Persistent Cost
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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 -
Maersk Sees Overcapacity Issues Persisting
Maersk raised the lower end of its full-year guidance despite expecting the overcapacity challenges that have plagued the industry to continue, potentially for the rest of the year.The Wall Street Journal - World -
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Federal Reserve leaves interest rates unchanged as inflation persists
The Federal Reserve will keep its benchmark rate steady, a sign that inflation has not yet come down to the targeted rate. CBS News' Jill Schlesinger and Jo Ling Kent look ahead to what this means for Americans.CBS News - Top stories - Federal Reserve -
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 -
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 -
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 -
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 -
Knicks talk mistakes that cost team Game 5: ‘Tough way to lose a ballgame’
After the Knicks blew a six-point lead with less than 30 seconds remaining, the team discussed the mistakes that cost them Game 5 against the Philadelphia 76ers.Yahoo Sports - Sports -
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 -
‘It blew our budget by a massive amount’: four couples break down their wedding costs
The average cost of a wedding in 2023 was $35,000 in the US and £20,700 in the UK – how are people spending that money?. Weddings are expensive. That much we know.. The average cost of a wedding in the US in 2023 was $35,000, according to industry ...The Guardian - World -
How much does long-term care insurance cost for a 65 year-old?
Are you thinking about purchasing long-term care insurance at 65? Here's how much your coverage could cost.CBS News - Top stories -
The Federal Reserve holds interest rates steady, offers no relief from high borrowing costs — what that means for your money
The Federal Reserve pushed out rate-cut expectations — here's what that means for your credit card, mortgage rate, auto loan and savings account.CNBC - Business - Federal Reserve -
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