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☆ A half-million school buses across US could become an EV battery powerhouse feeding the grid
▼ + stars: | 2024-05-15 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

The company's goal is to add 10,000 bidirectional EV school buses across the U.S. with 300 gigawatt hours of energy available to power grids each year. In effect, instead of the one-way charge into the vehicle, the school buses will be able to send their battery power back to the grid through Zum charging infrastructure. The roughly 500,000 school buses are mostly diesel, contributing to emissions. Ram Ambatipudi, senior vice president of business development at EV Connect, which provides EV charging solutions, said the school bus model is one of the most promising in the area of using EV battery storage in a bidirectional nature. "The low-hanging fruit from what I've seen is the school bus model," Ambatipudi said.

Persons: Ritu Narayan, Ram Ambatipudi, Ambatipudi, It's Organizations: San, San Francisco Unified, Los Angeles Unified, Oakland Unified, EV Connect, Ford Locations: California, San Francisco, Oakland, California , Colorado , Connecticut , Illinois, Maryland , Massachusetts , Missouri , Nebraska , Pennsylvania, Tennessee , Texas, Washington , Utah, Virginia, U.S

☆ Average annual child care costs twice as much as rent in 11 states and the District of Columbia
▼ + stars: | 2024-05-15 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

CNN —If you think the rent is too damn high, wait until you get the bill for child care. And the tab exceeded annual typical mortgage payments in 45 states, plus the District of Columbia, according to Child Care Aware. Nationwide, the average annual cost of care rose to $11,582 per child last year, up 3.7% from the prior year. Further exacerbating the shortage was the continued disappearance of licensed child care providers who operate out of their homes. Also, another $15 billion federal pandemic infusion for child care and development block grants, which states use to subsidize child care for working families, will expire this coming September.

Persons: that’s, Sandra Bishop, ”, Anne Hedgepeth Organizations: CNN, District of Columbia, of Columbia, Care, Nationwide, US Department of Health, Human Services, Care Aware’s, Century Foundation Locations: Illinois , Indiana , Iowa , Kansas , Massachusetts, Minnesota , Nebraska , Pennsylvania, Rhode Island , Vermont, Wisconsin

☆ 10 cities where Social Security and retirement incomes are the highest
▼ + stars: | 2024-05-14 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Read previewResidents of some cities in Virginia, Massachusetts, and Texas have the nation's highest retirement income and Social Security benefits. The DC area's high retirement incomes stem mainly from higher pension and IRA incomes instead of Social Security payments, which are lower than many other cities in the top 20. This breaks down into $51,344 in retirement account income and $28,219 in Social Security income. Though not in the top 10 overall, Ann Arbor ranked highest for Social Security income at $30,428, followed closely by Carmel, Indiana, at $30,069. Meanwhile, residents of 14 cities in SmartAsset's study depend on Social Security for over half their retirement income, including Lewisville, Texas, at 54.4%.

Persons: —, they're, Ann Arbor Organizations: Service, Social Security, Survey, Business, Nationwide, AARP, Social, DC, Goodyear Locations: Virginia , Massachusetts, Texas, Arlington , Virginia, Cambridge , Massachusetts, The Woodlands , Texas, Washington, DC, Arlington, Alexandria, Cambridge, Berkeley, Highlands, Colorado, Naperville, Illinois, Carmel , Indiana, Southern, Arizona, Sugar, Lewisville , Texas, Spring Hill , Florida, South Bend , Indiana

☆ Top Republican donors fund group doxxing pro-Palestinian college students
▼ + stars: | 2024-05-13 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

The contributors listed on the tax return include billionaire Republican megadonor Jeff Yass, who Accuracy in Media said gave it $1 million. The family foundation of shipping supply magnate Richard Uihlein is also identified on the tax return, which says the Ed Uihlein Family Foundation gave $10,000. According to its tax return, Accuracy in Media said it received $15,000 from the Coors brewing family's charitable foundation. But AIM president Adam Guillette told CNBC Yass had been misidentified, and he did not give to the organization. Nonprofit groups are not required to release their donors' names publicly, but they are required to report to the IRS the names of donors who gave $5,000 or more.

