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The suit accuses the father and son of failing to disclose to investors that they had been terminated from advisory firm Waddell & Reed, and of impersonating certain clients to make securities transactions.
The healthcare provider negotiates lower rates with in-network providers to save members money; however, members allege that Cigna participated in a "fraudulent scheme" that overcharged members.
According to the New York Fed, a reduction in shipping congestion, an easing of parts shortages, and weakening consumer demand have result in below-normal supply-chain pressures around the world.
January's personal consumption expenditures (PCE) price index came in hotter than expected today, rising 5.4% from a year earlier vs. a 5% increase in December.
Some Republican lawmakers insist that the limit will be raised and the U.S. government will not default on its debt. Others seem to be considering alternatives that Powell considers to not be viable.
