Desperate to get a handle on rising property insurance costs driven by natural disasters, some state lawmakers are opening up a new line of attack in the effort to force oil companies to bear the cost of climate change effects.
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The Senate confirmed former finance executive and former Federal Reserve Governor Kevin Warsh as the U.S. central bank’s new chair May 13.
Fed's Schmid Speaks on "Payments Innovation and Community Banking" before the "Future of Banking Conference" Hosted By the Federal Reserve Bank of Kansas City.
It’ s the halt on oil shipments through the Strait of Hormuz, which plainly won’ t continue much longer. Notice: Speaker-emerita Nancy Pelosi hypes that inflation is“ skyrocketing”… yet she said no such thing at the same point in the Biden years, when it was more than twice as high at 8.3%. Getting inflation back down would take long months of harsh Federal Reserve…
United States, May 14, 2026– Rocket Bail Bonds, the number one trusted bail bond company in San Diego and Southern California, is proud to announce a significant expansion of its service capabilities, reinforcing its commitment to providing fast, compassionate, and fully accessible bail bond services to individuals and families across the region..
Jeff Rosenberg, senior portfolio manager at BlackRock Inc. said Thursday that inflation pressures may actually be nearing a peak despite recent hotter-than-expected CPI and producer inflation reports that reignited fears of further Federal Reserve tightening. The hotter inflation data pushed Treasury yields higher and sharply reduced expectations…
Data: Bureau of Labor Statistics; Chart: Courtenay Brown/Axios Consumer prices continued to surge in April, led by higher energy prices, the government said on Tuesday. Why it matters: The April report shows that inflationary pressures tied to the Iran war are seeping into consumer prices, making it difficult for the Federal Reserve to cut interest rates just as President Trump’s…
Today’s Forbes Daily newsletter covers Nvidia's market cap record, a new imaging system for cancer cells, Florida targets the NFL, opposition to AI data centers and more.
Investors think carefully about portfolio allocation, position sizing, and risk-adjusted returns. The same intellectual rigour rarely shows up in the personal-insurance side of household balance sheets. The gap is meaningful because uninsured or underinsured exposures can erase portfolio gains in a single event. Investor-class households benefit from treating personal insurance as…
Reinsurance Group of America NYSE: RGA reported a strong first quarter of 2026, with management pointing to broad-based earnings strength across regions, favorable claims experience and continued capital deployment into new business opportunities.
A persistent 3.8% Consumer Price Index (CPI) and record-high credit card APRs are reshaping consumer credit behavior. With total U.S. credit card debt swelling to $1.28 trillion and serious delinquencies hitting 7.10%, a structural rotation away from traditional revolving credit is accelerating. This macroeconomic backdrop creates a significant tailwind for Buy Now, Pay Later…
The U.S. Senate confirmed Kevin Warsh yesterday as the new chair of the Federal Reserve, the world’s most influential central bank. The 56- year-old economist, nominated by President Donald Trump, will replace Jerome Powell at a particularly delicate moment for the U.S. and global economies. Furthermore, there are divisions within the Federal Reserve itself…
Summit Wealth Group LLC Co. trimmed its stake in CocaCola Company (The) (NYSE:KO – Free Report) by 68.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,158 shares of the company’s stock after selling 13,399 shares during the quarter. Summit Wealth Group LLC…
Summit Wealth Group LLC Co. cut its holdings in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 77.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,523 shares of the cell phone carrier’s stock after selling 28,734 shares…
Knuff & Co LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 889.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 166,326 shares of the Internet television network’s stock after purchasing an additional 149,510 shares during…
Madison Asset Management LLC bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 79,500 shares of the business services provider’s stock, valued at approximately $5,340,000.
If you go down the expansive California ballot for the June 2 primary, you will eventually hit the election for state insurance commissioner. The position, which oversees the insurance market for homeowner’s, automotive, business, workers’ compensation, medical malpractice, bail, and other insurance products—but not health insurance, which is almost entirely managed by…
The bill previously cleared the Senate Health & Social Services Committee on May 5.
A $22.1 million increase in allowable health insurance costs accounts for nearly the full tax levy increase in Passaic County’s adopted 2026 budget.
