Wall Street is worried about NYCB’s loan losses and deposit levels as stock sinks below $4

Wall Street is worried about NYCB’s loan losses and deposit levels as stock sinks below

A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | Reuters Regional lender New York Community Bank finds itself in an apparently worsening predicament just as the anniversary of last year’s banking turmoil nears. Shares of the … Read more

India’s Zomato hits record high, bucking internet stocks’ sluggishness – Times of India

India’s Zomato hits record high, bucking internet stocks’ sluggishness – Times of India

BENGALURU: Shares of Indian food delivery platform Zomato hit a record high on Friday, as improving profitability paves the way for future growth, triggering a turnaround in investor sentiment.Zomato is the most-valuable internet stock in Asia’s third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). … Read more

Medicaid challenges leave many Black Americans uninsured

Medicaid challenges leave many Black Americans uninsured

Recent changes to Medicaid programs, aimed at closing a health coverage gap in the U.S., have left behind some Americans — particularly people of color. Among the non-elderly population in the U.S. — those under age 65 — insured rates rose during the Covid pandemic, with 3.4 million Americans enrolling … Read more

Outages from Change Healthcare cyberattack causing financial ‘mess’ for doctors

Outages from Change Healthcare cyberattack causing financial ‘mess’ for doctors

Small private practices and health-care providers are facing mounting financial pressures as crucial reimbursement systems remain down for the ninth day, following the cyberattack on Change Healthcare.  Change Healthcare offers tools for payment and revenue cycle management that help facilitate transactions between providers and most major insurance companies. Its parent … Read more

Christie’s just sold a Rothko painting for $100 million in a secret sale. Here are the details

Christie’s just sold a Rothko painting for 0 million in a secret sale. Here are the details

Christie’s auction house in New York. CNBC A version of this first article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Auction house Christie’s just sold a painting for more than $100 … Read more

Economy on a high growth trajectory due to sustained reforms: India Inc – Times of India

Economy on a high growth trajectory due to sustained reforms: India Inc – Times of India

NEW DELHI: India Inc on Thursday said 8.4 per cent GDP growth in the October-December quarter of FY24 has “surpassed” expectations, and the economy is on a high growth trajectory due to sustained reforms undertaken by the government.India’s economic growth accelerated to 8.4 per cent in the October-December quarter of … Read more

Here is Eli Lilly’s competitive edge in GLP-1 obesity drugs and Abbott’s secondary play

Here is Eli Lilly’s competitive edge in GLP-1 obesity drugs and Abbott’s secondary play

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Inflation … Read more

Ransomware group Blackcat is behind cyberattack on UnitedHealth division, company says

Ransomware group Blackcat is behind cyberattack on UnitedHealth division, company says

Change Healthcare on Thursday confirmed that ransomware group Blackcat is behind the ongoing cybersecurity attack that’s caused widespread disruptions to pharmacies and health systems across the U.S. “Our experts are working to address the matter and we are working closely with law enforcement and leading third-party consultants,” Change Healthcare told … Read more

Pfizer RSV vaccine maintains protection in older adults over two seasons in trial

Pfizer RSV vaccine maintains protection in older adults over two seasons in trial

Respiratory syncytial virus vial. Manjurul | Istock | Getty Images Pfizer‘s vaccine against respiratory syncytial virus maintained protection for older adults across two full seasons of the disease in an ongoing late-stage clinical trial, the company announced Thursday. The shot’s efficacy declined slightly compared with the levels of protection after … Read more

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