Category: Prices (Fares, Fees and Rates)

Highest Mortgage Rates in 3 Years Chills the Housing Market

The New York Times – Business:
The average 30-year fixed-rate mortgage rose to 7.4 percent, putting more pressure on Americans struggling to afford to buy a home.
How the Trump Administration Is Eroding Airline Passengers’ Rights

The New York Times – Travel:
Under Sean Duffy, the Transportation Department has worked to roll back consumer protections. Passenger advocates say the changes favor airlines.
Airfares Have Spiked. Is the Death of Spirit Airlines to Blame?

The New York Times – Travel:
In the wake of the ultra-low-cost carrier’s closure, and with the cost of fuel and labor rising, domestic fares have become less competitive. But there are ways to parry higher prices.
S&P 500 Hits Record High Amid Rising Interest Rates and Elevated Oil Prices

The New York Times – Business:
The S&P 500 rose 0.6 percent on Tuesday, exceeding its previous peak set in August and taking its gain this year to more than 14 percent.
The Hidden Policies That Power China’s Export Boom

The New York Times – Business:
Huge tax breaks and a weak currency sustain exports, widen the government budget deficit and complicate the country’s efforts to rebalance its economy.
Trump Allows Cheaper, Dyed Diesel to Be Used in Nonfarm Vehicles

The New York Times – Business:
In Nebraska, President Trump announced an executive order to waive an off-road requirement for the fuel, which is exempt from the federal highway tax.
Texas Pediatricians Face Paxton Investigations for Vaccinating Children

The New York Times – Business:
Ken Paxton, the Texas attorney general and Republican Senate candidate, has alleged a sprawling profit-driven conspiracy. Pediatricians say the accusations are an attempt at intimidation.
US Solar Panel Makers Try to Catch China With a Big Leap in Technology

The New York Times – Business:
Manufacturers say they are close to perfecting a new, more efficient solar panel that could help the United States reclaim ground it lost.
To Make More Money, Rolls-Royce Is Aiming Higher on Price, Not Production

The New York Times – Business:
The luxury carmaker is expanding its factory in Britain to focus on rarefied custom cars. First up is a $3.5 million-plus electric roadster.
Trump Says Economy Has ‘Public Relations’ Problem Amid High Prices and Slow Hiring

The New York Times – Business:
The president, who had hoped to tout a growing economy on the campaign trail, has found it hard to break through as workers’ wages fail to keep up.
Weight Loss Drugs Give Restaurants a New Hurdle: Diners Who Eat Less

The New York Times – Business:
Fewer orders and higher costs are squeezing restaurants big and small as people on the weight-loss drugs eat and drink less when dining out.
Soft Jobs Report Boosts Market Bets Fed Will Skip October Rate Increase

The New York Times – Business:
The odds of an interest rate change at the Federal Reserve’s meeting in late October have dropped following a softer jobs report and strong signaling from bank officials.