Persons: Claudine Gay, Pat Greenhouse, Jeff Yass, Richard Uihlein, Ed Uihlein, Milstein, Adam Milstein, Adolph Coors, Peter H, Janine, John Harvard, Joseph Prezioso, Adam Guillette, Guillette, Phil Headley, Uihlein, Israel, Ben Curtis Organizations: Harvard, Harvard University, Boston Globe, CNBC, Media, Foundation, Milstein Family Foundation, Internal Revenue, Coors, Adolph Coors Foundation, Molson Coors, Susquehanna International Group, Pro, Harvard University in, Afp, Getty, IRS, CNBC Yass, JBS, Company, AIM, Nonprofit, Independent Women's, South, IWF, Amazon, Project Veritas, Harvard College Locations: Yass, Uihlein, Harvard University in Cambridge , Massachusetts, South Carolina, Israel, Gaza, Harvard University in Cambridge

☆ A Harvard education costs over $82,000 a year—here's how much students actually pay
▼ + stars: | 2024-05-12 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Going to an Ivy League institution like Harvard University can pay off in the long run. Before they get there, though, Harvard students have a steep price to pay. However, many students pay far less than the sticker price. Over half — 55% — of Harvard undergraduates receive institutional scholarships, according to the school, and 24% of Harvard families pay nothing after aid and grants. Students who receive federal financial aid pay an average of $19,500 a year to attend Harvard, according to the College Scorecard.

Organizations: Ivy League, Harvard, Department, Education's, Stanford University , Massachusetts Institute of Technology, Duke University and University of Chicago

CNN —Pro-Palestinian encampments were cleared from at least three college campuses early Friday, marking some of the latest examples of schools using law enforcement to respond to demonstrations that have popped up across the country in recent weeks. Police begin dismantling protest encampment at University of Pennsylvania: Police ordered protesters to leave their encampment early Friday morning. Signs and flags are seen at a pro-Palestinian encampment on the lawn of the Stratton Student Center at the Massachusetts Institute of Technology in Cambridge, Massachusetts, on Thursday. Rick Friedman/AFP/Getty ImagesMIT encampment dismantledDemonstrators chanted messages like, “Free Palestine” as police dismantled the pro-Palestinian encampment on the Cambridge, Massachusetts, campus early Friday, video from CNN affiliate WFXT showed. On Thursday, fewer than 10 students were arrested on campus, according to the university.

Persons: United Nations Linda Thomas, Greenfield, Reynold Verret, won’t, Donna Shalala, Rick Friedman, WFXT, Francesca Riccio, Ackerman, Andy Rose Sam Simpson, Rob Frehse, Zenebou Sylla Organizations: CNN — Pro, Massachusetts Institute of Technology, Law, The University of Arizona, . Police, University of Pennsylvania : Police, Daily, Police, ” Police, CNN, WPVI, Xavier University, UN, US, United Nations, Hamas, The New, New York City, Faculty Senate, Stratton Student, Getty, MIT Locations: College, Louisiana, Israel, Stratton, Cambridge , Massachusetts

☆ Jim Simons, billionaire hedge fund founder, dies at 86
▼ + stars: | 2024-05-10 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Jim Simons, the billionaire investor, mathematician and philanthropist, died on Friday in New York City, according to his foundation, the Simons Foundation. According to his foundation, Simons was fired from the institute in 1968 due to his opposition to the Vietnam War. Simons then joined the faculty at Stony Brook University as the head of the school’s mathematics department. Last year, Simons’ foundation donated $500 million to Stony Brook’s endowment, the largest unrestricted gift to an American university in history, according to the Simons Foundation. “I joined Stony Brook University in 1968 as chair of their Department of Mathematics,” Simons said at the time.

