Can companies decide which drugs to offer on their insurance plan?
- Miami Herald
State regulators Friday asked a judge to place a property-insurance company in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry.
The average student-loan borrower will see their monthly bill drop by up to $300 a month when payments restart, the Education Department said
Student-loan borrowers with a remaining balance after Biden's forgiveness will see monthly bills that are $200 to $300 lower, the Ed. Dept. estimates.
- The Wrap
The company intended to take the former president's social media platform public
Donald Trump has taken a lot of heat over the years about his income taxes or, more specifically, his ability to get out of paying what most would consider his fair share. Trump has kept a tight grip on his tax returns, becoming the first president in 40 years not to release them to the public. According to data reported by The New York Times, Trump only paid $750 in federal income taxes in 2016 and 2017 — less than the average of $819 paid by households making over $20,000 per year in 2017. Acc
Barring selected periods of relief, the inherent trend of the stock market has been resolutely negative in 2022. For investors searching for ways to boost the portfolio’s performance, there have generally been slim pickings. But if you look on the bright side of a market situation where stocks are continuously pushed further down, what you get are some low and enticing entry points. Roth Capital’s tech and communications expert Scott Searle certainly thinks that with a bit of digging, investors
- Motley Fool
There's a reason people are advised to keep anywhere from three to six months' worth of living expenses in a savings account. Personal Capital surveyed its users recently and found that overall, Americans had $59,506.81 in cash. The median cash balance among 30-somethings, for example, was $50,974.75, while the median cash balance among those in their 60s was $119,289.96.
Billionaire Carl Icahn warns 'you can't cure' hot inflation — but when an audience member asked him for stock picks, he gave these 2 'cheap and viable' names
The 86-year-old investing legend has spoken. Pay attention.
- Business Insider
Elon Musk was texting Larry Ellison 'into the early morning hours' just before announcing his Twitter purchase was on hold, a new court filing says
Oracle cofounder Larry Ellison is a longtime friend of Musk and had pledged $1 billion to the Twitter purchase.
Corporate Home Buying Spree Backfires — Is This A Sign That Michael Burry's Predictions Are Accurate?
Not so long ago, in a galaxy not so far away, corporations thought they hit the jackpot. Not so long ago was 2021, and the galaxy in question was the United States of America. Institutions discovered a niche market that produced reliable, incredibly high yields. The market was real estate — single-family homes to be exact. They got a small taste early in 2020, taking advantage of some of the consequences families faced in the early stages of the pandemic. Institutions entered the rental market,
How many times have you read or heard that the S&P 500 returns 10% per year? The actual average return -- after adjusting for inflation, reinvesting dividends, and assuming you pay no taxes-- is almost half that. How is the oft-quoted figure promising 10% average annual returns so far off?
‘I would not have been able to do it without him’: I built a property portfolio with 23 units while we were dating. How much should I give to my fiancé in our prenup?
‘They were purchased with my money, and I’m the sole owner on paper – but my fiancé was involved in the entire process.’
- Business Insider
There's now a 98% chance of a global recession - which signals a severe downturn and more downside risk for stocks, research group says
The only other times the indicator has been this high was during the pandemic downturn of 2020 and in the Great Financial Crisis of 2008-2009.
- Business Insider
Warren Buffett's favorite market gauge is reading nearly 150%, signaling US stocks are still overvalued and at risk of tumbling further
The Buffett indicator, which compares the total value of the stock market to the size of the economy, has retreated from over 210% but remains high.
A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley’s Wilson
Morgan Stanley’s Wilson said every 1% change in the Dollar Index has a negative 0.5% impact on S&P 500 earnings. He also saw an approximate 10% headwind to growth to companies earnings in the fourth quarter, in addition to other headwinds such as payback in demand and higher costs from inflation.
- Motley Fool
The mortgage REIT completed a reverse split on Friday, so it's the first trading day post-split. A stock decline in this situation isn't odd at all.
- Simply Wall St.
To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
- Associated Press
Top U.S. insurance companies and associations say California is risking a crisis in the nation’s largest automobile insurance market by refusing to approve any rate increases for more than two years, since the start of the coronavirus pandemic. The companies already are cutting back and say they can't continue operating at a loss while Insurance Commissioner Ricardo Lara delays rate cases filed by companies representing three-quarters of the California market. Allstate, Geico, Kemper, Liberty Mutual and State Farm all reported paying more in claims than they collected in California premiums in the first half of the year, though they were profitable as recently as last year.
One side effect of rising interest rates is the recent slide in high-yielding dividend stocks. The market is pummeling some widely held names, causing their yields to climb. Here are the yields on a handful of widely held S&P 500 stocks as of the Sept.
- Yahoo Finance
The selling in stock markets looks poised to continues, warns veteran strategist Sam Stovall.
Deutsche Bank has emerged as the star witness in New York attorney general Letitia James’ case against Donald Trump and the Trump Organization.