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Humana surprised Wall Street again on Thursday with a lower-than-expected earnings forecast as insurers that sell Medicare Advantage plans continue to struggle with rising care costs. Health insurance stocks tumbled last week after Humana also scaled back its 2023 profit expectations due to those rising costs. Humana said then that its Medicare Advantage patients used more inpatient care than it expected in November and December. The health insurer also saw more growth in care that doesn’t involve a hospital stay, like doctor visits and outpatient surgeries. Medicare Advantage plans are one of Humana’s biggest forms of coverage outside insurance it provides for military families and retirees.

Persons: Wall, Humana, UnitedHealth Organizations: Humana, Medicare, Inc, Humana Inc, Analysts, Elevance Health Locations: Louisville , Kentucky

☆ Humana stock plunges on dismal 2024 forecast, as insurers face soaring medical costs
▼ + stars: | 2024-01-25 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Photographer: Luke Sharrett/Bloomberg via Getty ImagesShares of Humana plummeted on Thursday after the health insurer issued dismal full-year earnings guidance, citing soaring medical costs that are dogging the broader insurance industry. The guidance adds to Wall Street's concerns about health insurance company profits falling as medical costs jump. UnitedHealth on Friday also reported its own jump in medical costs, though it was less extreme than Humana's. Its forecast dragged down other health insurance stocks. But unlike Humana, the insurer forecast 2024 earnings above estimates on Wednesday, after higher premiums in its commercial business helped control medical costs in the fourth quarter.

Persons: Luke Sharrett, Cigna, Humana Organizations: Humana Inc, Bloomberg, Getty, Humana, CVS Health, Elevance, Medicare Locations: Louisville , Kentucky, U.S

☆ Opinion: Donald Trump wins against Nikki Haley, but loses it
▼ + stars: | 2024-01-24 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +24 min

The problem with this approach is that most Republican voters do not want an alternative to Trump; they overwhelmingly back him. At least that’s what the Nikki Haley campaign said after finishing second to former President Donald Trump in the New Hampshire primaries on Tuesday. Democratic nominee Bill Clinton and third-party candidate Ross Perot exploited that division in the Republican Party against Bush in the fall. The Republican Party is united behind Trump, and with optimal conditions for an opponent like Haley, Trump was still unstoppable. “Democrats deserve options, and it’s not clear at all that President Biden can beat Donald Trump.

Persons: Raul A, Reyes, Nikki Haley’s, Nikki Haley, Donald Trump, bode, Reyes CNN Haley, Trump, Haley, “, CNN’s Dana Bash, That’s, it’s, Trump …, Nikki, –, She’s, Paul Begala, Donald Trump’s, Paul Begala CNN Trump, Joe Biden, Reagan, Bush, Bill Clinton’s, Clinton, Ana Marie Cox, Ana Marie Cox Faith Fonseca, ” Trump, Biden, Jamal Simmons, Biden’s, he’s, Dean Phillips, Jimmy Carter, Edward Kennedy, Kennedy, Carter, Republican Ronald Reagan, George H.W, Pat Buchanan, Bill Clinton, Ross Perot, Eugene McCarthy’s, Lyndon Johnson, Marianne Williamson, Sen, Bernie Sanders, Pramila, Kamala Harris, Daniel McCarthy, John McCain, George W, Ron DeSantis, Biden —, ”, Rizwan Virk, Williamson, Sanders, Andrew Yang, Dean Philips, Yang, ” Rizwan Virk, Patrick T, Brown, Barack Obama, Dozens, Scott Walker, Jeb Bush, South Carolina Sen, Tim Scott, Texas Sen, Ted Cruz, Florida Sen, Marco Rubio, John Kasich, Cruz, Sophia A, DeSantis, Nelson Stephanie Honikel, Harris, Nelson, Tuesday’s, Phillips ’, Phillips, Arick, Michael Bloomberg Organizations: CNN, GOP, South Carolina Gov, Republican, Reyes CNN, Trump, Independents, Polling, White, USA, Twitter, New, South, Biden, diehard Republicans, New Hampshire, Republican Party, Bush Republicans, NATO, Republicans, Democratic, Minnesota Rep, Hamas, Washington Rep, Former South Carolina Gov, mavericks, New Hampshire Democratic, Florida Gov, The, Syndicate, Democratic Party, Democrat, Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Wisconsin Gov, Ohio Gov, Public Policy Center, Economic, Florida’s, America, Trump Party, Congressional, UN, Tuesday’s New, Tuesday’s New Hampshire Democratic, Democratic National, Biden –, Medicare, New York Locations: Iowa, New Hampshire, South Carolina, America, Granite, Trump, Michigan, New Hampshire , Iowa, Austin, Israel, Vietnam, Granite State . South Carolina, Gaza, Yemen, Ukraine, Vermont, Wisconsin, Florida, Texas, Ohio, New York, Washington , DC, Virginia, Minnesota, Tuesday’s New Hampshire, Hampshire

