Just about any Medicare beneficiary who takes prescription medications has heard about the donut hole. It has had quite an interesting history. When Part D prescription drug coverage began in 2006, those who landed in the donut hole had to pay 100% of the cost for every drug. That’s likely…

Mortgage rates remained relatively unchanged from last week, with a slight movement higher.  Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage increased to 6.78% this week from 6.77% last week. The average rate on a 30-year loan was 6.81%…

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High-performers and women aren’t getting quality feedback in the workplace, and it could be driving them to quit.That’s according to a new analysis of more than 13,000 performance reviews across 250 U.S. workplaces from Textio, an AI-powered writing platform for HR teams.Quality of feedback is different from whether it’s positive…

If the Federal Reserve is starting to set the table for interest rate reductions, some parts of the market are getting impatient for dinner to be served.”What is it they’re looking for?” Claudia Sahm, chief economist at New Century Advisors, said on CNBC just after the Fed concluded its meeting…

Airlines would no longer be allowed to charge parents extra fees for their kids to be seated next to them under a new rule proposed by the Biden administration. White House officials say their “fee-free family seating” proposal could potentially save parents up to $200 per round trip flight. “Families…

By Min Joo Kang Trade surplus narrowed in July due to a rebound in imports Export growth accelerated to 13.9% YoY in July (vs 5.1% in June, 18.4% market consensus) mainly due to favourable calendar effects. Adjusting for working days, average daily exports moderated to 7.1% in July from 12.4%…

Stay informed with free updatesSimply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox.Nissan and Honda will aim to roll out a new electric vehicle before the end of the decade as the two Japanese carmakers outlined a sweeping alliance to compete against Tesla and…

UAW President: More energy now among members for Harris than there was for Biden Union Chief Shawn Fain joins Abby to discuss his breaking endorsement of Kamala Harris and gives his two top VP picks for the ticket: Kentucky Governor Andy Beshear and Minnesota Governor Tim Walz. Read the full…

One of the most commonly quoted pieces of investment advice (or cliché) is you want to buy low and sell high. It’s as simplistic, as it’s unhelpful. Despite the obviousness of the advice, there’s only one proven way to do this consistently: through a tactic called rebalancing. It’s an important…