Author: News Room
Two independent medical practices in Minnesota once hoped to expand operations but have spent the past year struggling to recover from the cyberattack on a vast UnitedHealth Group payment system.Odom Health & Wellness, a sports medicine and rehabilitation outfit, and the Dillman Clinic & Lab, a family medicine practice, are among the thousands of medical offices that experienced sudden financial turmoil last year. The cyberattack against Change Healthcare, a division of United, paralyzed much of the nation’s health-care payment system for months.Change lent billions of dollars to medical practices that were short on cash but has begun demanding repayments.Dillman and…
Treasury Secretary Scott Bessent urged skittish global business leaders on Monday to ignore President Trump’s economic naysayers and ramp up investment in the United States, defending an economic agenda that economists warn will slow economic growth and exacerbate inflation.Speaking to executives, entrepreneurs and policymakers, Mr. Bessent argued that the Trump administration’s economic plans go beyond trade policy and will pay off in the long run. He urged them to also focus on Mr. Trump’s plans to cut taxes and regulation, which he said would spur job creation and output.“Tariffs are engineered to encourage companies like yours to invest directly in…
It was closing in on 1 p.m. here when Warren Buffett, seated onstage before a rapt audience of about 40,000 at the CHI Health Center, said that he was getting a “5-minute warning.”To most of those gathered here for the annual meeting of Berkshire Hathaway, his company, it was simply a signal that the annual gathering — known as “Woodstock for capitalists — was drawing to a close. The crowd, a mix of seasoned investors and wide-eyed newcomers, didn’t know they were about to witness a historic moment.But the second Mr. Buffett mentioned the five-minute warning, I knew something big…
John Mulaney describes his weekly Netflix talk show as “a throwback in some ways.” Indeed, it seems to draw inspiration from numerous 20th-century late-night hosts, from Dick Cavett to David Letterman to Conan O’Brien.“It’s almost like the way you might remember a bunch of shows from the past, but it’s not exactly what they were like,” Mr. Mulaney said in an interview from his sun-soaked office in Hollywood. He was between meetings, gearing up for the latest episode of his show, “Everybody’s Live,” which appears Wednesdays at 10 p.m. Eastern.“No element is new,” he added, “but the way they’re being…
A contest of sorts has played out across Europe, the United States and the Middle East in recent days as President Trump’s two older sons have pursued a blitz of family moneymaking ventures capitalizing on their father’s name and power, each seemingly trying to outdo the other.It is a rush to cash in that involves billions of dollars with few precedents in American history.A luxury hotel in Dubai. A second high-end residential tower in Jeddah, Saudi Arabia. Two cryptocurrency ventures based in the United States. A new golf course and villa complex in Qatar. And a new private club in…
To the people who know it, the Hotel del Coronado in San Diego is not a page of history — it’s a chapter. Opened in 1888 by Elisha Babcock and Hampton Story, it was then the largest hotel in the world. The owners set out to create a resort that would “be the talk of the Western world” — a 750-room Victorian right on the edge of the Pacific.Charlie Chaplin, Judy Garland, Babe Ruth, Thomas Edison, Henry Ford — they all came to the Del, as it is known. “Some Like It Hot,” was shot at the hotel. Just up…
French prosecutors said on Monday that the police had arrested seven people over the weekend in connection with the kidnapping of the father of a cryptocurrency entrepreneur, adding that the captive had been freed.In a statement, the Paris prosecutor’s office said it had been informed on Thursday that a man had been kidnapped in Paris and held with “a ransom demand.” The office did not name the kidnapped man.The captive, who had been held in a home in Essonne, an area to the south of Paris, was freed by the police on Saturday evening, the statement said. It added, without…
It was time for Beau Hanson to lay down his bets.Like other farmers in western Iowa, in early April Mr. Hanson was preparing for spring planting. The decisions he made then could determine whether he would be in the red or the black come fall harvest.In farming, there are always uncertainties, and all around Monona County, where Mr. Hanson lives, farmers are weighing them. It has been a tough few years. A wet spring in 2024 meant some farmers had to replant three times. This year, it’s too dry. The price of soybeans has been going down, while the cost…
Less than a year ago, the Federal Reserve took decisive action to bolster the U.S. economy. With inflation easing and the labor market starting to soften, the central bank opted to go big, lowering interest rates by half a percentage point and signaling further cuts to come.Rather than a panicky response to a crisis situation, the decision amounted to the Fed taking out some insurance to protect the labor market from weakening too much.In a barrage of attacks on the central bank recently, President Trump called on Jerome H. Powell, the chair, to lower borrowing costs in a similar fashion…
Warren Buffett, the chief executive of Berkshire Hathaway, said he would step down from that position by the end of the year.Mr. Buffett, 94, transformed Berkshire Hathaway, once a textile company, into a powerful business investor, making billions along the way.Here’s a look back at some of the defining moments in his life.Aug. 30, 1930The ‘Oracle of Omaha’In August 1930, Mr. Buffett was born in Omaha to Leila and Howard Buffett, an investment banker and future Republican congressman.At 9 years old, he started studying the stock market.“I used to chart all kinds of stock, the more numbers the better,” he…