Russia’s deputy prime minister said the country would reduce its oil production by about 5 percent to counter Western sanctions.
Category: Prices (Fares, Fees and Rates)
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How Multicurrency Accounts Take the Bite Out of Spending Money Abroad
The New York Times – Travel:Travelers fed up with lousy exchange rates and punitive foreign transaction fees are signing up for apps that let them decide where the buck (or euro or pound) stops.
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Big Brands Keep Raising Prices, With Limited Shopper Resistance
The New York Times – Business:Consumers continue to absorb significant price increases by PepsiCo, Unilever and others. The companies say that prices will remain high in the months to come.
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As Biden Prepares to Tout Economy, Fed Chair Powell Takes a Cautious Tone
The New York Times – Business:The White House has embraced signs that the economy is strong. For the Fed, that strength could prolong its fight against inflation.
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How Much to See a Movie at AMC? It Will Soon Depend Where You Sit.
The New York Times – Movies:By the end of 2023, the movie theater chain will offer tickets at three different price tiers, with middle seats costing the most. You’ll pay less if you like the front row.
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Strong hiring hints at more work ahead for the Fed, but wages cool.
The New York Times – Business:The Fed is tracking incoming labor figures as it decides how high interest rates need to go and how long they should stay elevated.
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U.S. employers added 517,000 jobs in January.
The New York Times – Business:The hefty hiring figures defied expectations and underscored the challenges facing the Federal Reserve, which is trying to cool the labor market in its effort to tame rapid inflation.
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U.S. employers added 517,000 jobs in January.
The New York Times – Business:The hefty hiring figures defied expectations and underscored the challenges facing the Federal Reserve, which is trying to cool the labor market in its effort to tame rapid inflation.
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Egg Shortages Are Driving Demand for Raise-at-Home Chickens
The New York Times – Business:People are snapping up chickens that are “heavy layers” in response to egg inflation. The chick situation holds lessons about the broader economy.
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Oil Giants, After Surge in Profits, Are Wary About Spending
The New York Times – Business:Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.
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Ford Follows Tesla in Cutting Electric Vehicle Prices
The New York Times – Business:The automaker reduced the price of the Mustang Mach-E by up to $5,900 after Tesla slashed prices of its cars by as much as 20 percent.
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How a Drug Company Made $114 Billion by Gaming the U.S. Patent System
The New York Times – Business:AbbVie for years delayed competition for its blockbuster drug Humira, at the expense of patients and taxpayers. The monopoly is about to end.