Health insurer stocks slide as Medicare Advantage rates disappoint
Shares of U.S. health insurers fell Tuesday after the Biden administration didn’t boost payments for private Medicare plans as much as the insurance industry and investors had hoped. Shares of CVS Health fell more than 8% on Tuesday, while UnitedHealth Group‘s stock slid nearly 7%. Shares of Elevance Health dropped more than 3% and Centene‘s […]
Ken Griffin’s Citadel hedge fund outstrips rivals with gains in first quarter: report
The Miami hedge fund outperformed rivals in generating positive returns across all its funds
Iowa-LSU game was biggest betting event for women’s sports
Caitlin Clark, #22 of the Iowa Hawkeyes, celebrates after beating the Lousiana State University Tigers 94-87 in the Elite Eight round of the NCAA Women’s Basketball Tournament at MVP Arena in Albany, New York, on April 1, 2024. Andy Lyons | Getty Images The superstar women’s college basketball matchups Monday night attracted more than just […]
High cost of upgrading to a nicer home is locking up the market
The spring housing market is defying expectations that prices would cool and competition would ease. Higher mortgage rates usually cool both prices and demand, as they did last year, but that’s not the case now. There are still too few homes for sale because current homeowners can’t afford to move, and it’s keeping prices high. […]
My elderly parents are hoarders. I see them once a year. They say cleaning up their ‘junk’ will be my problem after they die. What can I do?
“They have lived in the same house in New Jersey for 50 years and they don’t throw anything away.”
Vanguard voting for Iger over Peltz in Disney proxy fight: report
Bob Iger, CEO of The Walt Disney Company, speaks during the grand opening ceremony of Shanghai Disney Resort’s Zootopia-themed attraction at Shanghai Disney Resort on December 19, 2023 in Shanghai, China. Visual China Group | Getty Images Disney’s largest shareholder, index fund manager Vanguard, plans to support management over Nelson Peltz’s Trian Partners in Wednesday’s […]
Tesla’s delivery woes suggest the EV maker has an Elon Musk problem
Tesla Inc.’s “significant miss” on its first-quarter delivery numbers rattled Wall Street on Tuesday — and the disappointing numbers indicate that at least one of the electric-vehicle maker’s problems is Chief Executive Elon Musk.
GM first-quarter U.S. vehicle sales fall 1.5%
The 2024 Buick Envista. GM DETROIT — General Motors on Tuesday reported a 1.5% decline in first-quarter U.S. vehicle sales compared to a year ago, as the overall auto industry normalizes after years of disruptions and volatile results. The Detroit automaker said the decline to 594,233 vehicles sold during the first three months of the […]
Silver Lake to take Endeavor private for $27.50 a share
Ariel Emanuel, Chief Executive Officer, Endeavor, at the New York Stock Exchange, April 29, 2021. Source: NYSE Private equity firm Silver Lake announced Tuesday that it’s acquiring entertainment company Endeavor Group Holdings for $27.50 a share. Endeavor’s stock was halted ahead of the announcement. Silver Lake will acquire 100% of the shares it does not […]
Reflation trade may put 10-year Treasury yield on path back to 4.5%-5%
After months of rangebound trading, the benchmark 10-year Treasury yield appears to be settling into a pattern similar to what was seen last October, when the rate soared to its highest level since 2007 and briefly burst through 5%.
