Tag Archives: costs

It’s a deal set that is set to use hundreds of billion dollars over the coming decade to reshape the fight against climate change, how Obamacare works, the price of prescription drugs, and the U.S. tax code’s treatment of big corporations. Sens. Chuck Schumer (D-NY) and Joe Manchin (D-WV) surprised the world on July 27 when they released their sweeping bill known as the Inflation Reduction Act (IRA). Then on August 4, Sen. Kyrsten Sinema (D-AZ) propelled the deal closer to the finish line… Source link

It’s a deal set to raise over $800 billion in the coming decade for everything from fighting climate change to extending Obamacare. And it’s projected to bring down the deficit to boot. Sens. Chuck Schumer (D-NY) and Joe Manchin (D-WV) surprised the world on July 27 when they released a sweeping, 725-page bill known as the Inflation Reduction Act (IRA) — instantly resuscitating a key Democratic agenda item aimed at bringing down costs for the middle class. The compromise comes after… Source link

Former Raiders and MLB star Bo Jackson revealed this week that he had donated to help cover funeral costs for the victims of the mass shooting at Robb Elementary School in Uvalde, Texas, earlier this year. Jackson, who doesn’t have a real connection to the city other than having driven through it in the past while on hunting trips, said he just felt compelled to help after 19 students and two teachers were killed in May. “I don’t know if it’s because I’m getting old. It’s just not… Source link

BlackRock (BLK), the world’s largest asset manager, is set to expand its health care plan to cover travel expenses for U.S. employees seeking abortion services, per an internal memo obtained exclusively by Yahoo Finance. The company joins a growing docket of firms on Wall Street making similar commitments following Friday’s Supreme Court decision to overturn Roe v. Wade. “Through company-sponsored health insurance, we have long provided reproductive health care services, including coverage… Source link

Child care is getting more expensive, putting even more financial pressure on American families at a time when they’re already paying more for groceries and gas. According to a recent survey from Care.com, nearly two-thirds of parents say child care costs have gone up in the past year. As a result, 59% are more concerned about how much they will spend on child care this year compared to previous years. “It’s eating up wallet share and doesn’t leave money for other goods,” Care.com CEO… Source link

Energy prices saw the biggest one year jump since 2005 last month amid a hotter than expected inflation print. The energy index rose 3.9% last month according to the Bureau of Labor Statistics’ Consumer Price Index (CPI) published Friday after a 2.7% decline in April. Gasoline, fuel oil and natural gas prices all increased in May. Gasoline prices rose 4.1% month-over-month, fuel oil spiked 16.9% from the prior month, and natural gas also rose 8% during the same span. The energy index rose 34.6%… Source link

Mariah Carey and Nick Cannon married in 2008.Denise Truscello/WireImage/Getty Images He said during their marriage, he learned just how expensive it was to be Carey. Cannon attributed the costs to “everything from security to hair and makeup to jets.” Nick Cannon discussed how his marriage to his ex-wife, Mariah Carey, impacted his work ethic on “The Joe Budden Podcast,” noting that the singer wouldn’t leave the house for a gig unless there was a hefty price tag attached. “Mariah don’t step out… Source link

As oil prices continue to spike, the White House and the oil industry have been engaged in tit-for-tat all week about whether more can be done to ramp up domestic energy supplies. The industry and many of its largely Republican allies in Washington have criticized the White House over what they say are onerous regulations, a slow permitting process, and President Biden’s revocation of the Keystone XL pipeline permit. In response, the White House said that the pipeline would still be under… Source link

A massive shortage of truckers continues to be a bottleneck for supply chains across North America, serving as a significant factor in the American inflation story and leading to skyrocketing trucking costs. According to a recent Bank of America Global Research (BAC) report, the crunch seen in the trucking industry is showing no signs of abating. “One shipper’s rates [are up] +33% [year-over-year], no relief in sight; sees labor shortages & expect pricing to stay elevated,” BofA’s… Source link

(Bloomberg) — Ford Motor Co. shares tumbled the most in almost two years after the automaker missed estimates for quarterly earnings and cautioned it may get off to a slow start to the year due to supply chain issues. Most Read from Bloomberg The carmaker posted earnings of 26 cents a share excluding some items for the last three months of 2021, trailing the 45-cent average analyst estimate. Shortages of critical components including semiconductors disrupted production and will weigh on… Source link