Columbus, OH

The Associated Press

CVS Health chopped its 2024 forecast for a third time this year and changed the leadership of its health insurance business where it continues to struggle with rising costs. CEO Karen Lynch will lead the insurance segment, replacing Executive Vice President Brian Kane, who is leaving the company about a year after arriving, the health care giant said Wednesday.

CVS Health cuts its 2024 forecast a third time, dragged down by health insurance struggles

Fox Business

CVS said Wednesday that it's launching a multi-year productivity initiative. It also cut its outlook for the year as its health care benefits segment continues to face pressure.

CVS cuts outlook, plans $2B cost-cutting effort

Kiplinger

CVS Health (CVS) stock is in negative territory Wednesday after the pharmacy chain and healthcare benefits provider reported mixed results for its second quarter and slashed its full-year profit forecast. In the three months ended June 30, CVS said its revenue increased 2.6% year-over-year to $91.2 billion, driven by growth...

CVS Health Stock Drops After Cutting Profit Forecast Again

CVS Health (CVS) shares lost ground in early trading Wednesday after the pharmacy giant slashed its 2024 earnings guidance again amid increased medical costs and announced the departure of the head of its Aetna unit. The company lowered its 2024 guidance for earnings per share (EPS) for a third straight...

CVS Cuts Its Full-Year Profit Outlook, Again

Workiva sells a unique suite of cloud-based software products. The company has a significant opportunity in the environmental, social, and governance (ESG) software industry. Workiva stock is the cheapest it has been in four years, and Wall Street is bullish on its prospects. Workiva stock might be a great tech...

1 Growth Stock Down 54% to Buy on the Dip, According to Wall Street

The Motley Fool

The Oracle of Omaha's short-term actions and long-term ethos don't always mesh.

Warren Buffett Has Sold Almost $2.3 Billion of Bank of America Stock -- and It's a Direct Reminder of His $56 Billion Warning to Wall Street

New York City, NY

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writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Georgia State

Seven insurers are exiting Medicare Advantage markets in 2025, a number that is likely to grow in the fall. There are 3,959 Medicare Advantage plans available nationwide in 2024. The average number of plans available to beneficiaries is 43, unchanged from 2023. Seven insurers exiting Medicare Advantage markets in 2025:

7 payers exiting Medicare Advantage markets in 2025

California State

Although New York is home to one of the priciest cities in the world, the state itself no longer ranks as the most expensive U.S. state to retire, according to Bankrate. This year, California takes the top spot on Bankrate's ranking of the most expensive states to retire, knocking New York — last year's No.1 — to second place.

This is the most expensive state to retire—it's not New York or Hawaii

Jessica Jackson was afraid of heights when she first started her job as a wind turbine service technician — now, she spends most of her days working 300 feet in the air. Jackson, 37, is a technician at Vestas, a wind turbine manufacturer, in Bee County, Texas, and earns $73,000 per year.

37-year-old mom earns $73,000 in one of the most in-demand jobs in the world—and it doesn't require a degree: 'I love what I do'

Apple reported a 5% revenue increase for its fiscal third quarter, totaling $85.8 billion, with earnings per share at $1.40, up 11% year over year. iPhone sales, representing 46% of quarterly sales, saw a better-than-expected drop of 0.9% to $39.30 billion, surpassing the 2.2% decline analysts predicted. Apple's Services division...

Apple’s third quarter revenue beats market expectations

Kentucky State

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contributor

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

Denver, CO

David Heitz

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

Net income dropped from Q1 2024's $180.5 million. UWM Holdings Corporation, the publicly traded indirect parent of United Wholesale Mortgage (UWM), today announced its results for the second quarter ended June 30, 2024, reporting a net income of $76.3 million, inclusive of a $115.3 million decline in fair value of MSRs, net, and diluted earnings per share of $0.03.

UWM Holdings Reported Net Income Of $76.3 Million During Q2 2024

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The Pre-Market Rundown 2

Florida State

Akeena

Who would have thought that a chain known for its endless shrimp promotion could find itself in such a pickle? But here we are—Florida-based Red Lobster, which has been reeling from financial troubles, may have finally found a lifeline. After a surprising $11 million loss in the third quarter of 2023 due to that very shrimp deal, Red Lobster filed for bankruptcy in May 2024. And now, there’s a glimmer of hope on the horizon.

A Florida based chain that filed for bankruptcy has reportedly found a potential buyer

Colorado State

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

A stalking horse bid is used as a starting or minimally accepted offer that other interested bidders must surpass if they want to buy the asset or the company. California-based Complete Solaria, a solar technology, services, and installation company will acquire SunPower's Blue Raven Solar business, New Homes business, and non-installing Dealer network.

SunPower files for bankruptcy, to sell some $45 million assets via stalking horse bid

Missouri State

CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

Kemper Corp, a specialized insurance provider, reported a net income of $75.4 million for the second quarter, a significant turnaround from a net loss of $97.1 million in the same period last year. Joseph P Lacher Jr (pictured above), the company's president and CEO, noted that the auto segment's combined...

Kemper publishes Q2 2024 results

NewsBreak

CVS slashes profit guidance, will cut $2 billion in expenses as insurance costs climb

CVS Health slashed its full-year profit outlook and announced a new plan to cut $2 billion in costs over several years as higher medical costs continue...

CVS slashes profit guidance, will cut $2 billion in expenses as insurance costs climb

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