No Federal Reserve officials thought it’d be appropriate to begin cutting rates in 2023, and officials worried that easing in financial conditions could complicate the central bank’s efforts to bring down inflation, according to internal discussions at their policy meeting three weeks ago. Minutes from the central bank’s December policy meeting released Wednesday showed while … Read more
Millions of people who enrolled in the Medicaid public health insurance program during the Covid pandemic could lose their coverage in the spring if their state determines they no longer meet the program’s eligibility requirements. Enrollment in Medicaid surged 30% to more than 83 million people during the pandemic, after Congress basically barred states from … Read more
Pictured here on Dec. 28, 2022, is gymnasium-turned-fever clinic in Fuzhou, Fujian province. Wang Dongming | China News Service | Getty Images BEIJING — It’s unlikely that a dangerous new Covid-19 variant is spreading in China, said Dr. Chris Murray, Seattle-based director of a health research center at the University of Washington. His comments Friday … Read more
Warning: BY is at high risk of cutting its dividend Source link
The $280 billion convertibles sector is replete with 10%-plus yields on many issues. There is a risk in these high-yielders, but they can offer nice appreciation potential and a good alternative to the issuer’s common stock. Converts are bond/stock hybrids that can offer a combination of the downside protection of bonds and the upside potential … Read more
(Bloomberg) — Under the surface of one of the quietest weeks on Wall Street all year, some money managers are renewing speculative bets, hoping against hope that a more friendly — or at least less-hostile — Fed, is back in their corner. Most Read from Bloomberg Sure, they’re getting ready to close out the worst … Read more
Warning: PBR is at high risk of cutting its dividend Source link
Alibaba and other Chinese tech stocks appear to have reversed a brutal two-year slide this month. Investors betting on a rebound may be ignoring the risk of China’s “zero Covid” policies and just how much more these stocks could be hurt. Alibaba (ticker: BABA) lost almost half its value in 2021 as, along with the … Read more
Ford Motor Co. is recalling over 634,000 SUVs worldwide because a cracked fuel injector can spill fuel or leak vapors onto a hot engine and cause fires. The recall covers Bronco Sport and Escape SUVs from the 2020 through 2023 model years. All have 1.5-liter, three-cylinder engines. The Dearborn, Michigan, automaker said Thursday it’s not … Read more
Starling — a digital bank based in the United Kingdom — is the latest financial institution to ban crypto-related transfers and activities for its cardholders. Starling customers will no longer be able to purchase cryptocurrencies like Bitcoin (BTC) or receive incoming transfers from crypto exchanges or merchants. The online bank announced the news in a … Read more