The total for the latest open enrollment period marks a 30% increase from a year ago, based on past enrollment figures published by the health policy research organization KFF. Officials said the figures include 5 million new signups and more than 16 million people with 2023 ACA plan coverage. West Virginia, which has expanded Medicaid, saw the largest percentage increase in enrollment at 80%. “Marketplace coverage is very important to those in those states whose incomes are under 138% of poverty,” says Sara Collins, vice president for health care coverage and access and tracking health system performance for The Commonwealth Fund. “It is a reflection of the lack of Medicaid expansion in those states.”An analysis by KFF notes ACA health plan enrollment has increased each year during the Biden administration.

Persons: It’s, Xavier Becerra, “, ”, Sara Collins, KFF, Biden, Donald Trump, Trump, Cynthia Cox, Cox, signups, ” Cox, Collins, ” Collin Organizations: Biden, “, Social Security, Affordable, ” Department of Health, Human Services, District of Columbia, Commonwealth Fund, American Locations: Texas, enrollees, Florida, West Virginia, signups

☆ Eli Lilly's Zepbound is off to a strong start, but here's what needs to happen to push shares higher
▼ + stars: | 2024-01-24 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +8 min

Lilly's Mounjaro and Zepbound both use tirzepatide as an active ingredient, but Mounjaro is indicated for type 2 diabetes, while Zepbound aids weight loss. A rich valuation LLY 1Y mountain Eli Lilly shares over the past year. But even good news about Zepbound's launch might not be enough to propel Lilly's stock higher. Goldman's Shibutani has a neutral rating on Lilly shares and a price targe of $600, which implies shares could fall nearly 5% from they started the week. He has a buy rating on Lilly shares, and expects the stock could hit $700 over the next 12 months.

Persons: Eli Lilly's, Lilly, Goldman Sachs, Chris Shibutani, IQVIA, Shibutani, Lilly's, Mounjaro, Eli Lilly, Geoff Meacham, NASH, Meacham, there's, Morgan Stanley, Terence Flynn, Flynn, Morgan Stanley's, Michael Bloom Organizations: Food and Drug Administration, Zepbound, Novo Nordisk's, Medicare, Bank of America, Novo Nordisk, Bank of, FDA, CNBC Locations: Indianapolis, Mounjaro

☆ Medibank attack: Australia publicly names and sanctions Russian hacker Aleksandr Ermakov over data leak
▼ + stars: | 2024-01-23 | by ( Jessie Yeung | Hilary Whiteman | ) edition.cnn.com time to read: +4 min

Brisbane, Australia CNN —Australia has publicly named and imposed cyber sanctions on a Russian hacker for his alleged role in a 2022 ransomware attack, in the country’s first use of the penalty. At the time, the Australian Federal Police said investigators knew the identity of the attackers but declined to name them. On Tuesday, the Australian government revealed the name of the individual sanctioned — Russian national Aleksandr Ermakov, 33, an alleged member of the Russian ransomware gang REvil. When the Medibank attack took place later that year, experts said it could have been perpetrated by a REvil member — which Australian authorities confirmed on Tuesday. An initial ransom demand was made for $10 million (15 million Australian dollars).

Persons: Aleksandr Ermakov, “, ” Richard Marles, GCHQ —, Marles, “ REvil, ” Abigail Bradshaw, Medibank, — Organizations: Australia CNN —, Australian Federal Police, Medibank, Australian Signals Directorate, FBI, National Security Agency, NSA, United Kingdom’s, Microsoft, JBS Foods, Russia’s Federal Security Service, REvil, Australian Cyber Security, ” Locations: Brisbane, Australia, Australia CNN — Australia, Russian, United States

(AP) — A Democratic state lawmaker in Nebraska who unsuccessfully ran for governor two years ago is seeking a seat in the U.S. House. She hopes to challenge Republican Rep. Mike Flood, who served in the state legislature with Blood until he was elected to Congress. Blood was running for governor at the time, a race she lost to Republican Jim Pillen. “I’m running because we can do better and bring back a strong voice in D.C. that represents all Nebraskans, not the vocal minority,” she said. So far no other Democrats have filed for the primary or announced plans to run.

