The U.S. Federal Reserve will lead the turnaround of the richest countries after its monetary authorities projected 75 basis points of cuts for the year, marking an abrupt change from earlier warnings that rates could still rise for much of 2024.. Japan, meanwhile, will remain the standout among its peers, with Governor Kazuo Ueda expected to finally tighten…
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Monetary policy had a major impact on the stock market in 2023 as the Federal Reserve raised interest rates. Rebecca Walser, President, Walser Wealth Management, joined TheStreet to discuss how monetary policy could impact stocks in 2024.. REBECCA WALSER: Yeah I mean, I think that they actually go hand in hand.
Listen to the article 5 min. –Elevance Health is suing the federal government over changes to how regulators calculate Medicare Advantage star ratings that are set to cost the insurer hundreds of millions of dollars in quality bonus revenue.– The CMS implemented a controversial change to how it calculates MA stars, a key measure of plan quality that determines…
A little-known voluntary annuity option was part of the 2023 UAW contracts reached at GM, Ford and Stellantis. Here's what it means for workers.
Beginning in January, the nation's most populous state will put to the test the idea that Medicaid is reserved for the needy, as determined by income and asset thresholds reflecting our earnings and wealth. It may create a burden that robs America's poor to pay rich Californians. California legislation signed back in 2021 will soon take effect, eliminating all…
Ohio National Seguros de Vida S.A. Chile, informed, as an essential fact, that a Proportional Reinsurance Contract for Disability and Survivorship Insurance and Burial Expenses under a Collective Insurance Policy in the Peruvian Private Pension System, for the period 01-01-2024 to 31-12-2024 ", has been subscribed between Ohio National Seguros de Vida S. A. del…
The scheme by John Cuffari of Cedar Grove and Christopher Cuffari of Little Falls centered on compounded medications. such as scar and wound creams.
TALLAHASSEE— For years, insurance companies and state lawmakers have blamed lawsuits for driving Floridians’ homeowners insurance premiums to the highest in the nation. An analysis of 58,395 insurance claims that led to lawsuits in 2022 found that a disproportionate number were filed in Miami-Dade, Broward and Palm Beach counties, an indication of…
Lebanon County saw the largest jump in childhood uninsured rates in Pa., which increased by more than 11% from 2021 to 2022.
DENVER– A California federal grand jury has indicted two men, including one from Denver, in a superseding indictment accusing them of fraud connected to over 10,000 reservations linked to nearly 100 rental properties across 10 states. Shaunik Raheja, 34, of Denver, and Shray Goel, 35, of Miami were indicted Thursday on federal fraud charges that allege a "…
Undocumented children in Utah now qualify for medical benefits under a new, state-funded health insurance plan.Details: The 2023 law that established State CHIP is designed to provide health and dental coverage for eligible children and teens under age 19 who are in low-income, working households and don't qualify for other health insurance or Medicaid due to their citizenship…
The labor force participation rate has surged as immigrants streamed into the job market. If it's over, it could mean higher inflation, rates
The US Federal Reserve considers that interest rates have reached their peak, but leaves the door open to order future hikes if economic conditions require it, according to the minutes of its last meeting, published on Wednesday. At its December meeting, the central bank kept rates in their current range, between 5.25% and 5.5%, admitting that inflation has…
Most U.S. Federal Reserve officials want to keep borrowing costs high "for some time," raising doubts that the central bank will begin cutting interest rates in March.According to the minutes of their December meeting, which were released yesterday, officials expressed growing optimism that the Fed is succeeding in its attempt to quell inflation, but were wary…
Georgia authorities last week announced the arrest of a contractor charged with underreporting payroll and defrauding Liberty Mutual Insurance Co. of more than $9 million in premiums. Jose Martinez, 56, of Grayson, was charged with insurance fraud after an investigation found that he had deceived the workers' compensation insurer by adding false…
After an Allstate Insurance investigation alleged that a well-known Florida pain clinic had conspired with an injury law firm and had fraudulently billed the auto insurer for unnecessary surgeries and risky procedures, Allstate took the unusual step of striking an agreement with the clinics to stop the practices. "The defendants' relationships with their…
Since September, Milwaukee resident Sarah Hwang has been in a battle with her health insurance to cover the Botox injections that help her walk.
Eleven states and Washington, D.C., together provide full health insurance coverage to more than 1 million low-income immigrants regardless of their legal status, according to state data compiled by KFF Health News. (Getty Images)A growing number of states are opening taxpayer-funded health insurance programs to immigrants, including those living in the U.S. without authorization,…
Gavin Newsom and state legislators wrestle with a massive state budget deficit this year, a few blocks from the Capitol another crisis that could have far more impact on California families will be playing out. Citing heavy losses from disastrous wildfires and the potential for more destruction in the future, the largest insurers, such as State Farm and…