Tag Archives: Prices

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 4, 2022 Shopping, and driving, through the era of high costs Every now and again, we here at the Morning Brief delight in bringing our readers some good news that helps leaven a news diet filled with grim to outright depressing news. As Russia continues its brutal frontal assault on Ukraine — which continues to whipsaw markets —… Source link

Sanctions on Russia will likely have a significant impact on the global economy, a recent ING (ING) report found. “By now, we all know that Europe gets nearly 40% of its natural gas and 25% of its oil from Russia (this differs across countries), and is likely to be walloped with spikes in heating and gas bills, which are already soaring,” ING Global Head of Macro Carsten Brzeski wrote in a report released earlier this week. “Given that Ukraine and Russia have also been labelled as the global… Source link

Even before Russia’s invasion of Ukraine, U.S. gas prices were rising rapidly — and are now marching toward a national average of $4 per gallon or higher in the coming months with the crisis showing no signs of abating. As sanctions isolate Moscow and crimp Russian energy supplies, skyrocketing crude oil and gas prices will impact consumers and businesses already facing the highest inflation levels since 1982. On Thursday, Brent (CL=F) briefly flirted with $120 per barrel, with U.S. oil ( Source link

The spike in oil prices — crude rose as high as $112.51 per barrel Wednesday — won’t cause too much turmoil in emerging markets, according to one veteran investor. Because of the globe’s reduced reliance on fossil fuel generally, and oil as an energy source specifically, emerging-market economies should be able to weather the surge. “The good news regarding oil prices is that these emerging markets have lots of alternatives now,” Mark Mobius, founding partner at Mobius Capital… Source link

On one hand, they are deliciously creamy, versatile and gloriously Instagram-mable. On the other, they leave an enormous carbon footprint, which hasn’t stopped consumers from slathering them on everything in a way that’s led to a dramatic boost in consumption in recent years. Americans have a “hefty” appetite for avocados — one that’s adding to widespread food price pressures and general scarcity, according to Zhengfei Guan, an associate professor of food and resource economics at the Source link

With heavy customer demand for faster delivery, the air cargo market may face a dilemma as the threat of a Russian invasion of Ukraine fans geopolitical tensions, and puts new strains on an already stressed worldwide supply chain. An Eastern European conflict “won’t be good. Anytime you have geopolitical tension, it actually takes up a lot of demand for a lot of these air charters that exist,” Brian Bourke, chief growth officer at freight company Seko Logistics, told Yahoo Finance Live on… Source link

Food prices drove much of the inflation rise in January, according to the latest data from the Bureau of Labor Statistics. And there’s no relief is in sight for consumers struggling with sky-high food expenses, says one strategist. “Part of the problem beyond the cost of raw materials is the packaging materials; 80% is made in mainland China, ” Strategic Resource Group Managing Director Burt Flickinger said in a recent Yahoo Finance Live segment. “And that applies to salt and snacks,… Source link

Top markets for Canada real estate are in Ontario (Getty) Homebuyers are used to Canada’s real estate prices being led higher by big cities like Toronto, but few anticipated what would unfold in smaller cities and towns when COVID-19 hit. The pandemic made many rethink their living situation. Working from home while being cooped up in a small condo wasn’t working, and big-city living was expensive. So, buyers sought out more space and decided to drive until they qualify, especially in Ontario… Source link

LOS ANGELES — Los Angeles Rams fans and Super Bowl ticket buyers who live in close proximity to the surrounding area appear to be taking their sweet time. So much so that Thursday morning saw the average ticket price of Super Bowl LVI fall below the Super Bowl LV average for the first time since Sunday’s matchup was set between the Rams and Cincinnati Bengals. Thursday also featured a somewhat surprising slide in “get in” prices for the cheapest seats, hitting $3,400 all-in per seat… Source link

Starbucks (SBUX) customers are staying loyal to the Seattle-based coffee giant despite a higher cost for their cup of coffee, even as political pressure mounts in response to rising prices. In a phone interview with Yahoo Finance after Starbucks’ fiscal first-quarter earnings results, CEO Kevin Johnson said customer demand during the holiday season was “very strong” with revenue growth of 19%, coming in at a record $8.1 billion dollars for the coffee giant. Like a growing number of companies Source link