The Federal Reserve seems to be done with its aggressive interest rate hikes, economists say. That could turbocharge stocks and your 401(k).
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The Supreme Court on Wednesday heard the latest in a series of challenges to the power of federal agencies, with the conservative majority expressing doubt about the in-house legal proceedings Congress says the Securities and Exchange Commission may use to discipline those it believes have committed fraud. The U.S. Court of Appeals for the 5th Circuit ruled…
Tom Baker has written to all 160 state lawmakers as well as 15 news organizations about condo owners dealing with huge insurance rate hikes.
Abercrombie & Fitch has suspended retirement payments to former CEO Michael Jeffries after he was accused of sexually assaulting young men.
Photo: Getty ImagesNorth Carolina will reach a milestone Dec. 1 when an estimated 600,000 low-income people become eligible to enroll in health insurance under Medicaid expansion. North Carolina is the 40th state to expand Medicaid and allow people with incomes up to 138% of the federal poverty level to enroll in the government health insurance plan. That’s equivalent to an…
Wall Street braces for interest rate cuts. Twenty months after the Federal Reserve began a historic anti-inflation campaign, investors now believe there is far more chance that the central bank will cut rates in just four months than raise them again in the foreseeable future. Interest rate futures last week indicated a roughly 60% probability that the Fed…
Five years after federal agents left a northwest Dallas office building in May 2018 with boxes holding the documents of a healthcare company, five of seven defendants have pleaded guilty in a medical kickback scheme. In addition to the guilty pleas, which included two top executives at Medoc Health Services, the government won judgments for millions of…
The Provincial Court of León sentenced a couple to 3 years for the continuous crime of aggravated swindling to the detriment of a parish priest. This allowed the priest to give them large sums of money, a total of 50,000 Euros, even using his own funds and those of the parish, as well as donations from friends and parishioners. In the present case, we have considered…
A Natick psychiatrist is facing 20 years in prison after being convicted in U.S. District Court in an $11 million Medicare fraud.
The drop in mentions of the word recession among the most important U.S. companies strengthens the expectation that in 2024 there will be a soft landing, in which inflation will fall back to the Federal Reserve's target, without the economy falling into recession. In the recent third quarter corporate financial reporting period in the United States, Mexico's…
NASHVILLE, Tenn.- It's a significant milestone those in the work force look forward to after years of labor— retirement. In Nevada, for instance, individuals aspire to retire as soon as possible with 57.7 being the average ideal age. Meanwhile, those in Connecticut expect to leave the workforce at little later, as 63.6 years old was the average age.
Thinking about retirement is sometimes difficult, and even more so when it comes to saving. In the case of Spain, it is a pay-as-you-go system, i.e., public pensions are paid with the contributions of those who work. In addition, investing at an earlier age allows us to assume a higher risk, which in the long run tends to offer higher returns, "says Ramón Ramos, head of life…
Of course, consumers would have a lot more money to spend on Christmas goodies if we behaved like every other civilized nation and implemented universal health care. But Minnesota and New York are saving their people money and insuring nearly everybody by offering “Basic Health Plans” under the Affordable Care Act: The basic structure of the ACA was this: Medicaid expansion for…
Washington, Nov 21- The members of the Federal Open Market Committee of the Federal Reserve agreed at its last meeting that it is necessary to "proceed with caution" when considering possible new interest rate hikes. This was stated in the minutes of the meeting held on October 31 and November 1, which were published on Tuesday. At that meeting, FOMC members agreed to…
After pleading guilty in federal court, disgraced lawyer Alex Murdaugh pleads guilty to financial crimes in state court.
Billionaire Changpeng Zhao, founder and chief executive of Binance, the largest global exchanger of digital currencies, was instrumental in the downfall of FTX, the cryptocurrency platform led by San Bankman-Fried, recently convicted in New York of a massive fraud in which he will receive a near life sentence. The pre-judicial deal will allow Binance to…
The entrance to the Ohio State Teachers Retirement System headquarters in Columbus. Photo by Marty Schladen, Ohio Capital Journal.Bill Neville, executive director of the State Teachers Retirement System of Ohio, has been placed on leave while special counsel hired by the Ohio Attorney General’s office investigates allegations made against him by system employees. The complaints,…
–The U.S. is making "considerable progress" in reducing inflation, which is especially notable as the labor market remains strong, Treasury Secretary Janet Yellen said Monday. The annual inflation rate, as measured by the government's consumer price index, fell to 3.2% in October from its 2022 high of more than 9% after the Federal Reserve embarked on an…
Two doctors who operated a pain management clinic in Dallas were arrested last week and are accused of making millions of dollars through an insurance scheme, according to the U.S. attorney’ s office for the Northern District of Texas. Deno Barroga and Desi Barroga, both of whom are 51 years old, were arrested Thursday and made their initial court appearances the…
