Tag Archives: Prices

Consumer prices rise more than forecast as inflation pressures persist

Consumer prices rise more than forecast as inflation pressures persist

Inflation pressures remained persistent in February as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.2% over the prior year in February, slightly higher than January’s 0.3% month-over-month increase and 3.1% annual gain. Both measures roughly matched economist forecasts of a 0.4% month-over-month increase and a 3.1% annual increase, according to… Source link

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Russian Antimonopoly Service reveals violations of Yandex.Taxi related with overrated prices

Russian Antimonopoly Service reveals violations of Yandex.Taxi related with overrated prices

Russian Antimonopoly Service reveals violations of Yandex.Taxi related with overrated prices AKIPRESS.COM – The Russian Federal Antimonopoly Service (FAS) has revealed violations by Yandex.Taxi, which are associated with overrated prices for trips, as well as blocking of drivers and passengers. In 2023, the company received more than 300 complaints from passengers and drivers, Federal Antimonopoly Service Deputy Chairman Pyotr Ivanov said in an interview with… Source link

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Tesla, BlackRock, gold prices: Trending tickers

Tesla, BlackRock, gold prices: Trending tickers

Tesla (TSLA) shares closed lower following a Reuters report that the company is shutting down most production at its Berlin factory due disruptions in the Red Sea. BlackRock (BLK) is buying Global Infrastructure Partners in a $12.5 billion deal. It comes on the same day the asset management firm reported fourth quarter earnings that topped Wall Street estimates. the firm now as $10 trillion in assets under management. Gold (GC=F) prices rose thanks to investors seeking safety as tensions in… Source link

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Tesla CEO Elon Musk would ‘be silly’ to slash prices again, analyst says

Tesla CEO Elon Musk would ‘be silly’ to slash prices again, analyst says

Investors are hoping Tesla’s (TSLA) price-cutting ways have run their course for 2023. “Based on the statement that [Elon Musk] made on the fourth quarter earnings call, saying that his demand is 2x his supply, you’d be silly to cut price,” BofA analyst John Murphy on Yahoo Finance Live (video above). “You would just be eating into your profitability and not achieving any more incremental volume in the near term.” Earlier this month, Tesla cut the Model 3 base version by $3,000 to $43,990. The… Source link

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Vital Farms raised egg prices ‘reluctantly and in small amounts’: CEO

Vital Farms raised egg prices ‘reluctantly and in small amounts’: CEO

Vital Farms (VITL) CEO Russell Diez-Canseco says the recent spike in egg prices, up more nearly 60% year-over-year, is “a head scratcher.” “Over the course of 2022, we certainly saw inflationary impacts to our key inputs like the grains we feed our girls [hens] and the diesel fuel that the truckers use to fuel their trucks as they deliver the eggs to the grocery stores,” Diez-Canseco told Yahoo Finance. “Our approach to price increases has been to take them reluctantly in small amounts.” A… Source link

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