Frank Bisignano testifies before the Senate Finance Committee on his nomination to be Commissioner of the Social Security Administration, on Capitol Hill in Washington, March 25, 2025. Saul Loeb | AFP | Getty Images Social Security Administration Commissioner Frank Bisignano told Congress on Wednesday that the agency has improved one legacy pain point for individuals who contact it — long phone wa...
Frank Bisignano testifies before the Senate Finance Committee on his nomination to be Commissioner of the Social Security Administration, on Capitol Hill in Washington, March 25, 2025. Saul Loeb | AFP | Getty Images Social Security Administration Commissioner Frank Bisignano told Congress on Wednesday that the agency has improved one legacy pain point for individuals who contact it — long phone wait times for the toll-free helpline. SSA has brought the average "speed of answer," or the time it takes for an agent to answer an incoming call, to the "lowest level in a decade," Bisignano said in written testimony to the House Ways and Means Social Security and Work & Welfare subcommittee hearing. In May, the average speed of answer was under five minutes, according to Bisignano's testimony, an 89% reduction from an all-time high of 42 minutes in fiscal year 2024. "We now answer 90% of calls to our 800 number, and have reduced average wait time to five minutes, a 75% improvement," Bisignano said on Wednesday. Read more CNBC personal finance coverage Trump Accounts create a 'legal backdoor' for Roth IRA wealth, tax attorney says Retirees fear running out of money. Many are spending too little instead Social Security retirement trust fund may be depleted in 2032: Trustees report College sticker prices top $100,000 at 16 schools — but many students pay less CNBC's Financial Advisor 100: Best financial advisors, top firms ranked The Social Security Administration will have more than 800 million customer interactions this year, as a result of its record-breaking performance, according to Bisignano. The agency currently serves more than 300 million Americans, Bisignano said. It currently issues Social Security benefits to around 71 million individuals and provides other services, such as issuing Social Security cards. Lawmaker concerns over wait times persist Bisignano's testimony comes more than one year after he was sworn in to lead the Social Security Administration in May ...
Managed care firm Humana ( HUM ) on Wednesday said it has signed an agreement to divest its minority interest in home health, palliative, and hospice care provider Gentiva. The agreement values Humana’s minority interest stake at about $900 million, the company said . However, other financial terms were not disclosed. Humana said it intends to utilize proceeds from the sale for general corporate p...
Managed care firm Humana ( HUM ) on Wednesday said it has signed an agreement to divest its minority interest in home health, palliative, and hospice care provider Gentiva. The agreement values Humana’s minority interest stake at about $900 million, the company said . However, other financial terms were not disclosed. Humana said it intends to utilize proceeds from the sale for general corporate purposes. The transaction is expected to close in the third quarter of this year, and the company does not anticipate a material impact to 2026 earnings from this pending transaction. Humana’s ownership interest in Gentiva resulted from its earlier acquisition of the remaining interest in Kindred at Home in 2021. In 2022, Humana announced an agreement to divest a majority interest in the Hospice and Personal Care divisions of Kindred at Home subsidiary to private investment firm Clayton, Dubilier & Rice. These divisions were then subsequently restructured into a standalone business and rebranded to Gentiva. More on Humana Humana: Perhaps The 'Buy The Dip' Thesis Was Right All Along (Rating Upgrade) Humana Inc. (HUM) Q1 2026 Earnings Call Transcript Humana Is Still A Hold Despite The Medicare Advantage Rate Boost Market momentum: The S&P 500 stocks that crushed it and crashed this week It’s not just UnitedHealth, its Medicare peers are also rallying
Oracle Corp (NYSE:ORCL, XETRA:ORC) reported better-than-expected fourth-quarter results on Wednesday, driven by surging demand for artificial intelligence infrastructure. However, its plans to raise approximately $40 billion through a combination of debt and equity to fund its AI datacenter...
Oracle Corp (NYSE:ORCL, XETRA:ORC) reported better-than-expected fourth-quarter results on Wednesday, driven by surging demand for artificial intelligence infrastructure. However, its plans to raise approximately $40 billion through a combination of debt and equity to fund its AI datacenter...
