Humana Inc. stock rose on Wednesday after the health insurer released its first-quarter earnings. The company reported first-quarter adjusted income of $10.31 per share, down from $11.58 last year and above the consensus estimate of $10.19. The company reported sales of $39.65 billion, up from $32.11 billion a year ago, beating the consensus of $39.36…
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With oil flirting near $120 a barrel and inflation refusing to cool, the Federal Reserve is expected to do the only thing it can on Wednesday: nothing. The decision would also mark what is likely Jerome Powell’s final meeting as chair of the US central bank, an understated exit for a central banker who rarely sought the spotlight. Traders are pricing in a 100% probability that the…
New York can stabilize its workforce by updating our outdated temporary disability structure.
Blue Cross Blue Shield will start paying settlements to insurance customers. Who can get a check? How much money could you get? When will you be paid?
Markel Group Inc. (NYSE:MKL – Get Free Report) fell 6.8% during trading on Wednesday following a weaker than expected earnings announcement. The company traded as low as $1,750.00 and last traded at $1,779.4810. 23,874 shares were traded during mid-day trading, a decline of 52% from the average session volume of 50,210 shares. The stock had…
Cincinnati Financial (NASDAQ:CINF – Get Free Report) had its price objective increased by research analysts at Keefe, Bruyette & Woods from $190.00 to $191.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a…
Louis Alderman Brandon Bosley has been sentenced to prison in a high-profile bribery and insurance fraud scheme through which he inflated repair costs on a damaged vehicle. On Tuesday, a federal judge sentenced Bosley to 16 months in prison and ordered to pay nearly $63,000 to an insurance company he defrauded. Bosley was convicted of four counts of wire fraud…
Today’s Forbes Daily newsletter covers General Motors' tariff refund boost, Spotify shares fall, OpenAI misses the mark, the European Union could fine Meta and more.
The Iran war is trapping the world’s central banks with an energy shock that simultaneously undermines growth and stokes inflation, with no good policy response to either. Each of the world’s most important central banks faces that dilemma in policy meetings this week. Why it matters: From Tokyo to Washington, central banks that were on track to normalize policy are now paralyzed,…
The Department of Justice said Friday it will drop a criminal probe into Federal Reserve chair Jerome Powell, a sharp pivot in an unprecedented investigation into the nation’s top central banker. Why it matters: It opens the path for President Trump’s pick to lead the Fed, Kevin Warsh, to be confirmed to the post after a standoff with Sen. Thom Tillis (R-N.C.), who blocked…
This is shaping up to be a momentous week for the Federal Reserve. What comes next for the Fed’s leadership has come into clearer focus in the last three days, but one big question hangs over the institution. The big picture: On Wednesday, the Senate Banking Committee is set to advance Kevin Warsh’s nomination to lead the Fed, after Sen. Thom Tillis (R-N.C.) indicated his…
If the United States gets into the business of providing dollar liquidity to the United Arab Emirates and other Persian Gulf states battered by the Strait of Hormuz’s closure, it will amount to a novel use of an old power. The big picture: The Federal Reserve used swap lines with foreign central banks as a key tool to calm global financial disruptions in periods of stress, starting…
The message from top Republicans on Tuesday morning was that things were on track for an orderly transition atop the Federal Reserve when chair Jerome Powell’s term ends next month. Events over the next 24 hours made those prospects messier. The big picture: As much as Senate Republicans seek an off-ramp that would smooth the path for Kevin Warsh’s confirmation as Fed chair, the…
GBP/USD trades in a tight range as markets await critical interest rate decisions from the Federal Reserve and Bank of England.
AUD/USD faces a critical test at the $0.7150 level, with resistance at $0.7177 capping recent gains. A breakout above $0.7213 could signal further upside ahead of the Federal Reserve’s upcoming policy announcement.
Chart: Zachery Eanes/Axios; Source: Wake County Wake County’s biggest payers of property tax include drug makers, real estate developers, tech companies and a bank — but none of their land holdings come close to the value of Duke Energy’s. Why it matters: North Carolina lawmakers concerned about housing affordability are considering capping annual property tax increases, though…
Pennsylvania’s Affordable Care Act marketplace has seen health insurance cancellations skyrocket so far this year. The big picture: Spiking insurance premiums, driven in part by recently expired federal subsidies, are pushing enrollment down, as higher costs for energy, gas and food strain household budgets. State of play: Roughly 45,000 Pennsylvanians have dropped coverage through…
To understand what the global economy will do this year, you have to understand what happens next in the Iran war. The outlook for the war and its aftermath, and what that means for the free passage of energy through the Strait of Hormuz, is the global economic outlook. That’s the uncomfortable reality hanging over the International Monetary Fund and World Bank Group spring…
The idea of breaking up big health insurance companies has suddenly entered the political conversation, even if it faces long odds of ever actually happening. Why it matters: Politicians across the ideological spectrum are increasingly convinced that those owning multiple parts of the health care system have a big role in making medical costs unaffordable. State of play: Rep….
