The Personal Consumption Expenditures index moderated, even as consumer spending data looked strong.
Category: Prices (Fares, Fees and Rates)
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Exxon Reports Leaner Earnings in Second Quarter
The company’s record profit a year earlier was driven by a surge in oil prices after Russia’s invasion of Ukraine.
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Fed Raises Rates After a Pause and Leaves Door Open to More
Federal Reserve officials lifted borrowing costs by a quarter-point after pausing in June. They could rise more, but the central bank is not ready to commit.
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Companies Keep Raising Food Prices, Affecting Fed’s Efforts to Tame Inflation
Coca-Cola, PepsiCo and Unilever have each reported raising prices significantly in the second quarter, complicating the Federal Reserve’s efforts to tame inflation.
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Drugmakers Throw ‘Kitchen Sink’ to Halt Medicare Price Negotiations
The government will soon announce the first 10 medications that will be subject to price negotiations with Medicare under a new law. Drugmakers are fighting the measure in court.
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AMC Theater Chain to Stop Charging for Better Seats
The contentious initiative will be abandoned next month, though the company will roll out a new one involving lounge-style seating in the front rows.
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Airlines Are Thriving as People Keep Traveling
Three large U.S. airlines have reported strong quarterly sales and profits in recent days because of strong demand, high fares and relatively low fuel prices.
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Tripped Up: What to Do If Your Travel or Tour Company Goes Bankrupt
A family’s dream of seeing a rare warbler was dashed when Bird Watcher’s Digest collapsed. What happens when a tour operator goes under?
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Tesla’s Profit Rose in the Second Quarter After Big Price Cuts
Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.
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Ford Slashes Price of Electric F-150 Lightning as Demand Weakens
Sales of electric vehicles have slowed recently partly because prices of some models like the F-150 Lightning had risen a lot.
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Ford Slashes Price of Electric F-150 as Demand Weakens
Sales of electric vehicles have slowed recently partly because prices of some models like the F-150 Lightning had risen a lot.
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Wheat prices jump after Russia pulls out of the Black Sea grain deal.
Wheat futures rose more than 4 percent, raising fears of an increase in global food inflation.