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business world

Key things to know about California’s midterm elections

Al Jazeera outlines what to know about California’s midterm elections, covering the state’s key races and issues. California’s contests matter nationally because of its size, congressional districts, and statewide ballot measures.

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Nearly 6 million coffee makers recalled over burn risk

Nearly 6 million coffee makers sold at major retailers are being recalled because of a burn risk. The recall affects a widely sold household appliance and may require consumers to check whether their model is included. Affected users should stop using recalled units and follow safety guidance.

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Oil Giants Report Billions in Profits as Drivers Face High Gas Prices

Major oil companies posted billions in profits while U.S. drivers continue to face high prices at the gas pump. The contrast highlights tension between corporate earnings and consumer costs amid energy market pressures and inflation concerns.

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City of London chief tops UK Black Powerlist

The head of the City of London Corporation has been ranked first on the UK Black Powerlist, an annual list celebrating Black British leaders. The recognition highlights Black representation in finance and public life.

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Guardian view: Labour fiscal devolution and the future of Burnhamism

The Guardian editorial argues that Labour’s approach to fiscal devolution will determine how “Burnhamism”—Greater Manchester-style local empowerment—plays out across municipal England. It matters because local funding powers and mayoral autonomy could shape public services and regional politics.

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Poundland in peril as inflation and price wars expose £1 stores

Poundland is under pressure as rampant inflation erodes the economics of fixed-price discount retailing and price wars squeeze the sector. The Guardian analysis says £1 stores have been left exposed, highlighting risks for UK discount retailers and budget-conscious shoppers.

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Rising Caregiving Costs Put Financial Strain on Families

The cost of caring for a loved one is rising, putting pressure on family finances as households absorb more care expenses. The trend matters because caregivers may face tighter budgets, reduced savings, and hard choices about work and long-term care.

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California midterms turn on billionaire tax after union leader's 'crazy' idea

A union leader’s proposal to tax billionaires has become the defining issue in California’s midterm elections. The idea’s rise shows how tax fairness and wealth inequality are shaping state politics and campaign debates.

business technology

US tech stocks slide sharply on worries over AI spending costs

US technology shares fell sharply as investors grew concerned about the cost of building and running artificial intelligence systems. The sell-off hit major tech companies, reflecting fears that heavy AI investment may not yet translate into profits. The moves matter because tech stocks carry heavy weight in US indexes and can affect global markets.