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AP National Business

UnitedHealth boosts outlook, again, after big Q3 numbers

MINNETONKA, Minn. (AP) — UnitedHealth’s third-quarter performance topped Wall Street’s view, bolstered by the improving performance of its Optum segment. The country’s biggest U.S. health insurer also raised its full-year adjusted earnings forecast again. For the three months ended Sept. 30, UnitedHealth earned $4.09 billion, or $4.28 per share. A year earlier the Minnetonka, Minnesota-based

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Quarreling Dems must put aside differences, Schumer warns

By LISA MASCARO AP Congressional Correspondent WASHINGTON (AP) — Senate Majority Leader Chuck Schumer is warning that that Democrats “must put aside our differences” as the party struggles to coalesce around President Joe Biden’s now-scaled back package of social services and climate change strategies. Schumer’s letter Thursday to colleagues comes as progressive leaders in Congress

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Putin says relations with Biden “working and stable”

By VLADIMIR ISACHENKOV Associated Press MOSCOW (AP) — Russian President Vladimir Putin says the Kremlin has “constructive” relations with the Biden administration and has voiced hope that mutual interests would eventually help normalize U.S.-Russia ties. Putin addressed an array of topics while speaking during a panel discussion at an international energy conference in Moscow on

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IMF head pledges renewed efforts to protect data integrity

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The embattled head of the International Monetary Fund is pledging renewed efforts to bolster data integrity while focusing on the main job of helping countries recover from a devastating global pandemic. IMF Managing Director Kristalina Georgieva successfully fought to keep her job following a data-manipulation scandal.

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‘Squid Game’ strikes nerve in debt-ridden South Korea

By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — “Squid Game,” a South Korea-produced Netflix show that depicts hundreds of financially distressed characters competing in deadly children’s games for a chance to escape severe debt, has captivated global audiences since its September debut. It’s the streaming platform’s biggest hit ever. But the dystopian show

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EXPLAINER: Why the Social Security COLA is jumping next year

By RICARDO ALONSO-ZALDIVAR Associated Press WASHINGTON (AP) — Rising inflation has triggered a jump in Social Security’s annual cost-of-living adjustment, or COLA, for 2022. The Social Security Administration revealed the new 5.9% COLA on Wednesday. Compare it with the last 10 years, when the cost-of-living adjustment averaged about 1.7% annually as inflation remained low. But

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Progressives warn against ‘false choice’ in Biden bill trims

By LISA MASCARO AP Congressional Correspondent WASHINGTON (AP) — Progressive leaders in Congress are warning against what they say is a “false choice” over how to trim President Joe Biden’s now-$2 trillion proposal for beefing up social services and tackling climate change. That’s according to a letter Wednesday to Democratic congressional leaders and Biden, obtained

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