Latest Financial services News
Medicare Advantage shopping season arrives with a dose of confusion and some political implications
Thinner benefits and coverage changes await many older Americans shopping for health insurance this fall. That’s if their plan is even still available in 2025. More than a million people will probably have to find new coverage as major insurers cut costs and pull back from markets...
Stock market today: Dow sets a record as Wall Street drifts to the finish of another winning week
NEW YORK (AP) — U.S. stocks closed another record-setting week with a muted performance Friday, as hope built on Wall Street that the U.S. economy can manage the rare feat of suppressing high inflation without causing a recession. The S&P 500 edged down by 0.1% from its...
China redoubles first-aid for its economy with support for banks and workers
China is redoubling its first-aid for its economy, targeting banks, workers and poor families as the ruling Communist Party prepares to mark the 75th anniversary of the founding of the People’s Republic. Unconfirmed reports Thursday by the South China Morning Post and Bloomberg...
The IMF approves a $7 billion loan for Pakistan, which will get $1 billion immediately
ISLAMABAD (AP) — The executive board of the International Monetary Fund has approved a new $7 billion loan for cash-strapped Pakistan, authorities said Wednesday, more than two months after the two sides said they had reached an agreement. The loan — which Islamabad will receive...
Stock market today: Wall Street edges back from its record highs
NEW YORK (AP) — U.S. stocks edged back from their records Wednesday as financial markets around the world took a pause following big recent moves. The S&P 500 slipped 0.2% a day after setting an all-time high for the 41st time this year. The Dow Jones Industrial Average...
Southwest plans to cut flights in Atlanta while adding them elsewhere. Its unions are unhappy
DALLAS (AP) — Southwest Airlines plans to eliminate about one-third of its flights to Atlanta next year to save money as it comes under pressure from a hedge fund to increase profits and boost the airline’s stock price. The retreat in Atlanta, where Southwest is far smaller than...
The price of gold keeps climbing to unprecedented heights. Here's why
NEW YORK (AP) — The rush for gold just keeps coming. Gold hit another all time high this week. Recent gains for the precious metal are largely credited to ongoing economic uncertainty, geopolitical tensions and strong demand from central banks around the world. If...
Funds are cutting aid for women seeking abortions as costs rise
Organizations that help pay abortion costs are capping how much they can help as travel costs rise and the wave of “rage giving” that fueled them two years ago has subsided. Abortion funds, which have operated across the U.S. for decades, in many cases as volunteer groups, ramped...
Czech central bank cuts its key interest rate to 4.25%
PRAGUE (AP) — The Czech Republic’s central bank on Wednesday cut its key interest rate for the seventh time in a row as inflation remains low and amid the economy’s slow recovery. The cut, which had been predicted by analysts, brought the interest rate down by a quarter of a...
Stock market today: Wall Street drifts to more records after Chinese stocks soar
NEW YORK (AP) — U.S. stocks drifted to more records Tuesday after Chinese stocks soared following a slew of moves by the Chinese central bank to prop up the world’s second-largest economy. The S&P 500 rose 0.3% to set an all-time high for the 41st time this year. The...
