Following the sudden departure of its CEO, the health insurer is now facing an employee lawsuit that alleges UnitedHealth reduced employer contributions to the 401(k) plan by more than $19 million by using forfeited funds from departing employees, an ERISA violation.
Long-dated Treasuries have become less attractive to investors since Moody’s downgraded the United States from AAA, reinforcing Wall Street’s worries over the U.S. sovereign bond market.
“The economy is in a lot of flux, policy is in flux, there’s a lot of uncertainty. I think we’ll have to wait three to six months to start to see where this settles out.”
“China has too much leverage over the U.S. for the U.S. to continue with its hardline stance. ... What we need to keep in mind is leverage and who has that leverage.”
The health insurer is accused of using forfeited funds from departing employees to reduce employer contributions to the retirement plan instead of using the funds to reduce administrative fees.
“For now, distributors are not passing on all these extra costs to consumers. It will take more time to assess whether a sustained squeeze on margins is occurring.”
Corporate cash managers need to pull themselves up the learning curve so that they’re ready to invest in tokenized money-market funds once safeguards for liquidity, safety, and yield are firmly in place.
