UnitedHealth Group is facing a lawsuit from the U.S. Department of Labor over allegations that its third-party administrator UMR denied services that should have been covered. Self-funded health [...]
It’s official: Overstock is now Bed, Bath and Beyond. The former site for marked-down furniture has sublimated itself into the go-to destination for housewares, after buying the [...]
A September pause in interest-rate hikes is looking increasingly likely, Wall Street economists say, amid milder-than-expected inflation, moderated consumer spending and lessening wage pressures. [...]
Big surprises from Uber on Tuesday, as the ride-hailing app announced its first-ever operating profit of $326 million in the second quarter. The company’s net income soundly beat [...]
Americans were eager to fly after COVID restrictions were dropped, but that trend may be fading. Second-quarter purchases for tickets declined for the first time in more than two years, [...]
The private equity firm that owns Birkenstock could try an initial public offering on for size as soon as September, anonymous sources have told Bloomberg and the Financial Times. L Catterton, [...]
Home insurers are charging more and covering less as they try to bounce back from five years of losses. A damaging combination of storms, natural disasters, inflation and supply-chain problems [...]
Walmart has paid $1.4 billion to buy major investor Tiger Global’s remaining shares of Indian e-commerce giant Flipkart, The Wall Street Journal reports. While Walmart initially invested in [...]
Economists are keeping a close eye on corporate income statements for clues about consumer spending patterns. Just over a third of S&P 500 companies will report earnings this week, including [...]
Yellow, one of America’s biggest and oldest trucking companies, shut down operations on Sunday and laid off workers at all locations. The 99-year-old company cut about 33,000 jobs, 22,000 [...]
