Authorities Arrest Fugitive Behind Alleged $547 Million Medicare Fraud

Iran Begins Retaliation Amid Trump's 'Large & Powerful Strikes' - Explosions Heard In Jordan Summary Explosions in Jordan reported amid initial Iranian retaliation. Reports of fresh US strike wave on southern Iran, oil soars Bessent Says Hormuz Will Be "Worthless Piece of Water" In Two Years Iran offers conditional ceasefire: Pezeshkian says Iran will return to talks if the US honors prior commitments, which Tehran says it has violated. Tankers hit in Strait of Hormuz: Two supertankers struck exiting Hormuz, escalating energy-market risks. Oil prices surge: Brent crude rose above $92/barrel. Diesel supply squeezed: Refinery disruptions are driving diesel prices and margins sharply...

All Banks Pass Fed's Stress Test, Unleashing Latest Wave Of Dividends And Buybacks In all the excitement over Micron's blowout earnings, we almost forgot that today was another Fed stress test day - which every bank passed with flying colors as usual - which in turn allowed bank to unleash a fresh flood of dividends and buybacks. The biggest US banks boosted their dividends after passing this year’s Federal Reserve stress tests, a hurdle that even Bloomberg admits has "softened" in recent years as regulators hash out new requirements. The results of...

A "Black Mark" On Tim Cook's Resume: How Apple Missed The AI Revolution Apple's AI problems didn't become impossible to ignore because competitors released better chatbots. They became impossible to ignore when Apple itself realized it had fallen behind, according to a new feature by Bloomberg.  By early 2025, senior leaders inside the company were holding emergency-level discussions about the state of Apple's AI efforts. What was supposed to be a major leap forward—Apple Intelligence and a next-generation Siri—had instead exposed deeper weaknesses. While Google, OpenAI, Microsoft, Meta, and Anthropic were...