1. Articles from cnbc.com

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    1. Retirees traveling check Medicare coverage to avoid costly surprises

      Retirees traveling check Medicare coverage to avoid costly surprises

      If you’re a retiree on Medicare and feel the itch to travel, be sure you know whether your insurance plan can go with you.

      Whether you want to hit the road for a U.S.-based trip or head overseas, coverage at your destination hinges on the specifics of your Medicare plan. The nature of your care — routine or emergency — also may play a role.

      Read Full Article
    2. Medicare Part B premium reduction won’t happen this year

      Medicare Part B premium reduction won’t happen this year

      Your Medicare Part B premiums won't be reduced this year, the government has announced. After being directed by Health and Human Services Secretary Xavier Becerra in January to reassess this year's $170.10 standard monthly premium — a bigger-than-expected 14.5% jump from $148.50 in 2021 — the Centers for Medicare & Medicaid Services has released a report determining that a mid-year correction is not feasible.

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    3. The Fed’s favorite inflation measure rose 4.9% in April in a sign that price increases could be slowing

      The Fed’s favorite inflation measure rose 4.9% in April in a sign that price increases could be slowing

      The core personal consumption expenditures price index, the Fed’s preferred inflation gauge, rose 4.9% from a year ago in April, in line with estimates and a deceleration from March.
      Personal income rose slightly less than expected, but spending beat estimates as consumers tapped savings.
      Headline PCE rose just 0.2%, a sharp reduction from March’s 0.9% increase.

      Read Full Article
      Mentions: Sharp
    4. Crypto Scammers Took a Record $14 Billion in 2021

      Crypto Scammers Took a Record $14 Billion in 2021

      Scammers took home a record $14 billion in cryptocurrency in 2021, thanks in large part to the rise of decentralized finance (DeFi) platforms, according to new data from blockchain analytics firm Chainalysis . Losses from crypto-related crime rose 79% from a year earlier, driven by a spike in theft and scams. Scamming was the greatest form of cryptocurrency-based crime in 2021, followed by theft — most of which occurred through hacking of cryptocurrency businesses.

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    5. Stock futures are flat following tech sector sell-off

      Stock futures are flat following tech sector sell-off

      As investors continued to digest the news, as well as the impact of both rising inflation and the spread of the omicron Covid variant, they appeared to be rotating from high-growth tech names to consumer staples.

      “As the Federal Reserve turns more hawkish and expectations for higher interest rates rise, investors are lowering exposure to growth stocks,” said Jim Paulsen, chief investment strategist at The Leuthold Group. “Typically, growth stocks exhibit a higher duration compared to value stocks because a higher proportion of their cash flows will be received in the more distant future.”

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      Mentions: Federal Reserve
    6. The best ways to invest when inflation takes off

      The best ways to invest when inflation takes off

      “In general, inflation is usually negative for stocks,” said Amy Arnott, a portfolio strategist at Morningstar.

      Between 1973 and 1981, inflation rose by more than 9% a year. During the same period, stocks shed about 4% annually.

      But don’t panic — doing so has never helped an investor.

      That’s because these companies are often in industries, such as the financial and consumer staples sectors, that get hit less hard by inflation, Doll said, “These industries tend to perform better because they have more pricing power and are able to increase their prices with inflation better than other industries.”

      Other hedges to inflation include investing in real estate, gold and even cryptocurrencies, advisors say.

      Read Full Article
      Mentions: Morningstar ABLE
    7. SEC rejects VanEck ETF that sought to track bitcoin directly

      SEC rejects VanEck ETF that sought to track bitcoin directly

      The Securities and Exchange Commission announced Friday it rejected a bitcoin exchange-traded fund run by VanEck that would have directly tracked the digital currency’s price moves.

      The application was filed in March by the CBOE BZX Exchange, which wanted the SEC to make a rule change allowing it to list the VanEck bitcoin fund. The SEC said the CBOE had not done enough to demonstrate it could prevent fraudulent trading to protect investors.

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    8. Consumer price index October: Biggest inflation surge in more than 30 years

      Consumer price index October: Biggest inflation surge in more than 30 years

      Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday.

      The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. That compared with the 5.9% Dow Jones estimate.

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      Mentions: Labor Department
    9. September jobs report again shows unemployment benefits' muted role

      September jobs report again shows unemployment benefits' muted role

      The U.S. added 194,000 new payrolls and the labor force shrank by 183,000, according to the September jobs report issued Friday by the Bureau of Labor Statistics.
      The report is the first since federal unemployment programs ended on Labor Day.
      The data offers the latest evidence that pandemic-era benefits didn’t play a major role in disrupting the labor market, according to labor economists.

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    10. Americans are behind on retirement savings. Here's how to get on track

      Americans are behind on retirement savings. Here's how to get on track

      Most Americans aren't prepared for retirement. While most non-retired adults have some type of nest egg, only 36% think their retirement savings are on track, according to the Federal Reserve . A separate survey from the Insured Retirement Institute found that most workers don't have sufficient retirement savings and aren't putting enough aside to catch up. It's a problem that existed before the Covid-induced recession . For some, the pandemic exacerbated the issue.

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    11. Scammers have bilked consumers out of $545 million in Covid-related fraud

      Scammers have bilked consumers out of $545 million in Covid-related fraud

      Scammers have bilked Americans out of $545 million in Covid-related fraud since the beginning of 2020 in a range of schemes from online shopping to travel, according to the FTC. The agency received almost 589,000 consumer complaints associated with the pandemic from Jan. 1, 2020 to Aug. 30, 2021. Roughly 61% of the reports concerned fraud; the median loss was $380.

