Paying for health care is increasingly straining US adults as escalating medical costs converge with rising prices throughout the economy. More than half of working-age Americans said they had difficulty paying for health care in 2023, according to a Commonwealth Fund survey published Thursday. Among people without insurance, more than...
Bitcoin has jumped on bets that the first US exchange-traded funds investing directly in the token are set to be approved. The question now is whether an actual green light for the products would spur some profit-taking. The largest digital asset is up 16% this week and at one point...
JPMorgan Chase & Co. has appointed global co-heads of mergers and acquisitions for its team catering to large private equity firms and other financial investors. Haidee Lee and Carsten Woehrn will co-lead M&A for the bank’s strategic investor group, according to an internal memo seen by Bloomberg News. The group,...
New standards for the global carbon offsets market threaten to wipe out “a lot” of value for investors, according to Lombard Odier. In an attempt to improve the quality of the $1.3 billion market for offsets, the Integrity Council for the Voluntary Carbon Market’s new guidelines require projects to include 40 years of emissions...
US equity-index futures dropped after Microsoft Corp. and Google’s parent Alphabet Inc. delivered a mixed picture of big tech earnings. Contracts on the Nasdaq 100 sank 0.6% and those on the S&P 500 were down 0.4%. Alphabet fell more than 7% in premarket trading after its cloud unit reported a...
The war between Israel and Hamas is adding more tension in a world already riled with unrest, according to the head of the International Monetary Fund. “What we see is more jitters in what has already been an anxious world,” IMF Managing Director Kristalina Georgieva said at the Future Investment...
Top US banking regulators have updated decades-old rules that are meant to tackle redlining and boost lending to lower-income areas. Under Tuesday’s plan, the landmark 1977 Community Reinvestment Act will for the first time cover online and mobile banking services. That means the grades that regulators give firms for lending...
Beijing has pumped a record amount of short-term cash into its financial system to shore up lending in recent days, only to elicit a refrain familiar to China watchers this year — not enough, more required. Signals in the money market show traders expect borrowing costs to remain elevated for the...
Hui Ka Yan has already lost his freedom. Now, China Evergrande Group’s founder is no longer a billionaire. Hui’s net worth has fallen to $979 million, according to the Bloomberg Billionaires Index, with shares of his debt-laden real estate firm trading at just HK$0.24 (3 cents) each. Shares of China Evergrande...
Top Wall Street bankers said they’re pessimistic about the outlook of the global economy next year with elections in the US, monetary policies and escalating Middle East tensions weighing on sentiment. “If you take the time horizon, the monetary policies that we are going to see will have greater effects...