Nearly 73,000 Arkansans lost Medicaid coverage in April as pandemic-relief programs wind down nationwide. About 15 million people could lose Medicaid coverage around the country over the next year, as states start to determine eligibility for assistance after a provision under the 2020 federal COVID-19 public health emergency law expires in May. At least 93…
Nearly 73,000 Lose Medicaid Coverage in Arkansas as Pandemic Relief Expires
May 10, 2023
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Congratulations, Graduate! Now, Grow Your Wealth!
May 10, 2023
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Congratulations, new graduate! Now that you have your sheepskin in hand, it’s time to really grow up and start accreting personal wealth. But first, let’s assume a few things: 1. You’re not pursuing a graduate degree. 2. You have a plan to obtain whatever professional credentials or certifications you need or want. 3. You’re circumstances don’t…
UK Missed the Boat in Global Battery Race, Expert Tells MPs
Britain is falling behind in the race to develop an electric battery industry, a House of Commons committee heard on May 9, as it received evidence from an expert panel on battery materials. Business consultants and executives told the MPs during a Business and Trade Committee session that Britain has “missed the boat” in the…
Banks Tighten Lending Standards in Wake of Failures: Fed Survey
A Federal Reserve report Monday showed banks raised their lending standards for business and consumer loans after the collapse of three large banks. More lenders are tightening their standards in the wake of increasing turmoil within the banking sector, according to the Federal Reserve’s quarterly Senior Loan Officer Opinion Survey (SLOOS). The survey also found…
California Man ‘Lucky to Be Alive’ After Tesla Caught Fire on Highway
A man in California narrowly escaped a dangerous vehicle fire over the weekend, saying he is grateful to be alive after his electric vehicle (EV) suddenly caught fire while he was driving on a highway. “It’s just like all gone. I’m just so lucky to be alive … and I’m so glad that my family…
Your Social Security Checks Could Be Impacted Soon: Here’s Why
May 10, 2023
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Treasury Secretary Janet Warned that if the United States defaults on its obligations amid a congressional impasse over raising the debt ceiling, Social Security payments could be interrupted. “Treasury finds itself in the position where we’re unable to pay all of the bills that come due that day. And this would be really the first…
Manchin Vows to Block Biden EPA Nominees Over Upcoming Power Plant Rules
May 10, 2023
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As the Biden administration’s Environmental Protection Agency (EPA) prepares to issue stringent new power plant rules, Sen. Joe Manchin (D-W.Va.), is putting his foot down. “I fear that this Administration’s commitment to their extreme ideology overshadows their responsibility to ensure long-lasting energy and economic security and I will oppose all EPA nominees until they halt…
Bank of England Suffers From Groupthink, Peers Told
The Bank of England (BoE) needs to increase its intellectual diversity in order to combat groupthink, a House of Lords committee heard. Martin Wolf, chief economics commentator at the Financial Times, said members of the bank’s Monetary Policy Committee (MPC) appeared to have voted “all in lockstep for a very long time.” But the risk of…
IN-DEPTH: Inflation Still Too High for Fed to Start Lowering Rates, Experts Say
The latest inflation numbers are a mixed bag, accelerating sharply in monthly terms though easing a little in annual terms, with experts largely saying that the data remains too hot for the Federal Reserve (Fed) to start dropping interest rates. However, a pause in the rate-hiking cycle could be in the cards. While the annual…
Anheuser-Busch Stock Downgraded as It Deals With ‘Bud Light Crisis’
Anheuser-Busch InBev was downgraded on Wednesday by an HSBC analyst who said the firm is now dealing with a “Bud Light crisis” after the company produced a can with the face of a transgender influencer last month, sparking widespread backlash. Carlos Laboy, with the banking giant, downgraded the company’s stock to “hold,” saying there are…
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