Persons: Sen, Carol Blood, Mike Flood, Flood, Jeff Fortenberry, Patty Pansing Brooks, Blood, Republican Jim Pillen, Clair Callan, “, ” Organizations: —, Democratic, U.S . House, Congressional, Republican, Blood, GOP, Bellevue City Council, Social Security Locations: OMAHA, Neb, Nebraska, U.S, Lincoln, McCook, Bellevue

On the 51st anniversary of Roe v. Wade, the Supreme Court case that enshrined a woman’s right to an abortion, Biden and Harris announced new rules and guidance about contraceptives and abortion and a national tour by Harris to call attention to the issue. Biden and Harris, as well as Democrats down the ticket are positioning themselves as the protectors of abortion rights and casting the Dobbs decision that left abortion access to the states as harmful to women. And Democrats have seen a series of victories in races and credit their position on abortion rights with getting voters to the polls. But, ballot measures to ensure abortion rights were passed in California, Michigan, Vermont while voters in Kansas, Kentucky and Montana voted down proposals that would have rolled back protections. Democrats hope the issue will propel Biden and Harris to victory in 2024.

Persons: Joe Biden, Kamala Harris, Roe, Wade, Biden, Harris, Xavier Becerra, Dobbs, ” Biden, “, Donald Trump Organizations: Democratic, Affordable, of Health, Human Services, Labor, Republican Locations: Ohio, Kentucky, Michigan, Kansas, California, California , Michigan , Vermont, Kansas , Kentucky, Montana, Wisconsin

☆ Haley’s Policy Pitch Recalls a Bygone Era Before Trump’s Rise
▼ + stars: | 2024-01-20 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

Nikki Haley is pitching voters on policies that recall an era when the Republican Party stood for a fiscal conscience and foreign policy leadership, at a time when the most sacred of federal programs and the international alliances that built the post-World War II era are under enormous strain. But the voice of contemporary Republican politics, Donald J. Trump, has been there to attack those appeals virtually ever day. On Tuesday, the voters of New Hampshire may decide whether the party can find a path back from Mr. Trump’s big government domestic policy and his isolationism abroad. Ms. Haley’s proposals to raise the retirement age for young workers and trim benefits for the wealthy while protecting Social Security and Medicare benefits for those at or near retirement may sound familiar to voters with any historical memory. Mr. Romney’s 2012 proposals were taken from the bipartisan commission assembled to address the budget deficit during Barack Obama’s presidency.

Persons: Nikki Haley, Donald J, Trump, Mitt Romney, Paul D, Ryan, George W, Bush’s, Romney’s, Barack Obama’s Organizations: Republican Party, Social Security, Social Locations: New Hampshire

☆ New Hampshire Primary: Wake-Up Call or Last Call?
▼ + stars: | 2024-01-19 | by ( Susan Milligan | ) www.usnews.com time to read: +7 min

Should Trump's lead hold, says Andrew Smith, director of the University of New Hampshire poll, Trump will become the first candidate – aside from sitting presidents – to win both the Iowa caucuses and the New Hampshire primary. "We're so far past the days when voters nationally were really just waking up" to the campaign debates in the early weeks of a presidential election year, says Dante Scala, a University of New Hampshire professor and author of the book "Stormy Weather: The New Hampshire Primary and Presidential Politics." New Hampshire GOP voters, however, are a different breed of Republicans, Smith says, focusing more on fiscal conservatism and small government. Haley has 36% support and DeSantis 6% backing among primary voters. Trump seems to think so, too: He has focused much of his vitriol in the waning days of the New Hampshire campaign on Haley.

