Business

The Powerball prize has grown to $950 million — the game’s sixth-largest prize in its history — after there was no jackpot winner in Wednesday’s drawing. The winning numbers in Wednesday’s drawing were: 9, 12, 22, 41 and 61 and red Powerball 25. With the growing jackpot, a winner in Saturday’s drawing can between an annuitized prize of $950 million …

UnitedHealth (UNH) stock has plunged 40% year-to-date due to multiple reasons, including the U.S. Department of Justice’s (DOJ) investigation into the company’s Medicare billing practices and disappointing financials due to higher medical costs, mainly related to Medicare Advantage plans. Despite the ongoing pressures, most analysts remain bullish on UNH stock and patiently await a turnaround in the health insurer’s business. …

AT&T Can Provide a Dividend—and a Higher Stock Price, Too  Barron’s EchoStar to sell wireless spectrum licenses to AT&T in $23 billion deal  Reuters AT&T: Spectrum Nightmare Returns (NYSE:T)  Seeking Alpha Exclusive / Musk’s Starlink, T-Mobile eye EchoStar’s spectrum after AT&T deal  Semafor Is AT&T/EchoStar a competitive pitfall for cable?  Fierce Network Source link

By BEN SHIMKUS, US CONSUMER REPORTER and REUTERS Published: 13:49, 28 August 2025 | Updated: 15:14, 28 August 2025 America’s most iconic automaker has issued another recall, extending its record-breaking pace.  Ford Motor posted another safety bulletin with federal safety regulators: this time, the recall impacts nearly 500,000 vehicles in the US.  The issue involves a brake fluid leak, the …

WASHINGTON — Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is raising the alarm on Chinese money laundering networks (CMLNs), which pose a significant threat to the U.S. financial system. FinCEN is issuing: (1) an Advisory to urge financial institutions to be vigilant in detecting the use of CMLNs by Mexico-based drug cartels, including several designated …

KEY TAKEAWAYS Tesla’s sales in the European Union tumbled in July for a seventh consecutive month, while those of Chinese rival BYD’s soared. According to the European Automobile Manufacturers’ Association, Tesla’s EU new car registrations, which serve as a proxy for sales, plunged 42.4% year-over-year, while those of BYD’s soared 206%. Tesla shares, which entered Thursday down 13% this year, …

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Fed governor Lisa Cook sues Trump to block effort to remove her from central bank  The Washington Post Trump Administration Live Updates: Fed Governor Sues President Over ‘Unprecedented and Illegal’ Firing  The New York Times Will the Supreme Court give Trump even more power by letting him fire Lisa Cook?  The Boston Globe Trump’s attack on Lisa Cook is an attack on all …

Fed Governor Lisa Cook Sues Trump Over Dismissal  The New York Times Fed Governor Lisa Cook sues to challenge Trump’s attempt to fire her, setting up a showdown over presidential power  CNN Federal Reserve governor sues Trump over sacking  The Telegraph How much danger is America’s central bank in?  The Economist Trump’s Push to Fire Lisa Cook Puts Fed Independence on Trial  The New York …

WASHINGTON — The White House said Thursday that it has fired a member of the Surface Transportation Board, a move that comes as the independent federal regulatory agency is considering the proposed merger of Union Pacific and Norfolk Southern railroad companies. “Earlier this evening, I received an email from the White House purporting to terminate my position at the Surface …