“We are going to see a decline in enrollment,” he added. “The people who will drop out in droves are the ones who are not getting a premium subsidy.”…..In states served by the HealthCare.gov website, premiums will go up 37 percent for a hypothetical 27-year-old picking a standard plan called “second-lowest cost silver,” the Health and Human Services department reported Monday.
The Middle East’s oil producers are bracing for continued pressure from lower oil prices, with the International Monetary Fund projecting cumulative budget deficits of $320 billion over the next five years, according to a new report released on Oct. 31.
The Treasury Department said in a statement it expects to issue $275 billion through credit markets during the period, assuming an end-December cash balance of $205 billion. It also expects to issue $512 billion in net marketable debt in the first quarter.
The savings rate in September fell to 3.1%, according to Commerce Department data released Monday. That’s the weakest level since December 2007, just as the U.S. economy was entering the worst of the financial crisis amid the Great Recession. The August savings rate was 3.6%.
The central bank is projected to buy about 7.45 trillion yen ($65.9 billion) of government bonds based on the midpoints of purchase ranges for the maturities listed in its statement Tuesday. Based on the same calculation method, it was projected to buy 7.55 trillion yen for October, though it ended up purchasing 7.74 trillion yen.
From sky-high equities with barely a hint of volatility to cryptocurrencies that only seem to rise and concerns that the Fed’s been too loose for too long, here are some of the things that spook the professionals:
Amid a drive towards greater efficiency and higher profits, artificial intelligence (AI) and robot technology are increasingly replacing roles typically handled by thousands of bank employees. Mizuho Financial Group is planning to cut 19,000 jobs over the next 10 years or so.
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