Persons: Bill Clinton, Sen, John McCain's, Barack Obama, Hillary Clinton, Joe Biden, Donald Trump, aren't, isn't, Marianne Williamson, Dean Phillips, Trump, Nikki Haley, Ron DeSantis, Andrew Smith, –, Haley, Williamson, Phillips, Biden, Dante Scala, Smith, Chris Christie, Vivek Ramaswamy, Christie, Ramaswamy, DeSantis, Michael Binder, Binder, He's, Barack Hussein Obama Organizations: Hillary Clinton Democratic, Democratic, Democratic National Committee, New Hampshire, Gov, Florida Gov, University of New, New, Biden, Trump –, GOP, New Hampshire GOP, Independents, Trump, New Jersey Gov, Saint Anselm College Survey Center's New Hampshire Institute of Politics, United Nations, Suffolk University, Boston Globe, University of North, Palmetto State, Republican Party, Social Security Locations: New Hampshire, New, University of New Hampshire, Iowa, Hawkeye, New Jersey, Boston, University of North Florida, South Carolina, Palmetto, Portsmouth

The complaint came a little more than a year after Biden's administration informed hospitals that they must provide abortion services if the mother’s life is at risk. At the time, President Joe Biden's administration said EMTALA supersedes state abortion bans that don’t have adequate exceptions for medical emergencies. It also underscores the uphill legal battle reproductive rights advocates when pushing back against state abortion bans. According to the complaint, Statton learned she was pregnant in early 2023 and soon began experiencing severe pain and nausea. The Supreme Court earlier this month allowed Idaho to enforce its strict abortion ban, even in medical emergencies, while a separate legal fight continues.

Persons: Jaci Statton, Statton, Joe Biden's, Biden, Roe, Wade, Jaci, “, “ EMTALA, ”, Rabia Muqaddam Organizations: U.S . Department of Health, Human Services, Republican, Department of Health, Labor, Centers, Medicare, Services, Health, Reproductive Rights, Associated Press Locations: Oklahoma, Idaho , Tennessee, Texas, Idaho, New Orleans

☆ We're exiting our position in this healthcare stock as our thesis no longer holds
▼ + stars: | 2024-01-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Shortly after the opening bell, we will exit our position in Humana , selling 85 shares at roughly $388. Following the trade, Jim Cramer's Charitable Trust will no longer own shares in the managed care provider. Humana shares are falling in the premarket on a couple of negative updates that are meaningful enough to change our investment thesis — forcing us to sell the rest of our very small position. The reason behind the shortfall was higher-than-expected Medicare Advantage medical costs, driven by greater inpatient utilization and a further increase in outpatient surgery costs. Shortly before we first bought Humana in 2022, the company announced a similar shortfall to its Medicare Advantage growth.

Persons: Jim Cramer's, Humana, reinvest, Jim Cramer, Jim Organizations: Humana, Jim Cramer's Charitable, CNBC

WASHINGTON (AP) — A bill to create a bipartisan commission that would tackle the nation’s soaring debt and make policy recommendations to Congress won approval Thursday from a House committee. Many Democrats see the commission as an attempt to force cuts to Social Security and Medicare. The commission would have 16 members: 12 from Congress, evenly divided by party, and four outside experts who would not have voting power. Republicans blame federal spending for the annual deficits while many Democrats cite tax cuts enacted under Republican administrations. Three committee Democrats voted for it, including Rep. Scott Peters, D-Calif., who worked with Rep. Bill Huizenga, R-Mich. in sponsoring the bill.

Persons: “ everything's, Joe Manchin, Mitt Romney, Jodey Arrington, ”, Arrington, “, Brendan Boyle, Mike Johnson, Hakeem Jeffries, ” Johnson, ” Jeffries, Scott Peters, Bill Huizenga, Peters, ” Peters, Becca Balint Organizations: WASHINGTON, Republicans, Social Security, GOP, Republican, Pennsylvania, U.S . Capitol Police, Democrats, Democratic, ” Locations: R, Utah, Texas, New York

☆ Why we like health-care stocks in 2024 despite their spotty record in presidential election years
▼ + stars: | 2024-01-18 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +11 min

The S & P 500 Health Care Sector index has outperformed the broader S & P 500 in just three of the past eight presidential election years dating back to 1992, according to FactSet data. So far in 2024, health care has been the best-performing sector in the S & P 500, climbing roughly 2%. .GSPHC .SPX YTD mountain Health care sector vs. S & P 500 YTD It's way too early for any grand predictions with Election Day 2024 about 10 months away. Nevertheless, we see attractive fundamentals in the year ahead for a host of health-care stocks, giving us the confidence to own Lilly, GE Healthcare and Danaher despite what history says about the group in presidential election years. After a strong 2022 for health care in a terrible overall market, investors last year placed a lower emphasis on the defensive characteristics of health care.

