Berkshire Hathaway, led by Warren Buffett, has made significant adjustments to its financial stock portfolio. The company reduced its stake in Bank of America and completely exited its […]
Banks
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UnitedHealth Stock Faces Analyst Downgrades Amid Leadership Changes and DOJ Investigation
UnitedHealth (UNH) stock has experienced significant turbulence this year. The company withdrew its full-year forecast, announced the CEO’s resignation, and is now facing a criminal investigation by the […]
Banks
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Fed’s Powell Warns of Higher Long-Term Rates Amid ‘Supply Shocks’
Federal Reserve Chair Jerome Powell stated that long-term interest rates are likely to rise due to economic changes and shifting policies. In a speech focusing on the central […]
Banks
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UnitedHealth Faces Challenges Amid Market Speculation
UnitedHealth has been under significant scrutiny as analysts weigh its future prospects. With a 40% drop in stock value this year, some analysts have finally downgraded the shares. […]
Banks
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UnitedHealth Faces Criminal Probe Over Alleged Medicare Fraud
The U.S. Department of Justice (DOJ) is conducting a criminal investigation into UnitedHealth Group regarding possible Medicare fraud, according to a report by the Wall Street Journal. UnitedHealth […]
Banks
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UnitedHealth Stock Sees Modest Recovery Amid Analyst Support
Shares of UnitedHealth Group (UNH) experienced a modest rebound following an 18% drop after the company withdrew its guidance due to rising costs and the resignation of CEO […]
Banks
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New York Sues Capital One for Misleading Customers on Savings Account Interest Rates
New York Attorney General Letitia James filed a lawsuit against Capital One on Wednesday, accusing the bank of misleading customers with its ‘high interest’ savings accounts, resulting in […]
Banks
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JPMorgan Chase Explores Public Blockchain for Transaction Settlement
JPMorgan Chase has ventured beyond its traditional ‘walled garden’ approach by settling a transaction on a public blockchain. This marks a significant step for the banking giant as […]
Banks
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Chime Files for IPO, Reveals $33M Dallas Mavericks Deal
Digital consumer bank Chime has officially filed for its Initial Public Offering (IPO) by submitting its S-1 paperwork on Tuesday. This move comes after Chime reportedly submitted confidential […]
Banks
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Trump Signs Rollbacks of Biden-Era Financial Rules
President Trump has signed two rollbacks of financial regulations established during the Biden administration. The first rule, which aimed to cap overdraft fees charged by banks and credit […]