Persons: Jim Simons, Simons, ” Simons, “, ” Organizations: CNN, Simons, Technologies, Massachusetts Institute of Technology, University of California, MIT, Harvard University, Institute for Defense, National Security Agency, Stony Brook University, Renaissance Technologies, Simons Foundation, of Mathematics Locations: New York City, Newton , Massachusetts, Berkeley, Princeton , New Jersey, Vietnam, American

We've got you covered if you're looking for how to get tickets to Maroon 5's concert tour. Maroon 5 2024 tour scheduleMaroon 5 has 16 concert dates lined up for their Las Vegas residency in 2024. Of course, original ticket prices for Maroon 5's 2024 tour vary depending on date, location, and demand for each show. Generally, resale ticket prices for Maroon 5's 2024 shows are comparable to or cheaper than the costs of standard original tickets. Maroon 5 doesn't have any opening acts for their Las Vegas residency concert dates.

Persons: Adam Levine, We've, Maren Morris, hasn't Organizations: Business, Las Vegas, MGM, Dolby, Las, Ticketmaster, Vivid Locations: Las Vegas, North America, Vegas, Clarkston, MI, Toronto, ON, Canada, Charlotte, NC, Holmdel, NJ, Springfield, NY, Milwaukee, Ottawa, Clarkston , Michigan, , New Jersey, Springfield , Massachusetts, Toronto , Ontario, Ottawa , Ontario

☆ Key student-debt relief programs are at risk if Congress doesn't boost Education Department funding, 25 Democratic lawmakers say
▼ + stars: | 2024-05-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Sen. Elizabeth Warren led a group of Democrats in pushing for increased Federal Student Aid funding. AdvertisementA group of Democratic lawmakers is pointing to one key thing that will help student-loan borrowers and families navigate financial aid: more funding. Advertisement"FSA's responsibilities have increased to protect students and borrowers, but its federal funding has remained stagnant," they wrote. AdvertisementWhen it comes to the FAFSA, both Republican and Democratic lawmakers have been highly critical of the way the Education Department has facilitated the rollout. The Education Department is also in the process of crafting its broader student-debt relief plan, which is currently in the public comment period.

Persons: Sen, Elizabeth Warren, —, Massachusetts Sen, Tammy Baldwin, Shelley Moore Capito, Joe Biden's, Biden, Secretary Miguel Cardona, Cardona Organizations: Federal Student Aid, Service, Democratic, Massachusetts, Sens, Republicans, Business, Education Department, Public, Republican, Secretary

☆ Massachusetts woman beats incredible odds to win $1 million lottery prize twice in 10 weeks
▼ + stars: | 2024-05-05 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Christine Wilson from Massachusetts won her second $1 million lottery prize within 10 weeks. AdvertisementA woman has claimed her second $1 million lottery prize within 10 weeks, playing the Massachusetts State Lottery. Wilson's first $1 million prize was from Dubs's Discount Liquors, also in Mansfield. New Jersey native Evelyn Adams also won the lottery twice — in 1985 and 1986, earning her a total of $5.4 million. The odds of winning the lottery twice are 283 billion to one, according to UK National Lottery operator Camelot.

Persons: Christine Wilson, —, Wilson, Stuart C, aren't, Kevin Miller, Kenneth J Stokes, David, Kathleen Long, Evelyn Adams, didn't sate Adams, Juan Hernandez, he'd Organizations: Massachusetts, Service, Massachusetts State, Massachusetts State Lottery, Juan Hernandez of, New York, UK National Lottery, Camelot Locations: Attleborough , Massachusetts, Mansfield, Liverpool, Massachusetts, . New Jersey, Juan Hernandez of Nassau County , New York

☆ Sam Altman wants to make AI like a 'super-competent colleague that knows absolutely everything' about your life
▼ + stars: | 2024-05-04 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

OpenAI CEO Sam Altman described the ultimate AI app to the MIT Technology Review. Altman's vision is that AI will take on real-world tasks — not just function as a chatbot. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Related storiesThe bottom line is that Altman wants AI to function as more than just a chatbot. Altman didn't specify when this tool will be available and how advanced AI must be to support it.

