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Health insurance premiums rose nearly 3x the rate of worker earnings over the past 25 years
Health insurance premiums in the U.S. significantly increased between 1999 and 2024, outpacing the rate of worker earnings by three times, according to our newly published research in the journal JAMA Network Open.Premiums can rise...
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How keeping down borrowing costs for mortgages and other loans is built into the Fed’s ‘dual mandate’
What’s the point of monetary policy?For most of us, the main impact tends to be how much we have to pay to borrow to buy a house or car. But for the Federal Reserve, the...
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Netflix-Warner deal would drive streaming market further down the road of ‘Big 3’ domination
When it comes to major U.S. industries, three tends to be the magic number.Historically, auto manufacturing was long dominated by Chrysler, Ford and General Motors – the so-called “Big Three,” which at one point controlled...
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The science behind failing up in corporate America | Fortune
History is crowded with CEOs who have flamed out in very public ways. Yet when the reckoning arrives, the same question often lingers: How did this person keep getting promoted? In corporate America, the phenomenon is known as “failing up,” the...
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Binance has been proudly nomadic for years. A new announcement suggests it has finally chosen a headquarters | Fortune
For years, Binance has dodged questions about where it plans to establish a corporate headquarters. On Monday, the world’s largest crypto exchange made an announcement that indicates it has chosen a location: Abu Dhabi, the capital of the United...
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Trump says Netflix-Warner Bros. deal ‘could be a problem’ | Fortune
President Donald Trump raised potential antitrust concerns for Netflix Inc.’s planned acquisition of Warner Bros. Discovery Inc., noting that the market share of the combined entity may pose problems. “Well, that’s got to go through a process, and we’ll see...
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OpenAI goes from stock market savior to burden as AI risks mount | Fortune
Wall Street’s sentiment toward companies associated with artificial intelligence is shifting, and it’s all about two companies: OpenAI is down, and Alphabet Inc. is up.The maker of ChatGPT is no longer seen as being on the cutting edge of...
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Leaders in Congress outperform rank-and-file lawmakers on stock trades by up to 47% a year, researchers say | Fortune
Jason Ma -
Stocks held by members of Congress have been beating the S&P 500 lately, but there’s a subset of lawmakers who crush their peers: leadership.According to a recent working paper for the National Bureau of Economic Research, congressional leaders outperform...
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Jerome Powell faces a credibility issue as he tries to satisfy hawks and doves on the most divided Fed in recent memory | Fortune
Jason Ma -
With the Federal Reserve split between increasingly hawkish and increasingly dovish policymakers, Chairman Jerome Powell is due to perform some serious log-rolling when the central bank meets this week.Another rate cut is a near certainty after the Fed meeting...
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Republican lawmakers in Indiana face ‘a very dangerous and intimidating process’ as threats pile up while Trump pushes redistricting | Fortune
Spencer Deery’s son was getting ready for school when someone tried to provoke police into swarming his home by reporting a fake emergency.Linda Rogers said there were threats at her home and the golf course that her family has...
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Myanmar: More than 30 dead after military air strike hits hospital
At least 34 people have died and dozens more are injured after air strikes from Myanmar's military hit a...