Category: Prices (Fares, Fees and Rates)

Saudi Arabia Says It Will Cut Production to Stem a Slide in Oil Prices

OPEC Plus, the group of major oil producers, said it would continue its recent cuts in output, but Saudi Arabia said it would cut further for at least a month.
OPEC Plus May Consider Cuts in Oil Production

The group of major oil producers and Russia will meet this weekend to discuss a swoon in oil prices.
Companies Push Prices Higher, Protecting Profits but Adding to Inflation

Corporate profits have been bolstered by higher prices even as some of the costs of doing business have fallen in recent months.
Why Are Food Prices So High in Europe? Sugar, Cheese and Bread Costs Soar

Agricultural and energy costs are falling, but basic items remain stubbornly expensive for consumers.
401(k) Hardship Withdrawals Tick Up as Inflation Stays High

Retirement plan administrators are noting an uptick in hardship withdrawals. But taking that money out can harm your future financial security.
Consumer Spending Rose More Than Expected in April

New data on spending and income suggest that the economy remains robust despite the Federal Reserve’s interest rate increases.
Gasoline Prices, a Source of Pain Last Year, Have Come Way Down

Reasons include a stronger supply of oil and weaker-than-expected demand, energy experts say. Some people are saving hundreds of dollars on fuel.
Airfares: As Costs Rise, Flexibility Is Key

International ticket prices, especially, will be high, but not getting locked into dates or destinations can keep costs down. And consider “skiplagging.”
Fed Officials Were Split Over June Rate Pause, Minutes Show

In the Federal Reserve’s last meeting, “several” participants thought rates may have moved high enough to get inflation under control.
More Americans Say Finances Are Tighter Because of Inflation

A new Federal Reserve survey finds that the strong job market hasn’t been enough to offset the rising cost of living for many families.
Minnesota Passes Bill Seeking to Ensure Minimum Wage for Gig Workers

Lyft and Uber have opposed the legislation, with Uber threatening to leave the state if it is enacted.
Inflation Persists and Car Prices Are a Big Reason

Prices of new and used vehicles were supposed to recede quickly as supply chain problems dissipated. The market had other ideas.