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A cyberattack earlier this year against a UnitedHealth Group subsidiary has proved costly for one of the nation’s largest employers. The health insurance giant on Tuesday noted $872 million in “unfavorable cyberattack effects” in its report of first quarter operations earnings. Those unfavorable effects refer to the February 21 cyberattack on Change Healthcare, which shut down operations at hospitals and pharmacies for more than a week. The $872 million includes “the Change Healthcare business d…
4 days ago
cbsnews.com
A cyberattack earlier this year against a UnitedHealth Group subsidiary has proved costly for one of the nation’s largest employers. The health insurance giant on Tuesday noted $872 million in “unfavorable cyberattack effects” in its report of first quarter operations earnings. Those unfavorable effects refer to the February 21 cyberattack on Change Healthcare, which shut down operations at hospitals and pharmacies for more than a week. The $872 million includes “the Change Healthcare business d…
4 days ago
cbsnews.com
Tesla plans to lay off more than 10% of its employees, multiple news outlets report, as the electric vehicle maker continues to struggle through a sharp sales slump. Tesla had 140,473 employees as of December 2023, which means at least 14,000 could be out of a job by the end of this year. News of the layoffs was first reported by electric vehicle website Electrek. Tesla did not immediately respond to a request for comment from CBS MoneyWatch.Shares of Tesla fell nearly 3% in Monday morning tradi…
5 days ago
cbsnews.com
Being a caddie at the Masters is an entirely different experience than doing the job anywhere else — just ask Ken Martin.“Caddies are treated really great at Augusta,” said Martin, who caddied for Scottish golfer Sandy Lyle at the major tournament last year. “We had our own locker room. They feed us just wonderful food — the best food I’ve ever had really. But it’s a long week. You have to be fit to get around that hilly course.“Some of the biggest names in professional golf, including Tiger Woo…
8 days ago
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Shoppers are heading to Costco for more than just budget-friendly hot dogs. The warehouse club has seen a spike in sales ever since it began selling 1-ounce bars of 24-karat gold last September. With the gold bullion selling out faster than the store could replenish its stock, the discount giant in January added silver coins to its offerings of precious metals. According to a recent estimate from Wells Fargo, the members-only retailer now sells $100 million to $200 million worth of gold and silv…
9 days ago
cbsnews.com
It started with a YouTube video of several young dudes hitting absurdly difficult trick shots on a backyard basketball hoop. Some 15 years later, those pals — now with more than 60 million subscribers on the platform and known as Dude Perfect — can celebrate an investment ranging from $100 million to $300 million from one of the country’s premier private investment firms. Highmount Capital said Tuesday it is investing “9 figures” in Dude Perfect, a creator of online content formed in 2009 by fiv…
11 days ago
cbsnews.com
Rising U.S. real estate prices and higher mortgage rates aren’t the only challenges to owning a home these days. Between 2022 and 2023, property taxes shot up as much as 31% in some parts of the country, recent data shows. Homeowners saw their property taxes increase an average of 4.1% over that period, according to an analysis of more than 89 million single-family homes, by ATTOM Data Solutions, a provider property data. That translates to a typical tax bill last year of $4,062, up from $3,901…
12 days ago
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Rising U.S. real estate prices and higher mortgage rates aren’t the only challenges to owning a home these days. Between 2022 and 2023, property taxes shot up as much as 31% in some parts of the country, recent data shows. Homeowners saw their property taxes increase an average of 4.1% over that period, according to an analysis of more than 89 million single-family homes, by ATTOM Data Solutions, a provider property data. That translates to a typical tax bill last year of $4,062, up from $3,901…
12 days ago
cbsnews.com
Many Americans are struggling to keep a roof over their head amid the high cost of housing in the U.S.About half of homeowners and renters said they have periodically struggled this year to afford their mortgage payment or rent, according to a recent survey from online real estate broker Redfin. To keep up with their housing payments, some homeowners and renters report selling their belongings, picking up overtime shifts, canceling vacations, working a second job and even skipping meals. The cos…
11 days ago
cbsnews.com
Eight men allegedly operated a beer heist ring that swiped cases of Corona and Modelo Especial valued at hundreds of thousands of dollars from distribution centers and rail cars in Connecticut, Massachusetts, New Jersey and New York.Seven of the men were arrested on Wednesday, according to the U.S. Attorney’s Office, Southern District of New York. The man who prosecutors believe was the ringleader, Jose Cesari, turned himself in to federal authorities on Thursday after being at large, a spokesma…
15 days ago
cbsnews.com
U.S. employers added 303,000 jobs in March, far surpassing economists’ predictions and signaling the labor market remains strong.Analysts surveyed by FactSet expected businesses had added 200,000 jobs last month. The unemployment rate held steady at 3.8%, the U.S. Department of Labor said on Friday.The latest data, which continues the trend of scorching hot hiring earlier this year, is likely to play into the Federal Reserve’s decision on whether to cut its benchmark interest rate this year, and…
15 days ago
