Humana stock sank this week after a change to Medicare ratings for its insurance plans. Spencer Platt/Getty ImagesHumana’s stock is down 23% in its worst weekly drop since 2020 and biggest two-day decline since 2009.The drop comes as Medicare downgraded ratings on some of Humana’s health insurance plans.The move is expected to be a drag on the company’s revenue and customer base.It’s been a tough week for Humana.The health insurer’s shares are down 23% since the start of the week, marking its biggest weekly drop since 2020 and its biggest two-day decline in 15 years.The shares were up about 2%…
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The Volkswagen T-Roc, a popular compact crossover in Europe, is set for a significant update. New spy shots reveal a prototype testing alongside the current generation T-Roc R in the Alps, offering a look of the upcoming design changes. While the camouflage heavily conceals the details, we can discern a more aggressive front grille, redesigned headlights and taillights, and a more pronounced rear bumper. Inside, a world oriented touchscreen display, similar to the one found in the Mk8.5 Golf, is expected to be a key feature. 2025 Volkswagen T-Roc Spied Testing with Aggressive Updates and New Tech (Volkswagen) The T-Roc…
By Anirban Sen and Abigail Summerville NEW YORK (Reuters) – Vista Outdoor (NYSE:) on Friday agreed to sell itself in parts to two separate buyers for a total of $3.35 billion, including debt, after fending off a hostile suitor that pursued the sporting goods and ammunitions maker for months. Vista struck a deal to sell its sporting goods unit Revelyst to investment firm Strategic Value Partners for $1.1 billion, according to a statement seen by Reuters. It has also agreed to revise the terms of a previously agreed deal to sell its ammunitions business Kinetic to Prague-based defense contractor Czechoslovak…
For most of the fans, the aim setup for a high-performance automobile would be naturally aspirated. This would be so because most such engines naturally have larger capacities, go higher on the revs to start producing seriously respectable power and offer a much more engaging driving experience together with bigger smiles behind the wheel. Sure, used car prices have gone through the roof in the past year, but there’s still great news in 2024. A slew of big, iconic cars with their engines breathing natural-aspirated air- freighted without force induction-are available for the price of a very well-equipped new Ford…
By Nandita Bose, Andrea Shalal and Jeff Mason WASHINGTON/REDFORD TOWNSHIP, Michigan (Reuters) -Vice President Kamala Harris met with Arab American and Muslim leaders in Flint, Michigan, on Friday, as her presidential campaign seeks to win back voters angry at U.S. support for Israel’s wars in Gaza and Lebanon, two sources said. The meeting is one of several attempts in recent days to mend fences with Muslim and Arab voters, who resoundingly backed Democrat Joe Biden in 2020 but could withhold their votes from Harris in numbers that would cost her the key state of Michigan. Harris met with Emgage Action,…
TORONTO, Ontario, Oct. 04, 2024 (GLOBE NEWSWIRE) — ZenaTech, Inc. (Nasdaq: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, today announced new management team appointments. Craig Passley has been appointed Company Secretary, Sajjad Asif has been promoted to Chief Technology Officer (CTO), and Linda Montgomery has joined the company as Vice President of Corporate Development. Craig Passley, Corporate Secretary, is a construction management executive at M/I Homes (NYSE:), a leading national homebuilder. Previously he served as Corporate Secretary for publicly traded company, Epazz, from 2005 and 2016, as well as for…
Warren Buffett is the CEO of Berkshire Hathaway.Mario Anzuoni/ReutersWarren Buffett has sold 23% of his Bank of America stake for about $10 billion since mid-July.Berkshire Hathaway’s American Express stake is now more valuable than its Bank of America bet.Buffett cashed in about 56% of his massive Apple bet in the first half of this year.Warren Buffett has followed up the surprise paring of his Apple stake by taking a knife to another of his largest holdings: Bank of America.The famed investor’s Berkshire Hathaway sold about 239 million shares or around 23% of its stake in the banking giant between July…
By Akash Sriram and Abhirup Roy (Reuters) – A self-driving Tesla (NASDAQ:) carrying a passenger for Uber (NYSE:) rammed into an SUV at an intersection in suburban Las Vegas in April, an accident that sparked new concerns that a growing stable of self-styled “robotaxis” is exploiting a regulatory gray area in U.S. cities, putting lives at risk. Tesla CEO Elon Musk aims to show off plans for a robotaxi, or self-driving car used for ride-hailing services, on Oct. 10, and he has long contemplated a Tesla-run taxi network of autonomous vehicles owned by individuals. Do-it-yourself versions, however, are already proliferating,…
By Luciana Magalhaes SAO PAULO (Reuters) -Brazil’s Supreme Court said on Friday that lawyers representing social media platform X did not pay pending fines to the proper bank, postponing its decision on whether to allow the tech firm to resume services in Brazil. The payment of the fines, which X lawyers argued that the company had paid correctly, is the only outstanding measure demanded by the court in order to authorize X to operate again in Brazil. X has been suspended since late August in Brazil, one of its largest and most coveted markets, after not complying with court orders…
In a Friday interview with CNBC’s Jim Cramer, Constellation Brands CEO Bill Newlands brushed off concerns about the possibility of higher tariffs, which former President Donald Trump has pledged to implement if elected.”First of all, assuming there was a Trump administration, we already had four years of a Trump administration, and our business was up double-digit during that window of time,” Newlands said. “Two, we have a fair amount of our inputs that come from the United States and then are made into beer in Mexico. I highly doubt any perspective on tariffs would really be around: How do you…