The Justice Department launched an investigation in recent months into UnitedHealth's Medicare Billing practices, according to the Wall Street Journal, which cited people familiar with this matter. In premarket trading, shares of the company dropped nearly 7% to $466.88. The report added that the new civil fraud probe is looking at UnitedHealth's methods for recording … [Read more...] about DOJ Investigates UnitedHealth Over Medicare Billing—Billions at Stake?
Financial News
Federal Reserve Sounds Alarm on Rising Inflation Threat
Federal Reserve officials, at a recent meeting, pointed out that the risks of inflation worsening were increasing. This was a major reason why they left their benchmark interest rates unchanged. According to the minutes of the meeting held on Jan. 28 and 29, which were released by Fed officials Wednesday, President Donald Trump's proposed tariffs, mass deportations, as well … [Read more...] about Federal Reserve Sounds Alarm on Rising Inflation Threat
Feds Revoke Approval for NYC’s Congestion Pricing – What’s Next?
The Trump administration announced Wednesday that it will revoke approval of New York City’s congestion pricing program, which is intended to reduce traffic while raising billions for upgrading New York’s subway and bus system. Sean Duffy, Transportation Secretary, said that the move would stop the program which began on January 5. New York Governor Kathy Hochul said … [Read more...] about Feds Revoke Approval for NYC’s Congestion Pricing – What’s Next?
Did Zelle Payments Really Surpass $1 Trillion in 2024, Outpacing Rivals Like PayPal?
Zelle, the payments network owned by banks Early Warning Services, announced that its volume reached $1 trillion last year. This is the largest ever peer-to-peer platform. By 2024, the company expects to have 151,000,000 users. The company also stated that money sent via the platform has increased by 27% in comparison to the previous year. Denise Leonhard stated that last … [Read more...] about Did Zelle Payments Really Surpass $1 Trillion in 2024, Outpacing Rivals Like PayPal?
Democrat Lawmaker Joins the DOGE Craze, Shakes Up Crypto World
The Department of Government Efficiency is now bipartisan. Representative Jared Moskowitz, D-FL, has joined the House of Representatives DOGE Caucus. Rep. Jared Moskowitz (D-Fla.) announced Tuesday that he will join the DOGE Caucus of the House of Representatives. He is the first Democrat to be a part of the group, which has now become bipartisan. He … [Read more...] about Democrat Lawmaker Joins the DOGE Craze, Shakes Up Crypto World