Medicare premiums will drop next year. Here’s how much you’ll save.

America’s seniors are getting some good news about their health care expenses for 2023, with Medicare announcing that premiums for its Part B plan will drop next year by about 3%. The drop in pricing for Medicare’s Part B plan, which covers routine doctor visits and other outpatient care, comes after seniors grappled with a … Read more

Virginia Gov. Youngkin predicts GOP midterm wins could help ease recession fears

Glenn Youngkin speaking at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Virginia Gov. Glenn Youngkin predicts that Republican gains in the 2022 midterms could help curb recession fears. “I think that will be a calming influence. Now instead of having single-party government, we have divided government and we could end up with, … Read more

Billionaire investor Ray Dalio says UK’s economic plan ‘suggests incompetence’

Ray Dalio, founder of Bridgewater Associates LP, speaks during a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, May 25, 2022. Bloomberg | Bloomberg | Getty Images The financial market turmoil resulting from the U.K. government’s spending plan “suggests incompetence,” according to billionaire investor Ray Dalio.  “I … Read more

One-way economy flights from Moscow to Dubai are nearly $5,000 as Russians flee mobilization call

The airline industry has been hamstrung by a perfect storm of challenges over recent weeks, from labor shortages and supply disruptions to rising fuel prices. Sopa Images | Lightrocket | Getty Images DUBAI, United Arab Emirates — One-way economy flights from Moscow to Dubai are going for as much as $5,000 and many have completely … Read more

5 things to know before the stock market opens Wednesday

Traders on the floor of the NYSE, Sept. 27, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Looking for a bottom For a while it looked hopeful U.S. stock markets had fallen as far as they could this year. Since June, stocks had been … Read more

Mary Daly says the Fed does not want to tip U.S. economy into downturn

Mary Daly, president of the Federal Reserve Bank of San Francisco, speaks during a Bloomberg Television interview in San Francisco, California, US, on Thursday, Aug. 11, 2022. David Paul Morris | Bloomberg | Getty Images San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is “resolute” about bringing … Read more

What another interest rate hike could mean for the economy, consumers

What another interest rate hike could mean for the economy, consumers – CBS News Watch CBS News The Federal Reserve raised interest rates by three-quarters of a percentage point for the third consecutive time this year in an effort to curb inflation. CBS News business analyst Jill Schlesinger explains what’s behind the move and what … Read more

Investors react to bear market concerns on Wall Street

Investors react to bear market concerns on Wall Street – CBS News Watch CBS News The Dow has given investors further confirmation that it is in a bear market. CBS News’ Lana Zak and Lilia Luciano speak with Neil Irwin, chief economic correspondent for Axios, on what those concerns could mean for Americans’ financial interests. … Read more

Stocks making the biggest moves midday: Hertz, Ford, Keurig Dr Pepper and more

Check out the companies making the biggest moves midday: Hertz — Shares of the rental car company jumped 4.42% after the company announced a partnership with BP’s electric vehicle charging unit that will put thousands of charging stations at Hertz locations. Many of the stations will be used to charge Hertz’s growing fleet of electric … Read more

Consumers gaining confidence as gas prices slide

U.S. consumers grew more confident for the second month in a row as gas prices continued to fall. The Conference Board said Tuesday that its consumer confidence index rose to 108 in September, from 103.6 in August. The back-to-back monthly increases follow three straight monthly declines as American households were hammered by rising prices, particularly … Read more