Columbus, OH

The Motley Fool

UNH earnings call for the period ending June 30, 2024.

UnitedHealth Group (UNH) Q2 2024 Earnings Call Transcript

UnitedHealth Group posted $4.2 billion in net income during the second quarter of 2024, a 23% decline year over year. The company said it has restored the majority of affected Change Healthcare services and has provided more than $9 billion in advance funding and loans to providers. The total full year impact of the breach is estimated at $1.90 to $2.05 per share, with the company raising the estimated total cost of the attack to around $2.45 billion.

UnitedHealth posts $4.2B profit in Q2

UnitedHealth saw an elevated medical loss ratio in Q2, and executives pointed to the Change Healthcare cyberattack as a key factor. UnitedHealthcare had an MLR of 85.1% in the second quarter, compared to 83.2% in the prior year quarter. The insurer called out multiple elements that contributed to the elevated ratio in its earnings call on Tuesday morning. For one, UHC CEO Brian Thompson said there's a clear difference in coding intensity after the insurer ended care waivers offered following the cyberattack.

UnitedHealth expects cyberattack-related impacts to top $2.3B

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Virginia State

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Margaret Minnicks

WVTF reported that a new Virginia law will become effective on July 1, 2024. The law will prevent utility companies from disconnecting services on various occasions, which could leave someone without power for days.

A new law will keep utilities from being disconnected on weekends and holidays in Virginia

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

24/7 Wall St.

24/7 Wall Street Insights Sports drink brand Celsius has impressively gained 5,000% over the past 5 years.  Celsius stock has a history of wide price swings by as much as 40 or more points. Some analysts have a Celsius price target of $110, a price within reach of its $98.95 high of May 19th. A […]
The post 1 Stock-Split Stock That Can Soar 80%, According to a Wall Street Analyst appeared first on 24/7 Wall St..

1 Stock-Split Stock That Can Soar 80%, According to a Wall Street Analyst

Rates on 30-year new purchase mortgages fell for a third consecutive day Friday, sinking to 6.70%. That's the lowest average since early spring, and is a notable improvement after rates started July above 7%. Rates for most other mortgage types also ended the week lower. National Averages of Lenders' Best...

Mortgage Rates Keep Dropping, To Lowest Level Since March

California State

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Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Uber Technologies shares rose Tuesday after the company announced new features, including the ability to search what offerings are available in thousands of cities around the world. Users will be able to see average wait times and prices for trips. Uber also announced a partnership with Air France-KLM Group that...

Uber To Show Average Wait Times, Prices in Many Cities

While U.S. retail spending was unchanged in June, the data was better than the decline economists expected. Weak motor vehicle sales are partly attributed to a cyber attack that disrupted data collection. Retail sales data feeding into gross domestic product (GDP) calculations show that the economy in the second quarter...

US Consumer Spending Remains Surprisingly Resilient

Denver, CO

David Heitz

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

Chipotle is growing revenue quickly thanks to new store openings and strong comps growth. It plans to hit 7,000 locations in North America and could expand even more around the world. The stock looks expensive at current prices, even after the stock split. The company is putting up record numbers,...

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Bank of America shares rose Tuesday after reporting better second-quarter revenue and profit than analysts had projected. Net interest income, however, was lower than the same time last year, as Bank of America joins other banks that recently reported drops to NII in the second quarter. The bank's investment banking...

Bank of America Posts Earnings Beat on Investment Banking Boost

Netflix is set to report second-quarter earnings after the bell Thursday, with investors likely to be watching for continued subscriber growth. Analysts expect Netflix's revenue and earnings to rise from the year-ago quarter. Netflix could also offer updates regarding the company's push to expand its sports entertainment offerings. Netflix (NFLX)...

What You Need To Know Ahead of Netflix's Earnings Report

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

One in four sellers decreased the price of their home to entice buyers, a new Zillow report said. Home listings have increased as some sellers who were waiting for lower rates give up as high interest rates persist. Buyers remain on the fence even as mortgage rates start to wane...

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Pennsylvania State

Bucks County Beacon

“Who sits there and thinks, with all the needs we have in America, of criminalizing the homeless?” wonders Pastor Robert Brown of Bristol’s Bible Evangelical Methodist Church after learning that the United States Supreme Court approved punishing those experiencing homelessness who have nowhere to sleep.

After SCOTUS OK’s Criminalization of Homelessness, Pennsylvania Democrats Plan Legislative Response to Protect Rights of the Unhoused

NewsBreak

UnitedHealth Beats on Profit But Continues To Feel Effects of Cyberattack

UnitedHealth Group's earnings exceeded forecasts as its Optum division added more patients and pharmacy customers. Profit was negatively impacted by the continuing effects of a February...

UnitedHealth Beats on Profit But Continues To Feel Effects of Cyberattack

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