While the pace of growth slowed, spending stayed strong because of robust job growth and strong wage gains.
Category: Prices (Fares, Fees and Rates)
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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.
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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.