Humana Q2 Earnings Review: Management Tight-Lipped, But Recovery Still On Track
Humana Q2 Earnings Review: Management Tight-Lipped, But Recovery Still On Track
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The Expense Ratio on Your Funds Is a Guaranteed Return Drag
Every fund charges an annual expense ratio, a percentage of your assets taken as a fee regardless of performance. A 1% expense ratio on a $100,000 portfolio costs you $1,000 a year, while index funds from major low-cost brokerages commonly charge 0.03-0.05%. Check yours, because that difference compounds into tens of thousands over an investing…
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New CLO charges for insurers miss tail risks, critics say
Late in June, after four years of deliberation, US insurance regulators agreed changes to the capital rules for insurers when they invest in collateralised loan obligations (CLOs). Industry players have followed the dry, technical back-and-forth that led to this decision closely, and for good reason. The review of CLO charges marks the first step by…
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Fed, in a nail-biter July meeting, decides to leave rates unchanged
The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation caused by the Iran war and a spike in energy prices. The Fed’s rate-setting committee reached the 9-3 decision after two days of deliberations, marking the fifth straight meeting at which it kept its benchmark rate at around 3.6%. Dissenting from…
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BNY Adds Blockchain Capabilities to Transfer Agency Business
Banking giant BNY is bringing blockchain technology to its transfer agency business. The bank on Wednesday (July 29) unveiled its digital transfer agency (TA) capabilities, designed to address a growing set of client needs by extending BNY’s TA services to support digitally native funds as well as traditional asset funds. “With this new capability, BNY…
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NABP to Develop National Adverse Event Reporting Clearinghouse for Compounded Medications
Association moves to close longstanding gaps in patient-safety tracking infrastructure and federal-state information sharing MOUNT PROSPECT, Ill., July 29, 2026 /PRNewswire/ — The National Association of Boards of Pharmacy® (NABP®) today announced a new initiative to develop a national adverse event reporting clearinghouse for compounded medications. The system will capture reports of patient harm and share…
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This 83-Year-Old Entrepreneur Is Rejecting a $400 Million Payday
Key Takeaways Eddie Smith Jr., the 83-year-old owner of Grady-White Boats, turned down a $400 million sale and instead committed the company’s future profits to charity. Smith has kept full control of the company since buying it in 1968 and growing it into a leading producer of high-end recreational fishing boats. Under the new structure,…
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As London/European traders head for the exit, the markets are scared of the Fed (and war)
As London/European traders head for the exit, the markets are scared of the Fed (and war) !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
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This Founder Refunded $8,000 in Customer Orders in One Day. Here’s Why
What if your best marketing strategy was giving money back?
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IRS Issues Transitional Guidance on Opportunity Zones
The Internal Revenue Service released Notice 2026-40 on June 18, announcing that proposed regulations regarding qualified opportunity zones under Internal Revenue Code Sections 1400Z-1 and 1400Z-2 are forthcoming and providing long-anticipated transitional guidance relating to qualifying investments thereunder. The notice introduces planning opportunities that QOZs and investors must take before the end of this year,…
