Warren Cohen, Author at The Financial Wire

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Federal agents are returning fraudsters from three countries in a record $6.5 billion health-care sweep

Warren Cohen3 months ago3 months ago09 mins

The U.S. Department of Justice charged 455 defendants in connection with more than $6.5 billion in alleged health-care fraud, the largest single enforcement action of its kind. Federal agents coordinated arrests across multiple countries, with Estonian law enforcement assisting in apprehensions tied to a multi-billion-dollar durable medical equipment conspiracy known as Operation Gold Rush. The…

The average credit card now charges 21.5%, turning a $6,600 balance into about $1,400 a year in interest

Warren Cohen3 months ago3 months ago08 mins

Households carrying credit card debt through 2024 faced an average interest rate of 21.5 percent on balances that actually accrued charges, according to the Federal Reserve’s G.19 consumer credit release. For a cardholder revolving the national average balance of roughly $6,600, that rate translates to about $1,400 a year in interest alone, money that never…

A woman pushing a shopping cart through a grocery aisle

General Mills says higher housing costs are quietly changing how families shop for groceries

Warren Cohen3 months ago3 months ago07 mins

Families spending more on rent and mortgage equivalents are quietly shifting what ends up in their grocery carts, and General Mills executives have pointed to this trade-down pattern as a real force shaping demand for branded food products. Federal survey data from the Census Bureau and the Federal Reserve confirm that housing costs rank among…

President Barack Obama and Warren Buffett in the Oval Office, July 14, 2010.

By Buffett’s favorite gauge, U.S. stocks are worth 227% of the economy, a level he once called “playing with fire”

Warren Cohen3 months ago3 months ago09 mins

American stockholders are sitting on a market valued at roughly 227 percent of the nation’s annual economic output, a ratio that Warren Buffett once warned amounted to “playing with fire.” The reading, derived from the Federal Reserve’s latest quarterly snapshot of corporate equities and the Bureau of Economic Analysis’s nominal GDP series, places the stock…

A close up of a person talking on a cell phone

Your bank will never call to move your money “to keep it safe,” yet impersonators stole $1 billion that way last year

Warren Cohen3 months ago3 months ago010 mins

Consumers reported losing nearly $1 billion to bank impersonators in 2025, part of a broader $3.5 billion in imposter scam losses tracked by the Federal Trade Commission. The scheme is consistent and effective: a caller claims to be from the victim’s bank, warns of suspicious activity on the account, and urges an immediate transfer to…

An unemployed person is very upset and looking for job

157,000 tech workers have lost their jobs in 2026, about 892 a day

Warren Cohen3 months ago3 months ago010 mins

Tech workers across the United States are losing jobs at a pace that exceeds the early months of the pandemic. Roughly 157,000 positions have been eliminated so far in 2026, translating to about 892 cuts per day. The losses span companies of every size, from startups shedding small teams to major enterprise firms restructuring entire…

The Dow closed at a record high on July 2, before the July 4 holiday

Warren Cohen3 months ago3 months ago011 mins

The Dow Jones Industrial Average surged 594.83 points on July 2, 2026, closing at 52,900.07 and setting a fresh record high just ahead of the July 4 holiday weekend. The rally stood in contrast to a mixed session for other major U.S. stock indexes, raising a pointed question: did broad economic confidence lift the blue-chip…

Three business people collaborating on a project

A financial firm and its founder agreed to settle SEC claims they raised $40 million for a $56 million Ponzi

Warren Cohen3 months ago3 months ago010 mins

Sanders Family Office LLC and its founder Margaret Sanders have agreed to settle Securities and Exchange Commission claims that they raised roughly $40 million in connection with a $56 million South Florida real estate Ponzi scheme. The proposed final judgment, filed in the Western District of Texas, calls for disgorgement of $2,977,099.53 plus prejudgment interest…

Hand writing on document next to keyboard and mouse.

A losing investment can trim your taxes: up to $3,000 in capital losses offsets ordinary income each year

Warren Cohen3 months ago3 months ago08 mins

Individual investors who sold stocks, funds, or other assets at a loss during a volatile stretch can use those losses to cut their tax bill on wages, salaries, and other ordinary income, but the annual benefit is capped at $3,000 per return. That ceiling, set by federal statute and unchanged for decades, applies after all…

Restaurant workers preparing food in a busy kitchen.

Alaska, Oregon and Washington, D.C. all raised their minimum wage July 1, with D.C. now highest at $18.40

Warren Cohen3 months ago3 months ago09 mins

Low-wage workers in three U.S. jurisdictions saw their paychecks rise on July 1, 2026, when Alaska, Oregon, and Washington, D.C., each put higher minimum wage rates into effect. The District of Columbia now pays the highest minimum wage of any state or territory at $18.40 an hour, while Oregon continued its unusual three-tier regional structure…

Warren Cohen

Federal agents are returning fraudsters from three countries in a record $6.5 billion health-care sweep

The average credit card now charges 21.5%, turning a $6,600 balance into about $1,400 a year in interest

General Mills says higher housing costs are quietly changing how families shop for groceries

By Buffett’s favorite gauge, U.S. stocks are worth 227% of the economy, a level he once called “playing with fire”

Your bank will never call to move your money “to keep it safe,” yet impersonators stole $1 billion that way last year

157,000 tech workers have lost their jobs in 2026, about 892 a day

The Dow closed at a record high on July 2, before the July 4 holiday

A financial firm and its founder agreed to settle SEC claims they raised $40 million for a $56 million Ponzi

A losing investment can trim your taxes: up to $3,000 in capital losses offsets ordinary income each year

Alaska, Oregon and Washington, D.C. all raised their minimum wage July 1, with D.C. now highest at $18.40

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