Wholesale inflation accelerated in March, delivering a blow to the narrative that price pressures are easing and dimming hopes for an interest rate cut in the near future. Inflation from the perspective of business input costs called the Producer Price Index (PPI), rose 2.1 percent in year-over-year terms in March, after a 1.6 percent reading […]
New York—Lionel Messi’s debut in his first full Major League Soccer season might not cost fans the extraordinary prices seen last year for his first-ever game with Inter Miami, but they do show that “Messi Mania” hasn’t diminished despite his rocky preseason. The average purchase price for MLS’ first game of the season between Miami […]
CEO of Johnson & Johnson, Joaquin Duato; CEO of Merck, Robert Davis; and CEO of Bristol Myers Squibb, Chris Boerner, testify to the Senate Health Committee on “The Highest Prices in the World for Prescription Drugs” at 10:00 a.m. ET on Feb. 8. Witnesses also include: Peter Maybarduk, J.D. Access to Medicines Director, Public Citizen […]
A recent survey says one in eight people in the UK have borrowed money in the last year to make ends meet and that 40 percent of people are finding it difficult to keep up with household bills. But when NTD’s Malcolm Hudson spoke to people in London, he found not everyone is in a […]
The House Ways and Means Committee Oversight Subcommittee holds a hearing on “The True Price of Federal Debt to American Taxpayers” at 10:00 a.m. ET on Dec. 6. Witness: Grant Driessen, PhD. specialist in public finance, Congressional Research Service Kent Smetters, PhD. professor of business economics and public policy, University of Pennsylvania’s Wharton School Michael […]
SAN FRANCISCO—Netflix on Wednesday disclosed summertime subscriber gains that surpassed industry analysts’ projections, signaling the video streaming service’s crackdown on password sharing is converting former freeloaders into paying customers. In an effort to bring in even more revenue, Netflix also announced it’s raising the price for its most expensive streaming service by $2 to $23 […]
WASHINGTON—An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. But measures of underlying inflation slowed in the latest sign that overall price pressures are still moderating. Friday’s report from the Commerce Department showed that prices rose 0.4 percent from July to August, up from just 0.2 […]
The citizens of France are in for a shock, as the government recently announced a 10 percent increase in regulated electricity prices by August of this year. The hike is expected to strain household budgets and push more people into dire straits.
Oil and gas prices are set to rise as the Saudis cut oil production by 1 million barrels per day, their largest cut in years. To explore what this means, NTD spoke with Bart Marcois, principal deputy assistant secretary of energy for international affairs during the Bush administration.
For months and months, the price of eggs was soaring. Now, they’re going splat. As of last week, Midwest large eggs—the benchmark for eggs sold in their shells—cost just $0.94 per dozen in the wholesale market, according to Urner Barry, an independent price reporting agency. That’s a sharp fall from $5.46 per carton just six […]
President Joe Biden’s legislative achievements are already delivering results and changing lives, the president said on Feb. 14. “If we didn’t pass another single thing, the things that are going to take place by implementing just the laws we passed last year are going to deliver real benefits to people that they’re going to feel […]
The price of eggs has soared to historic highs in the United States. With wholesale prices recently coming down, many consumers are wondering when it will translate into savings at the grocery store. Some farmers say the troubles are far from over.
DETROIT—Tesla has raised prices on its Model Y in the United States, apparently due to rising demand and changes in U.S. government rules that make more versions of the small SUV eligible for tax credits. The Austin, Texas, electric vehicle company bumped up the price of the Model Y Long Range version by about 2 […]
WASHINGTON—Wholesale prices in the United States rose 6.2 in December from a year earlier, a sixth straight slowdown and a hopeful sign that inflation pressures will continue to cool. The latest year-over-year figure was down from 7.3 percent in November and from a recent peak of 11.7 percent in March. On a monthly basis, the […]
Tesla Inc. has slashed prices globally on its electric vehicles by as much as 20 percent, extending an aggressive discounting effort and challenging rivals after missing Wall Street delivery estimates for 2022. The move marks a reversal from the automaker’s strategy over the last two years when new vehicle orders exceeded supply. It comes after […]
European Union member countries have agreed to a $60-per-barrel price cap on Russian oil in a bid to weaken the Kremlin’s ability to wage war in Ukraine, though Moscow has said the move is meaningless as it plans to keep charging buyers regular prices or cut them off. After a last-minute flurry of negotiations, the […]
The tune is oh so familiar. Not just the “and a partridge in a pear tree.” We’re talking “more than last year.” Financial services firm PNC has for 39 years compiled the consumer costs for those who would wish to make corresponding purchases for their true love replicating “The Twelve Days of Christmas.” The fun, […]
Twitter fact-checked a Sunday post by President Joe Biden over what he dubbed “the most common” gas price—a top voter issue in Tuesday’s midterm elections. “Right now, the most common price at gas stations across the country is $3.19 per gallon,” Biden said in a Nov. 6 post. “That’s progress,” the president added. Users, however, […]
