Tag Archives: MoneyWatch

Novo Nordisk to cut some insulin prices by up to 75%

Novo Nordisk plans to slash the U.S. list prices for several of its insulin drugs by as much as 75%, the company said on Tuesday. The move follows Eli Lilly’s announcement earlier this month that it would cut prices on some of its insulin products. Novo Nordisk, a Danish pharmaceutical …

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Norfolk Southern releases new safety plan after second derailment in Ohio

Norfolk Southern on Monday announced a “six-point plan” to improve safety, a blueprint the rail company issued after its second train derailment in Ohio in a matter of weeks. On Saturday, about 20 cars of a 212-car train derailed near Springfield, Ohio, although Norfolk Southern said there were no hazardous materials on …

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Super Nintendo World theme park opens at Universal Studios in Los Angeles

Fans of Mario and Luigi can enter the world of Super Mario Bros thanks to Universal Studios Hollywood’s Super Nintendo World theme park in Los Angeles, which opened to the public on Friday.  The entrance to the park consists of a gigantic green pipe tunnel, similar to the one Mario …

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Microsoft is using ChatGPT to recap Teams meetings

Microsoft is integrating ChatGPT-like capabilities into its meeting software, contributing to the user base that has made the AI-powered generative text tool the fastest-growing app of all time. The tech company on Thursday introduced a “more intelligent” premium version of Microsoft Teams, its videoconferencing tool, powered by the same AI …

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Stocks rise after Fed acknowledges “disinflationary process has started”

Stocks swung to gains on Wall Street following the latest hike to interest rates by the Federal Reserve, which said it’s finally seeing improvements in inflation.  The S&P 500 rallied after an early 1% loss and rose 43 points, or 1.1%, to close at 4,119. The Dow Jones Industrial Average …

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Faced with a $1,000 emergency, most Americans say they wouldn’t have the money

A majority of Americans say they would struggle to pay for a $1,000 emergency expense, with a record share saying they would have to turn to credit cards to cover the cost, according to a new study released Wednesday. Only 4-in-10 Americans said they could cover an emergency of $1,000 …

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Are you a “motivated dater”? Dating app Hinge might be for you.

One dating app is testing the limits of how much people are willing to pay for love. Hinge is adding a new subscription tier that charges “highly motivated daters” up to $60 per month. The app, part of Match Group’s portfolio of dating apps, is aiming the new premium offering …

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S&P 500 caps off dismal year with worst loss since 2008 financial crisis

Stocks are closing out 2022 with more losses, giving the S&P 500 its worst year since 2008. The benchmark index fell 10 points, or 0.3% to close at 3,840, leaving it down 19.4% for the year — its worst loss since the financial crisis 14 years ago.  The Dow Jones …

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Social Security COLA increase: Here’s when you’ll get your 8.7% hike

Social Security recipients will soon receive their biggest benefit hike since 1981, with the pension program set to deliver an 8.7% cost-of-living increase in 2023.  The annual cost-of-living adjustment, or COLA, takes effect with the December benefits, but those payments will reach most recipients in January 2023, according to the …

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Airbnb to launch apartment rental service and give landlords a cut

Home-sharing service Airbnb has a pitch for renters stretched thin by inflation: Rent out your apartment to guests to offset the rising cost of living.  The short-term rental service is partnering with some of the biggest landlords to helps renters find an Airbnb-friendly apartment where they can live and host …

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