One of the biggest economic surprises of 2023 was how quickly inflation faded. A dig into the details offers hints at whether it will last into 2024.
Category: Prices (Fares, Fees and Rates)
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Tesla Sales Rebound After Steep Price Cuts
The leading electric-vehicle maker also drew buyers eager to take advantage of government incentives that will be harder to get in 2024.
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Indian Stocks Are Booming. Why Is Long-Term Investment Lagging?
Long-term investment in India by businesses is stagnant, and foreign money is falling, even as the government is driving growth with infrastructure spending.
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China’s BYD Sold 3 Million Electric Vehicles and Hybrids in 2023
Sales by BYD, the country’s dominant automaker, topped 3 million last year, including 1.6 million fully battery-powered cars in a sign of China’s rapid growth in EVs.
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Workers on a Philippines Coconut Farm: Born Poor, Staying Poor
In the groves of the Philippine island of Mindanao, people living in rural areas struggle to feed themselves in the same way as their ancestors.
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Inside the News Industry’s Uneasy Negotiations With OpenAI
Several major publishers have been in talks to license content to the creator of ChatGPT, but agreement on the price and terms has been elusive.
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Holiday Spending Increased, Defying Fears of a Decline
While the pace of growth slowed, spending stayed strong because of robust job growth and strong wage gains.
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In 2023, Movie Audiences Wanted Comfort, Not Superhero Spectacle
Movie audiences flocked to Taylor Swift, “Barbie” and “Oppenheimer” but were cooler toward returning superheroes like the Flash, Captain Marvel and Aquaman.
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Red Sea Shipping Halt Is Latest Risk to Global Economy
Next year could see increasing volatility as persistent military conflicts and economic uncertainty influence voting in national elections across the globe.
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Fed’s Preferred Inflation Gauge Cooled Notably in November
A key inflation measure has been slowing and overall prices actually declined slightly from October, good news for officials and consumers.
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Angola to Quit OPEC in Dispute Over Oil Production Levels
Officials have been unhappy after the oil cartel, led by Saudi Arabia, pushed Angola and other countries to accept lower production ceilings.
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Choice Hotel Franchise Owners Push Back on Merger With Wyndham
Franchisees are fighting Choice Hotels’ attempted takeover of its biggest rival, which would create a dominant player in the budget hotel sector.