Persons: Sam Altman, —, Sam Altman's, Altman, They'll, ChatGPT, OpenAI Organizations: MIT Technology, Service, OpenAI Locations: ChatGPT, Cambridge , Massachusetts

☆ Renowned American artist Frank Stella dies aged 87
▼ + stars: | 2024-05-04 | by ( Kathleen Magramo | Sara Smart | ) edition.cnn.com time to read: +2 min

CNN —Frank Stella, the American artist renowned for his abstract works, died on Saturday at the age of 87, his longtime representative said in a statement. “It has been a great honor to work with Frank for this past decade,” said Marianne Boesky, who has represented Stella since 2014, in a statement. “His is a remarkable legacy, and he will be missed.”Born in 1936, Massachusetts native Stella attended Phillips Academy Andover, where he studied painting under Patrick Morgan. Stella continued to create art well into his ninth decade, with his some of his recent sculptures being displayed at the Jeffrey Deitch Gallery in New York City. One of his final pieces is still on display in Florida at the Museum of Contemporary Art Jacksonville.

Persons: Frank Stella, Stella, Harriet E, McGurk, Frank, ”, Marianne Boesky, Patrick Morgan, Stephen Greene, Willliam Seitz, Frank Stella's, Gabriel Bouys, Moby Dick ”, Jeffrey Deitch Organizations: CNN, The New York Times, Stella, Phillips Academy Andover, Princeton, Guggenheim, Getty, Museum of Modern Art, Jeffrey, Museum of Contemporary Art Locations: American, Manhattan, Massachusetts, New York City, Rome, Italy, AFP, Florida, Museum of Contemporary Art Jacksonville

☆ If you have these 3 habits, you're more resilient than most people, experts say
▼ + stars: | 2024-05-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

The more mentally resilient you are, the more quickly you can recover from challenges or persist in the face of them, according to Wharton psychologist Adam Grant. Here are three habits that can help you become highly resilient, experts say:Tend and befriendIf your typical response to stress is to get away from it or shut down, you're not alone. But resilience is all about finding ways through life's stressors and learning from them, and creating social connections can help. "We all know about fight-or-flight — the stress response that can occur when we encounter a perceived threat," executive coach and author Jason Shen wrote for CNBC Make It in March. "But social scientists have uncovered a different and equally important stress response called 'tend-and-befriend,'" which involves seeking contact with others when you're facing a tough situation.

Persons: Adam Grant, Wharton, Jason Shen, Shen, Justin McDaniel —, McDaniel Organizations: Massachusetts Conference, Boston Convention Center, American Psychological Association, CNBC, Facebook, University, Pennsylvania Locations: Boston , Massachusetts

☆ Eight tons of ground beef sold at Walmart locations nationwide recalled for possible E. coli contamination
▼ + stars: | 2024-05-02 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —More than 16,000 pounds of raw ground beef products were recalled by the US Department of Agriculture on Wednesday on concerns the meat may be contaminated with E. coli. The meat items, produced by Cargill Meat Solutions, were sold at Walmart retail locations across the United States. According to a recall notice from the USDA, the potentially contaminated beef was produced on April 26 and April 27. “At Walmart, the health and safety of our customers is always a top priority,” a Walmart spokesperson told CNN in a statement. Walmart customers who have purchased any affected products should throw them away or return them to the place where they were purchased, according to the agency.

