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The suit accuses the father and son of failing to disclose to investors that they had been terminated from advisory firm Waddell & Reed, and of impersonating certain clients to make securities transactions.
The healthcare provider negotiates lower rates with in-network providers to save members money; however, members allege that Cigna participated in a "fraudulent scheme" that overcharged members.
According to the New York Fed, a reduction in shipping congestion, an easing of parts shortages, and weakening consumer demand have result in below-normal supply-chain pressures around the world.
January's personal consumption expenditures (PCE) price index came in hotter than expected today, rising 5.4% from a year earlier vs. a 5% increase in December.