Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect for interest rates this year.
Category: Prices (Fares, Fees and Rates)
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Rohit Chopra of CFPB Expected Trump to Fire Him Right Away, but He’s Hanging On
Mr. Chopra, long a target of criticism by Republican lawmakers and banks, has not yet been forced out. “I swore an oath to a five-year term,” he said this week.
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Frontier Airlines Offers to Buy Spirit Airlines, Again
Spirit, which filed for bankruptcy protection in November, called off a deal with Frontier in 2022 after receiving a higher bid from JetBlue that was ultimately thwarted by a federal judge.
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Typhoon Yagi Scrambles Vietnam’s Lunar New Year Tradition
A typhoon and extreme heat dramatically affected prices for the kumquat trees that are ubiquitous during the holiday.
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Chevron Wants to Tap Into A.I. Boom by Selling Electricity to Data Centers
The oil company plans to build natural gas power plants that will be directly connected to data centers used by technology companies for artificial intelligence and other services.
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G.M. Has Plans Ready for Trump’s Canada and Mexico Tariffs
General Motors, the largest producer of cars in Mexico, won’t provide details on how it would react if President Trump imposes 25 percent tariffs from the two countries.
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Oil Companies Embrace Trump, but Not ‘Drill, Baby, Drill’
Oil and gas executives welcomed President Trump’s early moves on energy policy, but many said they did not plan to increase production unless prices rose significantly.
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Trump’s Colombia Tariff Threat Startled Companies Trying to Rely Less on China
By declaring he’d put tariffs on goods from the South American country, the president imperiled a growing influx of foreign investment there.
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In China, Government Data on Drugs Blocked From Public After Backlash
Criticism over how the Chinese government buys drugs for its public health care system has ignited frustration over the quality of medicine.
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E.V. Owners Don’t Pay Gas Taxes. So, Many States Are Charging Them Fees.
States are using higher registration fees for electric cars to make up for declining fuel taxes, but some are punitive, environmentalists say. A federal tax could be coming.
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In China, Rare Dissent Over a Program to Save on Drug Costs
Top doctors raised concerns about domestically made drugs, saying Beijing’s effort to lower costs is sacrificing quality.
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Egg Prices Are High. They Will Likely Go Higher.
Avian influenza has led to a shortage of eggs and wholesale prices that are through the roof. Consumers can expect to feel the pain for a while.