The concept of financial distress is a pressing concern for many Americans. A recent study by WalletHub aimed to identify the US states with the most financially strapped residents. The survey used nine key metrics, including credit score changes and internet searches for "debt" and "loans," to dete
The world of finance is abuzz with the news that Morgan Stanley, one of the largest wealth management firms, is now allowing its 15,000 financial advisors to offer bitcoin ETFs to select clients. This move marks a significant shift in the adoption of bitcoin by mainstream finance, and raises importa
GE Vernova's offshore wind business has been stuck in the mud, and it's not just the broken blade on the Vineyard Wind project that's to blame. The company's recent $300 million loss in its wind division has sent shockwaves through the industry, and it's clear that the business is still reeling from
The crisis surrounding Steward Health Care's bankruptcy remains a volatile and uncertain situation, with state health officials bracing for a bumpy ride ahead. Despite the approval of hospital sales, the Department of Public Health is still entrenched in the process of seizing St. Elizabeth's Medica
As lawmakers in Washington turned their focus to the Steward Health Care bankruptcy scandal, it became clear that something was amiss. Despite a subpoena, CEO Ralph de la Torre refused to appear before the Senate Health, Education, Labor, and Pensions Committee, leaving an empty chair in his place.
The collapse of Steward Health Care's hospital system in Massachusetts is a stark reminder that even the most profitable businesses can succumb to mismanagement and greed. The impending Senate hearing on Thursday is a crucial moment to scrutinize the company's actions and the devastating impact on p
In a bold move, Sen. Bernie Sanders has threatened to pursue contempt charges against Steward Health Care CEO Ralph de la Torre if he fails to appear at a hearing on Thursday, despite being issued a subpoena. The controversy surrounds de la Torre's alleged mismanagement of the hospital chain, which
The US Senate is preparing to hold Steward Health Care CEO Ralph de la Torre in contempt of Congress if he fails to appear at a hearing on Capitol Hill. This is a rare and serious charge, with the last subpoena issued by the committee occurring in the 1980s. The hearing is set to take place on Thurs
Medical Properties Trust (MPW) has made a significant move by reaching a settlement deal with Steward Health Care System, the bankrupt tenant of MPT. This agreement not only restores MPT's control over its real estate but also severs its relationship with Steward, paving the way for the immediate tr
Medical debt has become a constant companion for many Americans, with 18% of the population struggling to pay off their bills. The situation is particularly dire in the southeastern states, where hospitals have merged, leading to increased costs and reduced competition. In North Carolina, where Terr
