Cigna Group will eliminate prescription drug rebates in many of its commercial health plans in 2027, upending an opaque, controversial practice that’s drawn the ire of President Donald Trump.

The insurer will expand the rebate-free model to clients of its pharmacy benefits business starting in 2028. The plan to eventually phase out rebates ...Read more

Soybeans and other crops soared as progress in negotiations between the U.S. and China lifted hopes that the world’s two largest economies were edging toward a deal in their protracted trade war.

Soy futures rose as much as 2.8% in Chicago, reaching the highest since July 2024. That came after U.S. Treasury Secretary Scott Bessent said China ...Read more

A federal judge handed Abbott Laboratories another win this week in its yearslong battle over the safety of its formulas for babies born prematurely — a decision that could have implications for hundreds of other cases.

In the case, Deondrick Brown Sr. and Rebekah Etienne alleged that Abbott’s formula for premature babies was “...Read more

BRIDGETON, Missouri — Union members on Sunday rejected the latest contract offer from Boeing, extending a strike of some 3,200 workers that is now almost three months old.

The vote Sunday came after officials with the International Association of Machinists and Aerospace Workers District 837 initially declined to even take up the latest offer...Read more

If you remember the turmoil of the global financial crisis, hearing that foreclosure activity is up might make your knees weak and palms sweaty. I know I can’t help it.

After reading recent reports of climbing foreclosures, I spoke with experts ranging from real estate data companies to non-profit debt counselors to foreclosure auction sites....Read more

The winter holidays are a time for dusting off decorations and observing traditions — but they’re also rife with money decisions.

Americans are choosing how much to spend on travel, gifts and decorations in today’s economy, along with how they’ll make those purchases. Some holiday shoppers and travelers plan to use credit cards, but ...Read more

LOS ANGELES -- When NeueHouse, the swanky members-only, co-working space debuted in Hollywood in the fall of 2015, two years after the brand launched its buzzy New York flagship, it arrived steeped in show business history and a wait list to get in.

The private club occupied the site of the fabled former CBS Studios on Sunset Blvd. that once ...Read more

In a perfect world, no one would need to take out a loan to consolidate and pay off debt. In the real world, however, sometimes borrowing money is the only way to dig your way out.

This is mostly due to high interest rates on credit cards. With the average credit card APR (annual percentage rate) at 20.01 percent as of October 2025, consumers ...Read more

Andy Challenger is the person businesses call when it’s time to let workers go. And for the past year and a half, his phone hasn’t stopped ringing.

A third-generation outplacement consultant at Challenger, Gray & Christmas — the firm his grandfather founded in the 1960s after his own layoff — Challenger has heard a variety of reasons ...Read more

MINNEAPOLIS — Last year, Mellissa McKie wired Isanti County Sheriff’s Sgt. Tom Leatham as much money as she could get her hands on in a day.

She thought paying $2,000 through cryptocurrency kiosks, in a gas station and at a currency exchange, would satisfy two arrest warrants issued for failing to appear in court as a juror in a federal ...Read more

When I can’t listen to a podcast without someone trying to sell me gold, when money managers tell me clients are jonesing for the shiny metal, and when friends call to ask what I think about buying it, I know without looking at a single chart that the price of gold has gone vertical and that FOMO has set in.

And wouldn’t you know, the ...Read more

After two hugely disruptive IT outages in four months, Alaska Airlines is bringing in outside experts to review its entire information technology infrastructure.

In July, an unexpected hardware failure at one of Alaska’s data centers grounded the airline’s fleet for three hours, kicking off four days of flight disruptions. That piece of ...Read more

NEWARK, Calif. — A Newark hotel was seized by its lender due to a delinquent loan, a foreclosure that highlights the wobbly values for the region’s hospitality market.

The Hyatt Place Newark/Silicon Valley hotel at 5600 John Muir Dr. is now owned by an affiliate of lender State Bank of Texas following a foreclosure of an $18 million loan, ...Read more

The bond market hasn’t rung false recession alarms for this long in at least half a century.

By Monday, it will be three full years since the market’s movements started suggesting a U.S. downturn was on the horizon. That’s when 3-month Treasury yields first pushed above 10-year ones — inverting the yield curve — as traders anticipated...Read more

First came the post-pandemic surge in prices. Then came the fastest jump in interest rates in four decades. Now, Americans are contending with a global trade war and a slowing job market.

After five years of one economic headwind after another, it’s no wonder many people feel uneasy about the U.S. economy. Few expect it to get much better.

...Read more

General Motors Co. cut hundreds of jobs on Friday, just days after raising its profit guidance for the year in a move that sent the shares soaring.

The automaker laid off more than 200 salaried staff, mostly at its Tech Center in Warren, Michigan, north of Detroit. The message was delivered around 7 a.m., when the company called some of the ...Read more

LOS ANGELES – Walt Disney Co. is alerting viewers that its channels may go dark on YouTube TV amid tense contract negotiations between the two television giants.

The companies are struggling to hammer out a new distribution deal on YouTube TV for Disney's channels, including ABC, ESPN, FX, National Geographic and Disney Channel. YouTube TV ...Read more

WHEATON, Minnesota – Sitting in a pickup rolling up to a sugar beet field on the southern edge of the Red River Valley, farmer Jamie Beyer wants to talk MAHA.

But she doesn’t know if her neighbors do. At least not in the valley, where beet farms and sugar refineries dotting the landscape north to Canada are on the opposing side of Health ...Read more

STRATFORD, Virginia — If I had pulled up to the Lee family home in 1776 in a Tesla Cybertruck, they would have thought I was a time traveler from the future.

Which is not much different than the reaction I received when I pulled up in 2025.

I took a Cybertruck on a weekend trip with Mrs. Payne this fall to help prepare Stratford Hall, the ...Read more