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Americans can expect to pay a lot more for medical care in retirement

Americans can expect to pay a lot more for medical care in retirement

Lisafx | Istock | Getty Images A 65-year-old couple retiring this year can expect to spend an average of $315,000 in health-care and medical expenses in their retirement, according to a new estimate by Fidelity Investments. That’s 5% higher than last year’s estimate. While much of the increase this year came from higher Medicare Part …

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China's economic data disappoint in April as Covid controls weigh

China’s economic data disappoint in April as Covid controls weigh

The persistent spread of Covid and resulting stay-home orders — primarily in Shanghai — forced factories to close or operate at limited capacity in April. Pictured here on May 12 is a refrigerator factory in Hefei, China, about a five hours’ drive from Shanghai. Xie Chen | Visual China Group | Getty Images BEIJING — …

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China has been quietly building a blockchain platform. Here's what we know

China has been quietly building a blockchain platform. Here’s what we know

China has made blockchain technology a strategic priority. Blockchain-based Service Network, or BSN, is part of its efforts to boost its capabilities in the sector. Yuichiro Chino | Moment | Getty Images Chinese President Xi Jinping has declared that his country needs to “seize the opportunities” presented by blockchain technology. In a speech in 2019, …

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holcim:  Adani to acquire Holcim India assets for $10.5 bn - Times of India

holcim: Adani to acquire Holcim India assets for $10.5 bn – Times of India

NEW DELHI: Asia’s richest man Gautam Adani’s group on Sunday said it has clinched a deal to acquire a controlling stake in Holcim Ltd’s businesses in India for USD 10.5 billion, marking the ports-to-energy conglomerate’s entry into the cement sector. The Adani Group will acquire 63.1 per cent of Ambuja Cements Ltd along with related …

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A severe pilot shortage in the U.S. leaves airlines scrambling for solutions

A severe pilot shortage in the U.S. leaves airlines scrambling for solutions

Airline pilots walk through the Ronald Reagan Washington National Airport on December 27, 2021 in Arlington, Virginia. Anna Moneymaker | Getty Images The United States is facing its worst pilot shortage in recent memory, forcing airlines to cut flights just as travelers are returning after more than two years of the Covid-19 pandemic. The crisis …

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Elon Musk wants to know how many fake accounts Twitter has, but experts say his approach is all wrong

Elon Musk wants to know how many fake accounts Twitter has, but experts say his approach is all wrong

Tesla CEO Elon Musk sent Twitter shares tumbling on Friday when he said he was going to put his $44 billion acquisition of the social network “on hold” while he researches the proportion of fake and spam accounts on the platform. Though Musk later clarified that he remains committed to the deal, he continued to hammer …

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Burning waste to make energy: How Amazon, American Airlines and Subaru are trying to get out of landfills

Burning waste to make energy: How Amazon, American Airlines and Subaru are trying to get out of landfills

In northern California’s Stanislaus County, next to a landfill, there’s a company managing waste in a very different way: by burning trash instead of burying it. The energy recovery facility run by New Jersey-based Covanta harnesses steam to make enough electricity to power 18,000 homes in the area. A portion of the waste comes from …

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The plant-based food industry is facing a reset as Beyond Meat and Oatly shares suffer

The plant-based food industry is facing a reset as Beyond Meat and Oatly shares suffer

In this photo illustration Oatly oat milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olson | Getty Images Wall Street appears to be souring on plant-based substitutes. Shares of Beyond Meat and Oatly have shed more than half their value this year. The stocks are both high-profile and relative recent entrants to …

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This flashy Bel Air mansion that was listed at $87.8 million flopped at auction — and now the seller is furious

This flashy Bel Air mansion that was listed at $87.8 million flopped at auction — and now the seller is furious

An over-the-top modern mansion in Bel Air was listed for $87.8 million for an auction this week. But the highest bid came in just under $45.8 million, according to the home’s seller, dermatologist-turned-developer Alex Khadavi. “Horrible, Horrible, Horrible!” was how Khadavi characterized the auction results to CNBC. He filed for Chapter 11 bankruptcy protection two …

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