• Reuters

    UPDATE 1-Vale's net profit down 9% in the first quarter

    Vale, one of the largest iron ore producers in the world, posted a $1.7 billion net profit for the quarter ended in March, while analysts polled by LSEG were expecting a $1.9 billion profit. The main impact on Vale's net profit when compared to the first quarter of last year came from lower realized prices of iron ore, nickel and copper, according to the company earnings release. Vale had already disclosed first-quarter output and sales figures last week.

  • Associated Press Finance

    New California rule aims to limit health care cost increases to 3% annually

    Doctors, hospitals and health insurance companies in California will be limited to annual price increases of 3% starting in 2029 under a new rule state regulators approved Wednesday in the latest attempt to corral the ever-increasing costs of medical care in the United States. The money Californians spent on health care went up about 5.4% each year for the past two decades. Democrats who control California's government say that's too much, especially since most people's income increased just 3% each year over that same time period.

  • HuffPost

    Tupac Shakur's Estate Gives Drake 24 Hours To Remove 'Taylor Made Freestyle'

    The song, a diss track directed at Kendrick Lamar, appeared to use artificial intelligence to simulate the voices of two West Coast hip-hop legends, Tupac and Snoop Dogg.