A key inflation measure has been slowing and overall prices actually declined slightly from October, good news for officials and consumers.
Category: Prices (Fares, Fees and Rates)
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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.
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Airbnb to Pay About $20 Million After Charging Australians in U.S. Dollars
Airbnb admitted in Australian court that it had made “false or misleading representations,” charging customers in U.S. currency instead of Australian dollars.
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Americans May Be Taking on Too Much Pay Later ‘Phantom Debt’
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
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U.K. Inflation Unexpectedly Cools to 3.9 Percent, Lowest in 2 Years
Price growth slowed as fuel costs declined and food inflation continued to ease.
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West Hollywood Minimum Wage, Highest in U.S., Irks Merchants
In July, West Hollywood raised its minimum wage to $19.08 an hour, causing angst among those who own businesses.
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Behind the Shortage Keeping Cancer Patients From Chemo
Key drugs have been in scarce supply, revealing a deep crisis in the generic drug industry.
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Possible Ways to Ease Drug Shortages
Lawmakers, U.S. officials and industry experts have offered measures to try to shore up the generic drug market.
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It Took 10 Years to Grow This Christmas Tree. The Price? $105
Amid wild cost fluctuations and extreme weather conditions, a small army of workers toiled for years at Wyckoff’s Christmas Tree Farm in Belvidere, N.J. The goal? Producing this year’s crop, including this seven-foot Norway Spruce, which is sold for $105.
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Fewer Electric Vehicles Will Qualify for U.S. Tax Credits in 2024
Purchases of popular models like the Tesla Model 3 and the Ford Mustang Mach-E may no longer entitle buyers to tax savings because the cars do not meet tougher sourcing requirements.