Theranos boasted of ‘highest levels of accuracy’ in mailings to Rupert Murdoch and other investors

SAN JOSE, CALIF. — Theranos sent binders claiming the healthcare company had “the highest levels of accuracy” to high-profile investors, including billionaire Rupert Murdoch, according to court testimony on Tuesday. Elizabeth Holmes once had some of the most powerful business leaders in America backing her start-up, Theranos. The revelations emerged in the seventh week of […]

A drop in wages prompted worries some people’s Social Security benefits could be reduced. The recovery helped change that

When the Covid-19 pandemic prompted a dramatic drop in wages, that also sparked concerns that one particular cohort would see lower Social Security benefits as a result. Those concerns, however, have abated, according to new data from the Social Security Administration. The reason comes down to the national average wage index, or AWI, which is […]

SEC says brokers enticed by payment for order flow are making trading into a game to lure investors

The Securities and Exchange Commission said online brokerages, enticed to increase revenue through the controversial industry practice of payment for order flow, are turning stock-trading into a game in order to encourage activity from retail investors. Wall Street’s main regulator on Monday released its highly anticipated report on the GameStop mania earlier this year. The […]