The US House Ways and Means Committee has proposed a strategy for Medicare to cover GLP-1 weight-loss drugs like Novo Nordisk’s (NVO) Wegovy and Eli Lily’s (LLY) Zepbound. Yahoo Finance Health Reporter Anjalee Khemlani breaks down the details of the proposed bill ahead of Thursday’s vote to amend part of the Treat and Reduce Obesity Act of 2023. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – […]
Citi Global Markets posted its US Economic Surprise Index, which has reached its lowest level in over a year. Citi head of equity trading strategy Stuart Kaiser joins Catalysts to give insight into the US Economic Surprise Index and what it means for the broader market. “The reason surprise has gone negative is because consensus has revised up their numbers as the recession hasn’t materialized. So you kind of set a higher bar from consensus. Now, the data has been coming in below that higher bar since early May. So it’s concerning just in the sense you have negative surprise on hard economic data,” Kaiser tells Yahoo Finance. About Yahoo […]
US new home sales dove by 11.3% month-over-month in May, a noticeable difference between expectations for just a 0.2% drop. The US Census Bureau also reported that median new home prices fell to $417,400 in the month. Catalysts Hosts Seana Smith and Madison Mills sift through the fresh housing data and its relation to elevated mortgage rates and homebuilder sentiments. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android […]
59% of employees not saving for retirement believe they are saving for retirement, according to Principal Financial Group. IRAHelp.com Founder & CPA Ed Slott joins Wealth! to discuss retirement plans and some of the changes that you should take advantage of. “Everybody thinks inflation is bad, and I get that because things cost more. But when it comes to taxes, inflation is great because tax brackets expand too. So more money can come out at lower rates. And the other opportunity now is the low rates… We have historic low tax rates now. So the key to anybody saving for retirement is if you have an IRA, a 401(k), remember […]
