UnitedHealth Group announced that CEO Andrew Witty is stepping down due to 'personal reasons,' Stephen Hemsley will replace him.
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Kansas House Speaker Dan Hawkins announced his campaign for insurance commissioner in 2026. So far he's the only candidate filed to run.
UnitedHealth Group announced that CEO Andrew Witty is stepping down due to 'personal reasons,' and former CEO Stephen Hemsley will replace him.
Andrew Witty is stepping down as CEO of health care giant UnitedHealth Group in a surprise transition that follows a period of unprecedented turbulence, including the public killing of a company executive and financial woes that in recent weeks have only intensified. The shakeup at the top of Minnesota’ s largest company comes at a remarkably difficult time,…
12:44pm: Cooling inflation boosts Nasdaq US stocks are painting a mixed picture at midday as Wall Street processes fresh inflation data and a potential easing in trade tensions with China. While tech stocks are surging, the blue-chip Dow is feeling the weight of company-specific woes. At midday, the Dow Jones Industrial Average is down 0.4%, while the S&P 500 is up 0.7% and the…
This database logged more than 400 weather events that cost over $1 billion each. Now, it's gone.
Savvy Advisors Inc. raised its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 745.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 642,405 shares of the computer hardware maker’s stock after purchasing an additional 566,435 shares during the period.…
Schonfeld Strategic Advisors LLC acquired a new position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,818 shares of the rocket manufacturer’s stock, valued at approximately $326,000.
UnitedHealth Group Inc (NYSE:UNH, ETR:UNH) shares fell over 10% in premarket trading after the health insurance giant withdrew its guidance for the current year and announced the departure of its chief executive officer. Stephen J. Hemsley, former CEO who led the company from 2006-2017, has taken the CEO role as well as remaining chairman of the board, effective immediately. This…
TLDR UnitedHealth Group suspended its 2025 forecast and CEO Andrew Witty stepped down “for personal reasons” Former CEO Stephen Hemsley (2006-2017) will return as chief executive Shares fell 8% in premarket trading, also affecting other health insurers Rising medical costs and Medicare issues continue to pressure the company UnitedHealth expects to return to growth in […] The…
Their concerns come in response to a bill unveiled Sunday night by House Republicans that would tighten eligibility rules, create work requirements and freeze provider taxes under Medicaid— the federal-state program that insures nearly 80 million low-income Americans. According to the Congressional Budget Office, the legislation would reduce the…
The Congressional Budget Office in a Sunday memo says the bill’ s health subtitle would lower the deficit by $715 billion– but result in about 8.6 million more uninsured Americans. Most adult Medicaid recipients would have to show they’ re working, going to school or trying to get a job to maintain eligibility and states would have to charge the expansion…
Here are the different kinds of home insurance, what you need to know so your home is well-insured before the 2025 Hurricane Season in Florida.
TLDR: US and China agreed to scale back tariffs for 90 days, triggering a market rally April CPI report (due May 13) expected to show first signs of tariff-related inflation Stock futures indicating market pullback after Monday’s gains Full impact of tariffs on inflation may take months to materialize Federal Reserve waiting for economic data […] The post Trump’s Tariff Pause…
UK unemployment rose to 4.5% in March, with job vacancies continuing to ebb and wage growth slowing. But the loosening of the labour market is only gradual and so is likely to see the Bank of England continue with its "gradual and cautious" cuts to interest rates. The official ILO unemployment rate was 4.5% in the three months to March 2025, the Office for National Statistics…
Saying Massachusetts“ needs a turnaround, "former MBTA executive Brian Shortsleeve launched a Republican bid for governor on Monday, touting his work at the beleaguered transit agency as evidence of the cost-cutting mindset he says he’ ll bring to Beacon Hill. Shortsleeve said Massachusetts should also cooperate with federal officials to“ deport convicted…
The Massachusetts House on Monday advanced a $240 million bill to rescue the budget of the agency that administers health insurance for state employees and retirees. The bill now goes to the Senate, which Senate President Karen Spilka said will take up the matter on Thursday. In early April, Governor Maura Healey included $240 million for the GIC in a…
Climate activism often gets lost in future big-picture issues such as systemic risk, financial meltdowns, and climate scenario testing. Important issues, for sure. However, all this hand-wringing diverts attention from the real story: climate disaster is good business for banks and insurers.
House Republicans are proposing a steep tax increase on endowment income at the nation's wealthiest colleges and universities, adding to the financial strain of institutions already facing the Trump administration's sharp cuts to federal research funding. Instead of the current 1.4 percent tax on the net investment income of private schools with an…
