Genworth proposes rate hikes up to 233% for Maine policyholders – WGME
Augusta, Maine – Long-term care insurance company Genworth has proposed a significant interest rate hike for policyholders in Maine, offering an incredible 233% increase from a staggering 1.8%. According to the state's health department, about half, or about 1,200 individuals, could face a maximum increase of 233%, due to the impact of these proposed hikes. […]
Cuba’s Population Falls Under 10 Million Thanks to Birth Rate Collapse, Emigration — over 25% Are Age 60+
Over the weekend, Cuban Communist regime admitted that fewer than 10 million Cubans live in the country after the island nation lost more than 300,000 residents in 2024. The lowest The fertility rate recorded in Cuba over the past 60 years. Juan Carlos Alfonso Fraga, deputy chief of Cuba's National Statistics and Information Agency (ONEI), […]
Is 4.99% home loan rate as good as it gets? – RNZ
ASB has reduced many of its fixed-located mortgage fees in its fourth cut this year. photograph: RNZ / Marika Khabazi ASB is the latest bank offering mortgage rates below 5%, but is it as good as 4.99% to win this cycle? The bank said it had lowered many of its fixed home lending rates on […]
Fed worried about inflation worsening in pausing rate cuts
Federal Reserve officials at last month's meeting pointed to an increased risk that inflation could worsen. This is the main reason why we haven't changed the benchmark interest rates. President Donald Trump's proposed tariffs and massive immigrant deportation and strong consumer spending could boost inflation this year, according to minutes of the January 28-29 meeting […]
Kathy Hochul does apparent about-face on natural gas as NYC utility signals major rate hikes
New York Governor Kathy Hochul has approved permission to expand the capacity of major two-way pipelines despite years of pushing green policies, including a ban on the use of natural gas in new construction. . The Hochul administration has approved a permit to increase the capacity of the Iroquois Pipeline, a key 414-mile route from […]
January inflation gives Fed more reason to hold on interest rate cuts
Egg prices rose more than 15% in January. (ISTOCK)) Annual inflation rose to 3% in January, rising above expectations, giving the Federal Reserve further reason to slow interest rate cuts. According to the Consumer Price Index (CPI), inflation rose 0.5% each month, slightly above expectations, up over the previous month's 0.4% increase. Released by the […]
Why Trump Is Right That Tariffs and Rate Cuts Go Hand in Hand
How tariffs can push the Fed and lower interest rates? Heads that the president exploded across the financial media on Wednesday Donald Trump has declared that tariffs and lower fees are holding hands. Writing about the true society, Trump declared: “We need to lower our interest rates. This is something we'll be holding hands with […]
U.S. Inflation Surges To 3% In January, Slashing Hopes Of Interest Rate Cuts
Shoppers reach for a carton of eggs to customers to limit purchases in South Pasadena, California on February 10, 2025. The revival of the bird flu, which first hit the US in 2022, has ravaged customer farms, causing egg prices to rise and rattle consumers who are used to buying this meal staple for just […]
Consumer Prices Up 3% In January, Crushing Chances of Rate Cuts
In January, US inflation rose. The Labor Ministry said Wednesday that the Consumer Price Index (CPI) rose 0.5% from the previous month, up more than expected. Compared to a year ago, consumer prices have risen by 3%. Economists had expected the monthly inflation pace to 0.3% after prices rose 0.4% in December. The median forecast […]
Inflation Stayed Sticky in January, Keeping Fed Rate Cuts at Bay – The New York Times
US inflation rose to 3% in January, and the Federal Reserve stepped up its lawsuit to extend its suspension of interest rate cuts. The consumer price index jumped higher than expected, with data from the Labor Bureau of Statistics Office shown Wednesday, up 0.5%, the fastest monthly increase since December to August 2023. Last month, […]