David Keller, Author at The Financial Wire

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A breach at NYC Health + Hospitals exposed 1.8 million people, including their fingerprints and palm prints

A data breach at NYC Health + Hospitals exposed the personal information of approximately 1.8 million people, including biometric identifiers such as fingerprints and palm prints. Senate HELP Committee Chairman Bill Cassidy has pressed hospital leadership and Assemblymember Zohran Mamdani for answers, calling for stronger protections for patients whose most sensitive and permanent identifiers are…

Markets and Macro

Walmart says it will funnel its tariff refunds into lower prices, after raising them when the tariffs hit

David Keller7 days ago7 days ago010 mins

Walmart plans to pass along tariff refunds as lower prices for shoppers, a move that follows the retailer’s own price increases after tariffs took effect in 2025. The pledge comes after the Supreme Court struck down the use of the International Emergency Economic Powers Act for tariffs on February 20, 2026, a ruling that opened…

person sitting while using laptop computer and green stethoscope near

A fugitive accused of a $1.2 billion telemedicine fraud was just captured in the Philippines

David Keller7 days ago7 days ago09 mins

Herbert Leon Kimble, a fugitive named on the FBI’s Most Wanted Fraudsters list, was taken into custody in Pasig City, Philippines, after fleeing a federal indictment tied to a previously charged $1.2 billion telemedicine fraud scheme. His capture came during the same week that the Justice Department announced a sweeping national health care fraud enforcement…

The SEC charged fake crypto “AI investment clubs” that scammed investors out of $14 million

David Keller7 days ago7 days ago09 mins

The Securities and Exchange Commission filed charges against seven entities for allegedly running fake crypto trading platforms and AI-themed investment clubs that defrauded retail investors of roughly $14 million. The defendants, which include Morocoin Tech Corp., Berge Blockchain Technology Co. Ltd., Cirkor Inc., AI Wealth Inc., Lane Wealth Inc., AI Investment Education Foundation Ltd., and…

Photo of happy young woman showing key to her new car Concept for car rental

The average new car now costs about $49,000, near an all-time high

David Keller7 days ago7 days ago09 mins

American car buyers face a punishing sticker price. The average transaction price for a new vehicle sits near $49,000, hovering close to its all-time peak. That figure has climbed sharply since 2020, driven by pandemic-era supply shortages, a shift toward larger trucks and SUVs, and persistent cost pressures across the auto supply chain. For households…

Bitcoin BTC coin and red paper attention sign with Securities and Exchange Commission on wooden background

The SEC charged crypto company Unicoin and four executives with misleading investors

David Keller7 days ago7 days ago09 mins

More than 5,000 investors put money into a crypto offering that claimed to have raised more than $3 billion, but the actual figure never exceeded $110 million. The Securities and Exchange Commission filed a civil action against Unicoin, Inc. and four of its executives, alleging the company systematically inflated its scale and success to attract…

U.S. foreclosure filings rose for an eighth straight month, with Florida the hardest hit

David Keller7 days ago7 days ago05 mins

Homeowners across the United States, and especially in Florida, are facing growing pressure as foreclosure filings climbed for an eighth consecutive month in April 2026. ATTOM’s April 2026 U.S. Foreclosure Market Report confirmed the streak, describing the trend as a “gradual annual climb” that has persisted since last fall. The sustained rise raises pointed questions…

Oracle has cut about 21,000 jobs this year, and it is pointing the finger at AI

David Keller7 days ago7 days ago09 mins

Oracle shed roughly 21,000 full-time positions over the twelve months ending May 31, 2026, dropping from approximately 162,000 employees to about 141,000. The company’s own annual filing with the Securities and Exchange Commission ties part of that reduction to artificial intelligence, stating that AI tools “have resulted, and may continue to result” in lower demand…

The butler worried hands touch forehead which has many expenses such as electricity bills, internet bills, mobile phone bills and credit card bills on hand, no money to pay. debts concept

Electricity bills will hit a record this summer, with Arizona households facing about $1,060

David Keller7 days ago7 days ago08 mins

Arizona households are headed toward summer electricity bills averaging about $1,060 for the July-through-September period, a figure that would set a new seasonal record for the state. Federal temperature forecasts point to above-normal heat across the western United States during those same months, and state regulators have already convened utilities to prepare for the strain….

A serial fraudster who called himself “Dr. Cash” got three years in prison for a Ponzi scheme

David Keller7 days ago7 days ago05 mins

Terrence Chalk, a self-described wealth advisor who operated under the alias “Dr. Cash,” was sentenced to three years in federal prison for running a Ponzi scheme that targeted churchgoers and attendees of wealth-building seminars. The U.S. Attorney’s Office for the Southern District of New York labeled Chalk a “serial fraudster,” a characterization tied to his…

David Keller

A breach at NYC Health + Hospitals exposed 1.8 million people, including their fingerprints and palm prints

Walmart says it will funnel its tariff refunds into lower prices, after raising them when the tariffs hit

A fugitive accused of a $1.2 billion telemedicine fraud was just captured in the Philippines

The SEC charged fake crypto “AI investment clubs” that scammed investors out of $14 million

The average new car now costs about $49,000, near an all-time high

The SEC charged crypto company Unicoin and four executives with misleading investors

U.S. foreclosure filings rose for an eighth straight month, with Florida the hardest hit

Oracle has cut about 21,000 jobs this year, and it is pointing the finger at AI

Electricity bills will hit a record this summer, with Arizona households facing about $1,060

A serial fraudster who called himself “Dr. Cash” got three years in prison for a Ponzi scheme

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