dusanpetkovic | iStock | Getty Images Improvements to Medicare’s coverage could be on the horizon for the health insurance program’s 63.3 million beneficiaries. Under the latest version of congressional Democrats’ $1.75 trillion spending bill, the federal government would be permitted to negotiate the price of certain drugs with pharmaceutical companies, a move expected to result
Morsa Images | DigitalVision | Getty Images Job listings are requiring applicants get vaccinated in increasing numbers, and the trend appears poised to continue. The number of job postings mandating candidates have a Covid-19 vaccine doubled since the end of September, according to an analysis published Tuesday by Ladders, a career site for higher earners.
In this article COLM CLBK Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, the days of low rates are clearly numbered. Reports of hotter-than-anticipated inflation have paved the way for the central bank to unwind last year’s bond buying. While the Fed said that interest rates will stay near zero for now,
In this article TSLA VOW3-DE BMW-DE The BMW i4 seen during a BMW press event in Garching, Bavaria, on September 29, 2021. Matthias Balk | picture alliance | Getty Images The BMW Group’s sales of fully electric vehicles grew by 121.4% in the first nine months of 2021, hitting 59,688 units, with the German carmaker
A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images CVS Health on Wednesday beat expectations for fiscal third-quarter earnings as the company got a boost from filling more prescriptions and giving more Covid-19 vaccines. Despite
General view of The Royal Exchange, Bank of England and City of London on an overcast day. Vuk Valcic | SOPA Images | LightRocket | Getty Images LONDON — The Bank of England‘s Monetary Policy Committee will meet Thursday to decide whether to pull the trigger on interest rate hikes. Policymakers have intimated that a
Jeff Bezos speaks at the COP26 climate summit in Glasgow, United Kingdom on November 2, 2021. Paul Ellis | Pool | Getty Images Amazon founder Jeff Bezos has pledged $2 billion in funding to help restore nature and transform food systems. The funding, which will come from the Bezos Earth Fund, is part of the
Sen. Kirsten Gillibrand, D-N.Y., attends an an all-day vigil for a national paid leave policy on Nov. 2, 2021 in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images A proposal for a national paid family leave program has been dropped from proposed Build Back Better legislation. But the fight for a policy
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images A slight reprieve from rising mortgage rates did nothing to invigorate mortgage demand. Total mortgage application volume fell 3.3% last week compared with the previous week, according to the Mortgage Bankers
In this article MDLZ Oreo cookies, Ritz crackers and Sour Patch Kids will be more expensive in 2022, Mondelez CEO Dirk Van de Put told CNBC Tuesday. “We, at the moment, are looking at starting off 2022 with a 7% price increase in the U.S.,” he said on CNBC’s “Closing Bell.” Van de Put said
In this article FRSH In this photo illustration a Freshworks Inc logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of customer service and support software maker Freshworks fell more than 15% in extended trading on Tuesday after releasing quarterly results for the first time following
Stephan Wollenstein, CEO of Volkswagen China, presents the new ID.6 Crozz electric car during the Shanghai International Automobile Industry Exhibition on April 19, 2021. Hector Retamal | AFP | Getty Images BEIJING — When it comes to their favorite electric car brand, Chinese consumers’ top choice is Warren Buffett-backed BYD, according to a survey by
Former Theranos CEO Elizabeth Holmes leaves a federal court after a status hearing on July 17, 2019 in San Jose, California. Kimberly White | Getty Images SAN JOSE, CALIF. — A former estate attorney told jurors in Elizabeth Holmes’ criminal trial that he invested $6 million in Theranos after being introduced to Holmes by ex-Secretary
Rep. Josh Gottheimer, D-N.J., speaks during a news conference with the Problem Solvers Caucus on Dec. 3, 2020. Stefani Reynolds | Bloomberg | Getty Images As Democrats iron out their $1.75 trillion social and climate spending package, the plan may still include relief for the $10,000 cap on the federal deduction for state and local
The billionaire behind one of the UAE’s biggest property developers is taking the company he founded private, saying Dubai’s nascent real estate rebound is here to stay. “Amazing,” Damac Properties founder Hussain Sajwani said on Monday when asked to describe the recovery in Dubai’s bust-to-boom property sector, which is on an upswing after years of
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The 2022 Austrian budget proposal advances the tax reform plan agreed to by 2020’s coalition government formed by the Austrian People’s Party and the Greens. While Europe is registering record spikes in energy costs, Austria is pushing ahead with an agenda for carbon emissions reduction with a phased-in carbon levy. At the same time, the
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The Port of Los Angeles’ decision to impose fines on lingering cargo containers was a “last resort,” but it’s already showing signs of having the desired effect, Executive Director Gene Seroka told CNBC on Tuesday. The policy, which kicked in Monday, was announced this week, as part of an effort to ease port congestion that’s arisen
In this article BLMN Customers enter a Bloomin’ Brands’ Outback Steakhouse restaurant at the Queens Place Mall in the Queens borough of New York. Victor J. Blue | Bloomberg | Getty Images Shares of Outback Steakhouse parent Bloomin’ Brands tumbled more than 11% in Tuesday morning trading after the restaurant company said it’s expecting an