Health exchange insurance rates coming down | Local News

Health insurance premiums will fall in 2021 for New Mexicans enrolled in beWellnm, the state’s Obama-era insurance exchange for workers who aren’t offered health coverage through employers and those who are self-employed.

The New Mexico Office of Superintendent of Insurance reported Tuesday that “silver” plans — those ranked in the middle category — will drop an average of 8.1 percent to 13.5 percent next year.

Consumers can choose from three levels of plans offered by five insurance carriers participating in the exchange.

Santa Fe has the lowest decreases among the state’s five regions at 6.7 percent for bronze plans, 8.1 percent for silver plans and 7.2 percent for higher-level gold plans.

The premium costs for a 40-year-old in Santa Fe will decrease by an average of $21.78 a month for a bronze policy, for a monthly rate of $296.94; $34.30 a month for a silver policy, for a rate of

Read More

Ryanair CEO Bonus Challenged as Crisis Sparks Pay Scrutiny | Investing News

PARIS (Reuters) – Ryanair

boss Michael O’Leary’s proposed 458,000 euro ($540,600) annual bonus came under fire on Friday, as an influential investor advisory firm urged shareholders to oppose the package in a non-binding vote later this month.

Proxy advisor Institutional Shareholder Services (ISS) said the pay award for the financial year ended in March “raises concerns” and was hard to justify amid the unprecedented aviation crisis sparked by COVID-19.

Ryanair declined to comment on the voting recommendation, reported earlier by the Financial Times.

The pandemic is increasing pay scrutiny at companies that have taken government aid or slashed jobs. Criticism of O’Leary’s package follows an ISS recommendation against British Airways owner IAG’s

883,000 pound ($1.17 million) send-off for retiring CEO Willie Walsh.

While both votes are non-binding, any rejection of pay plans by IAG investors on Sept. 8 or Ryanair’s Sept. 17 meeting would be highly embarrassing for either of

Read More

Kudlow Expects Trump Administration to Unveil Aid for Airlines in Weeks | Investing News

WASHINGTON (Reuters) – White House economic adviser Larry Kudlow on Friday said he thinks the Trump administration will in a matter of weeks unveil additional aid for U.S. airlines, which have been dealt a blow by a coronavirus pandemic that has grounded most flights.

“If they need additional assistance, we stand ready to work with them to hammer out additional packages,” Kudlow told Bloomberg TV in an interview.

Airlines received $25 billion in U.S. government stimulus funds in March meant to cover payrolls and protect jobs through September. Congress also approved another $25 billion in loans for airlines but much of the money has not been tapped.

As bailout money runs out without a travel recovery in sight, airlines and unions have lobbied Washington for another $25 billion. But talks have stalled as Congress has struggled to reach agreement on a broader coronavirus assistance package, despite significant bilateral support for

Read More

Consumer Confidence Drops Unexpectedly in August | National News

Consumer confidence fell unexpectedly in the first two weeks of August to its lowest level in six years as households grew increasingly worried about the economy following a sustained surge in coronavirus cases this summer.

The Conference Board said Tuesday that its consumer confidence index, which measures how optimistic consumers feel about the economic outlook, dropped to a reading of 84.8 this month, down from 91.7 in July.

The reading is significantly lower than what analysts predicted and a drastic drop from a year ago. In August 2019, the index sat at 134.2.

The measure is a worrying sign that comes as the economy struggles to recover from a pandemic-induced recession.

“Consumer spending has rebounded in recent months but increasing concerns amongst consumers about the economic outlook and their financial well-being will likely cause spending to cool in the months ahead,” Lynn Franco, senior director of economic indicators at The

Read More

Business – BBC News

Selfridges has told staff it plans to cut 450 jobs with annual sales set to be “significantly less” than last year due to the Covid-19 pandemic.

Managing director Anne Pitcher said high streets were changing even before coronavirus and the business has now been forced to make “fundamental changes”.

Ms Pitcher said in an email to Selfridges staff: “How we work, shop and socialise is changing.

“Of course, our high streets were changing rapidly before Covid-19 arrived.

“As a creative business at the forefront of retail, we have a proud history of leading the way, however the speed and magnitude of what is happening right now and the impact on trading means we must make some more fundamental changes to our organisation to stay ahead and realise a more sustainable future.

“Like many others, we are feeling the effects and acknowledge that recovery will be slow, with sales this year

Read More

Yahoo Finance – Stock Market Live, Quotes, Business & Finance News



Wedbush analyst Dan Ives raised his stock price target for Telsa Inc. to $2,000 from $1,250 on Friday, making it the highest among analysts on FactSet. “We believe with demand for Model 3’s ramping stronger than expectations in China heading into the summer timeframe, the lockdown easing in the US/Europe, and some potentially “game changing” battery developments on the horizon (Battery Day another key catalyst) that Tesla’s stock likely has room to run further,” Ives wrote in a note to clients. The move comes a day after Tesla stock closed at a fresh record of $1,133.36, boosting its valuation to more than $207 billion and above, at least for now, Japan’s Toyota Motor Corp.’s TM, -1.18% $203 billion market value. Toyota, which makes more than 8 million vehicles a year, long has been the No. 1 global car maker by market capitalization. Tesla is expected to report second-quarter

Read More