Persons: —, that's, Eli Lilly, Lilly, Jim Cramer, Jim, Sen, Bernie Sanders of, Joe Biden, Sanders, would've, Damien Conover, Conover, Biden, Eli Lilly's, Morningstar, Amgen, Morningstar's Conover, Lilly's donanemab, Humana, Bausch, Jim Cramer's, Frederick Florin Organizations: Health, GE Healthcare, Abbott Laboratories, Amgen, Novartis, Walgreens Boots Alliance, JPMorgan Healthcare Conference, Democratic, Morningstar, CNBC, Horizon Therapeutics, Novo Nordisk, Federal Reserve, General Electric, Medicare, Humana, UnitedHealth Group, Investors, AFP, Getty Locations: San Francisco, U.S, Bernie Sanders of Vermont, Canadian, Fegersheim, France

☆ What to Know About the Federal Law at the Heart of the Latest Supreme Court Abortion Case
▼ + stars: | 2024-01-18 | by ( Pam Belluck | ) www.nytimes.com time to read: +1 min

One of the newest battlefields in the abortion debate is a decades-old federal law called the Emergency Medical Treatment and Labor Act, known by doctors and health policymakers as EMTALA. The issue involves whether the law requires hospital emergency rooms to provide abortions in urgent circumstances, including when a woman’s health is threatened by continuing her pregnancy. The Biden administration is in the middle of legal battles over the law with the states of Texas and Idaho. The Supreme Court has agreed to hear the Idaho case. Enacted by Congress in 1986, EMTALA (pronounced em-TAHL-uh) requires hospitals across the country to guarantee all patients a standard of emergency care, regardless of whether they have insurance or can pay.

Persons: Biden Organizations: Labor Locations: Texas, Idaho, United States

Here are six reasons drugs in the United States cost so much:1. In the United States, negotiations with drug makers are split among tens of thousands of health plans, resulting in far less bargaining muscle for the buyers. Other nations also conduct careful analyses of how much additional benefit a new drug presents over drugs already on the market — and at what cost. If the cost is too high and the benefit too small, those countries are more willing to say no to a new drug. Health policy analysts say that is a start, but much broader negotiating authority is needed to make a dent in drug prices overall.

Persons: ”, Stacie Dusetzina Organizations: Vanderbilt University School of Medicine, Pharmaceutical, Industry Locations: United States

☆ Trump escalates attacks on Haley as he seeks New Hampshire knockout
▼ + stars: | 2024-01-17 | by ( Eric Bradner | Kristen Holmes | ) edition.cnn.com time to read: +8 min

On Wednesday morning, Trump attacked Haley again, posting an altered photo of former Secretary of State Hillary Clinton with Haley’s face superimposed on it. Those ads have attacked Haley on immigration, something Trump’s team views as a top issue for Republicans in New Hampshire. During a rally in Atkinson, New Hampshire, on Tuesday, Trump accused Haley of “artificially boosting her numbers” by appealing to “Democrats and liberals to infiltrate” the GOP primary. Only Republicans and undeclared voters can participate in the New Hampshire GOP primary, and the deadline for Democrats to change their registration passed months ago. Rather than attacking Trump directly, Haley has lumped her former boss together with President Joe Biden — taking swipes at their ages.

Persons: Donald Trump, Nikki Haley, Haley, Nimarata Nikki Randhawa, Trump, Barack Obama, Obama, Hussein, Hillary Clinton, “ Haley ”, “ Hillary, ”, Ron DeSantis, “, Vivek Ramaswamy’s, Ramaswamy, Chris Christie, —, Christie, Joe Biden —, “ You’ve, Biden, ” Haley, DeSantis, He’s, CNN’s Dana Bash, I’m, ” CNN’s Terence Burlij, David Wright, Ariel Edwards, Levy, Ebony Davis, Kate Sullivan, Alison Main Organizations: CNN, Republican, South, New Hampshire —, Florida Gov, Republicans, Trump, GOP, Social Security, United Nations, New Hampshire Republican, New, New Hampshire GOP, New Jersey Gov, CNN New, ABC News Locations: New, South Carolina, New Hampshire, States, Bamberg , South Carolina, Trump’s, Iowa, Haley, Tuesday’s New Hampshire, Granite State, Atkinson , New Hampshire, New Jersey, CNN New Hampshire, Bretton Woods , New Hampshire, Florida

It's a constant source of frustration for the Minnesota congressman challenging President Joe Biden for the Democratic nomination. Sure, Phillips is on the ballot in New Hampshire, which holds its primary Tuesday. Biden won't debate Phillips, which is standard behavior for incumbent presidents with primary opponents. And the Biden campaign declined to weigh in on Phillips’ candidacy – also standard for incumbents not facing serious threats from challenges within their own parties. Democratic activists are mounting a write-in campaign for Biden.

