In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022. The S&P 500 index SPX, +1.75% and Dow Jones Industrial Average DJIA, +1.05% are both headed for their worst year since 2008, with declines of 20.6% … Read more
A unit of Walgreens Boots Alliance Inc. WBA 3.67% struck a deal to combine with a big owner of medical practices and urgent-care centers in a transaction worth roughly $9 billion including debt, the latest in a string of acquisitions by big consumer-focused companies aiming to delve deeper into medical care. The drugstore giant’s primary-care-center … Read more
Medicare beneficiaries will see their Part B premiums go down for the first time in more than a decade, President Biden said during a White House event on Tuesday. Monthly Part B premiums, which are currently set at $170.10 in 2022, will decline to $164.90 in 2023 – a $5.20 a month savings, or about … Read more
Humana Inc. HUM 0.67% and CVS Health Corp. CVS 0.06% are circling Cano Health Inc., CANO 32.17% according to people familiar with the situation, as healthcare heavyweights scramble to snap up primary-care providers. The talks are serious and a deal to purchase Cano could be struck in the next several weeks, assuming the negotiations don’t … Read more
WASHINGTON—A federal judge Monday ruled against a Justice Department antitrust challenge to UnitedHealth Group Inc.’s $13 billion acquisition of health-technology firm Change Healthcare Inc., rejecting government claims that the deal would unlawfully suppress competition and limit innovation in health-insurance markets. U.S. District Judge Carl Nichols ruled for the companies in an opinion that he kept … Read more
CVS Health Corp. CVS -0.49% is in advanced talks to acquire the home-healthcare company Signify Health Inc. SGFY 1.34% for around $8 billion, according to people familiar with the matter. CVS appears to have beat out other heavy hitters including Amazon.com Inc. and UnitedHealth Group Inc., which had been circling Signify for a deal that … Read more
Amazon.com Inc. is among the bidders for healthcare company Signify Health Inc., joining other heavy hitters vying in an auction for the home-health-services provider, according to people familiar with the matter. Signify is for sale in an auction that could value it at more than $8 billion, the people said. Bids are due around Labor … Read more
Mark Fleming Housing has become increasingly unaffordable to millions of Americans — with home prices and mortgage rates continuing to rise (see the lowest rates you may qualify for now here). So – as part of our series where we ask prominent economists and real estate pros their take on the housing market now – … Read more
Warren Buffett Says Markets Have Become a ‘Gambling Parlor’ The Wall Street Journal Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’ CNBC Berkshire’s Charlie Munger calls stock market manipulation ‘incredible, crazy situation’ CNBC Television Buffett invests big chunk of Berkshire Hathaway’s cash KOLN These money and investing tips give you tools to remodel … Read more