The reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain high.
Category: Prices (Fares, Fees and Rates)
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Guess Who’s Angry at China’s Real Estate Bailout: Homeowners
China has relaxed or eliminated measures on home buying to spur new purchases. This has made a vocal constituency of existing homeowners very unhappy.
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Bob Kelley, Who Made the Kelley Blue Book an Authority on Cars, Dies at 96
He knew all the data that went into determining a vehicle’s price, but he insisted that it was as much an art as it was a science.
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How Electric Car Batteries Might Aid the Grid (and Win Over Drivers)
Automakers are exploring energy storage as a way to help utilities and save customers money, turning an expensive component into an industry asset.
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Global Hot Spots Take Aim at Overtourism
From Barcelona to Bali, higher fees and new rules are targeting overtourism and unruly behavior. Some locals are worried the changes will keep tourists away.
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N.Y.S.E. Trading Glitch Briefly Sends Some Shares on Wild Ride
Berkshire Hathaway showed a drop of 99 percent before trading was halted and the technical problem corrected.
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Car Deals Vanished During the Pandemic. They’re Coming Back.
Automakers and dealers are starting to offer discounts, low-interest loans and other incentives to lure buyers as the supply of cars grows.
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Price Pendulum Swings Back to Discounts, Within Limits
The pandemic shopping boom led many retailers to widen profit margins by charging more. Now value is the watchword as consumers grow choosier.
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OPEC Plans a Gradual Unwinding of Production Cuts
The group announced after its meeting on Sunday that it would be extending production cuts into 2025 and laid out plans for phasing out voluntary cuts. Whether the strategy will work remains to be seen.
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The Floating Traffic Jam That Freaked Us All Out
The coronavirus pandemic schooled the world in the essential role of global supply chains. Have we learned anything from it?