(5/15/2025) Millions of Americans who rely on Social Security could see some of their monthly benefits seized, starting in June (2025), if they have defaulted on their student loan debts.
(5/15/2025) New UnitedHealth (UNH) Chief Executive Stephen Hemsley will get a pay package worth $61 million, mostly in stock options that vest after three years, and which he could keep even if he steps down or is terminated sooner.
(5/15/2025) Federal prosecutors have charged 13 men in a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and then launder the proceeds. More than $265 million in crypto was stolen from the victims.
(5/14/2025) Goldman Sachs (GS) will pay a $1.45 million civil fine to settle a U.S. regulator's claims that the Wall Street bank failed to accurately report data for billions of stock market trades.
Coding errors at Goldman led to inaccurate reporting of 36.6 billion trades.
(5/8/2025) China has warned countries against forming economic agreements with the United States that could compromise its interests. The Commerce Ministry noted it will oppose such actions and implement countermeasures.
(5/8/2025) Rite Aid Corporation, one of the nation's largest pharmacy chains, is preparing to close all of its remaining stores as part of ongoing bankruptcy proceedings.
(5/8/2025) Starbucks (SBUX) Cuts 1000 Jobs and Shrinks Menu in Major Overhaul.
SBUX eliminates popular drinks and corporate positions in dramatic overhaul. The company returns to traditional coffeehouse model while adapting to mobile ordering demands.
(5/8/2025) The Bank of England (BOE) cut interest rates again today, Thursday, May 8th, 2025, to bolster the U.K.’s flagging economy, further diverging from the U.S. Federal Reserve (FED).
The U.K. central bank lowered its benchmark rate to 4.25% from 4.5%.
(5/6/2025) Earlier today, Tuesday, May 6th, 2025, India launched a major military operation against Pakistan in a major escalation of tensions between the two nuclear-armed neighbors.