The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
Anthem reported a better-than-expected quarterly profit on Wednesday as it kept a tight leash on patient payouts, prompting the health insurer to raise its full-year profit forecast.
The company said it was prioritizing investments throughout 2018 on infrastructure that can quickly respond to the evolving needs of its customers - a sign it may continue to steer clear of major acquisitions.
The healthcare sector has been rapidly consolidating over the past year with companies looking for new ways to bolster profits as the industry faces greater scrutiny for rising costs.
Rival Aetna is expected to be bought for $69 billion by pharmacy chain CVS Health and Cigna has proposed acquiring Express Scripts, the largest U.S. independent pharmacy benefit manager, for $54 billion.
Last year, Anthem announced a plan to launch an in-house pharmacy benefit management business in 2020.
On Wednesday, the company said its benefit expense ratio improved to 81.5 percent from 83.7 percent in the same period a year ago. The metric measures an insurer's expenditure on claims against the premiums it earns.
The decrease was primarily driven by the return of a health insurance tax in 2018 and improved medical cost performance across its businesses, the company said.
Piper Jaffray analyst Sarah James said she was encouraged by the lower medical loss ratio, believing that this could be evidence of the beginning of changes under Chief Executive Gail Boudreaux, who joined the company late last year.
"This was a clean and positive quarter for Anthem," she added.
Anthem's net income rose 30 percent to $1.31 billion, or $4.99 per share, in the first quarter ended March 31.
Excluding items, the company earned $5.41 per share, way above the average analyst estimate of $4.88, according to Thomson Reuters I/B/E/S.
Medical enrollment totaled about 39.6 million members at March 31, a fall of 2.5 percent, driven predominantly by a reduced footprint in Obamacara market.
Total revenue was largely flat at $22.54 billion.
The insurer said it now expects 2018 adjusted net earnings to be greater than $15.30 per share, up from its previous estimate of earnings of greater than $15 per share.
Anthem shares were up nearly 1 percent in light premarket trading. They are up 33.6 percent in the past 12 months but flat year to date.