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Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
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The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
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Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
Health insurer Cigna said on Friday that the government health agency had imposed sanctions that would force it to suspend new enrollment in its Medicare Advantage health plans for seniors as well as its standalone Medicare drug plans.
The government imposed the sanctions because of deficiencies in Cigna's appeals and grievances in both Medicare Advantage and the drug program, the company said in a regulatory filing. It also found deficiencies in the administration of its covered drug plans and its compliance program, the company said.
Cigna said the suspension does not affect members currently enrolled in these plans.
Cigna is one of many private health insurers that manage healthcare and drug benefits for older people and disabled people under the government-paid Medicare program. It is overseen by the Centers for Medicare and Medicaid Services, part of the U.S. Department of Health and Human Services.
Cigna plans to be bought by Anthem and its $45 billion deal is currently under review by antitrust regulators.
Cigna said it is working to resolve the matters as quickly as possible.