Tag Archives: Prices

With gas prices averaging nearly $4.50 per gallon, distraught drivers might feel they’re due for a break. But gas prices seem likely to go higher, and maybe break $5 on average, as Russian oil disappears from the market and producers struggle to keep up with demand. “My expectation is it’s going to get worse for consumers,” Vicki Hollub, CEO of Occidental Petroleum, said at a May 13 online forum sponsored by the Dallas Federal Reserve Bank. “Spare capacity is at a multi-decade low…. Source link

Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices still surging, it’s time to follow his lead Price levels continue to rise at a rate we haven’t seen in decades. In April, U.S. consumer prices surged 8.3% — down slightly from 8.5% in March, but still near 40-year highs. Spiking inflation has severe consequences for your cash savings. Fortunately, investing legend Warren Buffett has plenty of advice on what to own when consumer prices… Source link

Top-tier racing series Formula 1 (FWONK) is coming to Miami this weekend, bringing along plenty of glitz, glamor, and giddy prices. The Miami Grand Prix, sponsored by Crypto.com, is the first F1 race in Miami’s history and only the second in the U.S., following one in Austin earlier this year. A third U.S. race comes next year when Las Vegas joins the calendar. Miami adds another posh, tropical setting for the racing series, which already touts tracks in Singapore and Monte Carlo. But… Source link

The pharmaceutical industry has drawn strong criticism over the past decade for driving up the prices of prescription drugs. Although Big Pharma executives and supporters argue that these price hikes are necessary in order to sustain research and development (R&D), i.e. innovation to help the development of new medications, not everyone agrees with that rationalization. According to Rep. Katie Porter (D-CA), the money from increased pricing isn’t being used for the right reasons. “The facts… Source link

Indonesia, a top palm-oil exporter, is planning to ban exports beginning on Thursday. Palm oil, the world’s most used vegetable oil, is used in cooking and a range of consumer products. Palm-oil and competing soybean-oil prices are jumping after news of the ban. The world’s top palm-oil producer announced that it would ban exports of the commodity starting on Thursday, sending the prices of edible oils soaring. Indonesia accounts for about half of the world’s supply of palm oil, the world’s most… Source link

Google Fi, Google’s cell network provider, has dropped the pricing for its mobile plans by $5 to $10 per month, depending on the customer’s plan. The company decreased the price for its Simply Unlimited plan from $60 to $50 per line for one line, $45 to $40 a line for two lines, $30 to $25 a line for three lines, and from $30 to $20 per month for four lines. These plans also come with 35 GB of high-speed data, an increase from 22 GB, and include 5 GB of hotspot… Source link

Biden administration officials have been publicly and privately cajoling energy executives to increase production and help lower gasoline prices, which are well above $4 per gallon. Asking won’t work, however. Even if they ask nicely. Oil and natural gas producers base drilling decisions on economic factors and profitability estimates, not on requests from politicians. If President Biden wanted to, his administration could adjust federal policy in ways that would make fossil fuel… Source link

Google Maps is getting an update that will add toll road prices and more map details like stop lights and stop signs, Google announced on Tuesday. The company is also adding iOS improvements, including a new pinned trip widget and the option to get directions on Google Maps directly from your Apple Watch. The company says it’s adding toll prices on Google Maps for the first time to make it easier for users to make the choice between taking toll roads or regular… Source link

President Biden signing off on an oil release from the Strategic Petroleum Reserve (SPR) to cool elevated prices may have some effect, but not a ton, warns Goldman Sachs. “Conceptually, such a release would help the oil market rebalancing in 2022, increasing supply by 1 millions barrels per day for six months, for example. This would reduce the amount of necessary price-induced demand destruction, the sole oil rebalancing mechanism currently available in a world devoid of inventory buffers… Source link

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 Tuesday, March 22, 2022 Home prices are soaring and later this morning we will find out by how much, when the latest S&P CoreLogic Case-Shiller national home price index is released. On top of exorbitant home prices, mortgage rates are on the rise — the 30-year fixed mortgage (most common among homebuyers) topped 4% earlier this month for the… Source link