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UnitedHealth Group stock drops as CEO Witty abruptly resigns and company suspends financial outlook

Business / Business News /

Andrew Witty is stepping down as CEO of health care giant UnitedHealth Group in a surprise transition that follows a period of unprecedented turbulence, including the public killing of a company executive and financial woes that in recent weeks have only intensified.

UnitedHealth suspended its financial guidance for the year, and its stock ...Read more

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Will Canadians vacation in Michigan this summer? Tourist towns brace for change

Business / Business News /

As Michigan prepares for another warm-weather travel season, one thing is increasingly clear: President Donald Trump's tariffs are sparking backlash that could reduce international visits to the United States — and deepening concerns that the levies may cause domestic travelers to adjust their plans.

The impact of tariffs amid a trade war is ...Read more

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How online auction startup Unicorn is turning whiskey bottles into windfalls

Business / Business News /

When it comes to liquid assets, a Chicago startup is finding that stocks and bonds may have nothing on bourbon.

Unicorn, a five-year-old online auction platform for wines and spirits, has quickly established itself as the eBay of imbibing, authenticating, digitizing, storing and auctioning more than $125 million worth of prized booze since ...Read more

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Jon Voight, Sylvester Stallone and entertainment groups lobby Trump for tax provisions

Business / Business News /

So-called Hollywood ambassadors Jon Voight and Sylvester Stallone joined with a coalition of entertainment industry groups for a letter delivered this week to President Trump urging him to support tax measures and a federal tax incentive that would help bring film and TV production back to the U.S.

The letter is signed by Voight, Stallone, all ...Read more

UnitedHealth Group CEO Witty abruptly resigns, former leader Hemsley returns

Business / Business News /

Former CEO and longtime company leader Stephen Hemsley is resuming duties as chief executive at health care giant UnitedHealth Group in a surprise transition as the company’s recent financial woes have intensified.

Andrew Witty is stepping down as CEO for personal reasons, the company said, and will remain as a senior adviser to Hemsley, who ...Read more

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Motormouth: Your car can 'read'

Business / Business News /

Q: Thanks for your column! It’s always full of practical advice and info. In a recent column, the reader asked how cars know what the speed limit is. My experience is that they can also use the front camera to “read” speed limit signs, and quite accurately. I know that my 2021 Ford Explorer does this because someone spray painted the sign...Read more

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Google to pay $50 million to settle lawsuit claiming it paid Black workers less

Business / Business News /

Google will pay $50 million to settle a class-action lawsuit accusing it of paying Black workers less.

April Curley, a Black woman who worked at the Mountain View, California, digital-advertising giant from 2014 to 2022, claimed in her 2022 lawsuit that she was hired to recruit more Black workers but fired for pushing back against the firm’s ...Read more

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Fraudster Elizabeth Holmes' partner launches startup in same field where she failed: 'not Theranos 2.0'

Business / Business News /

Theranos fraudster Elizabeth Holmes‘ partner Billy Evans has launched a startup in the same field — blood testing — where Holmes failed and ended up in prison.

The company is called Haemanthus, the name of a plant called a blood lily, and on Sunday, it denied that Holmes was involved.

“Yes, our CEO, Billy Evans, is Elizabeth Holmes’ ...Read more

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Nasdaq 100 enters bull market after US-China truce: Markets wrap

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Wall Street’s bets that the US-China trade truce marked the end to an all-out tariff war drove the S&P 500 up over 3%, while sinking defensive corners of the market from bonds to gold and haven currencies. The dollar climbed the most since its November post-election rally.

The rebound in risk appetite and diminished expectations of a ...Read more

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Trump talks with Apple's Cook as iPhone price hikes loom

Business / Business News /

U.S. President Donald Trump said he spoke with Apple Inc. Chief Executive Officer Tim Cook earlier on Monday, just as the iPhone maker was reported to be considering price increases later this year.

