Macy updates status of employee that hid $151M over 3 years
The Barron's Roundtable panel provides insight into investments in Macy's, Nordstrom, and Gilead Sciences. Macy's has provided an update on a former employee responsible for concealing approximately $151 million in cumulative shipping costs over the past three years. On Wednesday, Macy's CEO Tony Spring said the company had concluded its investigation and that “the person […]
Walgreens could ‘aggressively’ cut costs if privately owned, analyst says
About one independent pharmacy will close every day in 2023, and a similar number is expected to close this year, according to the National Community Pharmacists Association. Walgreens Boots Alliance's acquisition by private equity firm Sycamore Partners would give it more flexibility to “aggressively” cut costs to address persistent industry challenges, according to industry analysts. […]
Crypto lobby targets SEC’s Crenshaw ahead of Senate committee vote
FOX Business' Charlie Gasparino talks about the crypto industry's efforts to stop SEC Commissioner Caroline Crenshaw from getting a second term on “The Claman Countdown.” Crypto industry seeks to block Carolyn Crenshaw's re-nomination to the Securities and Exchange Commission as the Senate Banking Committee prepares to vote on her second term as Wall Street's top […]
Macy’s activist investors want the retailer to make significant changes
See what's being clicked on FoxBusiness.com. Macy's is facing pressure from two activist investors to make a number of changes to the department store chain. Activist investors Barrington Capital Group and So Equities took issue with Macy's capital allocation strategy in a presentation Monday, at the same time that the department store chain is considering […]
Microsoft shareholders vote against company investing in bitcoin
Cryptocurrency investor Joe McCann talks about whether Bitcoin is an investment or a currency in “Cavuto: Coast to Coast.” Microsoft shareholders on Tuesday rejected a proposal that would have seen the tech giant consider investing in Bitcoin as a way to diversify its assets. The proposal, proposed by a conservative think tank known as the […]
Gas prices hit 3-year low, AAA says
Patrick de Haan, GasBuddy's head of petroleum analysis, discusses whether average gasoline prices will fall below $2 a gallon under the Trump administration on “Berney & Company.” Drivers are filling up with confidence this week as the average price of a gallon of regular gasoline in the U.S. hit a three-year low. aaa tracker National […]
NYSE to remove The Container Store shares
Barron's market reporter Jacob Sonnenschein joins Varney & Company. Discuss the current state of Santa gatherings and home improvement stores. The Container Store's shares have been suspended from the New York Stock Exchange as it prepares to be delisted, the latest blow for the struggling retailer. The decision was made on Monday after the company […]
Here is where the UnitedHealthcare CEO shooting suspect worked
Former NYPD Lt. Joe Cardinale unravels the investigation into the murder of United Healthcare CEO Brian Thompson in American Report. The man in law enforcement custody as a suspect in the murder of United Healthcare CEO Brian Thompson worked as a software engineer at TrueCar. Luigi Mangione, 26, was found inside a McDonald's store on […]
UnitedHealthcare CEO suspected killer detained
New York City Mayor Eric Adams and Police Chief Jessica Tisch commented on the arrest of the suspect in the murder of United Healthcare CEO Brian Thompson. The suspect who killed UnitedHealthcare CEO Brian Thompson last week was taken into custody Monday in Altoona, Pennsylvania. The person of interest has been identified as 26-year-old Luigi […]
UnitedHealthcare accused of relying on AI algorithms to deny Medicare Advantage claims
The manhunt for the gunman who killed UnitedHealthcare CEO Brian Thompson is underway, and police believe the CEO was the target. Democrats on a Senate subcommittee are accusing UnitedHealthcare Group of denying claims to a growing number of patients in an effort to use artificial intelligence to automate processes. Democrats on the U.S. Senate Permanent […]