The EV billionaire is a new Trump adviser. Here's how he could help Trump freshen his thinking on electric vehicles.
The Canadian dollar weakened against its U.S. counterpart on Wednesday as concern that central banks could leave interest rates at elevated levels longer than previously thought raised demand for the safe-haven greenback. "Equities are off their (recent) highs, and rates in general are creeping up again, so concerns are resurfacing over the higher for longer theme and central banks not cutting as much as thought." The data could provide clues on the timing of expected Bank of Canada interest rate cuts.
The cost of recharging an EV for a year remains far cheaper than paying for gas to drive the same distance, no matter where you live.
Shares of U.S. health insurers fell on Wednesday after UnitedHealth Group cited a near-term disturbance around reimbursement rates for Medicaid due to ongoing program-wide enrollment hurdles that began about a year ago. UnitedHealth shares were down 4.2% to $482.46, while rivals Humana, Centene, and Elevance Health fell 3.2%, 3.7%, and 2.6%, respectively. "We have come through this very prolonged redetermination cycle in Medicaid making sure that the utilization and rates stay in perfect synchrony," a UnitedHealth executive said at the Bernstein investor conference, adding that they expect "some disturbance" around it.
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