Political attack ads are taking on a different energy this primary cycle, thanks to big bucks from national super PACs backing cryptocurrency. Why it matters: The surge of attack ads is turning Illinois’ primary increasingly negative, even when the attacks are unrelated to digital currency. The big picture: The Fairshake political action committee (PAC) is a pro-crypto lobbying…
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Theodore Roosevelt United States Courthouse in Brooklyn BROOKLYN, N.Y. – Racketeering lawsuits against a New York network of personal-injury lawyers, doctors and lenders are having trouble finding their footing, as this week a federal judge dismissed another complaint.
Core PCE inflation hit 3.1% in January 2026, surpassing the Fed's 2% target. Markets expect the central bank to maintain current rates at upcoming meeting. The post Federal Reserve Faces Persistent Inflation as Core PCE Hits 3.1% in January appeared first on MoneyCheck.
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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
• Asian stocks fall as Iran war keeps oil near $100• MSCI Asia-Pacific index drops 1%, Nikkei declines 1.4% Friday• Dollar strengthens; yen hits 20-month low near 160 per dollar• Traders cut Federal Reserve rate cut expectations amid inflation fears
Senate leaders have postponed work on the crypto industry’s long-awaited CLARITY Act until April, pivoting instead to debate the SAVE America Act, a voter ID bill backed by former President Donald Trump.
UnitedHealth Group Incorporated UNH continues to go through a turbulent phase while navigating rising medical costs, regulatory scrutiny and shifting industry dynamics. According to the U.S. Bureau of Labor Statistics, the broader economy shed more than 92,000 jobs during the month, including roughly 28,000 positions in healthcare.
TLDR The CFTC issued a staff advisory and started a formal rulemaking process for prediction market oversight on Thursday CFTC Chair Mike Selig, the agency’s sole commissioner, says the CFTC has exclusive jurisdiction over prediction markets Platforms like Kalshi, Polymarket, and Coinbase now have initial guidelines for U.S. operations An Ohio judge recently ruled against […]…
Two developments this week capture how the world of decentralized finance and cryptocurrency is winning in its efforts to challenge traditional banks. Driving the news: On Wednesday morning, Kraken Financial, a cryptocurrency-focused bank in Wyoming, announced it has been granted a limited master account from the Federal Reserve. It’s a win for the crypto sector after years of…
Kalshi, one of the world’s largest prediction market companies, struck a deal with the Associated Press to license its elections data starting with the 2026 midterms. Why it matters: As the popularity of betting booms in the U.S., prediction markets are trying to distinguish themselves with partnerships that boost the credibility of information presented on their platforms. CNN and…
President Trump soothed rattled global financial markets Monday afternoon by suggesting that the conflict in Iran will be over "very soon." But the reality of a more fractured world may not dissipate quite so easily. The big picture: The geopolitical strains unleashed by the U.S. and Israeli attacks on Iran 11 days ago point to an ongoing reset in the politics and economics of the…
Data: Commonwealth Fund; Map: Kavya Beheraj/Axios Health insurance costs ate up 11% of median family income in California in 2024, according to a new analysis. Why it matters: The findings show how tough it can be to afford health care, even with insurance, for many of the estimated 167 million Americans who get coverage through an employer. The state-by-state breakdown of federal…
The Trump administration is planning something new for people shopping for Affordable Care Act coverage next year: health plans without a list of in-network doctors and hospitals. Why it matters: The "non-network" plans could inject a dose of long-sought innovation into health care pricing. But they also could expose patients to more surprise bills and further destabilize ACA…
Data: Commonwealth Fund; Map: Kavya Beheraj/Axios Health insurance costs ate up almost 9% of the median family income in Minnesota in 2024, according to a new analysis. Why it matters: The findings show how tough it can be to afford health care, even with insurance. Zoom in: The state-by-state breakdown of federal data by the Commonwealth Fund looked at how much people spent on…
A coalition backed by health insurers and employers is launching a new a new effort to showcase hospital pricing as a central driver of rising health care costs, Axios has learned. Why it matters: Health care affordability is emerging as a key election-year issue, with the Trump administration and many in Congress increasingly questioning why drug prices and insurance premiums are…
No one likes to deal with or pay for insurance, and child care providers are no exception. Under state licensing rules, early care and education programs are required to have liability insurance or disclose to parents that they are uninsured. Having a liability policy protects high-risk businesses, but expensive and hard-to-find plans are hurting an […]
What You Should Know The Funding: Malama Health, a maternal health company, has closed an oversubscribed $9.2M seed round led by Acumen America with participation from Wisdom Ventures, Capital F, and Coyote Ventures, alongside angels from the company’s pre-seed round. The Capital Stack: Uniquely, the round is not purely venture capital. It includes a $2.3M… Read More
An Alabama House committee Wednesday approved a $10.4 billion Education Trust Fund budget for fiscal year 2027 that largely reflects Gov. Kay Ivey’s proposed budget from earlier this year. The budget, about $569.7 million higher (5.7%) than the current budget, includes pay raises for teachers;and less money for a health insurance program for education employees…
