Warren Cohen, Author at The Financial Wire

Luxury Car Dealership with Stacks of Cash and a Leather Briefcase

Federal agents seized $182 million in cash, jewelry and luxury cars from the 455 people charged in this year’s record health-care fraud sweep

Warren Cohen2 months ago2 months ago09 mins

Federal authorities charged 455 defendants across 45 states and territories for allegedly submitting more than $6.5 billion in false health-care claims, seizing over $182 million in cash, luxury vehicles, jewelry, and other assets in the process. The operation, which stretched across 56 federal districts and enlisted 50 state Medicaid Fraud Control Units, represents the largest…

Kodak has confirmed a data breach after hackers claimed they stole 2.2 million records

Warren Cohen2 months ago2 months ago09 mins

Eastman Kodak confirmed that hackers broke into its systems and stole data after the ShinyHunters extortion group claimed responsibility for taking 2.2 million records from the imaging company. The breach places Kodak, a 135-year-old brand that has spent the past decade rebuilding itself around commercial printing and advanced materials, squarely in the crosshairs of one…

Business man sending resignation letter and packing Stuff Resign Depress or carrying business cardboard box by desk in office Change of job or fired from company

GM will lay off 1,145 workers at its Detroit Factory Zero plant

Warren Cohen2 months ago2 months ago09 mins

General Motors plans to cut 1,145 jobs at its Factory Zero assembly plant in Detroit, part of a broader wave of roughly 1,700 layoffs across Michigan and Ohio tied to slowing electric vehicle demand. The reductions hit GM’s flagship EV facility, the plant built to symbolize the automaker’s battery-powered future, and raise hard questions about…

Credit report concept Business woman using calculator and business paper with credit report icon on virtual screen

One in three buy-now-pay-later users is juggling several loans at once, debt that mostly stays hidden from credit reports

Warren Cohen2 months ago2 months ago09 mins

One in three buy-now-pay-later borrowers holds active loans from more than one provider at the same time, and more than three-fifths carry multiple simultaneous BNPL obligations, according to Consumer Financial Protection Bureau research drawn from six large BNPL companies between 2019 and 2023. Most of this debt never shows up on a traditional credit report,…

Businessperson holding head in hands at desk with falling stock charts

U.S. CEO confidence has dropped sharply, with most executives now expecting the economy to weaken over the next six months

Warren Cohen2 months ago2 months ago09 mins

American business leaders are bracing for an economic downturn. The Conference Board’s Q2 2026 CEO Confidence survey found that 40 percent of chief executives now expect economic conditions to worsen over the next six months, a sharp reversal from earlier optimism. Dana M. Peterson, the board’s chief economist, said CEOs expect conditions to weaken further…

Del Monte canned pear halves, in a wholesale club in Virginia.

Del Monte Foods emerged from bankruptcy in a $509 million sale, weighed down by more than $1 billion in debt

Warren Cohen2 months ago2 months ago010 mins

A U.S. Bankruptcy Court approved the sale of select Del Monte Foods assets to Fresh Del Monte Produce for roughly $509 million, closing a Chapter 11 process that began when the 139-year-old canned-goods company filed for protection last summer under the weight of more than $1 billion in debt. The Section 363 transaction gives Fresh…

American entrepreneur with declining finance graph

Americans reported losing a record $16 billion to scams last year, a 25% jump from the year before

Warren Cohen2 months ago2 months ago09 mins

Americans lost more money to fraud in 2025 than in any previous year on record. The Federal Trade Commission reported that consumers filed complaints totaling about $16 billion in losses, a 25 percent increase over the $12.5 billion reported in 2024. Imposter scams, where criminals pose as trusted businesses or government agencies, drove $3.5 billion…

Home For Sale Real Estate Sign In Front of House isolated with white highlights

Georgia foreclosure filings jumped 78% in early 2026

Warren Cohen2 months ago2 months ago09 mins

Georgia homeowners are facing a sharp rise in foreclosure activity, with filings across the state climbing 78% in early 2026 compared to the same period a year earlier. The surge is hitting counties large and small, and it raises hard questions about whether borrowers who held on through years of pandemic-era protections are now losing…

Police officer and man texting with phone in patrol car for security contact law enforcement update and mobile notification Policeman typing message on cellphone for crime news connection and app

The FBI is warning drivers about fake toll-payment texts that demand small sums to steal card numbers

Warren Cohen2 months ago2 months ago09 mins

Drivers across the United States are receiving text messages that claim they owe a few dollars in unpaid tolls, and federal agencies say the real cost of responding is far higher than the amount demanded. The FBI’s Internet Crime Complaint Center has logged over 2,000 complaints about these fraudulent texts since early March 2024, with…

Layoffs and Closures

Microsoft is offering buyouts to 8,750 U.S. employees, about 7% of its domestic workforce

Warren Cohen2 months ago2 months ago09 mins

Microsoft plans to offer voluntary buyouts to about 8,750 U.S. employees, roughly 7% of its domestic workforce. The offers are expected to reach eligible workers in early May, according to two people familiar with the plan who were not authorized to speak publicly. The move arrives as the company redirects spending toward artificial intelligence infrastructure…

Warren Cohen

Federal agents seized $182 million in cash, jewelry and luxury cars from the 455 people charged in this year’s record health-care fraud sweep

Kodak has confirmed a data breach after hackers claimed they stole 2.2 million records

GM will lay off 1,145 workers at its Detroit Factory Zero plant

One in three buy-now-pay-later users is juggling several loans at once, debt that mostly stays hidden from credit reports

U.S. CEO confidence has dropped sharply, with most executives now expecting the economy to weaken over the next six months

Del Monte Foods emerged from bankruptcy in a $509 million sale, weighed down by more than $1 billion in debt

Americans reported losing a record $16 billion to scams last year, a 25% jump from the year before

Georgia foreclosure filings jumped 78% in early 2026

The FBI is warning drivers about fake toll-payment texts that demand small sums to steal card numbers

Microsoft is offering buyouts to 8,750 U.S. employees, about 7% of its domestic workforce

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