Category: Prices (Fares, Fees and Rates)

Food Prices Soar, and So Do Companies’ Profits

The New York Times – Business:
Some companies and restaurants have continued to raise prices on consumers even after their own inflation-related costs have been covered.
Biden Accuses Oil Companies of ‘War Profiteering’ and Threatens Windfall Tax

The New York Times – Business:
The president has been eager to redirect public anger over gas prices as Democrats try to keep power in Congress in the midterm elections.
US Extends Enforcement of Sanctions on Russian Oil Deliveries to January

The New York Times – Business:
No decision has been made on the price of the oil cap, which will take effect in five weeks.
Eurozone Inflation Reaches 10.7 Percent as Economies Slow Down

The New York Times – Business:
The rise in consumer prices hit another record in October, with more than half of the countries that use the euro registering double-digit increases.
Jerome Powell Is Popular. His War on Inflation Could Change That.

The New York Times – Business:
Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week.
Exxon and Chevron Rack Up Giant Profits

The New York Times – Business:
Exxon Mobil and Chevron reported another round of strong profits. But they face political fire over gasoline prices, even as they fear a new downturn.
Bad News for the Fed As Inflation and Wages Continue to Climb Rapidly

The New York Times – Business:
The Federal Reserve’s preferred inflation measure showed that price gains remained fast in September, and a gauge of wages it watches closely is climbing quickly.
Exxon and Chevron Rack Up Giant Profits

The New York Times – Business:
A fourth straight quarter of robust results came on the back of high oil and natural gas prices.
Ford Lost Money in the Third Quarter as Costs Surged

The New York Times – Business:
The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.
GM Reports Increased Profits in Third Quarter Amid High Inflation

The New York Times – Business:
General Motors sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
Coca-Cola Earnings Report Shows Company Raising Prices, Pushing Profits Higher

The New York Times – Business:
The soft drink giant’s latest quarterly earnings defied worries about consumer cutbacks amid rising inflation and fragile economic growth.
G.M. Reports Jump in Profit on Strong Sales

The New York Times – Business:
The automaker sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.