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Medicare unknowingly funded a billion-dollar fraud ring

A federal jury in Florida convicted the man behind one of the largest Medicare fraud operations ever prosecuted in the state. Brett Blackman, the 42-year-old founder and CEO of a health care software company called HealthSplash, owned and controlled a platform that generated fabricated medical prescriptions. The system produced bogus doctors’ orders for medical equipment

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Beloved retail chain closes all stores after 46 years in business

Consumers’ flight from brick-and-mortar stores in malls has led several popular retailers to close hundreds of stores since the Covid-19 pandemic. The year began with Saks Fifth Avenue’s parent, Saks Global Enterprises LLC, filing for Chapter 11 bankruptcy in January 2026, which led to dozens of store closings. Major mall tenant Macy’s continued closing locations

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Cathie Wood buys $32 million of popular semiconductor stock

Cathie Wood, chief of Ark Investment Management, likes to take advantage of IPOs.  Cathie Wood, founder and CEO of Ark Investment Management, likes to jump into some of Wall Street’s hottest IPOs.  In recent years, Wood’s Ark funds have bought shares of newly public companies, including Tempus AI (TEM), Coinbase (COIN), and CoreWeave (CRWV), as

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