The Inflation Reduction Act is keeping drug plan sponsors, pharmacies, Medicare educators and anyone who works with Medicare drug plans very busy. So far, the IRA has: Many more changes are coming. The biggest one may be the $2,000 cap on Part D drug costs that takes effect in 2025…

Mortgage rates fell again this week but remain uncomfortably high for many would-be buyers. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage declined to 6.77% this week from 6.89% last week. The average rate on a 30-year loan was…

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Sen. Elizabeth Warren, D-Mass., is asking the Tesla board if it’s looked into CEO Elon Musk’s use of company resources to benefit his other ventures, including SpaceX and xAI.”Tesla’s Board of Directors appears to be failing to meet its fiduciary duties to Tesla’s shareholders by neglecting to address company CEO…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Wealthy investors and family offices shied away from stocks leading up to market swings this week, but many saw…

Throughout his presidency, Donald Trump tried to pressure the Federal Reserve into cutting rates — a breach of protocol that threatened to undermine the independence of the central bank and its ability to keep jobs booming and inflation low. If reelected, Trump said Thursday he’d go further: He’d try to…

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Stay informed with free updatesSimply sign up to the Equities myFT Digest — delivered directly to your inbox.Global stock markets regained ground on Friday, taking their momentum from Thursday’s surge on Wall Street, meaning equities have now clawed back the bulk of their losses from Monday’s heavy sell-off. A drop…

The Supreme Court’s two-year-old decision to overturn Roe v. Wade remains unpopular with a wide majority of Americans, according to a poll Friday that landed as Vice President Kamala Harris hammers on reproductive rights as a centerpiece of her campaign for the White House. Two-thirds of Americans oppose the high…

It’s a common problem these days, with nearly one in seven older people diagnosed with some kind of dementia. These folks lose their financial judgment early in the process of cognitive decline. Caring family members get alarmed, and try to reason with their impaired elder. That leads to conflict, as…