Persons: Dean Phillips, It's, Joe Biden, Phillips, Biden –, Donald Trump –, –, Biden, It's Biden, irks Phillips, Donald Trump, Jim Demers, – Phillips, it's, doesn't, He's, Democrats –, Marianne Williamson, Elon Musk, Bill Ackman Organizations: Democratic, North Carolina Democrats, Democratic National Committee isn't, Biden, Trump, Democrats, GOP, CNN, New Hampshire Democratic, Medicare, Republicans, Democratic Party, People, American Research Group, New Hampshire –, University of New, Twitter, Cabinet Locations: Minnesota, Florida, New Hampshire, Granite State, –, Mexico, United States, Israel, South Carolina, University of New Hampshire

☆ Struggling insurance upstart Oscar is making a long shot bet on a Trump-era program to fuel growth
▼ + stars: | 2024-01-16 | by ( ) www.businessinsider.com time to read: +6 min

The New York insurance company has struggled to find its footing for years. At the top of the list is this little-known Trump-era policy, which offered employers a new way to give workers health benefits. Oscar has struggled with deep lossesBertolini is the former CEO of the insurance company Aetna. The company raised its health plans' prices and renegotiated contracts with healthcare providers and vendors — including its pharmacy-benefit manager — to lower expenses. In the future, Oscar plans to design specific health plans that cater to those types of customers.

Persons: —, Joshua Kushner, Mario Schlosser, Oscar, it's, Mark Bertolini, It's, Bertolini, Trump, Ari Gottlieb, Elijah Nouvelage, haven't Organizations: Service, Business, New, Morgan Healthcare, Aetna, Reuters, HRAs Locations: New York, ICHRAs

☆ Medicare Patients on Pricey Drugs Are Saving Big This Year
▼ + stars: | 2024-01-15 | by ( Liz Essley Whyte | ) www.wsj.com time to read: 1 min

Medicare patients lining up to fill pricey prescriptions at the pharmacy counter this year will realize some good news: For the first time, there is a ceiling on how much they will pay in 2024 for their Part D drugs. Changes brought about by the 2022 Inflation Reduction Act mean that people on Part D plans now pay no more than roughly $3,300 on drugs annually—a number that could shift a bit based on whether they take brand or generic medications. In 2025, that cap will change again to a flat $2,000.

Political Cartoons View All 253 ImagesDemocrats are also encouraged by Texas Republican Sen. Ted Cruz eking out reelection in 2018 by less than 3 percentage points over Democrat Beto O'Rourke. In Florida, meanwhile, Republican Sen. Rick Scott won his seat that year by around 10,000 votes out of 8.1-plus million cast. In Texas, Democratic Rep. Colin Allred of Dallas will have to overcome primary challenger Roland Gutierrez, a state senator from San Antonio, before he can take on Cruz. “Just 'cause they’re the best options they have doesn’t mean they're winnable, doesn't mean they're competitive,” said Texas Republican strategist Matt Mackowiak. National Republicans are eying Ohio, where Democratic Sen. Sherrod Brown was first elected in 2006, and Montana's Jon Tester, also a three-term Democratic incumbent.

