Tag Archives: Prices

Could he be any more blatant? Just days before the midterm elections on Nov. 8, President Biden has called for a baldly political windfall tax on “excess” profits of oil and gas companies. There’s no chance it will happen, which Biden knows. Only Congress can impose new taxes, and Congress isn’t in session right now. When it was in session earlier this year, Democrats who control both houses kicked around the idea of an oil-company windfall tax, and it got nowhere. Biden says he’ll… Source link

McDonald’s (MCD) customers in the U.S. are still lovin’ the fast food chain, even with higher prices. In the third quarter, U.S. sales at the Golden Arches increased by 6.1% as more customers made their way back inside restaurants while delivery sales saw a record-high quarter and drive-through sales returned to pre-COVID levels. This positive momentum came despite menu prices increasing by 10% year-over-year. “McDonald’s in the U.S. had positive traffic — not many restaurants today have… Source link

Apple (AAPL) is raising its prices, and one analyst says it shouldn’t come as a surprise. “It’s not surprising,” Dan Morgan, senior portfolio manager at Synovus Trust, told Yahoo Finance Live (video above). “It’s a very competitive environment, and [Apple] is trying to offset some of the things that are happening with some of the competitors.” Morgan cited the current inflationary environment along with upcoming ad-supported tiers from Netflix (NFLX) and Disney (DIS) as reasons for Apple’s… Source link

Apple (AAPL) is joining its streaming competitors in hiking prices. On Monday, the tech giant announced price increases across its various services including Apple TV+, Apple Music, and the Apple One Bundle. This is the first time Apple has raised the subscription prices of those offerings in the U.S., and international markets will see similar price increases. In a statement to Yahoo Finance, an Apple spokesperson confirmed the price hikes, stating: “The subscription prices for Apple Music,… Source link

Apple (AAPL) is joining its streaming competitors in hiking prices. On Monday, the tech giant announced price increases across its various services including Apple TV+, Apple Music, and the Apple One Bundle. This is the first time Apple has raised the subscription prices of those offerings in the U.S., and international markets will see similar price increases. In a statement to Yahoo Finance, an Apple spokesperson confirmed the price hikes, stating: “The subscription prices for Apple Music,… Source link

Yandex.Taxi under investigation in Kazakhstan for establishing high prices AKIPRESS.COM – The Agency for the Protection and Development of Competition in Almaty is conducting an investigation in competition protection against Yandex Taxi.Corp LLP for establishing a monopoly high price. Such information was posted on the agency’s website on September 20. The establishment of a monopoly high price is prohibited by subparagraph 1 of Article 174 of the Entrepreneurial Code of… Source link

For the second time in two months, Ford (F) has hiked the price of its electric F-150 Lightning pickup. Although this time it’s just for the base Pro model, the price hike of around 11% sends the base model to $51,974, from $46,974 before any federal or state tax credits. In a statement, Ford said it was “adjusting the MSRP on the 2023 F-150 Lightning Pro due to ongoing supply chain constraints, rising material costs and other market factors.” Ford added that current retail order holders… Source link

Gas prices in California are heading painfully higher once again, sending the national average up for the second straight week to over $3.80 per gallon. The average price for a gallon of gas in California was $6.41 on Tuesday, according to AAA, roughly $0.03 short of the record set in June. In Los Angeles County, the average price for a gallon of gas was $6.46 compared to the national average of $3.81. “That’s very much a disproportionate increase,” GasBuddy Head of Petroleum Analysis… Source link

The butter board craze is spreading across the internet, but rising butter costs could soon put an end to the trend. In August, the average price of a stick of butter (453.6 gm) cost nearly $4.70, up from $3.63 a year ago. It’s the highest price since the Bureau of Labor Statistics (BLS) began documenting average price data for butter in 2018. In the past year alone, the price of fats and oils increased 29.3%, with margarine up 38.3% and butter up by 24.6%. Still, consumers are eating up the… Source link

America’s mood is improving, as gas prices decline. Pump prices have fallen by $1.30 per gallon since June, to a somewhat manageable national average of $3.70. Consumer confidence fell during the first half of the year, as gas prices were soaring, but confidence has improved since July. There’s no better indication that inflation is on the run! Except, it’s not. Economists and investors thought the latest inflation report, released on Sept. 13, would show a definitive decline in the… Source link