INN Weekly Newsletter INN Insider Only

The president of the district of the Federal Reserve in New York, John Williams, said on Tuesday, that does not project cuts in basic interest rates this year. The Fed leader also stated that "it will take some time" to rebalance supply and demand in the United States and thus return inflation to the 2% target. The Fed's New York district president said that inflation…

As inflation has eased over the past year, troubles at midsize banks emerged as a top concern among market analysts, business leaders, academics and researchers consulted by the Fed, especially in the wake of the failures of Silicon Valley Bank and Signature Bank in March. "Despite decisive actions by the Federal Reserve, the, and the U.S. Department of the Treasury,…

A married couple from a small town in the far interior of Alaska has been charged with wire fraud in connection with a sham marijuana tourism business that they never intended to launch, federal prosecutors said in a recently unsealed indictment. The pair allegedly bilked 22 investors out of $722,000. Brian and Candy Corty from Delta Junction, Alaska, were indicted by a federal…

May 4— Disgraced ex- San Antonio attorney Chris Pettit stole tens of millions of dollars from his law clients with "the aid and assistance" of Wells Fargo Bank, a new lawsuit alleges. Filed Tuesday in U.S. Bankruptcy Court in San Antonio, the action also names Pettit as a defendant. AWAITING TRIAL: Disgraced ex-lawyer Chris Pettit gets trial postponed for plea…

If the federal government breaches the debt ceiling, Medicare wouldn't be able to pay providers — and states wouldn't get their federal Medicaid funding, experts tell Axios.Why it matters: Losing out on those payments, even for a short time, could be disastrous for providers’ bottom lines — and the effects could trickle down to patients.An extended default could have broad…

WASHINGTON- The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step in its yearlong effort to curb inflation with the fastest pace of hikes in four decades. Yet economists and Wall Street traders will be more interested in what the Fed and Chair Jerome Powell signal in a statement and at a news conference…

Sens. Bernie Sanders, I-Vermont, and Bill Cassidy, R-Louisiana, reached a deal on new legislation that aims to increase access to generic drugs and impose transparency measures on pharmacy middlemen.

The Affordable Care Act’s guarantee of no cost-sharing for cancer screenings and other beneficial evidence-based preventive services recommended by the U.S. Preventive Services Task Force (USPSTF) has been put in jeopardy by a district court decision favoring the plaintiffs in a lawsuit claiming that requiring insurance coverage of HIV pre-exposure prophylaxis violated their religious freedom.

A top priority of Florida Gov. Ron DeSantis cleared its last House committee and is ready for the chamber floor.

Millions of children in the United States, many of them Latino, are at risk of going without health insurance as pandemic protections expire this month.

Insurance Commissioner Mike Chaney stated last week that insured losses from the March 24, 2023, storms in the Mississippi Delta were approaching $100 million.

A cautionary tale for the U.S. is unfolding across the Atlantic Ocean. That is if our national leaders have been paying attention to what's been happening in France the past few months. For decades in the U.S. there has been the back-and-forth argument for taking SSA benefits at 62 or waiting until 70..

Startups, real estate, shares in well-known companies, such as Uber and Skype, increase the assets of the stars. He also adds up investments in companies such as SoundCloud, Airbnb, Uber, Pinterest and Skype. The actress bets on real estate investments: she owns properties in the USA, in Southern California, New Orleans, Manhattan, Texas, and Jackson Hole.

Many of those who say it’ s too soon to stop worrying about inflation were the same people who long maintained inflation wouldn’ t be a real problem. Why should anyone believe they now know what they are talking about? Today, with unemployment sitting at lows not seen in nearly a half-century and inflation beginning to moderate after a steep run-up in prices, we think…

"Inflation may be gradually coming down, but people aren't feeling it yet," said Mickey Levy, chief Americas economist for Berenberg Capital Markets. Indeed, Americans' expectations for inflation rose last month for the first time since October, according to survey data from the Federal Reserve Bank of New York released this week. Consumers in March said they…

The nine consecutive interest rate hikes by the U.S. Federal Reserve since March 2022 now put them in a range of 4.75% to 5%, the highest cap since September 2007. This strategy by Federal Reserve Chairman Jerome Powell to contain inflation also has a direct impact on consumers' wallets. "In fact, WalletHub has estimated that due to the increases that occurred…

Republicans and Democrats have been tripping over each other to tell voters how committed they are to making zero changes to Social Security and Medicare. Meanwhile, the Social Security and Medicare Trustees just confirmed yet again that within 10 years the programs' funds will be insolvent. It's hard to forget the scene during the most recent State of the…

Cleveland Federal Reserve President Loretta Mester said today that Fed officials need to move interest rates "a little bit higher" and then keep them there for a while for U.S. inflation to eventually come down. We're certainly focused on inflation and making sure it comes down to 2% over time, "Mester said in an interview with Bloomberg Television.

The Louisiana Supreme Court has joined state high courts across the nation in rejecting a policyholder's business-interruption claim for income lost because of government restrictions imposed to slow the spread of COVID-19. The high court on March 17 reversed the Louisiana Court of Appeals and reinstated a trial court decision that found the virus did…