Persons: Joe Biden's, West Virginia Democratic Sen, Joe Manchin, Roe, Wade, Dallas, Kate Cox, Texas Republican Sen, Ted Cruz eking, Democrat Beto O'Rourke, Republican Sen, Rick Scott, “, Michigan Sen, Gary Peters, Debbie Mucarsel, Powell, Carlos Curbelo, Colin Allred, Roland Gutierrez, hasn't, O'Rourke, Cruz, ”, Matt Mackowiak, ′, West Virginia . Montana Sen, Steve Daines, Scott, Democratic Sen, Sherrod Brown, Jon Tester, Daines, Trump, Mucarsel, Allred, Cox, I’ve, “ Rick Scott, ” Mucarsel, Biden, “ Debbie Mucarsel, ” Scott, Jonathan Turcotte, Catherine Cortez Masto, can’t, Beto, MacKowiak Organizations: WASHINGTON, —, West Virginia Democratic, Republicans, Texas Republican, Democrat, Republican, Democratic, Democratic Senatorial, West Virginia ., National Republican Senatorial Committee, National Republicans, Senate, GOP, Trump, Texans, Social Security, Biden, Nevada Sen, NFL, Democrats ’ Senate Locations: Texas, Florida, In Florida, Michigan, Miami, In Texas, San Antonio, Cruz . Texas, West Virginia, West Virginia . Montana, Ohio, Illinois , Texas , Michigan, Pennsylvania, Georgia, U.S, Mexico, Ecuador, Washington

“It’s an ongoing effort,” said White House chief of staff Jeff Zients. “Under his leadership, we’ve attacked inflation from every angle.”The question is whether voters are feeling the improvement and will reward Biden. Or will they penalize him because inflation became a problem on his watch as the U.S. emerged from pandemic shutdowns? Past and current Biden administration officials say the decline in inflation since then was a result of a set of choices. Much of the public saw inflation through the lens of their grocery stores, strip malls and gas stations, but the White House considered it a worldwide issue.

Persons: Joe Biden, he's, Biden, ”, Jeff Zients, we’ve, Jason Smith of Missouri, Donald Trump, ” Trump, “ We're, Bharat Ramamurti, shutdowns, “, Jared Bernstein, White, Ben Harris Organizations: WASHINGTON, White, Bureau of Labor Statistics, Biden, Federal Reserve, House, National Economic Council, Congressional, Medicare, Factories, Shipping, White House Council, Economic Advisers, White House, U.S, Republican, Treasury Department, Associated Press, NORC, for Public Affairs Locations: “, U.S, Los Angeles, Long Beach , California, Russia, Ukraine, Israel, Red

☆ Wall Street is getting Wells Fargo all wrong after earnings. Here's the level we'd be buyers
▼ + stars: | 2024-01-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. If Wells Fargo shares were to dip to around $45, Jim Cramer said Friday the Club would be buyers at that level. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Wells Fargo, Wells, –, Jim, Morgan Stanley, It's, UnitedHealth, Jim Cramer's Organizations: CNBC, Wells, Street, Humana

☆ Boomers Haven't Saved Enough for Retirement; Gen Z Will Have to Pay
▼ + stars: | 2024-01-10 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +11 min

According to Census Bureau data, 44% of boomers are at retirement age and millions more are soon to join them. And since younger boomers are less financially prepared for retirement than their older boomer siblings, the problem is bound to get worse. AdvertisementAs boomers continue to age out of the workforce, it's going to put strain on the healthcare system, government programs, and the economy. Not all boomers are richIt's undeniable that some boomers will enjoy a cushy retirement. The median retirement account for that age group has only $200,000 — meaning that half of 65- to 74-year-olds have even less saved up.

Persons: —, it's, Rita Choula, Stevie Kuenn, Kuenn, Choula, Caregiving, Gen Organizations: Federal, AARP, Institute, Consumer Finances, Social Security, National Council, Medicare, Pew, National Alliance, American Health Care Association, Department of Homeland Security Locations: —, Chicago, Ohio, America

☆ Nikki Haley denied suggesting the age of retirement is 'way too low' even though she said it in a recorded interview
▼ + stars: | 2024-01-09 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

In August, Nikki Haley said the age of retirement in the US is "way too low." Nikki Haley initially denied having said the US age of retirement is "way too low" despite video evidence proving otherwise. Ron DeSantis, who said she had claimed "the retirement age is way, way too low." AdvertisementShe didn't have an answer in the interview as to what the "right age" to move retirement benefits is but said that "65 is way too low." "But I have never said retirement age is 'way too low' for everyone else.

Persons: Nikki Haley, —, Haley, Bret Baier, Ron DeSantis, Baier, aren't, who's, they're, backtracked, Haley's, Joe Biden's, Donald Trump's, NIkki Haley Organizations: Fox News, Democratic, Republican, Service, South Carolina Gov, Social Security, Florida Gov, Bloomberg, Business, Quinnipiac, Trump Locations: Milwaukee, Monday's, New Hampshire

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