How Insurers May Be Impacted by the Health Care Law May 24 (Bloomberg) -- Meghan Hughes reports on a health care ruling coming in June and its impact on health care insurers. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg) TV Channel Finder ZIP is required for U.S. locations Bloomberg Television in change Continue reading →
NEW YORK (CNNMoney) -- Buying a home got even cheaper this week as interest rates on the 30-year fixed-rate mortgage set a record low for the fourth week in a row. The 30-year fixed mortgage, the most popular mortgage product, dipped slightly to 3.78% from 3.79% last week, according to a weekly survey by Freddie Mac. Last year, 30-year loans averaged 4.60%. The new low can save borrowers $48 a month for every $100,000 borrowed. Over a 30-year term, that comes to $17,217 compared to last year. The 15-year fixed mortgage, which is popular among those looking to refinance, held steady at 3.04%, according to Freddie Mac's survey. That's down from 3.78% a year ago. Affordable mortgages, combined with much lower home prices, should help ... Continue reading →
Shelby on Dodd-Frank, Jamie Dimon Testimony May 22 (Bloomberg) -- U.S. Senator Richard Shelby, an Alabama Republican, talks about the prospects for financial regulation following the $2 billion trading loss by JPMorgan Chase & Co. Shelby, speaking to Megan Hughes on Bloomberg Television's "Bottom Line,” also discusses the outlook for testimony by Jamie Dimon, chief executive officer of JPMorgan, before the Senate Banking Committee next month. (Source: Bloomberg) TV Channel Finder ZIP is required for U.S. locations Bloomberg Television in change Continue reading →
President Obama’s attacks on free enterprise have triggered a backlash among many—even among those in his own party. In just the past few days, everyone from former advisors to his own surrogates have criticized the Obama campaign’s attack on free enterprise. With no record to run on, it is no surprise that the Obama campaign has resorted to misleading attacks that have been disavowed by its own supporters. Continue reading →