Author: Anthony M. Orbison

By Amina Niasse NEW YORK (Reuters) -The U.S. government announced quality ratings for 2025 Medicare health and prescription drug plans on Thursday, the first indication of which large health insurers, including CVS Health (NYSE:), UnitedHealth Group (NYSE:) and Humana (NYSE:), will get bonus payments in 2026. Sixty-two percent of people currently enrolled in Medicare Advantage plans that cover prescription drugs are covered by plans rated four or more stars, the Medicare agency said in its release, down from 74% last year. About 40% of plans being offered are four stars or higher, down from 42% in 2024. The agency scores…

The Securities and Exchange Commission (SEC) charged Chicago-based crypto market maker Cumberland DRW for allegedly operating as an unregistered securities dealer on Oct. 10.According to the SEC’s complaint, Cumberland has traded over $2 billion in crypto classified as securities since at least March 2018.The agency alleges that these activities, conducted through Cumberland’s trading platform Marea and over the phone, violated federal securities laws intended to protect investors.Jorge G. Tenreiro, acting chief of the SEC’s Crypto Assets and Cyber Unit, stated:“The federal securities laws require all dealers in all securities to register with the Commission, and those who operate in the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rescue operations were under way in Florida on Thursday as officials sought to assess the damage inflicted by Hurricane Milton as it crossed the state overnight, triggering widespread flooding and leaving millions without power.Florida governor Ron DeSantis on Thursday morning said state search and rescue teams were engaged in 125 active missions, with 48 people successfully rescued from torrential floodwater and destroyed buildings. Ten people had been killed, said homeland security secretary Alejandro Mayorkas.The Tampa Bay area was spared the catastrophic storm…

At this stage in the political cycle, the one bipartisan issue may be that we’ve all had enough of campaign ads, whether presidential, state or local. However, the bane of your viewing experience may prove beneficial to your wallet. In this sneak peek from the quarterly TheStreet Pro members’ call, portfolio manager Chris Versace revealed the investing play you could be leaving on the table as digital advertising accelerates into the final days of the 2024 presidential election. Catch Versace’s comprehensive review of the market and the entire TheStreet Pro portfolio here. Make the most of your money with TheStreet: Reach your money goals…

Este artículo también está disponible en español. Ethereum has been experiencing sluggishness in its price performance recently, as the cryptocurrency continues to closely follow Bitcoin’s movements. Currently trading at $2,392, Ethereum is down 1.5% in the past 24 hours, adding to its gradual decline in recent days. This drop follows a brief price surge last week, where Ethereum saw a slight surge to above $2,600. Despite the minor increase, Ethereum remains down by 51% from its all-time high of $4,878, recorded in 2021. Related Reading Ethereum Potential To Fall 53% The sideways movement in Ethereum’s price has left traders cautious.…

Dozens of tornadoes spawned by Hurricane Milton caught many Floridians by surprise as they braced for heavy rain, strong winds and storm surges. Violent twisters were seen crossing highways, ripping off roofs and downing trees and power lines. When Debbie Jones felt a drop in pressure and her ears popping in the Holiday Pines neighborhood of Ft. Pierce, she knew it was a tornado. “All of a sudden, the the power went out. I started hearing the wind pick up and debris start hitting very loudly. So I cranked the hurricane shutters shut and bolted out of there with them,”…

NEW YORK (Reuters) – Shares of former U.S. President Donald Trump’s media company hit their highest closing level in about six weeks on Thursday, with the stock rising 17.3% on brisk volume as it extended recent gains. Trump Media & Technology Group, which is 57% owned by the Republican presidential nominee running against Vice President Kamala Harris, is now up 46% for the week so far, closing at $24.12. About 44 million shares exchanged hands in the session, roughly triple their 30-day average volume, according to LSEG data. Trump’s odds of winning the Nov. 5 U.S presidential election have edged…

Este artículo también está disponible en español. Dogecoin is currently testing a crucial demand level after experiencing a 23% decline from its local highs of $0.13. As the meme coin navigates this turning point, the broader crypto market anticipates a potential rally in the coming weeks, driven by the Federal Reserve’s recent decision to cut interest rates. However, October kicked off with increased selling pressure, leaving investors searching for signs of strength in Dogecoin’s price action. Related Reading Top analyst Mister Crypto has shared a bullish outlook, stating that Dogecoin could begin its next rally “any time now.” His technical analysis…

(Bloomberg) — Advanced Micro Devices Inc. suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence chips but didn’t provide hoped-for information on customers or financial performance.Most Read from BloombergThe stock slid 4% to $164.18 on Thursday, making the biggest single-day drop since Sept. 3. Shares of the company, which hosted an event in San Francisco on Thursday, remain up 11% this year.AMD has emerged as the biggest contender to Nvidia Corp. in the lucrative market for artificial intelligence processors, and Chief Executive Officer Lisa Su argued that its latest chips will exceed…

The luxury market has been facing one of its hardest slumps of all time, reporting tumbling sales and crumbling earnings that seem to only down-spiral quarter after quarter.In hopes of exiting the luxury slump, multiple luxury fashion groups and houses have been forced to devise new strategies to restore their earnings to profitable levels. Don’t miss the move: Subscribe to TheStreet’s free daily newsletterBecause of this concerning pattern, various fashion groups have had to shed their less profitable counterparts, and independent brands have had to be acquired by bigger companies or accept the fact that closures may be in their near…