Most households receive the majority of their income from ownership of stocks and bonds

U.S. equity markets are falling as tensions ratchet higher between Russia and Ukraine, with U.S. officials saying they expect a Russian attack on its neighbor shortly. Major indexes are heading for weekly declines and the Nasdaq is adding to its nearly 14% drop so far this year. Key Takeaways U.S. equity markets are falling as investors watch developments in the ongoing tensions between Russia and Ukraine. Major indexes are heading for weekly declines and the Nasdaq is adding to its nearly 14% drop so far this year. Roku shares are plunging while FAAMG stocks, Tesla, and Intel all slide. Shares of all the FAAMG tech companies are lower. Tesla Inc. ( TSLA ) shares are declining 3%. Shares of semiconductor companies are dropping after Intel Corp. ( INTC ) warned of lower profit margins this year. Roku Inc. ( ROKU ) shares are plunging on its earnings report (more below). Shares of big industrial firms including Boeing Co. ( BA ), Honeywell International … [Read more...] about Russia–Ukraine Tensions Soar as Shelling, War Talk Increase; Investors Flee Stocks

By The Associated Press WASHINGTON — A senior defense official says U.S. Pentagon officials are having discussions with Sweden and Finland on their security needs to deter Russia as both move toward NATO membership. The official said Defense Secretary Lloyd Austin met with Swedish Defense Minister Peter Hultqvist on Wednesday and spoke about the interim period between when the NATO application is formally made and when it is approved. There have been concerns about threats from Russia during that period, in which Sweden and Finland would not formally be covered by NATO’s Article 5 which says that an attack against one member is an attack against all and calls for collective defense. The defense official spoke on condition of anonymity to discuss private Pentagon discussions. – AP writer Lolita Baldor in Washington contributed to this report. __ KEY DEVELOPMENTS IN THE RUSSIA-UKRAINE WAR: — Interrogation, uncertainty for surrendering Mariupol troops — NATO … [Read more...] about Live updates | Official: US in talks with Sweden, Finland

FILE PHOTO: Senator Joel Villanueva thanks colleagues for their help and contribution in perfecting Senate Bill No. 2234, creating the Department of Migrant Workers on Tuesday, December 14, 2021. (A. Calvelo, V. Domingo/Senate PRIB) MANILA, Philippines — Reelected Senator Joel Villanueva said Wednesday that he is open to joining the Senate minority bloc in the incoming 19th Congress. Villanueva said the remark after being asked what his preferred Senate committees are, following the proclamation of the so-called Magic 12 at the Philippine International Convention Center in Pasay City. “When it comes to committees, preferential committees, etcetera, I don’t mind. In fact, I can even say that I’m open to being part of the minority,” he said before the proclamation of the winning candidates in the May 9 senatorial election. In the 18th Congress, Villanueva belonged to the majority bloc. Currently, he is the chairman of the Senate committees on labor, employment, and human … [Read more...] about Villanueva open to join Senate minority bloc

“Magic 12” in the May 2022 senatorial polls. INQUIRER graphics MANILA, Philippines — Twelve newly-elected senators – a mix of neophytes, returning, and reelectionists – would be entering the Senate halls by June 30. Their vows were to fulfill their campaign promises as they call on the people to band together following one of the country’s most polarizing elections in recent history. All twelve winning senatorial bets were present at the Philippine International Convention Center in Pasay City. The senators-elect were joined by their families as commissioners of the Commission on Elections (Comelec) raised their hands, marking their win in the senatorial race official. Fulfilling campaign promises, pushing advocacy The first one proclaimed was returning senator Jinggoy Estrada who placed 12th in the elections after garnering over 15.1 million votes. He said he would fulfill his campaign promise of restoring lost jobs to Filipinos. “Asahan ninyo, sa loob ng anim na taon, … [Read more...] about Proclaimed senators vow to fulfill campaign promises, call for unity

Share to Twitter Share to Linkedin Anthem and Cigna on Friday morning announced a historic $54 billion merger that would make the new, combined company the largest health insurer in the country, by total customers. The deal's size is especially notable. (It's the largest-ever merger in the insurance industry). And the timing is remarkable. Just three weeks ago — to the day — rival insurers Aetna and Humana announced their own mega-merger , a $37 billion deal. If both deals get federal approval, America's Big Five health insurers will be winnowed to a Huge Three. So what happens next? And what will it mean for consumers? Anyone who says he knows those answers isn't worth trusting: America's health care system is in uncharted waters. First, there are real questions over whether either or both mergers will receive federal approval. The Department of Justice was already scrutinizing the Aetna-Humana deal — which now … [Read more...] about Anthem Just Paid $54B To Buy Cigna. No One Knows What Will Happen Next.