Investing.com -- Humana (NYSE: HUM) shares rose 12% after hours Monday following the Centers for Medicare and Medicaid Services’ announcement of a 2.48% rate increase for private insurers in 2027.
UnitedHealth Group (NYSE: UNH) gained 11%, CVS Health (NYSE: CVS) climbed 9%, and Elevance Health (NYSE: ELV) jumped 5% in extended trading. Hospital stocks also advanced, with Molina Healthcare (NYSE: MOH) up 7% and Centene (NYSE: CNC) rising 4%.
The final rate represents a... (continue reading...)
By David Shepardson and Jacob Bogage
WASHINGTON, April 6 (Reuters) - Amazon.com on Monday announced it reached a new agreement with the U.S. Postal Service on package deliveries, and sources said the cash-strapped mail system would retain about 80% of its existing deliveries from its biggest customer.
That 20% cut is a dramatically better outcome for the postal agency than the two-thirds or larger reduction that Reuters reported last... (continue reading...)
Investing.com -- Tesla (NASDAQ: TSLA) declined 2.5% Monday, extending losses after falling 5.4% Friday, as weak first-quarter delivery figures pressured shares.
The electric vehicle maker delivered 358,023 vehicles in the first quarter, missing analyst estimates of 372,160. The shortfall added to concerns about the company’s near-term performance.
Energy storage installations also disappointed, totaling 8.8 GWh, down 15% YoY, marking the first such decline since the... (continue reading...)
Investing.com -- Bank of America economists suggest the Bank of Canada will maintain its current policy rate of 2.25% throughout the year. Analysts led by Carlos Capistran argue that domestic economic weakness provides a sufficient buffer against rising energy costs.
"The bar for the BoC to hike rates this year is quite high, and our baseline is that the BoC will remain on hold for the foreseeable future," the report states. Current market pricing for nearly 50 basis... (continue reading...)
Investing.com -- President Donald Trump defended his administration’s military campaign against Iran during remarks to reporters at the White House Easter Egg Roll on Monday, stating the conflict could end quickly if Iran meets certain unspecified conditions.
Trump said the two American airmen rescued after their aircraft was shot down over Iranian territory are recovering well from their injuries. He explained that the administration delayed announcing the rescue of... (continue reading...)
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