Persons: haven’t, “, ” Cargill, Cargill Organizations: CNN, US Department of Agriculture, Cargill Meat Solutions, Walmart, “, Lean Locations: United States, Connecticut , Massachusetts, Maryland , New Hampshire , New York, North Carolina , Ohio, Pennsylvania, Vermont, Virginia, West Virginia, Washington

☆ 317,000 student-loan borrowers are getting $6.1 billion in debt canceled after being misled about career prospects and how much money they could make after graduation
▼ + stars: | 2024-05-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department announced $6.1 billion in student-debt relief or 317,000 borrowers. The relief applies to borrowers who attended any Art Institute campus from January 1, 2004, to October 16, 2017. Investigations found that the Art Institutes misled students about career prospects and salaries. The Art Institutes were a for-profit system that prompted investigations from the attorneys general of Iowa, Massachusetts, and Pennsylvania. More broadly, the Education Department is working to implement its broader student-loan forgiveness plan after the Supreme Court struck down its first attempt.

Persons: —, Joe Biden's, Richard Cordray, Biden Organizations: Education Department, Art Institute, Investigations, Art, Service, Joe Biden's Education Department, Art Institutes, Aid, Corinthian College, Public Locations: Iowa , Massachusetts, Pennsylvania

☆ Biden administration forgives $6.1 billion in student debt for 317,000 former Art Institute students
▼ + stars: | 2024-05-01 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

A general view of the atmosphere during The Art Institute of Atlanta commencement ceremony at Riverside EpiCenter on June 17, 2022 in Austell, Georgia. The Biden administration on Wednesday announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of The Art Institutes, the once giant chain of for-profit schools. The relief will go to borrowers who enrolled at any of the dozens of Art Institute campuses across the country between Jan. 1, 2004 and Oct. 16, 2017. "We must continue to protect borrowers from predatory institutions — and work toward a higher education system that is affordable to students and taxpayers," Cardona added. said The Art Institutes falsified average salaries among graduates, among other abuses.

Persons: Biden, Education Miguel Cardona, Cardona, Serena Williams Organizations: Art Institute, Atlanta, Wednesday, The Art Institutes, U.S . Department of Education, Education Management Corporation, Art Institutes, Education, Finance, Treasury Department, Art Locations: Riverside, Austell , Georgia, Iowa , Massachusetts, Pennsylvania

☆ My $500,000 Home Renovation Turned Into a Real-Estate Nightmare
▼ + stars: | 2024-05-01 | by ( Christine Chitnis | ) www.businessinsider.com time to read: +13 min

What was supposed to be a yearlong $140,000 renovation ballooned into three excruciating years that cost us more than $500,000 — and the work is still not finished. But as my husband and I soon discovered, unless you've made a plan, legal protections for homeowners are close to nonexistent. Every time our contractor turned up the temperature, we grimly adjusted to the reality of our demise. Knowing the cardinal rule of home renovation — never pay in full until the job is over and inspected — we grew suspicious. Despite completing several home-improvement and renovation projects with her husband over the years, she lacked the confidence to DIY the renovation of her newly purchased 6,500-square-foot home.

Persons: Arcadis, you've, Christine Chitnis, wasn't, It's, We've, Amanda Jane Jones, Jones, David Jensen, Greenberg Traurig, He'd, Jensen, Lisa DiAntonio, DiAntonio, hadn't, what's, Condé Organizations: Homeowners, Harvard's, for Housing Studies, Department of Business, American Institute of Architects, Vogue, The New York Times Locations: Rhode Island, North America, Northern Michigan, Michigan, Utah, New Jersey, Andover , Massachusetts

☆ How to save for retirement if your company doesn't offer a 401(k)
▼ + stars: | 2024-04-30 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

Even if your employer doesn't offer a 401(k) plan, it shouldn't stop you from getting the most out of your retirement savings. You have other tax-advantaged options available to save for the future, including individual retirement accounts, Roth IRAs or health savings accounts — all of which can help your money grow. However, only about 11% of Americans max out their 401(k) contributions. If you don't have an employer retirement plan like a 401(k), all of those contributions are tax deductible. And unlike traditional IRAs, you don't have to take minimum distributions at any point.

