Monthly Archives: October 2022

A student-loan company is ‘prioritizing profits over people’ by remaining ‘seemingly complicit’ in GOP efforts to sue Biden’s debt cancellation plan, Cori Bush says

Rep. Cori Bush (D-MO). Greg Nash-Pool/Getty Images Missouri-based student-loan company MOHELA is involved in a GOP lawsuit suing Biden’s debt relief. Missouri Rep. Cori Bush called on the company to stop “prioritizing profits over people.” A judge heard arguments for the case on Wednesday and will decide soon whether to halt the plan. A Democratic…

Maryland Gov. Larry Hogan takes aim at Biden and ‘performative’ DeSantis amid speculation he’s eyeing a 2024 run

Left to right: Democratic President Joe Biden, Republican Gov. Larry Hogan of Maryland, and Republican Gov. Ron DeSantis of Florida. Alex Brandon/AP Images, William B. Plowman/NBC via Getty Images, and Joe Raedle/Getty Images Maryland Gov. Larry Hogan is a Republican centrist who’s name comes up frequently for 2024.  He bashed DeSantis over flying migrants to…

Insurance Technology Spend Forecast: What’s Driving Growth for P&C and Life Insurers in the US, UK, and Canada

US, UK, and Canadian insurers are striving to digitize their entire businesses to enhance their customer experience and cut costs.  And overall IT/tech spend will begin climbing again from 2020 to 2024 across both insurance lines in all three countries. You can learn more in our Insurance Technology Spend Forecast. Do you work in the…

Investors think the odds of a 75-basis-point rate hike at the December Fed meeting have doubled after the September inflation report

Fed Chair Jerome Powell. Eric Baradat/Getty Images Investors pushed up expectations that the Federal Reserve at its December meeting will deliver another rate hike of 75 basis points.  The odds for another three-quarter point increase jumped to 61.8% from 32.5% a day ago.  The move came after September core inflation rose to 6.6%, which marked…

Inflation will stay elevated for the next decade after years of underinvestment in energy, sticky wage inflation, and aging demographics, BofA says

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020. Andrew Kelly/Reuters Investors should get used to Thursday’s hot CPI report after more than a decade of sub-2% inflation readings, according to Bank of America.The bank highlighted years of underinvestment in energy production, sticky…

Martin Scorsese is sick of hearing about how much money movies make and says it’s ‘really insulting’ to cinema

Martin Scorsese at this year’s New York Film Festival. Arturo Holmes/Getty Images Martin Scorsese said at the New York Film Festival on Wednesday that cinema is being “belittled.” He thinks the “focus on numbers” — a movie’s box office performance — is “repulsive” and “insulting.” The theatrical business is under the microscope as it tries…