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The Cost of Competing With China
The Biden administration is betting that new China tariffs will be politically popular, even if they could slow the transition from fossil fuels.The New York Times - Top stories - China -
A New Centrism Is Rising in Washington
Call it neopopulism: a bipartisan attitude that mistrusts the free-market ethos instead of embracing it.The New York Times - Top stories -
The Rise of a New Centrism
In Washington, despite polarization, bipartisanship has somehow become normal.The New York Times - Top stories -
Tariffs Push Up Costs. But Not Always Inflation
Biden’s decision to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs.The Wall Street Journal - World -
The WSJ Dollar Index Rises 0.2%
The WSJ Dollar Index was up 0.2% to 99.16 — snapping a three-trading-day losing streak.The Wall Street Journal - World -
FSA vs. HSA: What to Know About the Accounts to Pay Medical Costs
Flexible spending accounts and health savings accounts both have tax benefits, but both may also have drawbacks, two reports found.The New York Times - Business -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - World -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - Business -
These California college students live in RVs to afford cost of education
"I don't feel homeless, but I am legally homeless," said one of the dozens of students at Cal Poly Humboldt who call an RV or other vehicle home.CBS News - Top stories - California -
The Papers: Alcohol abuse 'costs £27bn' and 'King's fighting spirit'
The public cost of alcohol abuse and the King's plans to travel for D-Day tributes lead the papers.BBC News - Top stories -
From $35,000 to $446,000: What it cost to renovate a $1 home in Italy
Buying a home in the Italian countryside for cheap comes with a catch — in one case, to the tune of of nearly half a million dollars.CNBC - Business -
Post-Brexit border checks forecast to cost UK £4.7bn, says NAO
Watchdog says says repeated delays have caused unnecessary costs and strategy lacks a ‘clear timetable’. The government expects to have spent at least £4.7bn on introducing post-Brexit border controls, which have been repeatedly hit by delays, the ...The Guardian - World - United Kingdom -
Cost of diabetes, obesity drugs often out of reach for low-income patients
While it may seem like everyone is taking Ozempic, not everyone can afford to. The high price of popular diabetes drugs prevents many people from getting them.CBS News - Top stories -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
Comex Gold Settles Lower, Silver Rises
Gold settled 0.4% lower, snapping a two-session winning streak, and silver rose 0.5%, up for a third consecutive session.The Wall Street Journal - World -
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Alibaba Shares Rise as Investors Grow Confident in Outlook
The e-commerce giant’s shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release.The Wall Street Journal - World -
Dow rises above 40,000 for first time in history
For the first time ever on Thursday, the Dow Jones average rose about 40,000, providing new optimism about the economy. CBS News business analyst Jill Schlesinger breaks down what it means.CBS News - Top stories -
Confirmed cases from parasite outbreak rises to 46
Forty-six cases of a diarrhoea-type illness confirmed in Devon as company says it's located the source of entry for parasites.BBC News - Top stories -
Sunaks' wealth rises to £651m in latest rich list
Rishi Sunak and his wife Akshata Murty are richer than King Charles, according to The Sunday Times.BBC News - Top stories -
Alibaba Shares Rise as Investors Grow Confident in Outlook
The e-commerce giant’s shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release.The Wall Street Journal - Business -
3 moves to avoid as gold's price rises
Considering buying gold at today's high price? Then you'll want to avoid making these three moves.CBS News - Top stories -
As American global hegemony ends, multi-alignment rises
Unlike the rigid alliances of the Cold War, multi-alignment involves a strategic flexibility that empowers nations to navigate the complexities of a multipolar world.The Hill - Politics -
Oil Prices Rise But Stay Stuck in Narrow Range
Oil futures edged higher with the market awaiting OPEC’s next move, with three possible scenarios for the June 1 meeting—extend, unwind or completely remove the voluntary cuts of 2.2 million barrels a day.The Wall Street Journal - World -
EA Sports College Football 25 price: Breaking down cost for each edition as video game returns
EA Sports unveiled plenty of information about its most anticipated release in a long timeCBS Sports - Sports - College Football -
‘Reverse Yankee’ deals boom as Europe’s low borrowing costs lure US groups
American companies issue €30bn in euro-denominated bonds as investor demand for European corporate debt growsFinancial Times - Business -
Teslas are cheaper than ever. Here’s how Biden’s China tariffs will affect costs.
The Biden administration this week slapped stiff tariffs on Chinese electric vehicles, as well as batteries and battery parts from China.MarketWatch - Business - China -
How can a child in care cost £281,000 a year? Ask the wealth funds that have councils over a barrel | George Monbiot
Children crying out for stability are paying the highest price for Britain’s chaotic and exploitative residential care. I’m a patron of a small local charity that helps struggling children to rebuild trust and connection. It’s called Sirona ...The Guardian - World -
Brazil counts cost of worst-ever floods with little hope of waters receding soon
Death toll in southern state of Rio Grande do Sul increasing daily as authorities plan four ‘tent cities’ for 77,000 displaced people. Three weeks after one of Brazil’s worst-ever floods hit its southernmost state, killing 155 people and forcing ...The Guardian - World - Brazil -
Child care can cost twice as much as rent in these 11 states: See the numbers
It’s no secret that child care is expensive – but in some U.S. states, it can cost at least twice as much as rent for families with more than one kid.The Hill - Politics -
European utilities cut renewable targets as high costs and low power prices bite
Trend of scaling back and reviewing plans highlights difficult economics of transitioning away from fossil fuelsFinancial Times - Business -
‘Bloody £9 for two!’ How much does an ice-cream cost around the world?
After outrage in the UK about the skyrocketing cost of a scoop, how does the rest of the world compare?. The cost of two ice-cream cones topped with bubble gum has famously risen to £9 in some parts of the UK. With inflation rampant in several ...The Guardian - World -
As Teen Employee Numbers Rise, So Do Risks of Harassment on the Job
The throng of Gen Z youth new to the workplace face increased risks of sexual harassment at work--a crime officials and prosecutors are warning employers to address.Inc. - Business -
Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
Haiti's crisis rises to the forefront of elections in neighboring Dominican Republic
As soaring violence and political turmoil grip neighboring Haiti, the Dominican Republic will hold elections Sunday that have been defined by calls for more crackdowns on migrants and finishing a border wall dividing the countriesABC News - World -
Cannabis stocks rise as U.S. moves to reclassify pot as less dangerous
Cannabis companies including Cresco Labs, Trulieve and Ayr Wellness post solid gainsMarketWatch - Business -
Big rise in diseases linked to ageing and lifestyle increases healthcare burden
Findings on ‘metabolic risk factors’ reflect shift in biggest threats since start of 21st centuryFinancial Times - Business -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Thai high: the rise of a newfound cannabis culture – a photo essay
Photographer Dougie Wallace has been looking at the impact of the decriminalisation of cannabis in Thailand, from Khaosan Road to the beach resorts, such as Krabi and Phuket, that attract tourists. The decriminalisation of cannabis in Thailand in ...The Guardian - World -
Lawmakers Fear a Wave of Election Threats Tied to the Rise of Generative AI
Some small businesses are stepping up to help protect ballot boxes and preserve faith in the electoral process.Inc. - Business