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Amazon cost cuts drive operating margin into double digits for first time
Amazon's operating margin jumped past 10%, topping a prior high of 8.2% in 2021.CNBC - Business -
CVS shares plummet as health company slashes profit outlook on higher medical costs
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.CNBC - Business -
Pfizer beats earnings estimates, raises outlook on cost cuts and smaller-than-feared drop in Covid drug sales
The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.CNBC - Business - Covid -
Enovix shrinks quarterly loss, vows to cut costs as battery maker’s stock soars 20%
Battery maker narrows quarterly loss and says it plans to cut more costs on its road to profitability.MarketWatch - Business -
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U.K. Local Elections, Explained
Voters choose local officials in England and Wales this week. Their verdicts could be an important clue to the shape of Britain’s looming general election.The New York Times - World - United Kingdom -
Councils to watch in the 2024 local elections
Where might the main political parties make gains and losses in the local elections on 2 May?BBC News - Top stories -
Chris Mason: What to watch out for in local polls
The BBC's political editor breaks down what this week's local elections will mean for national politics.BBC News - Top stories -
Australian Low-Cost Carrier Bonza Goes Into Administration
Bonza, a startup low-cost carrier in Australia that competed with local heavyweights Qantas and Virgin Australia on some routes, has gone into administration, a process similar to U.S. bankruptcy.The Wall Street Journal - Business - Australia -
Trump's Gag Order Violations Cost $9,000
The judge holds the former President in contempt at his trial and threatens jail time, but not yet.The Wall Street Journal - World - Donald Trump -
Parents struggle to afford soaring summer camp costs
Inflation's impact has been felt in nearly every facet of U.S. consumer spending, including summer activities, with many parents saying they are unable to afford the spiking costs of summer camps. Nancy Chen has some tips on what parents can do to ...CBS News - Top stories -
The insect farmers turning to AI to help lower costs
Makers of insect-based animal feed hope to be able to compete with soybeans on price.BBC News - Top stories -
Colombia to cut diplomatic ties with Israel
Colombian President Gustavo Petro said Wednesday he plans to sever diplomatic ties with Israel over the Middle Eastern country’s conduct in its war against Hamas in Gaza. Speaking at a May Day rally in Bogotá’s central Plaza de Bolívar, Petro ...The Hill - Politics - Israel -
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Don't hold out for rate cuts
Presented by BP — The Fed may not cut until November. {beacon} View Online Business & Economy Business & Economy PRESENTED BY The Big Story High interest rates aren't going anywhere The central bank doesn't expect to cut rates anytime soon as ...The Hill - Politics -
How Locals Saved ‘the Yosemite of South America’
A decade-long battle between a wealthy industrialist and a band of activists led to a surprising $63 million transaction.The New York Times - Top stories -
Local elections 2024: Is there an election in my area?
Use our lookup to see if there is an election in your area and who you can vote for on 2 MayBBC News - Top stories -
How Locals Saved ‘the Yosemite of South America’
A decade-long battle between a wealthy industrialist and a band of activists led to a surprising $63 million transaction.The New York Times - Business -
Bookshop opens at 5am for local writers to work in peace
Kemptown Bookshop in Brighton opens its doors at 05:00 BST once a month for a silent writing session.BBC News - Top stories -
Curtice: All eyes on Tory performance at the local elections
The polls are the last big test of the Westminster government's popularity before the next election.BBC News - Top stories -
Pensions and tax dominate PMQs as leaders eye local elections
Rishi Sunak and Sir Keir Starmer clash in the Commons on the last day of campaigning before polls in England and Wales.BBC News - Top stories -
Inside America'sPriciest Resort,Where the Cheapest Homes Cost Millions
Sea Island’s 31561 ZIP Code is so exclusive that properties trade without ever having hit the market.The Wall Street Journal - World -
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecastABC News - Top stories -
Estimated cost of World Cup matches in Vancouver has doubled since 2022
The estimated cost of staging matches at BC Place Stadium during the 2026 World Cup has more than doubled over the past two years to $483 million to $581 million Canadian ($351 million to $422 million U.S.)ABC News - Sports - World Cup -
College costs are skyrocketing. Let’s help students bring them down.
Before students take the leap—and tens of thousands of dollars in loans—Congress and colleges should help make sure they have the full picture.The Hill - Politics -
The Guardian view on the cost of a cashless society: the most vulnerable will pay | Editorial
The pandemic accelerated the shift away from notes and coins. But China and others are realising that transition has a price. One of the idiosyncrasies of China’s huge appetite for luxury goods has been the high sales of man bags – a niche item in ...The Guardian - World -
Democrats signal further increases to defense funding could come at cost for GOP
Prominent Democrats said Wednesday that any increases to defense spending beyond the budget limits agreed to as part of a bipartisan deal last year must also be met with parity for domestic programs. In remarks to the press on Wednesday, Senate ...The Hill - Politics -
Analysis: The Fed's No-Need-to-Cut Camp Is Feeling Emboldened
A third month of disappointing inflation data dashed the prospect of the Federal Reserve setting the stage today for a summer rate cut.The Wall Street Journal - World -
The Fed's Case for Rate Cuts Simply Does Not Exist
Every new data dump proves inflation isn't going anywhere fast.Inc. - Business -
Analysis: Fed's No-Need-to-Cut Camp Is Feeling Emboldened
A third month of disappointing inflation data dashed the prospect of the Federal Reserve setting the stage for a summer rate cut.The Wall Street Journal - World -
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‘What will change?’: council funding woes loom over UK local elections
Dwindling funds fuel disenchantment in cash-strapped West Midlands borough of DudleyFinancial Times - World - United Kingdom -
Tory candidates distance themselves from Sunak ahead of local elections
Mayoral and council hopefuls in UK opt for different colours on campaign material and avoid references to partyFinancial Times - World -
Tory candidates distance themselves from Sunak ahead of local elections
Mayoral and council hopefuls in UK opt for different colours on campaign material and avoid references to partyFinancial Times - Business -
MLB Fans in Some Cities Lose Access to Local Games in Distribution Spat
Comcast and Diamond Sports Group failed to reach a new carriage agreement, leaving subscribers in some markets without access to Bally Sports regional networks.The Wall Street Journal - World - MLB -
Tory candidates distance themselves from Sunak ahead of local elections
Mayoral and council hopefuls in UK opt for different colours on campaign material and avoid references to partyFinancial Times - Business -
38 percent of local election officials report threats, harassment or abuse: Poll
Nearly 4 in 10 local election officials experienced threats, harassment or abuse while on the job, according to a new poll. In the survey, published Wednesday by the Brennan Center for Justice, 38 percent of local election workers reported ...The Hill - Politics -
MLB Fans in Some Cities Lose Access to Local Games in Distribution Spat
Comcast and Diamond Sports Group failed to reach a new carriage agreement, leaving subscribers in some markets without access to Bally Sports regional networks.The Wall Street Journal - Business - MLB -
Rishi Sunak’s political fate hangs on results of local elections
Conservative MPs await voters’ verdict in more than 2,600 council seats and eleven mayoralties in England and WalesFinancial Times - World -
U.K. Conservatives Hold Their Breath: How Bad Will Local Elections Be?
Voters in England and Wales will choose local officials on Thursday. The results could demonstrate whether the governing party’s dire poll ratings are reliable, analysts say.The New York Times - World