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Month: June 2025

Aflac finds suspicious activity on US network that may impact Social Security numbers, other data

Aflac finds suspicious activity on US network that may impact Social Security numbers, other data

By MICHELLE CHAPMAN, AP Business Writer

Aflac says that it has identified suspicious activity on its network in the U.S. that may impact Social Security numbers and other personal information, calling the incident part of a cybercrime campaign against the insurance industry.

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The company said Friday that the intrusion was stopped within hours.

“We continue to serve our customers as we respond to this incident and can underwrite policies, review claims, and otherwise service our customers as usual,” Aflac said in a statement.

The company said that it’s in the early stages of a review of the incident, and so far is unable to determine the total number of affected individuals. read more

More employers adopting ICHRAs, giving workers money to buy their own health insurance

More employers adopting ICHRAs, giving workers money to buy their own health insurance

By TOM MURPHY

A small, growing number of employers are putting health insurance decisions entirely in the hands of their workers.

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Instead of offering traditional insurance, they’re giving workers money to buy their own coverage in what’s known as Individual Coverage Health Reimbursement Arrangements, or ICHRAs.

Advocates say this approach provides small companies that couldn’t afford insurance a chance to offer something. It also caps a growing expense for employers and fits conservative political goals of giving people more purchasing power over their coverage. read more

What is a HENRY and are you one?

What is a HENRY and are you one?

By Lauren Schwahn, NerdWallet

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

No, we’re not asking your name. And we promise we’re not trying to offend you.

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HENRY isn’t an insult; it’s a nickname given to a certain demographic in the personal finance world. If you earn a decent income, but feel like you aren’t building enough wealth, you might be a HENRY. read more

US stocks drift to a mixed finish as Wall Street closes another week of modest losses

US stocks drift to a mixed finish as Wall Street closes another week of modest losses

By STAN CHOE AP, Business Writer

NEW YORK (AP) — U.S. stocks drifted to a mixed finish on Friday in a quiet return to trading following the Juneteenth holiday.

The S&P 500 fell 0.2% to close out a second straight week of modest losses. The Dow Jones Industrial Average added 35 points, or 0.1%, and the Nasdaq composite fell 0.5%.

Treasury yields also held relatively steady in the bond market after President Donald Trump said he will decide within two weeks whether the U.S. military will get directly involved in Israel’s fighting with Iran. The window offers the possibility of a negotiated settlement over Iran’s nuclear program that could avoid increased fighting.

The conflict has sent oil prices yo-yoing over the last week, which has in turn caused see-saw moves for the U.S. stock market, because of rising and ebbing fears that the war could disrupt the global flow of crude. Iran is a major producer of oil and also sits on the narrow Strait of Hormuz, through which much of the world’s crude passes. read more

Yes, more and more celebrities are entering the phone business. Here’s why

Yes, more and more celebrities are entering the phone business. Here’s why

By WYATTE GRANTHAM-PHILIPS

NEW YORK (AP) — More and more celebrities are looking to attach their names to your phone. Or rather, wireless services that could power it.

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From cosmetics to snacks and signature spirits, brands launched or co-owned by high-profile figures are just about everywhere you look today. But several big names are also venturing into the market for mobile virtual network operators — or MVNOs, an industry term for businesses that provide cell coverage by leasing infrastructure from bigger, more established carriers.

U.S. President Donald Trump’s family was the most recent to join the list with the launch of Trump Mobile this week. Here’s what to know. read more