Donald Trump does not stop these days to send messages to his followers asking for help to post bail of just over 450 million dollars for the civil fraud case for which he was convicted. The shareholders' meeting of the Digital World Acquisition Corp company votes this Friday on the merger with Trump Media& Technology Group, the company that owns his social…
Many health care providers struggling to get paid after the hack of a UnitedHealth Group subsidiary are still trying to figure out if their cyberattack insurance will help cover their losses. Why it matters: Providers ranging from large health systems to small independent practices are racking up big bills and say efforts to advance payments while Change Healthcare restores medical…
When President Biden spoke out Thursday against Japan-based Nippon Steel's planned $14.9 billion acquisition of U.S. Steel, it was a win for the United Steelworkers union â it's been blasting the deal for months.Why it matters: The union's political influence stems from labor's heightened leverage in an election year â but a less understood factor involves the Steelworkers…
EDITOR'S NOTE: This story was originally published by the Arizona Center for Investigative Reporting. In the 10 months since Arizona officials announced an investigation into massive Medicaid billing fraud, they've maintained the abuse was mostly limited to a small share of the Arizona Health Care Cost Containment System: behavioral health providers…
Meanwhile, the CEOs of the top 10 health insurance companies were paid between $13 million and $22 million in total compensation in 2022, including salary, bonuses and other pay, according to a Connecticut Office of Legislative Research report, issued Feb. 5. Joseph Zubretsky, CEO of Molina Healthcare, with only 2.16% of the market, was paid $22,131,256.
T he U.S. economy does not appear to be close to falling into recession, Federal Reserve Chairman Jerome Powell said yesterday, indicating that it is not yet clear when the central bank might cut interest rates. In his appearance before lawmakers, Powell said that "there is no evidence, there is no reason to think, that the U.S. economy is, in any kind of near-term risk, of…
David Scott Cacchione, a Bay Area man who served five years in federal prison for a 2009 securities fraud conviction and was barred from employment as an investment broker or adviser, has been charged with another investment-related crime. But instead of buying receivables, they used the money for personal expenditures and to pay off other investors,…
Washington and New York, While President Joe Biden and Donald Trump compete over proposals to stem the flow of immigrants crossing the border into Mexico, the head of the Federal Reserve- the U.S. central bank- and the Congressional Budget Office- the official nonpartisan think tank- report that immigrants have been key to the post-pandemic economic recovery…
However, the Federal Reserve's plans did not reflect the interest rate cut of 150 basis points that the market was expecting this year. One of the issues that has generated most debate in the fixed income market in recent months is the difference in expectations that had been generated between the markets and the Federal Reserve itself, regarding the cycle of…
But in the last year, as home insurers have stopped writing new policies and retreated from parts of the state prone to wildfire, a new voice has joined the ranks of critics who say Harvey and Co. are making things worse: California's elected insurance commissioner, Ricardo Lara, whose office has called Consumer Watchdog an entrenched interest group "defending…
As inflation gathered force in 2021 and 2022, the Federal Reserve notoriously waited too long to raise interest rates, allowing consumer prices to continue to climb sharply, Fed officials now acknowledge. "The longer they wait, the greater the risk that something goes off the rails," says Mark Zandi, chief economist of Moody's Analytics. But Fed Chair Jerome…
Most Fed officials last month signaled concern about acting too quickly to cut interest rates, indicating that such risks outweighed keeping borrowing costs elevated for too long. Minutes from the Federal Open Market Committee's Jan. 30-31 meeting showed that policymakers remain vigilant about the trajectory of inflation, with some fearing that progress…
Rodrigo Goytortua Ortega, former CEO of Miss Universo Mexico and shareholder of Publicidad y TecnologĂa Close Marketing, also known as Markethink, went to the Labor Conciliation Center in Mexico City to demand from Rocha CantĂș the payment of at least one million pesos for unjustified dismissal. "They told me,' Rodrigo we want you to go checking because we want…
Theâ You Earned It, You Keep It Actâ is making a second attempt to eliminate the taxation of Social Security benefits. Angie Craig, the bill eliminates the taxation of Social Security benefits for all retirees. The bill comes with an assessment of its financial impact on Social Security by Stephen C. Goss, its chief actuary.
A Daytona Beach Shores condominium owner whose property insurance jumped 563% last year has two messages for Florida lawmakers.
But IRS officials haven't ruled out adding such a feature to future versions of the site, and its debut has renewed long-standing discussions about why the United States lags in this respect. According to one 2022 study that included authors from the Federal Reserve and the Treasury Department, the IRS could correctly calculate about 45 percent of households'…
Federal documents say Saint Jovite Youngblood scammed millions in an epic fraud that ensnared at least 20 victims in Austin and across the nation.
The Diocese of Trenton, which has been sued by more than 500 people alleging they were sexually abused by members of the clergy as children, is now being sued by the insurance company that provides its liability coverage. With potentially millions of dollars in damages at stake, Century Indemnity Co., which wrote the insurance policies for the diocese years ago,…
For Federal Reserve Chairman Jerome Powell, deciding when to cut interest rates is tricky enough: do it too soon and it could reignite inflation. Meanwhile, some Democrats both inside and outside the White House are worried that the current president's re-election prospects are threatened by a central bank that keeps interest rates too high for too long after…
