BlueCross BlueShield of Vermont in financial crisis – Burlington Free Press
Blue Cross Blue Shield of Vermont Vermont’s largest health insurer, with 66% market share, is on the brink of bankruptcy due to dwindling reserves, state officials say. Vermont Department of Financial Regulation Commissioner Kevin Gaffney said Friday he is confident BCBSVT will remain solvent and that it is his department’s responsibility to ensure that happens. […]
Donald Trump shakes the financial order at the Bitcoin Conference
When President Donald J. Trump took to the stage in Nashville on Saturday to deliver an impassioned speech to thousands of raucous attendees, it was a historic moment in bitcoin and international finance history, as it marked the first time a leading presidential candidate (sorry to RFK Jr., who spoke on Friday) has fully defended […]
Gen Z can help Amex keep its premium billing – Financial Times
Get your free copy of Editor’s Digest FT editor Roula Khalaf picks her favourite stories in this weekly newsletter. American Express is on a roll. The credit-card group’s shares have risen 75% since late October, handily outpacing the S&P 500’s 35% gain. The company’s shares trade at 18 times forward earnings, more than double the […]
‘Government must act to avoid retirement crisis’ – Financial Times
Stay up to date with free updates Just sign up pension myFT Digest – delivered straight to your inbox. Pension experts have warned that British workers risk a “retirement crisis” unless the Government increases contributions into workplace pension schemes, a measure omitted from Labour’s pensions bill in the King’s Speech. The government’s pension reform proposals, […]
Biden’s Wrecking Ball for Financial Privacy
Estimated Reading Time: 5 minutes The Biden administration is seeking to compel banks to report to the IRS any bank account with more than $600 in transactions per year. This proposal is a linchpin of Biden’s American Families Plan, and will supposedly help generate almost $500 billion in federal revenue over the next decade. But […]
Trading disrupted as outage hits banks and brokers – Financial Times
Stay up to date with free updates Just sign up Financial Services myFT Digest – delivered straight to your inbox. Global banks, brokerages and financial technology companies including JPMorgan Chase, UBS and Bloomberg were affected by a global IT outage on Friday, leaving some traders unable to access systems to process trades. JPMorgan’s trade execution […]
Bob Iger Decides To Hit Final Nail In Financial Coffin By Buying Stake In Women’s Soccer
Disney CEO Bob Iger decided to hit the final nail in his financial coffin Wednesday after buying into a deal with Angel City Football Club (ACFC) … a women’s soccer team. Either Iger is actually the biggest idiot in the room, or a freaking genius of electric proportions after partnering with USC Annenberg School for […]
ESG Financial “Leaders” Live In La-La Land
Estimated Reading Time: 2 minutes This week, I virtually attended “The ESG Leadership Forum 2022” co-hosted by the Wall Street Journal Trust and Nasdaq. Panel discussions covered everything from accelerating the energy transition to how to model climate risks into climate strategy to getting to net-zero with tips on how to “actually deliver” on ESG […]
Joe Scarborough calls for Biden to drop out, says aides keeping him in race for ‘financial’ reasons
MSNBC’s Joe Scarborough on Thursday called on President Biden to end his reelection campaign, with the TV host blasting the president’s aides for keeping him in the race. “If this drags on, it’s not going to be a good thing,” Scarborough said in a lengthy speech on his talk show, “Morning Joe.” Scarborough, who has […]
Stocks making the biggest moves after hours: United Airlines, Discover Financial Services, Kinder Morgan and more – CNBC
Here’s a look at some companies that were making waves in after-hours trading: Discover Financial Services — Shares rose 2.7% after Discover Financial Services reported second-quarter results. The banking and payments company reported net interest income of $3.52 billion, beating the FactSet consensus estimate of $3.46 billion. Earnings per share of $6.06 beat analysts’ estimates […]