Apple is weighing whether to raise prices for an iPhone lineup coming in the fall, the Wall Street Journal reported, citing people familiar with ...Read more

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Boulder's landmark climate lawsuit against Suncor and Exxon can continue, Colorado Supreme Court rules

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DENVER — The Colorado Supreme Court will allow a Boulder government lawsuit seeking to hold two of the state’s largest oil and gas companies responsible for climate-change harms to move forward, according to a ruling Monday.

The city of Boulder and Boulder County filed the lawsuit seven years ago, seeking to hold Suncor Energy and ...Read more

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How 'unretiring' to go back to work can affect your Social Security benefits

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Retirement is a goal that most Americans strive for, but sometimes the reality doesn’t match what you’d imagined. You may find that you miss work and the sense of purpose it gave you, or your financial situation may change and you need to earn additional money to support your lifestyle. Returning to the workforce after retiring may make ...Read more

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Stocks power global risk rally on US-China truce: Markets wrap

Business / Business News /

Investors betting the U.S.-China trade reprieve marks the end to an all-out tariff war that had threatened to tip the world into a recession sent stocks rallying, while spurring a slide in defensive corners of the market from bonds to gold and haven currencies.

The sharp rebound in risk-appetite drove the S&P 500 up about 2.5% and above Donald ...Read more

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Trump talks with Apple's Cook as iPhone price hikes loom

Business / Business News /

U.S. President Donald Trump said he spoke with Apple Inc. Chief Executive Officer Tim Cook earlier on Monday, just as the iPhone maker was reported to be considering price increases later this year.

Apple is weighing whether to raise prices for an iPhone lineup coming in the fall, the Wall Street Journal reported, citing people familiar with ...Read more

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Sam Altman's eye-scanning orbs have arrived, sparking curiosity and fear

Business / Business News /

Earlier this month, a mysterious store selling a vision of the future opened its doors in downtown San Francisco's Union Square district.

A cryptic message appeared on the storefront window: "World is the real human network. Anonymous proof of human and universally inclusive finance for the age of AI. Millions of humans in over 160 countries. ...Read more

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B&O Railroad steams toward its 200th anniversary

Business / Business News /

BALTIMORE — A college lad spent his Christmas days off in the winter of 1937 working as extra help on the Camden Station platform near today’s Oriole Park at Camden Yards.

What made an impression that day was the arrival of President Washington, one of the Baltimore and Ohio Railroad’s fanciest steam locomotives that headed a string of ...Read more

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Trump tariffs hit Missouri farmers hard. 'That's going to come out of my pocket'

Business / Business News /

Blake Hurst has had a lot to worry about lately. A third-generation soybean, corn and flower farmer in northwestern Missouri, he is currently planting crops.

But commodity prices have been low, droughts have turned his fields to dust and now, he said, new tariffs threaten to disrupt his family business.

Since stepping into office, President ...Read more

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Commentary: Trump's tariffs decimate small businesses

Business / Business News /

President Donald Trump’s goal of more manufacturing in the United States is laudable. However, the approach of using tariffs as a weapon is reckless and will lead to price hikes and supply chain disruptions and destroy the backbone of America — small businesses.

As a small business owner, I know firsthand the pain of tariffs imposed on ...Read more

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Hollywood's chaotic week of Trump, tariffs and tax break talk ends with no clear direction

Business / Business News /

It's been a chaotic week in Hollywood.

Less than a week ago, President Trump called for 100% tariffs on movies made outside the U.S., a move meant to bring productions home that most people in the industry believe would have devastating consequences for the entertainment business.

Then industry trade publication Deadline published the "Make ...Read more

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REI members block leadership picks to guide struggling co-op's future

Business / Business News /

SEATTLE — Three candidates for REI's board of directors were rejected by voting members, a win for a union that launched a campaign against the picks two months ago.

Two of the candidates were up for reelection, with their terms expiring this year. The other open spot was a point of contention for the REI union, which represents workers at 11...Read more