The British economy has showed signs of slowing down, with inflation dropping below 5 percent in October, but the bank gave no sign of a rate cut anytime soon.
Category: Prices (Fares, Fees and Rates)
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Is Jerome Powell’s Fed Pulling Off a Soft Landing?
It’s too soon to declare victory, but the economic outlook seems sunnier than it did a year ago, and many economists are predicting a surprising win.
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Stocks Rally and Bond Yields Slide as Fed Signals Rate Cuts in 2024
The Fed’s rate increases since March 2022 have sent shock waves through financial markets, raising borrowing costs on everything from mortgages to government debt and weighing on the stock market.
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Ford Will Cut Planned Electric F-150 Production as Demand Slows
Ford and other automaker have had to readjust their electric vehicle production plans because sales have been weaker than they had expected.
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Inflation Holds Roughly Steady Ahead of Fed Meeting
Consumer prices rose 3.1 percent in the year through November, and a closely watched core index was roughly the same rate as the previous month.
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Gas Prices Are Falling, Hitting Lowest Level in Almost a Year
The decline in gas prices has come as consumer sentiment has rebounded.
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Occidental Is Latest Oil Company to Buy a Smaller Producer
The oil company said it would buy CrownRock, a smaller producer, for $12 billion just weeks after Exxon Mobil and Chevron announced acquisitions.
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The Louvre Is Raising Ticket Prices Ahead of the Summer Olympics in Paris
The increase, going into effect in January, comes amid broader concerns about rising costs for lodging and transportation ahead of the Summer Olympics in Paris.
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Corporate America Is Testing the Limits of Its Pricing Power
Firms may struggle to keep profits up if demand slows, but so far they are finding ways to keep margins wide.
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Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
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Senate Introduces Long-Awaited Bill Promising Changes for Ticket Buying
The Fans First Act would require disclosures about fees and the location of tickets, strengthen a law banning bots and set stiff penalties for violations.
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Tips for Avoiding Surprise Bills From Electronic Toll Roads
Cashless tolls have reduced traffic jams, but they can also lead to hefty bills for out-of-state drivers. One piece of advice: Promptly pay the bill you get in the mail.