The dollar shuddered to its lows for the year on Thursday as a drumbeat of hawkish comments from major central banks signalled the era of easy money might be coming to an end.Read More »
Republicans are touting lower premiums under their health care legislation, but that reflects insurance that would cover a smaller share of the cost of medical bills. Premiums under the Senate bill would average about 30 percent lower in a few years, the nonpartisan Congressional Budget Office said in its analysis this week. Overlooked is that the lower premiums envision a switch to "bronze" plans that now come with a $6,000 individual deductible, much higher than the current standard "silver" plan with a $3,600 deductible.
Oil prices are rising after higher than expected oil inventory numbers. Data from the Energy Information Administration show a slight increase of 0.118 million barrels, compared to Wall Street's expected draw of 2.585 million barrels from the US commercial crude inventories. Click here to watch the price of oil live...
The richest people on the planet just added new members to their exclusive club. The world’s ultra-high net worth population — individuals with $30 million or more in assets — grew by 3.5% to 226,450 individuals in 2016 after a sharp fall a year earlier, according to new data by global wealth consultancy Wealth-X. Their combined wealth also increased in 2016 by 1.5% to $27 trillion. There were sharp regional fluctuations in dollar-denominated wealth creation last year, with North America (up 5.1%) recording the only significant rise in wealth, followed by Asia (up 3.5%). “The picture was subdued in Europe, with the ultra wealthy population and its total wealth edging slightly lower, while fortunes