A World Cup dream denied — Somali referee Omar Artan receives a hero's welcome at home after being blocked from entering the United States and taking part in the World Cup. (Image credit: Abuukar Mohamed Muhidin)
A World Cup dream denied — Somali referee Omar Artan receives a hero's welcome at home after being blocked from entering the United States and taking part in the World Cup. (Image credit: Abuukar Mohamed Muhidin)
Rishi Jaluria, RBC Capital Markets software equity research managing director, reacts to Oracle's fourth-quarter earnings. Speaking on "Bloomberg The Close," Jaluria says Oracle is a bit of a proxy for the AI infrastructure buildout trade. (Source: Bloomberg)
Rishi Jaluria, RBC Capital Markets software equity research managing director, reacts to Oracle's fourth-quarter earnings. Speaking on "Bloomberg The Close," Jaluria says Oracle is a bit of a proxy for the AI infrastructure buildout trade. (Source: Bloomberg)
WOODLAND PARK, N.J., June 10, 2026 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX) today announced fiscal 2026 fourth quarter and full fiscal year financial results for the year ended March 31, 2026.
WOODLAND PARK, N.J., June 10, 2026 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX) today announced fiscal 2026 fourth quarter and full fiscal year financial results for the year ended March 31, 2026.
Super Micro Computer (NASDAQ:SMCI) , AI server and storage solutions provider, closed Wednesday at $29.27, down 27.98%. The stock sold off after the company detailed plans for about $7 billion in equity and equity-linked financing to fund a $39 billion backlog of AI server orders. Investors are now considering how dilution and execution risks balance demand for its AI infrastructure. Trading volum...
Super Micro Computer (NASDAQ:SMCI) , AI server and storage solutions provider, closed Wednesday at $29.27, down 27.98%. The stock sold off after the company detailed plans for about $7 billion in equity and equity-linked financing to fund a $39 billion backlog of AI server orders. Investors are now considering how dilution and execution risks balance demand for its AI infrastructure. Trading volume reached 184 million shares, coming in about 316% above its three-month average of 44.2 million shares. Super Micro Computer IPO'd in 2007 and has grown 3,241% since going public. S&P 500 (SNPINDEX:^GSPC) fell 1.62% on Wednesday to 7,267, while the Nasdaq Composite (NASDAQINDEX:^IXIC) slid 1.98% to 25,169.50. Within computer hardware, industry peers Dell Technologies (NYSE:DELL) closed at $369.83 (-3.13%) and Hewlett Packard Enterprise (NYSE:HPE) finished at $45.49 (-5.76%) as AI server sentiment weakened. Supermicro’s news today can be viewed as both good and bad. A $7 billion capital raise involving stock offerings and equity-linked financing will dilute shareholders, and investors sold the stock off on that news alone. Continue reading
Live: Will Oracle Crush Q4 Earnings After the Market Closes Tonight? 24/7 Wall St. Oracle Earnings Could Reveal a Massive $100 Billion Spending Surge. Here Is Why You Should Still Buy ORCL Stock. Barchart Oracle: Fiscal Q4 Earnings Snapshot kare11.com Oracle Q4 earnings beat on revenue but miss on cloud sales Yahoo Finance Oracle Announces Record Q4 and FY 2026 Results Driven by Cloud Infrastructu...
Live: Will Oracle Crush Q4 Earnings After the Market Closes Tonight? 24/7 Wall St. Oracle Earnings Could Reveal a Massive $100 Billion Spending Surge. Here Is Why You Should Still Buy ORCL Stock. Barchart Oracle: Fiscal Q4 Earnings Snapshot kare11.com Oracle Q4 earnings beat on revenue but miss on cloud sales Yahoo Finance Oracle Announces Record Q4 and FY 2026 Results Driven by Cloud Infrastructure & Cloud Applications Stock Titan Oracle slips even as Q4 results, guidance top estimates (ORCL:NYSE) Seeking Alpha Oracle Cloud Infrastructure Revenue Could Exceed Expectations, Oppenheimer Says Moomoo Oracle Q4 2026 Earnings Call: Live Updates on $ORCL outlook thestreet.com Oracle poised for OCI breakout as AI tailwinds build ahead of Q4 print Proactive financial news