Persons: Roth, Justin Rucci, Roth IRAs Roth, Alyson Basso Locations: Newport Beach , California, Middleton , Massachusetts

☆ The top 9 cities tech talent is moving to — and 9 places they're leaving
▼ + stars: | 2024-04-30 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

New York, Austin, and LA were the top cities tech talent moved to in 2023, according to a report. Several places attracting tech workers are "blue island" cities in red states. 1 place tech workers moved to in 2023 was New York City, according to a recent SignalFire report. AdvertisementThe top nine cities tech workers relocated to were:New York City, New YorkAustin, TexasLos Angeles, CaliforniaDenver, ColoradoSan Diego, CaliforniaMiami/Fort Lauderdale, FloridaDallas/Fort Worth, TexasNashville, TennesseeTampa/St. AdvertisementSeveral of the cities attracting tech workers also happen to be "blue island" cities located in red states, such as Austin, Nashville, Tampa, and Miami.

Persons: —, Austin Organizations: Boston, Service, Tech, San, Business, St . Petersburg , Florida New, Los, California Portland , Oregon Detroit , Michigan Provo , Utah San, Seattle, York Locations: York, Austin, LA, San Francisco, Seattle, Miami, New York City, San Francisco Bay, California, New York , Texas , California, Florida, New York City , New York Austin , Texas Los Angeles , California Denver , Colorado San Diego , California Miami, Fort Lauderdale , Florida Dallas, Fort Worth , Texas Nashville , Tennessee Tampa, St . Petersburg , Florida, St . Petersburg , Florida New York, Los Angeles, Francisco , California Seattle, Washington Boston , Massachusetts Phoenix , Arizona Washington, DC Sacramento, California Portland , Oregon Detroit , Michigan Provo , Utah, California Portland , Oregon Detroit , Michigan Provo , Utah San Francisco, New York, Boston, San Francisco and California, Texas, York City, Nashville, Tampa, Utah , Idaho, Arkansas

☆ This is the salary it takes to be considered rich in every state
▼ + stars: | 2024-04-26 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

The richest of the rich live in Washington, D.C., where it takes a salary of $719,000 to land in the top 5% of earners. Washington state has seen the most dramatic growth in what it takes to be rich in recent years, according to the report. By 2022, the salary it takes to stay at that level is more than $544,000. Back then, only Connecticut and Washington, D.C., had a 5% top-earning threshold of $500,000. Here's the salary it takes to be considered in the top 5% of earners in each state, listed alphabetically, plus Washington, DC:

Persons: Andrew Murray, Murray Organizations: Washington , D.C, Survey, Amazon, GoBankingRates, D.C Locations: America, Washington ,, Connecticut, Washington, Seattle, U.S, Washington , California , Massachusetts, Hawaii, Virginia, Colorado , New York , New Jersey , Illinois, Maryland, DC

☆ Bristol Myers Squibb beats on revenue, launches $1.5 billion cost cuts as it posts quarterly loss
▼ + stars: | 2024-04-25 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Bristol Myers Squibb on Thursday reported first-quarter revenue that topped expectations as its blockbuster blood thinner Eliquis and several new drugs posted sales growth. Two-thirds of savings are associated with drug research and development, Bristol Myers Squibb executives said during an earnings call on Thursday. Those deals come as Bristol Myers faces pressure to launch new drugs and offset the potential loss of revenue from top-selling treatments. Shares of Bristol Myers fell more than 1% in premarket trading Tuesday.

