The pandemic shopping boom led many retailers to widen profit margins by charging more. Now value is the watchword as consumers grow choosier.
Category: Prices (Fares, Fees and Rates)
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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?
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PCE Inflation, the Fed’s Preferred Gauge, Remained Flat in April
The Federal Reserve has been waiting for firmer evidence that rapid price increases are behind it.
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Inflation Remains Steady, With Signs of Further Cooling
The Federal Reserve has been waiting for firmer evidence that rapid price increases are behind it.
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What’s a Fancy Name for Shrinkflation?
A term corporate leaders have lately used as a euphemism for shrinkflation.
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Why Are People So Down About the Economy? Theories Abound.
Things look strong on paper, but many Americans remain unconvinced. We asked economic officials, the woman who coined “vibecession” and Charlamagne Tha God what they think is happening.
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GDP Gain in First Quarter Revised Downward in U.S.
Consumers eased up on spending in the face of rising prices and high interest rates, Commerce Department data shows.
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Why N.Y.C. Hotel Rooms Are So Expensive Right Now
The average hotel room rate in the city is $301 a night, a record. A major reason: One of every five hotels is now a shelter, contributing to a shortage of tourist lodging.
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U.S. Sues to Break Up Ticketmaster Owner, Live Nation
Accused of violating antitrust laws, Live Nation Entertainment faces a fight that could reshape the multibillion-dollar live music industry.