After the worst September in 20 years, S&P 500 experiences best session in two months

—A former city council member in Southern California was sentenced to five years in prison for taking a $10,000 bribe to help open a cannabis business and also hiring someone to burn down his restaurant for an insurance payout, prosecutors said. Jermaine Wright, who served on the city council and was mayor pro tem of Adelanto in San Bernardino County, was…

Bond yields fell on Tuesday after soft U.S. economic data raised hopes that the Federal Reserve may be nearing the peak of its tightening cycle. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.022% slipped 10 basis points to 4.010%. The yield on the 10-year Treasury TMUBMUSD10Y, 3.581% retreated 4.8 basis points to 3.587%. The yield on the 30-year Treasury…

Stocks kicked off the week with big gains after suffering their worst September in two decades as Treasury yields halted a seemingly endless surge, with weak US manufacturing data soothing concern the Federal Reserve will overtighten monetary policy. Fed Bank of New York President John Williams said the central bank still has more work to do to curb…

As part of the sanction, Kardashian has agreed to continue cooperating with the SEC in the investigation, although the payment does not imply accepting or denying the facts under investigation. According to the US financial regulator's inquiries, Kim Kardashian promoted on her Instagram social network account the EMAX token, offered by EthereumMax,…

An expert on insurance fraud is warning Florida residents whose properties were damaged by Hurricane Ian to be careful of scams, especially from construction workers who may ask homeowners to sign over insurance benefits for a quick fix.

Nearly every major currency has lost ground against the U.S. dollar in recent weeks, an offshoot of the Federal Reserve's campaign to rein in inflation through higher interest rates. This year, the greenback's value has jumped nearly 20 percent, according to the U.S. Dollar Index, which measures the currency against a basket of significant trading partners,…

On Tuesday, during an event in the Rose Garden, President Joe Biden highlighted his and Congressional Democrats’ efforts to protect and strengthen Medicare and lower health care costs for seniors. Medicare beneficiaries will see their Part B premiums decrease in 2023, the first time in more than a decade that the tab will be lower than the year before, the…

Locals list famous visitors, from Denzel Washington to Johnny Depp, Eric Clapton to former vice president Mike Pence. Seashell collectors came to scour Sanibel's beaches, renowned for their diverse bounty. The lighthouse survived Hurricane Ian, but the storm devastated much of the rest of Sanibel.

And in his state of the city address this year, Mayor John Tecklenburg said Charleston must "rezone every inch of our city" to put an end to development in flood-prone areas. But even as it works to fortify itself, Charleston- which was lashed by wind and rain from Hurricane Ian on Friday- has greenlit plans for a more than 9,000 acre residential and commercial…

As Hurricane Ian approached the coast of Florida, private jet flights out of Tampa— the biggest city in the storm’ s direct path— increased by 71 percent, carting wealthy Florida residents off to second, third, or fourth homes on the island of Nantucket and in Aspen, Colorado. Ian could be among the costliest storms in U.S. history by the time it peters out.

In cases of losses of any kind, being mainly the economic losses caused by a specific mishap, it is essential to have the services of an insurance company, which from the payment of a premium covers the damages caused to third parties, so that the contracting party can be calm in the event that any of these situations may occur and the insurance company takes care of…

The economic devastation left behind by Hurricane Ian in Florida is likely to put further pressure on the state’s fragile insurance system.

Hundreds of millions of dollars in state funding set aside to raise the pay of home care workers are likely to end up in the pockets of private health insurance companies, industry experts say.

Insurance Commissioner David Altmaier on Wednesday issued an emergency order that will temporarily prevent property insurers from dropping customers in the aftermath of Hurricane Ian.

Hurricane Ian is expected to undermine the already precarious market for property insurance in Florida, supercharging premiums and exposing gaps in coverage.

A Laguna Hills doctor pleaded guilty to defrauding Medi-Cal of more than $20 million by prescribing unnecessary medications to patients that were later sold on the black market, officials said.

Fraud is a persistent problem for the insurance industry, and it’s one we all pay for. The Coalition Against Insurance Fraud estimates it costs insurers $308.6 billion a year industrywide, leaving customers to recoup the losses with higher rates.

An expert on insurance fraud is warning Florida residents whose properties were damaged by Hurricane Ian to be careful of scams, especially from construction workers who may ask homeowners to sign over insurance benefits for a quick fix.

Ian downgraded to a tropical storm with winds of 104 km per hour as it moved northeast toward central Florida, leaving 2.5 million homes and businesses without power amid downed trees and flooded roads from one of the costliest and most powerful hurricanes in U.S. history.