INN Daily Newsletter INN Insider Only

When Massachusetts State Police found his GMC Envoy abandoned in Quincy, not far from Wollaston Beach, on June 3, 2020, the scene certainly gave the impression he had walked into the Atlantic Ocean and drowned himself. His wallet was there, with a driver’ s license, credit cards, and Social Security card still inside. One was an Internet-related business called Dock…

For an economist as I am, Federal Reserve Chair Jerome Powell's press conferences have become ever more painful to watch. Milton Friedman taught us inflation is "always and everywhere a monetary phenomenon." A recent Federal Reserve study suggested that as many as 37% of US companies have distressed debt situations.

Her power is so great that even the U.S. Federal Reserve has included in its latest' Beige Book' the impact of the so-called' Swift effect' on private consumption wherever she goes. The 33- year-old' Love Story' singer will have an additional $1 billion in her bank account for all of the shows worldwide when the tour ends on August 17, 2024 in Europe.

A Dallas federal jury on Thursday convicted the owner of several compounding pharmacies of paying illegal marketing kickbacks for expensive and ineffective pain creams and other medications, the Justice Department said. Richard Hall, 53, of Fort Worth, also was convicted of conspiracy to launder proceeds from the scheme involving RXpress Pharmacy and…

But the program's financial imbalance has sparked a major partisan battle, with Social Security benefits set to be cut by 20 percent starting in 2033 if Congress does not act, according to the most recent report of the boards of trustees of the Social Security and Medicare trust funds. Biden has pledged to defend Social Security benefits and in a statement…

Insurance companies have written more than 17,000 policies through the Insure Louisiana Incentive Program as of May 31, Commission Jim Donelon announced last week. The 17,197 policies written to date amount to $53 million in premium, according to a report released by the Louisiana Department of Insurance. East Baton Rouge has the second-most, followed by…

The consensus of stock market analysts expects the Federal Reserve to increase rates today by 25 basis points to a range of 5.25% to 5.50% and that this will be the last rate increase of the year, because inflation in the United States has already dropped to an annual rate of 3%. In the case of Mexico, it is anticipated that the Bank of Mexico, at its monetary policy…

TOKYO– Police arrested Kasumi Nawata a Japanese woman in Osaka, Japan, for allegedly starving and abusing her eight-year-old daughter to hospitalize her and fraudulently claim insurance payments. Daito City officials said that Nawata told the school that her daughter has an intractable disease and needed to be hospitalized regularly to have tests done,…

Canva image Residents of coastal Louisiana are facing growing risks from flooding and extreme weather, with options for home insurance vanishing as insurers leave the state. But the fossil fuel industry operating nearby has no such worries. Liquified natural gas (LNG) terminals have been springing up along the fragile Gulf Coast, securing insurance even as their product contributes…

Vivent pharmacy, part of Vivent Health, a nonprofit that provides HIV treatment and prevention services in Wisconsin and other states. (Wisconsin Examiner photo)Having repeatedly seen the Affordable Care Act (ACA) escape near death at the hands of the courts, advocates said Wednesday that a key provision in the 13-year-old landmark health insurance law is in new jeopardy. This time…

Johnson & Johnson (NYSE:JNJ) is suing the US government in a bid to block a program that would give the government health insurance program Medicare the ability to negotiate for lower drug prices. J&J is the latest major drugmaker to sue the Biden administration, joining Merck and Bristol Myers Squibb. The lobbyist group Pharmaceutical Research and Manufacturers of America have…

Boomer bashing is "in" and has been for several years, so don't be surprised if younger people start blaming us for the housing shortage, or at least part of it. That's according to U.S. Money Reserve, a precious-metals investment company, which just released a report, " U.S. Cities Where Retirees Have Been in Their Homes the Longest." "As they age into their retirement…

Oklahoma has finalized a best interest rule for annuities based on the model created by the National Association of Insurance Commissioners, becoming the 40th state to do so.. The new rule will be formally published in Oklahoma’ s state register in August and will go into effect as of Sept. 1, according to the Insured Retirement Institute, which has advocated for…

That's not possible this year, they said, because their entire $7 million investment in First Republic stock disappeared in the bank's $70 billion failure— even though they had repeatedly asked their bank consultant, Samuel Schoner, to sell the stock and invest in something else. Schoner, a senior wealth manager at First Republic, did not immediately respond to a…

John Singleton and his family, including mom Sheila Ward, attend his Hollywood Walk of Fame Ceremony – Getty Images enhanced by TMZ.com *John Singleton’s mother is being sued by one of his exes for $15 million over claims that she’s owed a percentage of his residuals that his mom and other parties are keeping from her. According to RadarOnline, Vestria Barlow, who has two…

From the infamous fraud perpetrated by Bernie Madoff on Wall Street to schemes such as the' Loom of Plenty' and the reported' Omega Pro', the tantalizing promise of extraordinary profits through supposed financial deals has led numerous people to fall into the trap. Although Ponzi schemes have a long history dating back to the development of the banking system in…

Only 16% of consumers rated the U.S. economy as good or excellent today, an 8- point decline since September 2022. This sentiment is partly driven by rising interest rates, with 70% of consumers reporting they are concerned about them- up from 61% in September 2022. Many are also uneasy with the Federal Reserve's current policies, with more than a third believing it…

For more than 105 years, Forbes has been reporting on the world's smartest business minds and best investors. In 1969, Forbes magazine first profiled Warren Buffett at a time when his Omaha- based Buffett Partnership was only 12 years old, but was already worth $100 million and had a compound annual return of 31%. Despite the Federal Reserve's rate hikes and its…

4 November 2021; Former Celsius Network CEO Alex Mashinsky, on Center Stage during day three of Web Summit 2021 at the Altice Arena in Lisbon, Portugal. Photo by Piaras Ó Mídheach/Web Summit via Sportsfile (Wiki commons) Alex Mashinsky, the founder and former CEO of bankrupt Celsius Network, an Israeli fintech startup and cryptocurrency lender that once even had the coveted…