Sunil Sahil
Health insurer Cigna Group reports that it has struck a deal with the US on allegations that it overcharged the government’s Medicare Advantage programme by fabricating patient illness. The Friday settlement includes a payout of nearly $172 million from Cigna. The U.S. Office of Inspector General and Cigna will sign a corporate integrity agreement, according … Read more
Everyone is stressed out about the impending government shutdown. Here in California, we fear that if Congress doesn’t find a compromise by Saturday at midnight in Washington, there will be lengthier wait times at airports and national sites like Joshua Tree may be forced to close. Republicans in the House must band together and quickly … Read more
The agreement to welcome six new members – Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE – who will formally join the organisation on January 1, 2024, was the main accomplishment of the 15th BRICS summit. The bloc’s most ardent supporter, Chinese President Xi Jinping, called the membership expansion “historic.” “It demonstrates the BRICS … Read more
After several days in which a shutdown appeared all but certain, Congress moved quickly on Saturday to overcome a financial shortfall and postpone Washington’s spending debates until later this fall. With three hours left before a deadline of midnight, the Senate finally voted on the issue of funding for Ukraine after one more postponement on … Read more
30 September (Reuters) US stocks are trembling due to rising bond yields, and some investors are concerned that the highly valued shares of large technology and growth businesses could be another weakness. This year, the broader markets have been driven higher by seven megacap stocks: Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta Platforms. As … Read more
The current level of American debt is $33 trillion, which some politicians, financial experts, and regular people think astoundingly high. So much so that budget hawks in the US House of Representatives may start a government shutdown on October 1 in an effort to control spending. However, as Nobel Prize-winning economist and New York Times … Read more
As rising petrol prices limit spending and the credit card default rate rises to its highest level in more than a decade, the US consumer is beginning to crumble. And that’s before October, when student loan payments resume. In September, a gauge of consumer confidence hit a four-month low as Americans struggled under rising prices … Read more
Under the Affordable Care Act (ACA), sometimes known as Obamacare, Medicaid expansion has emerged as a crucial political issue. The Supreme Court decided in 2012 to defer to state authority on whether to approve the ACA’s expansion. Ten states still haven’t extended Medicaid in the ensuing ten years. That corresponds to more than 2 million … Read more
As the pattern suggests, Nikhil Vikamsey, Senior Partner at Alpha Capital, predicts that the US Dollar Index will trade around 111 by the end of the calendar year. The belief that the US economy will be more resilient to higher interest rates and oil prices than other economies has helped the dollar rise. He believes … Read more
At a news conference following the Federal Reserve’s September meeting, Chairman Jerome Powell was asked if he would state that a “soft landing” was his base case for the American economy. “No. He frankly informed reporters, “I would not do it. According to the economists on the staff of the Fed, but not Powell, the … Read more