      Read Full Article
      Mentions: Robert Williams
    12. Restaurants grapple with vaccine mandates in tight labor market

      Restaurants grapple with vaccine mandates in tight labor market
      • Restaurants are navigating vaccine mandates during one of the most challenging hiring environments in decades.
      • Some have opted to encourage workers to be vaccinated, while others have had to mandate the shot due to local policies.
      • Between enhanced unemployment benefits, hesitancy surrounding Covid, child-care hurdles and more, the industry is already facing a shortage of available workers and adding a vaccine mandate to the picture could cut both ways.
      Read Full Article
      Mentions: Vaccine
    13. The Covid-19 Pandemic Prompted New Worries About Social Security. Here's How the Outlook Has Shifted With the Recovery

      The Covid-19 Pandemic Prompted New Worries About Social Security. Here's How the Outlook Has Shifted With the Recovery

      When the onset of the Covid-19 pandemic sent shock waves through the U.S. economy, its also prompted worries about how the ensuing downturn could affect Social Security. The program's trust funds were already running low. At the same time, the Social Security Administration was faced with the unprecedented task of moving its in-person services to mostly mail only.

      Read Full Article
    14. Unemployment benefits. Stimulus checks. Pandemic-era aid is ending

      Unemployment benefits. Stimulus checks. Pandemic-era aid is ending

      Although everyone wants to leave the pandemic behind, the loss of the financial relief many families received because of the crisis will be less easy to part with. Stimulus checks, more generous jobless benefits, expanded money to feed children and other aid and protections kept the worst at bay in many households, and made life more tolerable during a particularly dark period. The fact that so many Americans lived paycheck-to-paycheck before the pandemic made the relief all the more necessary.

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    15. You can generate tax-free income in retirement. Here are some options

      You can generate tax-free income in retirement. Here are some options

      When it comes to planning for retirement, it's important to consider how taxes could gnaw away at your nest egg once you reach your golden years. Assuming you've left work earnings behind you, any amount owed to the IRS will come out of your retirement savings or income. So the more strategies you can put in place to minimize or eliminate your tax bill, the more money you'll keep. Of course, getting there involves doing some work in advance.

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    16. Here are 3 Medicare surprises that can cost you thousands every year

      Here are 3 Medicare surprises that can cost you thousands every year
      • When it comes to Part B (outpatient care) and Part D (prescription drug coverage) you may encounter some surprise premium costs.
      • Roughly 7% (4.3 million) of Medicare enrollees pay more than the standard premiums for Parts B and D due to so-called income-related monthly adjustment amounts, or IRMAAs.
      • Late-enrollment penalties may also apply in some situations for Parts B and/or D.
      Read Full Article
    17. What to watch today: Stocks relatively flat after another S&P 500 record high

      What to watch today: Stocks relatively flat after another S&P 500 record high

      U.S. stock futures were mixed Friday, a day after modest gains pushed the S&P 500 to another closing record and the Dow Jones Industrial Average within 24 points from Monday’s record close. The Nasdaq was the real winner Thursday, logging a 1% gain on strength in tech names. The Nasdaq was less than 2% from its February record close. (CNBC)

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    18. Bernie Sanders aims to lower Medicare eligibility age in recovery bill

      Bernie Sanders aims to lower Medicare eligibility age in recovery bill

      U.S. Senator Bernie Sanders  hopes to include a Medicare expansion in Democrats' upcoming economic recovery plan. The Vermont independent and Senate Budget Committee chair hopes to lower the eligibility age for coverage to either 60 or 55 from the current 65, a Sanders aide confirmed Friday . Sanders also wants to ensure Medicare covers dental visits and glasses, among other medical needs.

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    19. What to know about unemployment benefits in the new relief package

      What to know about unemployment benefits in the new relief package

      President Joe Biden signed into law the American Rescue Plan Act on Thursday, which includes a new round of stimulus checks, expands the child tax credit and puts funds into vaccine distribution. The $1.9 trillion rescue package also continues federally enhanced unemployment at $300 per week until Labor Day and adds a new tax waiver for some families.

      Read Full Article
      Mentions: Joe Biden Vaccine
    20. Stimulus check scams: here are red flags to watch for

      Stimulus check scams: here are red flags to watch for

      Americans lost over $211 million to Covid-19 scams and stimulus payment fraud, according to the Federal Trade Commission. Since January, the agency has received over 275,600 complaints. 

      While fraud activity is down from the highs recorded earlier in the year, it will likely pick back up now that President Donald Trump has signed the $900 billion pandemic relief package, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021. 

      Read Full Article
    21. Bipartisan Covid measure adds PPP for small businesses and tax breaks

      Bipartisan Covid measure adds PPP for small businesses and tax breaks

      Small business owners with battered finances might be in line for additional funding from the Paycheck Protection Program.

      On Wednesday, lawmakers from both sides of the aisle circulated a summary of their $908 billion emergency Covid relief package.

      The proposal sets aside $300 billion for the Small Business Administration, the federal agency responsible for overseeing the Paycheck Protection Program – a forgivable loan that was created through the CARES Act.

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    1-24 of 144 1 2 3 4 5 6 »
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