UnitedHealth Group has been found to charge patients exorbitant markups for life-saving drugs, with prices often exceeding the original cost by tenfold or more, according to a new report by the Federal Trade Commission (FTC). The report also targets CVS and Cigna, highlighting systemic issues within the U.S. healthcare

A broader breach of the Treasury Department by Chinese state-sponsored hackers was reported by Bloomberg News on Thursday, citing sources familiar with the matter. According to the report, the computers of two senior officials, Deputy Secretary Wally Adeyemo and Acting Under Secretary Brad Smith, were also compromised. Hackers accessed fewer

President-elect Donald Trump is reportedly preparing an executive order to prioritize cryptocurrency as a key policy area and integrate industry voices into his administration, according to sources familiar with the plan. The anticipated order would designate cryptocurrency as a national priority, using strategic language to encourage government agencies to engage

The FBI has reportedly shut down its Diversity, Equity, and Inclusion (DEI) programs ahead of the incoming Trump administration, according to a new report released Thursday. Fox News Digital reported that the FBI confirmed the closure of its Office of Diversity and Inclusion (ODI), stating, "In recent weeks, the

The IRS has officially announced the beginning of the 2025 tax filing season: The agency will begin accepting 2024 federal tax returns on Monday, Jan. 27, 2025. The IRS has announced that the 2025 tax filing season will officially begin on Monday, Jan. 27, 2025, when the agency starts accepting

TikTok may go offline for U.S. users on Sunday, according to an administration official speaking to ABC News. However, the Biden administration has indicated it will not enforce the law mandating the shutdown, which is set to take effect one day before the presidential inauguration. TikTok itself could voluntarily

Apple Inc. announced an 18% pay increase for CEO Tim Cook ahead of its upcoming annual meeting, while opposing a shareholder proposal aimed at ending the company’s diversity program. Cook’s total compensation for 2024 rose to $74.6 million, up from $63.2 million the previous year, according

Wall Street's relentless office culture is driving young bankers to snort crushed Adderall pills at their desks to endure grueling workdays lasting up to 22 hours, according to a report. Bankers in their 20s and 30s aiming to climb the financial ladder told The Wall Street Journal that

Digital assets have surged since the U.S. presidential election in November, with Bitcoin hitting a record high above $107,000 on Monday, bolstered by President-elect Donald Trump's pro-cryptocurrency policy announcements. Despite the rally, many financial advisors remain cautious. “As traditional long-term planners, we currently do not incorporate

The sharp increase in interest rates since the end of the third quarter has expanded losses on bank securities portfolios, a trend that could draw investor scrutiny as banks begin reporting fourth-quarter results next week. Bank of America, which holds the largest unrealized losses in the banking industry, may attract

Global banks are poised to cut up to 200,000 jobs over the next three to five years as artificial intelligence (AI) increasingly takes over tasks currently performed by humans, according to Bloomberg Intelligence (BI). Chief information and technology officers surveyed by BI expect, on average, a net workforce reduction

America faces a significant housing shortage—but not for the type of apartments real-estate investors have been building at record rates. The national vacancy rate for multifamily apartments reached 8% in the last quarter of 2024, higher than pre-pandemic levels. This increase in empty units is surprising, given estimates that

"Many millennials and Gen Xers are facing a stark reality: their parents and grandparents don't have the means to pay for long-term care — and they'll need to help foot the bill, especially since government aid often doesn't cover large parts of this care,

As the Federal Reserve prepares to lower interest rates at the conclusion of its two-day meeting this week, Americans are feeling increasingly optimistic about the future. Despite the strain of prolonged high inflation on household budgets, consumer sentiment about personal finances has improved, according to a new report from the

Google has informed the EU that it will not integrate fact-checking into search results or YouTube videos, nor use fact checks in ranking or content removal decisions, despite requirements under a new EU law. This decision, detailed in a letter obtained by Axios, reiterates Google's longstanding stance against

Topline TikTok CEO Shou Zi Chew plans to attend President-elect Donald Trump’s inauguration next week, according to a report by the New York Times on Wednesday. This comes as the Supreme Court signals it may uphold a bipartisan law—opposed by Trump—that would require TikTok to be sold

Egg prices have surged dramatically in recent months, leaving shoppers shocked as a dozen eggs now costs more than $9 at some stores. In December 2024, the U.S. Department of Agriculture reported wholesale egg prices averaging $4.62 per dozen. However, regional differences lead to significant price variation, influenced

Mortgage rates surpassed 7% this week, a critical psychological barrier, underscoring the persistent affordability challenges in the U.S. housing market. The average rate for a 30-year fixed mortgage reached 7.04% in the week ending January 16, according to Freddie Mac's Thursday report. This marks the fifth

Landlords in wildfire-stricken Los Angeles are dramatically raising rents—some by more than double—in violation of California’s anti-price-gouging laws, as thousands of residents scramble for housing after losing their homes. California law prohibits landlords from increasing rents by more than 10% during a state of emergency. Despite this,

Billionaire business leaders seeking influence and recognition often gravitate toward the World Economic Forum in Davos, Switzerland, but this year, Donald Trump’s inauguration is taking center stage. The Davos forum, which starts on January 20—the same day Trump will be sworn in as the 47th president—is losing

Real estate investor Robert Rivani spent $27 million purchasing and renovating a luxury beachfront property on Malibu's renowned "Billionaire's Beach." However, after the mansion was destroyed by fire, he expects only a fraction of that amount from an insurance payout. According to The Wall

President-elect Donald Trump opposes the TikTok ban set to take effect, his lawyers stated in a recent court filing. Trump himself questioned the necessity of the ban on Truth Social, posting, “Why would I want to get rid of TikTok?” alongside a graphic highlighting his popularity on the platform, including

Amid a challenging retail environment, Walgreens Boots Alliance outlined its strategic pivot during its Q1 2025 earnings call. Despite a 23% year-over-year drop in adjusted earnings per share (EPS) to $0.51, the company surpassed expectations, driven by strong cost management and solid performance in U.S. pharmacy services. CEO

Last year, the company was behind a stock sell-off in Indian conglomerate Adani Group which it had accused of improperly using tax havens, accusations the group had denied. Carvana Co. has come under scrutiny from short-seller Hindenburg Research, which accused the auto retailer of engaging in questionable practices and claimed

Consumer prices rose in December, but 2024 ended with some modestly encouraging news on inflation, particularly in the housing sector. The Consumer Price Index (CPI) increased by 0.4% for the month, seasonally adjusted, bringing the annual inflation rate to 2.9%, according to the Bureau of Labor Statistics (BLS)