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…
UnitedHealth Group (UNH) had another rough day in trading Friday. Reports that the Department of Justice (DOJ) is investigating its Medicare Advantage insurance business sent the stock more than 8% lower in early trading. The civil fraud investigation, first reported by the Wall Street Journal, examines how UnitedHealth records diagnoses that boost payments from the…
The rumor mill is spinning overtime on struggling Intel (INTC) as the tech icon looks at ways to create shareholder value. Chip rivals Taiwan Semiconductor (TSM) and Broadcom (AVGO) are each eyeing deals with Intel that could break up the company, the Wall Street Journal reported over the weekend. Broadcom is reportedly looking to gain…
Vice President JD Vance told The Wall Street Journal on Thursday that all military and economic options were on the table if Russia did not agree to negotiate in good faith to end the war in Ukraine. “There are economic tools of leverage, there are, of course, military tools of leverage” available to the United…
Billionaire hedge fund manager Bill Ackman says he is moving his management company out of Delaware. It follows similar statements from companies like DropBox, Meta, and SpaceX. Some corporations are turning against Delaware, historically considered a business-friendly state. Bill Ackman, the billionaire CEO of Pershing Square Capital Management, says he will move his management company…
Photo: Cheng Xin (Getty Images) A current Apple (AAPL) employee is suing the company for illegally limiting worker freedoms through its required intellectual property agreement. The lawsuit, filed Monday in California Superior Court in Santa Clara County by Amar Bhakta, a digital ad tech and operations manager at Apple, alleges that the company’s policies, including…
In This Story As his former colleague and artificial intelligence rival prepares for a role in the incoming Trump administration, Sam Altman says he’s not worried about Elon Musk. AI trip planners will soon be better than human travel agents, Booking Holdings CEO Glenn Fogel said Despite there being “lots of things not to like…
A trader works on the floor of the New York Stock Exchange during morning trading on March 4.Photo: Angela Weiss (Getty Images) In This Story The Dow climbed and the dollar weakened early Monday following the news that President-elect Donald Trump has tapped Wall Street’s Scott Bessent to be his next Treasury Secretary. How AI…
We recently published a list of Top 10 Trending AI Stocks to Watch in November. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other trending AI stocks to watch in November. Amid soaring valuations of AI stocks, beginner investors keep wondering whether they are too late…
Starbucks headquarters at Starbucks Center on July 3, 2024 in Seattle, Washington.Image: David Ryder (Getty Images) Starbucks (SBUX) has warned its corporate staff that failing to work in the office three days a week could lead to termination. The mandate is part of the coffee chain’s “standardized process,” set to launch in January, according to…