UnitedHealth Group Inc. (NYSE:UNH) shares climbed Friday after high-profile investors Michael Burry and Warren Buffett took positions in the insurance giant, offering some relief to a stock that has tumbled about 41% year-to-date. Warren Buffett’s fund bought little more than 5 million shares, and Burry disclosed in 13F filings that he purchased call contracts against 350,000…
(Reuters) -Shares of UnitedHealth Group surged more than 12% in premarket trading on Friday after Warren Buffett’s Berkshire Hathaway revealed a new investment in the health insurer. Berkshire owned 5.04 million UnitedHealth shares worth about $1.57 billion as of June 30, it said in a U.S. Securities and Exchange Commission filing. The investment comes at…
By Sarah N. Lynch and Nate Raymond WASHINGTON (Reuters) -The U.S. government is taking unspecified “special measures” to protect people potentially exposed in a recent hack of court records, a top U.S. Department of Justice official said on Thursday. The hack of the federal judiciary’s filing systems has raised concerns across the judiciary since it…
ZURICH (Reuters) -UBS (UBS) on Monday said it will pay $300 million to settle outstanding obligations related to the misselling of mortgage-linked investments by Credit Suisse in the United States. On August 1, Credit Suisse Securities entered into an agreement with the U.S. Department of Justice to resolve all of Credit Suisse’s outstanding consumer relief…
A former engineer at a Southern California defense contractor pleaded guilty to stealing highly sensitive trade secrets tied to American national security, including technologies designed to detect nuclear missile launches and track hypersonic threats, the U.S. Department of Justice said. Chenguang Gong, 59, a dual U.S.-China citizen from San Jose, admitted in a federal court…
Once a British socialite who lived a life of luxury, Ghislaine Maxwell today is confined in a U.S. prison after being convicted of helping financier Jeffrey Epstein sexually abuse underage girls. Now, three years after she was sentenced, a top U.S. Department of Justice official plans to personally interview Maxwell to find out if she…
Uptick in Tesla vandalism amid DOGE backlash Elon Musk’s Teslas are being vandalized at a higher rate as he faces backlash for federal cuts and firings. WASHINGTON – Donald Trump liked the shiny red car. “I want the same color,” he said, pointing to a Tesla Model S, before slipping into the driver’s seat. The…
Get live updates on tariffs, the trade war and mass layoffs throughout a busy day for the US economy. Interest rate decision looms as Fed discusses tariffs and trade war impacts With rising tariffs looming, experts warn of increased consumer prices as the Federal Reserve convenes to address economic implications. (Scripps News) Scripps News Interest…
Microsoft’s AI language interpreter could be boon for cybercriminals A new AI language interpreter unveiled by Microsoft is sparking concern among cybersecurity experts. Straight Arrow News WASHINGTON – The Justice Department announced charges Wednesday against 10 Chinese citizens who are accused of cyber-hacking to steal data from the Treasury Department and other organizations worldwide. The…
The DOJ has launched a civil fraud investigation into UnitedHealthcare over its billing practices in the Medicare Advantage program, according to the Wall Street Journal. The investigation focuses on whether the healthcare giant artificially inflated patient diagnoses to increase its monthly payments from the government. In a statement, UnitedHealth Group called reporting by the Journal…