Business

US finalizes 2.48% Medicare Advantage payment hike; insurance stocks surge

Monday, April 6 by SRN News

April 6 (Reuters) - The U.S. government has finalized a 2.48% average increase in payments to private insurers offering Medicare Advantage plans to older adults in 2027, a much steeper rise than the near-flat increase it proposed in January. Shares of UnitedHealth, CVS and Humana... Read More.

Seeking signals from the noise

Monday, April 6 by SRN News

By Jamie McGeever ORLANDO, Florida, April 6 (Reuters) - Wall Street and the Asian stock markets that were open ticked higher on Easter Monday, as investors shrugged off another rise in oil prices and more belligerent rhetoric from U.S. President Donald Trump on Iran, and... Read More.

CBS to sell late-night hours to Byron Allen as Colbert show ends

Monday, April 6 by SRN News

April 6 (Reuters) - CBS said on Monday it was turning its 11:35 p.m. ET post-local-news timeslot into a time buy, selling it to Byron Allen, after the end of Stephen Colbert's late-night program in May. Paramount Skydance-owned CBS will move Allen's comedy talk show,... Read More.

War in Middle East will lead to slower growth, higher inflation, IMF chief tells Reuters

Monday, April 6 by SRN News

By Andrea Shalal WASHINGTON, April 6 (Reuters) - The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund told Reuters on Monday, ahead of a fresh forecast for the world economy planned by... Read More.

White House says increased productivity means Fed can cut rates

Monday, April 6 by SRN News

April 6 (Reuters) - White House economic adviser Kevin Hassett told CNBC on Monday that he believes a "supply shock" in the U.S. economy caused by capital spending and higher productivity from artificial intelligence will allow the Federal Reserve to lower interest rates. "If we... Read More.

Barings’ private credit fund limits withdrawals after redemption requests surge

Monday, April 6 by SRN News

April 6 (Reuters) - A private credit fund managed by Barings capped withdrawals at 5% of shares after a surge in redemption requests, the latest in a series of similar moves by asset managers in recent months. Investors in the Barings Private Credit Corp fund... Read More.

Maker of Stanley tumblers prevails in lawsuit over lead scare

Monday, April 6 by SRN News

By Jonathan Stempel April 6 (Reuters) - A federal judge dismissed a proposed class-action lawsuit accusing the maker of Stanley tumblers of concealing that the popular water bottles contained lead. In a decision on Friday, U.S. District Judge Tana Lin in Seattle said consumers did not... Read More.

Fed’s Goolsbee, Hammack say inflation is flashing ‘orange,’ or worse

Monday, April 6 by SRN News

By Ann Saphir April 6 (Reuters) - Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation as a far bigger problem than employment, underscoring their support for tighter rather than looser monetary policy as the Iran war puts upward... Read More.

JPMorgan CEO Dimon: Iran war could reignite inflation and keep Fed rates higher for longer

Monday, April 6 by SRN News

NEW YORK (AP) - JPMorgan Chase CEO Jamie Dimon warned in his annual shareholder letter that a "resilient" U.S. economy could face renewed inflation pressures if the war in Iran disrupts global energy markets. Dimon described inflation as the potential "skunk at the party" this... Read More.

Global equity funds draw second weekly inflow amid war de-escalation hopes

Monday, April 6 by SRN News

April 6 (Reuters) - Investors bought global equity funds worth a net $15.02 billion in the March 26-April 1 period, logging a second straight week of inflows, on hopes that the U.S.-Israeli war with Iran could soon de-escalate. Global equity funds received inflows of roughly... Read More.

Current Weather

US finalizes 2.48% Medicare Advantage payment hike; insurance stocks surge

Seeking signals from the noise

CBS to sell late-night hours to Byron Allen as Colbert show ends

War in Middle East will lead to slower growth, higher inflation, IMF chief tells Reuters

White House says increased productivity means Fed can cut rates

Barings’ private credit fund limits withdrawals after redemption requests surge

Maker of Stanley tumblers prevails in lawsuit over lead scare

Fed’s Goolsbee, Hammack say inflation is flashing ‘orange,’ or worse

JPMorgan CEO Dimon: Iran war could reignite inflation and keep Fed rates higher for longer

Global equity funds draw second weekly inflow amid war de-escalation hopes

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