Genius investor Warren Buffett’s continued hoarding of cash and selling of stocks continues to stoke fears of a potential market crash that could hammer 401(k)s. The cash and Treasury bills being held at the Oracle of Omaha’s famed company Berkshire Hathaway has risen above $300 billion in the third quarter. The Wall Street Journal report…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Department of Justice is examining UnitedHealth’s large Medicare Advantage unit at a time when the group is facing an antitrust enquiry. The justice department is examining how the insurer’s methods of recording patient…
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….
The US Department of Justice is reportedly investigating the insurance giant UnitedHealthcare for its Medicare billing practices. The federal government is examining whether UnitedHealthcare is using patient diagnoses to illegally increase the lump sum monthly payments received through the Medicare Advantage program, according to a report in the Wall Street Journal. Although it is best…
This article was written by Follow Michael Kramer is the founder of Mott Capital, and is a long-only investor who focuses on macro themes and studies trends and options activities to identify and assess entry and exit points for investments in his long-term focused thematic growth strategy. He is a former buy-side trader, analyst, and…
The Wall Street Journal says the Justice Department in recent months has launched an investigation into UnitedHealth Group’s billing practices as a new civil fraud investigation looks at the use of diagnosis data to trigger extra payments to the company’s Medicare Advantage plans. Shares of the Eden Prairie-based company’s stock were down roughly 8% in…
By Nell Mackenzie LONDON (Reuters) – Wall Street stocks could be facing a correction because of ructions in the options market, Goldman Sachs specialist Scott Rubner said in a Thursday note seen by Reuters on Friday. Roughly $2.7 trillion of U.S. stock market derivatives are due to expire on Friday, which if not exercised, will…
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…
U.S. stock market is set for a mixed opening on Friday, February 21, 2025, following a sharp decline in the previous session. Investor sentiment remains cautious as UnitedHealth Group (UNH) faces a Justice Department investigation, Tesla (TSLA) may receive a major investment proposal from a Japanese group, and Alibaba (BABA) is surging on a stake…
My top 10 things to watch Friday, Feb. 21 1. Texas Roadhouse , our newest Club stock, delivered a strong quarter , though there’s some weather-related noise around its current-quarter traffic. It also warned of beef inflation because of tighter projected cattle sizes later this year. Layer in the egg situation, and the agriculture complex…