Bloomberg The US agency that administers Obamacare is freezing payments to insurers that cover sicker patients, saying a federal court ruling ties its hands. The move brought a sharp response from health insurers warning of market disruptions and higher costs. The Centers for Medicare & Medicaid Services said that the February action by the trial court in New Mexico “prevents ...

The answer to one of Mario Draghi’s problems lies in a dusty corner of a basement gym. Though the European Central Bank is ending new net bond purchases through quantitative easing, its sti-mulus packages are still very much under discussion. One issue concerns the maturities it will target when it reinvests its substantial slug of maturing debt and coupon payments ...

Investors appear to be losing faith in an economy that does not yet appear to be losing steam. For the first time since late 2015, cyclical stocks are all of a sudden the market’s biggest losers. The Vanda Cyclicals-Defensives US in-dex, which as the name suggests measures the relative performance of cyclical stocks against defensive ones, is down 7 percent ...