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Federal Reserve chair Jerome Powell said on Wednesday that he will remain a central bank governor "for a period of time to be determined," citing attempted political interference. Why it matters: It extends Powell’s influence over monetary policy beyond the conclusion of his term as Fed chair on May 15. His term as one of seven Fed governors extends through January 2028. It denies…

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…

Assured Guaranty NYSE: AGO reported a stronger start to 2026 in new business production, with management pointing to higher demand across U.S. public finance, non-U.S. public finance and global structured finance, while also signaling a near-term slowdown in share repurchases as it allocates capital toward growth opportunities.

CVS Health (NYSE:CVS – Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday. Other analysts have also recently issued reports about the company. Piper Sandler decreased their price objective on CVS Health from $101.00 to $99.00 and set…

Housing, healthcare, and inflation are typically at the top of retirees’ “worry list.” However, a growing number of retired individuals are now facing another frustrating expense: unexpected business fees. Banks, utilities, subscription services, insurance providers, and even local governments are adding charges that many seniors never anticipated while they were doing their…

The Senate Banking Committee could formally notice a markup vote on the Digital Asset Market Clarity Act as early as Friday, reviving a major crypto market structure bill that collapsed in January over stablecoin yield disputes and banking industry opposition.

Skyward Specialty Insurance Group NASDAQ: SKWD reported what executives described as a strong first quarter of 2026, its first reporting period as a combined company following the addition of Apollo. Chairman and Chief Executive Officer Andrew Robinson said the results reflected “an excellent start as a combined company,” citing stronger earnings, higher book value and…

After a New Hampshire House committee voted to kick the can down the road on whether to compel insurance companies to cover wraparound mental health services for children, Gov. Kelly Ayotte was “outraged.” “I was incredibly flabbergasted and disappointed by the House vote on this,” Ayotte told reporters in her office following the vote on […]

C.H. Robinson Worldwide NASDAQ: CHRW shareholders approved all four proposals presented at the company’s 2026 Annual Meeting of Shareholders, including the re-election of 10 directors, an advisory vote on executive compensation, the ratification of Deloitte & Touche LLP as the company’s independent auditor and approval of an amended and restated employee stock purchase plan.

Baton Rouge, Louisiana – A federal court has ruled in favor of the insured client of J. Price McNamara, Disability, Life, AD&D Insurance Attorney in his ERISA accidental dismemberment insurance lawsuit against The Lincoln National Life Insurance Company, reversing Lincoln’s denial of benefits and awarding full benefits, plus interest and court costs.

Palomar NASDAQ: PLMR reported a strong start to 2026, with management highlighting broad-based premium growth, continued underwriting profitability and an increased full-year adjusted net income outlook during the company’s first-quarter earnings call.

Kingstone Companies NASDAQ: KINS reported a first-quarter 2026 net loss as an unusually severe winter storm season across the Northeast drove elevated catastrophe losses, though management emphasized continued improvement in underlying underwriting performance and premium growth.

Data: Bureau of Labor Statistics; Chart: Courtenay Brown/Axios The U.S. economy added 115,000 jobs in April, while the unemployment rate held at 4.3%, the Labor Department said on Friday. Why it matters: Employers kept hiring through the Iran war’s energy shock, a sign of labor market resilience that complicates the case for the Federal Reserve to cut interest rates. By the…

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…

TOPEKA — Lydia Shontz-Hochstedler was diagnosed with breast cancer in 2021 at age 32. She accumulated thousands of dollars of medical debt that will take years to pay off. As a state employee, news that Kansas officials are considering dropping Blue Cross Blue Shield of Kansas as a health plan administrator raised “serious concerns,” she…

The Federal Reserve left interest rates steady Wednesday in what was almost certainly Jerome Powell’s final meeting as its leader, but there were the most internal dissents at a Fed meeting in 34 years. The big picture: The surprising dissents show that Kevin Warsh, whose confirmation to lead the Fed is pending in the Senate, will face significant internal resistance to delivering…

Data: Federal Reserve Bank of New York; Chart: Courtenay Brown/Axios The uncomfortable new normal for the U.S. economy: spending growth concentrated at the top of the income ladder, a split largely explained by wealth gains from financial assets. Why it matters: The K-shaped economy is real, though it is not particularly new. That’s the conclusion of research out Friday morning…