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CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist | KLRT [Video]

CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Streets forecast. Shares of the health care giant plunged Wednesday after the company said it was still struggling with rising costs from care use in its Medicare Advantage business. Company leaders told analysts they were still dealing with rising []

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Federal Reserve says interest rates will stay at two-decade high until inflation further cools | KLRT [Video]

WASHINGTON (AP) The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesnt plan to cut interest rates until it has greater confidence that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at []