Archive by category Markets

Long-term care for seniors is on life support

Long-term care for seniors is on life support

This August, two of the country’s biggest insurance companies, MetLife (MET) and Unum (UNM), will be front and center before the Florida insurance commissioner. They’ll have to explain why they’re asking some of their 70,000 policyholders for double the amount they paid in premiums last year. Florida Insurance Commissioner David Altmaier is taking issue with […]

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Why U.S. stocks have fallen 7 days in a row

Why U.S. stocks have fallen 7 days in a row

The smooth and steady uptrend investors enjoyed out of the late June market low has been replaced by a persistent, nagging selloff. Tuesday marked the seventh straight loss for the Dow Jones Industrial Average as crude oil closed below the $40 a barrel handle for the first time since April. Investors have also been disappointed […]

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Obama’s bull market: Stock winners and losers

Obama’s bull market: Stock winners and losers

As Barack Obama winds down his time in the White House, his administration is presiding at a time when the U.S. stock market is engaged in the second-longest bull run on record. Whether the president deserves credit for that surge is a view that likely depends on one’s politics, but there’s no arguing with the […]

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Ford’s profit falls on trouble in U.S., China

Ford’s profit falls on trouble in U.S., China

DEARBORN, Mich. – Ford Motor Co.’s (F) net income fell 9 percent to $2.0 billion in the second quarter as the company struggled with flattening U.S. sales and a tougher market in China. Ford said that its full-year guidance — which calls for a pretax profit of $10 billion to $11 billion — remains intact […]

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The only reason the U.S. economy isn’t crashing

The only reason the U.S. economy isn’t crashing

Consumers may be the only thing stopping the U.S. economy from slipping back into recession. Perhaps the only bright spot in the latest gross domestic product data, which showed that the economy grew at much weaker than expected 1.2 percent annualized rate between April and June, is that Americans kept spending. Negatives included a decline […]

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Debt collectors face a major federal rule overhaul

Debt collectors face a major federal rule overhaul

NEW YORK – The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion-dollar debt-collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what’s owed and give people more ability to dispute their bills. It would be the biggest overhaul of the […]

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