INN Insider News

When it comes to reading the Federal Reserve tea leaves, UBS analysts don’t foresee another rate hike coming out of the June FOMC meeting June 13-14. Instead, the firm expects the agency’s so-called dots (referring to interest rate target ranges) to be revised up for 2023 and 2024. “We do not expect Chair Powell to pre-commit to raising rates in July, but we expect a majority…

NEW YORK- U.S. stocks drifted higher Tuesday amid a vacuum of market-moving data, nudging Wall Street closer to the edge of what's called a bull market. It wants to know which will happen first: a recession or inflation falling enough to get the Federal Reserve to start cutting interest rates, which have climbed so high they've hurt various parts of the economy.

The U.S. Federal Reserve is adrift and has only itself to blame. CAMBRIDGE- One might think that predicting the U.S. Federal Reserve's next policy moves would become easier now that it has already raised interest rates 10 times in a row, by a total of five percentage points. For this Fed, much will depend on the employment and inflation data that will be released in the…

It's a combination of income and safety that's been hard to come by, said Brad Huffman, a financial planner with Future Finances in Columbus. Huntington Bancshares, for example, is advertising a promotion on a 14- month CD that yields a 5.18% annual percentage yield. Credit goes to the Federal Reserve, which has been aggressively raising interest rates in…

COUNCIL BLUFFS— A Tim Scott presidency would be good news for Social Security and Medicare beneficiaries, but bad for current leadership at the FBI, the Republican presidential hopeful said in a town hall meeting here Friday. Scott, a three-term U.S. senator from South Carolina, spoke in a packed back room at Barley's Bar& Grill after an introduction by U.S. Rep.

In a whopper of a mix-up that started more than two years ago, a New Jersey man’ s health insurance plan has been billed for more than 300 claims, and counting, for another patient. David noticed the problem when he reviewed his Horizon Blue Cross Blue Shield statements in March 2021. “The bills at that point in time were beginning to get larger and more detailed,” he said,…

Chenita LeBlanc, a program manager with DePaul Community Health Centers, holds a flyer for Louisiana Medicaid members on Saturday, May 27, 2023. (Michelle Liu/Verite)NEW ORLEANS — In a repurposed waiting room at the DePaul Community Health Clinic on Carrollton Avenue, four Medicaid navigators in blue polo shirts each settled into a corner with their laptops one recent morning,…

This is the case with the most recent episode of the long-running soap opera set in Washington- its roughly biennial debt ceiling drama- which is slowly heading for a conclusion that is expected to be brief. After threatening the world with sovereign debt default and financial disaster in order to achieve their goals, congressional Republicans won moderate…

Minutes before his two-week trial was to begin Monday morning, local real estate investor Gary Dragul pleaded guilty to two counts of securities fraud in a deal with prosecutors. Dressed in a fitted gray suit with a striped maroon-and-white tie and brown dress shoes, the 61- year-old sat in a quiet Centennial courtroom and admitted to operating his former…

The state of Arkansas is proposing another work requirement rule for Medicaid recipients. The main difference from a 2018 work requirement that was struck down by a federal judge is that recipients won't lose health coverage but be switched from ARHOME to fee-for-service Medicaid. In this photo, Valencia White (right) speaks about her concerns regarding Arkansas' Medicaid expansion…

Though the defined contribution business is just a part of asset managers’ and b/d’ s businesses, retirement plan assets are coveted and dominated by the largest money managers in the world, leading to the sale of Putnam Investments to Franklin Templeton. Once a highflier with $371 billion in AUM in 2000, Putnam was hit by the mutual fund scandals as assets…

The federal government can make an investment in a service that could save nearly $14 billion in health care costs each year. A groundbreaking cost-modeling 2022 study found that a national implementation of medically tailored meals for patients with diet-sensitive conditions and other factors— patients accounting for the highest costs in our health…

Medical coding is the backbone for “how business gets done in medicine.” (Getty Images)The federal government is reconsidering a decision that breast cancer patients, plastic surgeons, and members of Congress have protested would limit women’s options for reconstructive surgery. The Centers for Medicare & Medicaid Services recently heard from interested parties at a public…

Spirit of compromise carries the day, showing us the way forward. In spearheading the contentious negotiations on the debt ceiling bill that led to a bipartisan agreement in the House and Senate, President Biden harnessed skills developed over a decades-long career that have prepared him well for leadership at a time of extreme divisiveness in our politics.

U.S. regulators, led by the Federal Reserve, are expected to unveil the proposed tightening of requirements within the month, according to this source, who spoke on condition of anonymity. Michael Barr, the Fed's top regulatory official, mentioned last month on Capitol Hill that the central bank would likely unveil its plan this summer to tighten bank capital…

The SEC says Binance commingled customer funds, didn't register itself as an exchange, and defrauded its customers. In a response to the SEC's suit, Binance accuses the commission of taking a blunt approach where one isn't warranted. "While we take the SEC's allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an…

Allstate recently joined State Farm as another major insurer to no longer accept new applications for California property insurance. Concerns are now growing around the country about the viability of the industry.Plus, the disconnect between workers and employers on menopause.And, how do you approach summer reading?Guests: Axios' Andrew Freedman and Emily Peck.Credits: Axios Today…

Health insurers responded to the 2015 Supreme Court decision recognizing same-sex marriage with more equitable coverage for LGBTQ couples, including spousal benefits, according to a new study published in Health Affairs.What they found: The percentage of all LGBTQ adults with a usual source of health care access increased from 64% to 75% from 2013 to 2019.Disparities in coverage…

With two of the biggest insurance giants pulling back from California, home buyers can expect surging premiums and difficulty in finding coverage. State Farm and Allstate have stopped issuing new homeowner policies in the country's most populous state over the past few weeks, citing wildfire risks and rising construction costs as the reason behind their decision. While the…