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Economy

UnitedHealth says it is facing DOJ investigation over Medicare billing practices

July 25, 2025

UnitedHealth Group revealed Thursday it is facing a Justice Department investigation over its Medicare billing practices. It comes after the Wall Street Journal reported in May that the Department of Justice is conducting a criminal investigation into the health-care giant over possible Medicare fraud. In response at the time, the company said it stands “by […]

Economy

Alphabet beats earnings expectations, raises spending forecast

July 25, 2025

Alphabet reported second-quarter results on Wednesday that beat on revenue and earnings, but the company said it would raise its capital investments by $10 billion in 2025. Here’s how the company did, compared with estimates from analysts polled by LSEG: Wall Street is also watching several other numbers in the report: The company’s overall revenue […]

Economy

Uber will let women drivers and riders request to avoid being paired with men

July 25, 2025

Uber announced a new feature Wednesday that pairs women drivers and riders, in its latest move to address safety on the ride-hailing platform. The new tool, which the platform will begin piloting next month in the U.S., allows women passengers to match with women drivers when booking or pre-booking rides, and create a preference in […]

Economy

UnitedHealth says it faces DOJ investigation over Medicare billing practices

July 25, 2025

Economy

Credit card startup Imprint beats big banks for Rakuten co-brand deal

July 24, 2025

There’s a new player making waves in an industry dominated by big banks. Imprint, the 5-year-old credit card startup, beat out banks in a competitive bidding process for a new co-branded card from online shopping platform Rakuten, CNBC has learned. The deal is the most recent sign that Imprint is gaining traction in the co-branded […]

Economy

Businesses are cautiously spending on corporate travel as trade uncertainty looms

July 24, 2025

Corporations are continuing to spend on business travel, but are being strategic about how they allocate those dollars amid ongoing trade uncertainties, according to new reports from the travel and expense platform Navan and the Global Business Travel Association. Corporate travel spending activity increased 15% year over year in the second quarter of 2025, according […]

Economy

Lawsuit says Clorox hackers got passwords simply by asking

July 24, 2025

WASHINGTON — Bleach maker Clorox said Tuesday that it has sued information technology provider Cognizant over a devastating 2023 cyberattack, alleging that the hackers pulled off the intrusion simply by asking the tech company’s staff for employees’ passwords. Clorox was one of several major companies hit in August 2023 by the hacking group dubbed Scattered […]

Economy

Orange juice importer says Brazil tariffs will squeeze American consumers

July 23, 2025

Orange juice prices could rise by 20% to 25%, according to Johanna Foods, a small U.S. business suing the White House over tariffs threatened against Brazil. President Donald Trump said in a July 9 letter to President Luiz Inacio Lula da Silva that he would apply a 50% tariff to all imports from Brazil starting […]

Economy

Musk’s brain implant company filed as a ‘disadvantaged business’

July 20, 2025

Elon Musk’s health tech company Neuralink labeled itself a “small disadvantaged business” in a federal filing with the U.S. Small Business Administration, shortly before a financing round valued the company at $9 billion. Neuralink is developing a brain-computer interface (BCI) system, with an initial aim to help people with severe paralysis regain some independence. BCI […]

Economy

A flagging U.S. industry looks for new life in a Philadelphia shipyard

July 19, 2025

The U.S. shipbuilding industry is looking for help. A South Korean company is answering the call. Hanwha Philly Shipyard CEO David Kim, nodding to the gargantuan vessels under construction just off the Delaware River, on Wednesday offered the kind of vision that has brought some optimism back to the U.S. shipbuilding community. “You take that […]

Economy

Trump says it’s ‘highly unlikely’ he will fire Fed Chair after broaching idea with GOP reps

July 18, 2025

President Donald Trump said Wednesday it was ‘highly unlikely’ he would fire Jerome Powell as chair of the Federal Reserve. His statements, made in the Oval Office, come less than 24 hours after telling a room full of Republican lawmakers that he was considering doing so. “No, we’re not planning on doing anything,” Trump told […]

Economy

Coca-Cola dodges after Trump says soda will switch back to cane sugar

July 18, 2025

President Donald Trump said Wednesday that Coca-Cola in the United States will begin to be made with cane sugar, but the company did not explicitly say that was the case when it was asked later about Trump’s claim. Trump said Wednesday afternoon on Truth Social that he had been speaking to Coca-Cola about using cane […]

Economy

Inflation picks up again in June as tariffs slowly work their way through U.S. economy

July 17, 2025

Consumer prices rose in June as President Donald Trump’s tariffs began to slowly work their way through the U.S. economy. The consumer price index, a broad-based measure of goods and services costs, increased 0.3% on the month, putting the 12-month inflation rate at 2.7%, the Bureau of Labor Statistics reported Tuesday. The numbers were right […]

Economy

Jerome Powell asks inspector general to review Fed’s $2.5B renovation project

July 15, 2025

The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue. Fed Chair Jerome Powell asked for the review, following blistering criticism of the project, initially pegged at $2.5 billion but hit by cost overruns that […]

Economy

Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat

July 14, 2025

LONDON/NEW YORK, July 11 (Reuters) – Suppliers to Walmart WMT.N have delayed or put on hold some orders from garment manufacturers in Bangladesh, according to three factory owners and correspondence from a supplier seen by Reuters, as U.S. President Donald Trump’s threat of a 35% tariff on the textile hub disrupts business. Bangladesh is the […]

Browse category by Economy

UnitedHealth says it is facing DOJ investigation over Medicare billing practices

Alphabet beats earnings expectations, raises spending forecast

Uber will let women drivers and riders request to avoid being paired with men

UnitedHealth says it faces DOJ investigation over Medicare billing practices

Credit card startup Imprint beats big banks for Rakuten co-brand deal

Businesses are cautiously spending on corporate travel as trade uncertainty looms

Lawsuit says Clorox hackers got passwords simply by asking

Orange juice importer says Brazil tariffs will squeeze American consumers

Musk’s brain implant company filed as a ‘disadvantaged business’

A flagging U.S. industry looks for new life in a Philadelphia shipyard

Trump says it’s ‘highly unlikely’ he will fire Fed Chair after broaching idea with GOP reps

Coca-Cola dodges after Trump says soda will switch back to cane sugar

Inflation picks up again in June as tariffs slowly work their way through U.S. economy

Jerome Powell asks inspector general to review Fed’s $2.5B renovation project

Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat

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