Fuel prices and the El Niño phenomenon are part of the gloomy outlook.. At least that is the view of the former Minister of Finance, José Manuel Restrepo, who maintains that this will be felt mainly "in the first three months of the year because a significant difficulty in accessing energy is foreseen, therefore a shortage, this shortage raises prices and this…
Can't stop working? You are not alone. The older workforce – some 11 million Americans – has quadrupled since the mid-1980s, new research says.
In 2022, U.S. healthcare spending in increased 4.1 percent to $4.5 trillion, or $13,493 per person, according to an analysis from the Office of the Actuary at the Centers for Medicare and Medicaid Services. The findings, indicate that in 2022 strong growth in Medicaid and private health insurance spending was offset by continued declines in supplemental…
The Federal Reserve won’t talk about it. A new study shows why they must.
Proposal would muscle many smaller companies that Texans use to service their life insurance needs out of the market
Data: FactSet; Chart: Axios Visuals Global markets think the war against inflation is over. And the Fed won.Why it matters: Reading the tea leaves from bond, stock and currency markets sheds light on how investors believe the economy will develop next year.It also helps explain the rip-roaring rally in stocks. The big picture: The overwhelming signal markets are sending right now…
The Federal Reserve released a quarterly report on Thursday, 7, which showed that the net worth of households and non-profit organizations in the United States fell to $151.0 trillion during the third quarter of 2023. The document also showed that the value of corporate shares held directly and indirectly decreased by $1.7 trillion, but that the value of real…
The president has repeatedly pointed to the steps he and congressional Democrats have already taken, including allowing Medicare to negotiate certain drug prices for the first time and capping the cost of insulin at $35 per month. The Commerce and Health and Human Services departments released a proposed framework for agencies concerning the exercise of…
The top 1% of American earners now control more wealth than the nation's entire middle class, federal data shows. More than one-quarter of all household wealth, 26.5%, belongs to Americans who earn enough money to rank in the top percentile by income, according to Federal Reserve statistics through mid-2023. The top 1% holds $38.7 trillion in wealth.
Four Utah- based nonprofits, including a charity that provides free dental care and another aimed at reducing child hunger, warn that James Huntsman’ s federal lawsuit accusing The Church of Jesus Christ of Latter-day Saints of defrauding tithe payers could, if successful, have devastating consequences for nonreligious organizations like them when it comes…
The Supreme Court on Wednesday heard the latest in a series of challenges to the power of federal agencies, with the conservative majority expressing doubt about the in-house legal proceedings Congress says the Securities and Exchange Commission may use to discipline those it believes have committed fraud. The U.S. Court of Appeals for the 5th Circuit ruled…
Wall Street braces for interest rate cuts. Twenty months after the Federal Reserve began a historic anti-inflation campaign, investors now believe there is far more chance that the central bank will cut rates in just four months than raise them again in the foreseeable future. Interest rate futures last week indicated a roughly 60% probability that the Fed…
Households are less optimistic about their financial well-being and report being worse off than a year ago, according to a September survey released by the Federal Reserve Bank of New York's Center for Microeconomic Data. Economists at the University of Chicago, for example, found that people who benefited from the moratorium increased their debt by $1,200…
After pleading guilty in federal court, disgraced lawyer Alex Murdaugh pleads guilty to financial crimes in state court.
The federal Centers for Medicare and Medicaid Services provides oversight of Medicaid-certified nursing homes in the United States. (Photo via Canva; logo courtesy of CMS)The federal government has released a new set of rules requiring nursing homes to disclose more information about their corporate ownership and management structure. The proposed rules haves already been…
Goolsbee, who became the head of the Chicago Fed in January, told the group at the Masonic in Detroit that the U.S. economy has avoided a recession, even though many thought that wouldn't be the case given Fed's fight against serious levels of inflation. "Every time the Federal Reserve has gotten inflation down significantly, there's been a massive recession to do…
The shipment of Kit Kats, which included popular flavors such as melon, matcha latte and daifuku mochi, cost US $110,000. "You can fit a lot of Kit Kats in two containers," said Taing. These particular Kit Kats have become the protagonists of a frustrating saga, with fake email accounts, phantom truck drivers, supply chain fraud and a deeply misguided freight broker.
Seoul, Nov 17- South Korean prosecutors today sought five years in prison for Samsung Electronics Chief Executive Lee Jae-yong for accounting fraud and stock price manipulation allegedly committed during the controversial 2015 merger of two companies in the business group he heads. Prosecutors also sought a fine of about 500 million won at the latest trial…
The Federal Reserve left interest rates unchanged in October, marking the second consecutive month that it has held off on raising rates while keeping a watchful eye on the American economy and the path of inflation. That said, there is a chance that the Fed will raise interest rates once more before the year is up — "investors think there's about a one-in-four chance that the…
