WASHINGTON (AP) — For the first time in a decade, Americans will pay less next year on monthly premiums for Medicare’s Part B plan, which covers routine doctors’ visits and other outpatient care. The rare 3% decrease in monthly premiums is likely to be coupled with a historically high cost-of-living increase in Social Security benefits …
Millions of Americans will save on Medicare fees next year Read More »
US President Joe Biden on Monday urged companies running gas stations, banks and cell phone services to lower costs for consumers coping with inflation. During a White House meeting, Biden said that “junk fees” such as bank overdraft fees and cellular phone termination charges were hurting families and that gas station operators needed to lower …
Biden Urges Companies to Lower Costs for Consumers Read More »
Slight cooling of inflationary rates has pushed the projected increase for Social Security beneficiaries below the double-digit figures predicted just a month ago. The exact amount of the increase will be announced in just a few weeks. The latest update predicts a cost-of-living adjustment, or COLA, of 8.7%, almost a full percentage point lower than …
Social Security increase 2023: Here’s the latest forecast as inflation eases Read More »
Colombian pop star Shakira is set to face trial in Spain for alleged tax fraud after a Spanish judge on Tuesday formally ordered the singer to stand trial, the AP reported. Driving the news: Prosecutors allege that the singer failed to pay 14.5 million euros (around $13.9 million) in income taxes between 2012 and 2014. …
House Ways and Means Committee ranking member discusses why the Biden administration keeps spending money as inflation rises on ‘Mornings with Maria.’ Rep. Kevin Brady, R-Texas, roasted President Biden Tuesday for the cost of his student loan handout as the economy worsens and inflation rises, telling “Mornings with Maria” “it makes no sense” for the …
OPINION AND COMMENTARY Editorials and other Opinion content offer perspectives on issues important to our community and are independent from the work of our newsroom reporters. President Joe Biden speaks about the DISCLOSE Act in the Roosevelt Room of the White House in Washington, Tuesday, Sept. 20, 2022. (AP Photo/Andrew Harnik) Andrew Harnik AP It’s …
Biden is working hard to undo problems created by Donald Trump Read More »
Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in US and global markets from Mike Dolan. As Hurricane Ian raged and set its sights on Cuba and Florida, a global financial storm in bond and currency markets calmed moderately – though likely only temporarily. Ian strengthened into a …
Lipow Oil Associates president Andy Lipow provides his outlook on the oil market, telling ‘The Claman Countdown’ he expects gas to drop to $3.50 per gallon by October. President Joe Biden touted the worldwide drop in oil prices on Monday but urged energy companies to lower the price at the pump for consumers. “We haven’t …
Biden hits oil and gas companies: ‘Bring down prices you’re charging at the pump’ Read More »
The Federal Reserve is the proverbial bull in the china shop, prepared to create damage with higher interest rates to bring down the hottest inflation spell of the past 40 years. The first thing that will break is the financial markets, “as currently unfolding,” BMO Capital Markets economists Michael Gregory and Sal Guatieri said in …
First thing Fed breaks with higher rates will be the financial markets, BMO says Read More »
Goldman Sachs has begun laying off workers across the US — and the Wall Street giant is focused on culling mid-level investment bankers amid a downturn in dealmaking as the economy slows, according to a report. Last week, Goldman laid off nearly a dozen bankers in the prestigious technology, media and telecommunications division alone, according …
Goldman Sachs begins layoffs, targeting mid-level bankers Read More »