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UnitedHealth blows past estimates, hikes earnings outlook as it reins in costs
The healthcare giant is working to stabilize margins by shrinking membership, exiting unprofitable contracts and pouring $1.5 billion into AI.
Truth Social launches service to give Wall Street traders an edge with real-time service
Trump Media launched an API to give paying customers real-time access to market-moving Truth Social posts.
Sen. Warren says Trump’s CFPB overhaul has cost Americans $26.5 billion
Sen. Elizabeth Warren says the Trump administration’s rollback of CFPB rules and enforcement has cost Americans up to $26.5 billion so far.
Banking Committee’s Sen. Rounds liked Warsh’s ‘tone’ in first testimony as Fed chairman
Federal Reserve Chair Kevin Warsh was on Capitol Hill for two days of testimony this week.
Iran warns U.S. of Hormuz ‘red line,’ says it will retaliate to Trump’s strike threats
Trump warned that the U.S. will target Iranian infrastructure next week if negotiations do not resume.
Ukraine’s Zelenskyy ousts defense minister in surprise shake-up as protest calls emerge
The move sparked some to call for a peaceful protest and comes shortly after Ukraine’s parliament accepted the resignation of Prime Minister Yulia Svyrydenko.
U.S. slaps 25% tariff on most Brazilian goods over ‘unfair trade practices’
A separate U.S. probe into forced-labor enforcement has also proposed an additional 12.5% duty on Brazilian goods that would stack on top of the 25%, with a decision due within days.
$100M New Jersey deli fraud defendant Patten wants no prison time despite past conviction
James Patten is the person to be sentenced for a scheme that sent the market capitalization of a company that owned just a small New Jersey deli soaring.
United earnings top estimates but airline expects $6 billion in added fuel costs
United reported higher revenue for premium, corporate and no-frills basic economy tickets and higher revenue for both domestic and international trips.
Analysis: Fed Chairman Warsh faces an inflation credibility test after Congress hearings
The new Fed chairman avoided major stumbles in two days of testimony before the House and Senate, but faces a rapid test of his commitment to price stability.