California Insurance Commissioner approves State Farm rate hike

California Insurance Commissioner Ricardo Lara granted State Farm's request for large rate increases despite the company's mistreatment of wildfire victims and questionable business practices.

Federal Reserve Chair Jerome Powell's Comments on Inflation and Monetary Policy

Federal Reserve Chair Jerome Powell reiterates that inflation is falling more slowly than expected, keeping the central bank on hold. Powell expects inflation to come down but does not anticipate a rate hike in the near future.