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Child Care Costs Are Soaring. Employers Should Pay Attention
A new report shows that for many working parents, the cost of child care now exceeds typical rent payments.Inc. - Business -
It will be even more expensive to borrow money for college this year—3 tips to cut down costs
Students taking out federal loans to pay for undergraduate college degrees will see a fixed interest rate of 6.53%. Use these tips to minimize your costs.CNBC - Business -
Bond Markets Expected to Calm Down After U.S. CPI-Triggered Rally
Rates markets looked set to enter calmer waters after U.S. inflation and retail sales data caused the latest leg higher [in prices], Commerzbank Research said.The Wall Street Journal - World -
Siemens Cuts Digital Industries Outlook on China Weakness
Siemens cut fiscal 2024 guidance for its closely watched digital industries unit, citing a slower-than-expected recovery in its China automation operations, but raised its forecast for the smart infrastructure division.The Wall Street Journal - World - China -
Berkshire Hathaway reveals secret minority stake in insurer Chubb
Conglomerate has quietly amassed a $6.7bn stake in New York-listed insurance groupFinancial Times - Business -
Insurance Financier Greg Lindberg Convicted of Trying to Bribe Official
A federal jury, in a retrial, convicted North Carolina insurance entrepreneur Greg Lindberg of attempting to bribe the state’s insurance commissioner to obtain more favorable regulatory treatment.The Wall Street Journal - World -
Japan's Biggest Insurer Plans to Go Big on Foreign Credit
Nippon Life Insurance, the largest insurer in Japan by asset size, is planning to invest more in foreign credit markets, looking to diversify its portfolio even as key domestic yields hover at decade highs.The Wall Street Journal - World - Japan -
Companies count the cost of compliance with green regulation
Is the EU recklessly piling on costs for companies? Or simply codifying best practice?Financial Times - World -
EUR/USD Little Changed; Dollar Weakness May Be Limited Near Term
The EUR/USD traded little changed, and Danske Bank Research generally expects the pair to continue being range-bound in the near term.The Wall Street Journal - World -
Gold Edges Higher, Supported by Fed Rate-Cut Bets
Gold edged higher in the early Asian session, supported by bets for Fed rate cuts which would enhance the appeal of the non-interest-bearing precious metal.The Wall Street Journal - World - Federal Reserve
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5/15: The Daily Report with John Dickerson
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Trump appeals gag order in New York "hush money" trial
Judge Juan Merchan has held Trump in contempt of court for violating the gag order 10 times, with a $1,000 fine for each violation.CBS News - Top stories - New York -
Angie Harmon sues Instacart, delivery driver for fatally shooting dog
Angie Harmon said she heard a gunshot and rushed outside, where she found her dog had been shot, and saw the delivery person putting a gun into the front of his pants, according to the lawsuit.CBS News - Top stories -
How the Supreme Court's Louisiana map decision could impact 2024 races
The Supreme Court ruled Wednesday that Louisiana can use a newly-drawn House map that includes a second district with a majority of Black voters. The decision comes after a lower court recently called the map unconstitutional racial ...CBS News - Top stories -
Minneapolis police face officer shortage amid effort to rebuild public trust
Minneapolis Police Chief Brian O'Hara says his department is short more than 200 officers, and has lost 40% of its police force in the last four years.CBS News - Top stories