Persons: Bristol Myers, Samit Hirawat, Chris Boerner, Boerner, Revlimid Organizations: Bristol Myers Squibb, Bristol Myers, Karuna Therapeutics, SystImmune, Bristol, LSEG Locations: Cambridge, Cambridge , Massachusetts, Here's

☆ The FTC is fighting for your right to job-hop
▼ + stars: | 2024-04-24 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe FTC wants to give Americans the freedom to job-hop without pesky noncompete contracts getting in the way. The Federal Trade Commission voted 3-2 on Tuesday to approve a nationwide ban on noncompete agreements, the agency announced in a press release. The move could help American workers make $300 billion more a year, the FTC has previously said. Companies can keep existing contracts for some senior executives, but that will only affect about 0.75% of workers, the FTC said.

Persons: —, pesky noncompete, Evan Starr, Lina M, Khan, Suzanne P, Clark Organizations: Service, Federal Trade Commission, FTC, Business, Employers, University of Maryland, New York Times, US, of Commerce, Commerce's, National Labor Relations Locations: California , Massachusetts, Illinois

☆ Novartis lifts guidance after first-quarter results beat expectations
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: +2 min

Signage is displayed on the exterior of the Novartis AG Institutes for BioMedical Research building in Cambridge, Massachusetts, U.S., on Friday, Aug. 5, 2016. Swiss drugmaker Novartis on Tuesday raised its full-year guidance after reporting better-than-expected first-quarter results. In a statement, it said 2024 net sales would likely grow by a high-single to low double-digit percentage with adjusted operating income expected to grow by a low double-digit to mid-teens percentage. It has previously predicted that adjusted operating income would increase by a "high single-digit" percentage with "mid single-digit" sales growth. Quarterly adjusted operating income gained 16% to $4.54 billion, beating an average analyst estimate of about $4.3 billion.

Persons: Bristol Myers, Giovanni Caforio, Joerg Reinhardt, Vas Narasimhan, Sandoz Organizations: Novartis, Institutes, Research, Bristol, Bristol Myers Squibb Locations: Cambridge , Massachusetts, U.S

☆ A Gen X couple moved from California to Massachusetts to escape high housing costs: 'We still pinch ourselves over how lucky we are.'
▼ + stars: | 2024-04-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

AdvertisementSteve Dalton, 56, and his partner Sydney Sauber, 58, were ready to leave the Bay Area of California after nearly two decades. Leaving California for MassachusettsDalton, an IT professional for a university, was born and raised in the Bay Area. While there, she met Dalton, and they moved into a condo in San Pablo two years later in 2010. As they reached retirement age, the couple wanted to purchase a house, though they knew that would be implausible in the Bay Area with their budget. He estimates a similar home in the Bay Area would cost over $2 million.

Persons: Steve Dalton, Sydney, Dalton, —, they've, Worcester, Massachusetts Dalton, Pablo didn't, Sauber, he's, They've Organizations: Sydney Sauber, Sauber, Worcester, Service, Survey, Chevron, Red Sox Locations: California, Massachusetts, Bay, West Coast, Worcester , Massachusetts, Worcester, Marin County, San Francisco, Contra Costa County, Puerto Rico, New York , Texas, Florida, New England, Northampton, Salem , Massachusetts, Dover , New Hampshire, East, San Pablo, Oakland, Pablo, Englanders

☆ Amazon ends drone program in California, plans to start deliveries in Arizona later this year
▼ + stars: | 2024-04-22 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022. Amazon is shuttering its drone delivery operations in Lockeford, California, one of the earliest U.S. test sites for the decade-long project. Amazon said in a blog post Monday that it intends to keep expanding drone deliveries to more U.S. cities in 2025, and plans to open up in part of the Phoenix area later this year. The company said it's working with the Federal Aviation Administration and local officials to get permission for drone deliveries in Tolleson, Arizona, west of Phoenix. Amazon has still continued to push ahead with expanding drone deliveries.

Persons: Jeff Bezos, we've, Amazon, it's Organizations: Amazon, Federal Aviation Administration, FAA, Station ,, Embention Locations: Westborough , Massachusetts, Lockeford , California, U.S, Tolleson , Arizona, Phoenix, Lockeford, Station, Station , Texas, Houston, Sacramento

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