A stock market in search of direction could very well get one next week. Investors are about to react to two potentially major market-moving events in the week ahead. Nvidia is set to come out with its first earnings report since China’s DeepSeek in January rattled the outlook for artificial intelligence companies. And last month’s…
Many celebrities are known for taking risks – whether it’s in the roles they take on, the music they produce, or the opportunities they pursue outside their fields. When this is in the realm of their careers, the rewards are often worth the gamble. However, not all risk-takers are as lucky when it comes to…
Wall Street’s main indexes were set for weekly declines on Friday, as fresh data painted a weak picture for the American economy, while UnitedHealth dropped after a report that the Justice Department is investigating the healthcare conglomerate. In afternoon trading, the Dow Jones Industrial Average slumped 704 points, or 1.6%, to 43,472. The S&P 500 dropped 1.4%, and the Nasdaq lost…
The Department of Justice has reportedly launched an investigation into UnitedHealth Group’s Medicare billing practices as scrutiny over the health insurance industry intensifies — sending the company’s stock plummeting. The probe is analyzing the company’s practice of frequently logging diagnoses that trigger larger payments to its Medicare Advantage plans, according to The Wall Street Journal….
Judy Cui Hong Kong’s job market is shifting significantly, with over half of the workforce considering a change of employment within this year, according to a latest study. This trend reflects a growing dissatisfaction among employees, as nearly one in five feel undervalued in their current roles. Compensation remains a critical issue, with…
FILE PHOTO: The logo of Down Jones Industrial Average stock market index listed company UnitedHealthcare is shown in Cypress, California April 13, 2016. Mike Blake | Reuters UnitedHealthcare is in hot water again as the insurance giant grapples with a reported government investigation of its Medicare billing practices, pursues employee buyouts and potential layoffs and…
TOKYO (AP) — Asian shares were mixed Friday after a sharp slide for Walmart helped pull Wall Street off record highs. In Japan, where investors were watching currency swings, the benchmark Nikkei 225 edged up 0.1% in morning trading to 38,719.34. A weak yen is a boon for some export-reliant manufacturers in Japan. In currency…
BEIJING (AP) — The International Olympic Committee has found a sponsor in China to replace long-term commercial partner Panasonic from Japan. TCL was signed to an eight-year, four-Olympics deal through 2032 in the sponsor category of home audiovisual equipment and appliances, the IOC said on Thursday. The value in cash and operational services was not…
HONG KONG — Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in more than a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China. Alibaba said Thursday that its revenue for the quarter ended December grew 8% to 280.2 billion yuan ($38.38 billion) compared to the same…
Hong Kong’s finance chief is expected to deliver his budget speech on February 26 and is under mounting pressure to balance the books. The Post looks at the dilemmas involved and the political will required to address funding challenges in this series. Updated: 20 Feb, 2025 Source link