—Asian shares were mostly lower Thursday after U.S. stocks slipped, as doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September. In Seoul, the Kospi edged down 0.6% to 3,235.83 after South Korea reached a 15% tariff deal with the U.S., with no levies on American goods like cars, trucks and farm…
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The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut.The Fed’ s decision Wednesday leaves its key short-term rate at about 4.3%, where it has stood after the central bank made three cuts last year. So far the duties have lifted costs of some goods, such as…
Donald Trump is hardly the first president to pressure the Federal Reserve to lower interest rates or take some other action the White House deems necessary to boost the economy and shield the commander-in-chief from the fallout that comes when voters can't make ends meet. President Lyndon B. Johnson did it 60 years ago, summoning William McChesney Martin,…
New federal policy threatens to disrupt health coverage for more than 750,000 young children across New York State, affecting more than 141,000 children in Brooklyn, when it takes effect in 2027, according to Governor Kathy Hochul. This affects New York's new policy that ensures continuous coverage for children from birth to age six enrolled in Medicaid and…
U.S. stock indexes slipped as doubts rise about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September. Stocks felt pressure from rising Treasury yields after the Fed voted to hold its main interest rate steady. The move may upset President Donald Trump, who has been angrily lobbying for lower interest rates, but it was…
Wole Coaxum informed Selective Insurance Group, Inc. today of his resignation from the Board of Directors, effective immediately. “On behalf of the Board and the entire team, I want to express my deep gratitude to Wole Coaxum for his significant contributions to Selective,” said John J. Marchioni, Chairman, President and Chief Executive Officer.“ Wole brought us a…
Connecticut State Police said Ian Pierce, 34, used different methods and employed fake personas to collect premiums on nonexistent or lapsed life insurance policies. The Statewide Organized Crime Investigative Task Force began investigating Pierce after receiving a tip from the Connecticut Insurance Department about a fraud scheme occurring between…
Christopher Wallen and Michelle Bowman have backed Trump's call for a rate cut. The economy is mostly unchanged since last month, and the effects of President Donald Trump's tariffs are just beginning to take effect. So economists predicted the Federal Open Market Committee would stay the course until September.
The Federal Reserve kept interest rates steady when it met Wednesday— which isn’ t likely to be good news for already-wary California consumers. The Fed last lowered its target range, now 4.25% to 4.5%, in December. The Fed rates are those used by banks to loan money to one another overnight.
HAMMOND— A Highland- based ear, nose and throat doctor who cheated multiple insurance providers out of millions dollars has pleaded guilty to health care fraud, federal court records show. Bethany Cataldi, of Chesterton, admitted via plea agreement that she fraudulently billed Medicare and six private insurance companies a total of more than $22 million for…
—Federal Reserve leaves interest rates unchanged even as President Donald Trump demands cuts.
Primarily due to the Affordable Care Act, the United States has made great progress in expanding health insurance coverage. The progress made in insurance coverage is now threatened by the Trump administration and Congress. The passage of the Budget Reconciliation Act brings significant changes to the ACA and Medicaid, which, according to the Congressional…
JB Pritzker is asking state lawmakers for more authority to regulate the homeowners insurance market in Illinois. His comments came after the Bloomington- based State Farm Fire and Casualty Company notified the Illinois Department of Insurance that it was raising premiums for residential property casualty insurance in Illinois by an average 27.2%.
The U.S Federal Reserve will be making their FOMC decision public later today. The U.S Fed is not anticipated to be aggressive via its pronouncements today. Jerome Powell, the Fed Chairman, is expected to continue preaching patience as a virtue.
—Most U.S. stocks slipped on Wednesday after doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September. Stocks felt pressure from rising Treasury yields in the bond market after the Federal Reserve voted to hold its main interest rate steady. A cut in rates would give the job market and overall…
Guaranty Income Life Insurance Company, a leading fixed and indexed annuity carrier, has been named to the prestigious Ward’ s 50 list of top-performing life and health insurance companies for 2025. Ward benchmarks the financial performance of nearly 700 life and health insurers across the country, selecting the top 50 based on outstanding results in safety,…
–The US dollar has rallied against the Canadian dollar during the trading session on Tuesday, as we head into what could be the biggest day for this pair all year on Wednesday.– This is because both the Bank of Canada and the Federal Reserve have interest rate decisions during the session.– Ultimately, I think the real focus will be on the Americans as per usual, but I…
The Federal Reserve is expected to keep interest rate levels steady when it meets Wednesday– which doesn’ t look like good news for already-wary California consumers. The Fed last lowered its target range, now 4.25% to 4.5%, in December. The Fed rates are those used by banks to loan money to one another overnight.
Martin Heinrich and a Republican colleague are seeking a clearer picture of how wildfires affect homeowners' access to insurance, as insurers in New Mexico and across the country increasingly cancel or refuse to renew policies. Heinrich of New Mexico and U.S. Sen. The bill has been referred to the Senate Committee on Banking, Housing, and Urban Affairs.
