Business News Archives - Page 3 of 9

Suspect in the killing of UnitedHealthcare’s CEO struggles, shouts while entering courthouse

ALTOONA, Pa. (AP) — Court records show New York prosecutors have charged a man with murder in the fatal shooting of UnitedHealthcare’s CEO. Luigi Nicholas Mangione is being held without bail Tuesday in Pennsylvania after he was arrested and arraigned on gun, forgery and other charges the day before. He is expected to be extradited to New York eventually. It’s unclear whether the 26-year-old Mangione has an attorney who can comment on his behalf. Authorities say he was arrested in Altoona, Pennsylvania, after a McDonald’s customer noticed another patron who resembled the man in security-camera photos that New York police had publicized.… Continue Reading

Stock market today: Nvidia drags Wall Street lower as oil and gold rise

NEW YORK (AP) — A slide for market superstar Nvidia helped pull U.S. stock indexes down from their records. The S&P 500 fell 0.6% Monday, coming off its 57th all-time high of the year so far. The Dow Jones Industrial Average fell 0.5%, and the Nasdaq composite dropped 0.6% from its own record. Nvidia was the market’s heaviest weight after China said it’s probing the chip giant for potential antitrust violations. Stocks in Hong Kong jumped after top Chinese leaders agreed on a “moderately loose” monetary policy. Prices for oil and gold rose following the ouster of Syrian leader Bashar Assad.… Continue Reading

Man in custody had a gun, mask and writings tying him to killing of UnitedHealthcare CEO, police say

NEW YORK (AP) — New York City’s police commissioner says police have arrested a 26-year-old with a weapon “consistent with” the gun used in the killing of UnitedHealthcare CEO Brian Thompson. Thompson died in a dawn ambush Wednesday as he walked to the company’s annual investor conference from his hotel to the company’s annual investor conference across the street. NYPD Chief of Detectives Joseph Kenny said Luigi Nicholas Mangione was taken into custody Monday. Police Commissioner Jessica Tisch said said at a news conference that Mangione was taken into custody after police got a tip that he had been spotted at a McDonald’s in Pennsylvania.… Continue Reading

Search for UnitedHealthcare CEO’s killer yields evidence, but few answers

NEW YORK (AP) — As the search for UnitedHealthcare CEO Brian Thompson’s killer stretches into a fourth day and beyond the New York City limits, investigators are reckoning with a tantalizing dichotomy. They have troves of evidence, but the shooter remains an enigma. Retracing his steps using surveillance video, it now appears he left the city on a bus soon after the shooting Wednesday morning outside the New York Hilton Midtown. He was seen on video at an uptown bus station about 45 minutes later. The FBI announced late Friday that it was offering a $50,000 reward for information leading to an arrest and conviction. Late Saturday, police released two additional photos of the suspected shooter that appeared to be from a camera mounted inside a taxi.… Continue Reading

Police believe gunman who killed UnitedHealthcare CEO has left New York City

NEW YORK (AP) — Police officials believe the gunman who killed the CEO of the largest U.S. health insurer may have fled the city on a bus. Video of the suspected shooter leaving the scene of Wednesday’s shooting of UnitedHealthcare CEO Brian Thompson showed him riding a bicycle to Central Park and later taking a taxi cab to a bus depot, the chief of detectives told CNN on Friday. The police commissioner said investigators believe he left New York City. The gunman made sure to conceal his identity with a mask during the shooting yet left a trail of evidence in view of the nation’s biggest city and its network of security cameras. The reason for the killing remains unknown.… Continue Reading

Stock market today: Wall Street hangs around its records as bitcoin briefly pops above $100,000

NEW YORK (AP) — U.S. stocks slipped below their records in the runup to a big jobs report due on Friday. The S&P 500 edged down 0.2% Thursday after setting an all-time high for the 56th time this year the day before. The Dow Jones Industrial Average lost 0.6%, while the Nasdaq composite fell 0.2%. The crypto market had much more action, and bitcoin briefly burst to a record above $103,000 before falling back toward $99,000. It’s climbed dramatically since Election Day on hopes President-elect Donald Trump will be more friendly to crypto. Airline stocks were strong, while Treasury yields held relatively steady in the bond market.… Continue Reading

Ammunition used in CEO’s killing had ‘Deny,’ ‘defend’ and ‘depose’ written on it, AP source says

NEW YORK (AP) — A law enforcement official says a masked gunman who stalked and killed the leader of one of the largest U.S. health insurance companies on a Manhattan sidewalk used ammunition emblazoned with the words “deny,” “defend” and “depose.” The official was not authorized to publicly discuss details of the ongoing investigation and spoke Thursday to The Associated Press on condition of anonymity. The words on the ammunition may have been a reference to strategies insurance companies use to try to avoid paying claims. UnitedHealthcare CEO Brian Thompson died in a dawn ambush Wednesday as he walked to the company’s annual investor conference.… Continue Reading

Bitcoin tops $100,000 as big rally sparked by Trump election win rolls on

NEW YORK (AP) — Bitcoin has topped the $100,000 mark as a massive rally in the world’s most popular cryptocurrency sparked by the election of Donald Trump rolls on. The milestone comes just hours after the President-elect signaled a lighter regulatory approach to the crypto industry with his choice of crypto advocate Paul Atkins to be the next chair the Securities and Exchange Commission. Bitcoin has soared to unprecedented heights since Trump won the election Nov. 5. The cryptocurrency has climbed dramatically from $69,374 on Election Day and rose as high as $101,512 Wednesday.… Continue Reading

Stock market today: Tech stocks and AI pull Wall Street to more records

NEW YORK (AP) — U.S. stock indexes reached more records after tech companies talked up how much artificial intelligence is boosting their results. The S&P 500 climbed 0.6% Wednesday to add to what looks to be one of its best years of the millennium. The Dow Jones Industrial Average gained 0.7%, while the Nasdaq composite added 1.3% to its own record. Salesforce pulled the market higher after highlighting its artificial-intelligence offering for customers. Marvell Technology jumped even more after saying it’s seeing strong demand from AI. Treasury yields eased, while bitcoin climbed after President-elect Donald Trump nominated a crypto advocate to head the Securities and Exchange Commission.… Continue Reading

UnitedHealthcare CEO is killed in a ‘targeted shooting’ outside a New York hotel, officials say

NEW YORK (AP) — New York City’s police commissioner says the killing of UnitedHealthcare CEO Brian Thompson was a “brazen, targeted attack.” Jessica Tisch made the comments during a news conference Wednesday. The 50-year-old Thompson was set to speak at an investor meeting when he was gunned down around 6:45 a.m. outside the New York Hilton Midtown by a shooter who fled on foot and then a bicycle, according to the New York Police Department. Though officials said the attack appeared to be targeted, they did not yet have a motive for the shooting.… Continue Reading