Tag: Prices (Fares, Fees and Rates)

Sutter Health’s Request to Delay $575 Million Settlement Is Denied

Despite citing the surge in coronavirus cases and economic fallout from the pandemic in California, Sutter Health failed to persuade a state judge on Thursday to delay the $575 million settlement it reached last December over accusations of price gouging and monopolistic practices. Sutter, which has already received hundreds of millions of dollars in federal […]

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A Fair Wage and Ownership for Immigrants

Maria Carmen Tapia has learned a host of new skills in the last few months. The 42-year-old housekeeper and all her colleagues at the housekeeping app Up & Go were trained by Occupational Safety and Health Administration-authorized trainers, learning to put on protective gear correctly and establish safety protocols to keep themselves and their clients […]

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Will We Be Hostages to Drug Makers’ Covid Vaccine Pricing?

Yes, of course, Americans’ health is priceless, and reining in a deadly virus that has trashed the economy would be invaluable. But a Covid-19 vaccine will have an actual price tag. And given the prevailing business-centric model of American drug pricing, it could well be budget breaking, perhaps making it unavailable to many. The last […]

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Our Cash-Free Future Is Getting Closer

PARIS — On a typical Sunday, patrons at Julien Cornu’s cheese shop used to load up on Camembert and chèvre for the week, with about half the customers digging into their pockets for euro notes and coins. But in the era of the coronavirus, cash is no longer à la mode at La Fromagerie, as […]

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Immigration Officers Face Furloughs as Visa Applications Plunge

WASHINGTON — Three years of restrictive and sometimes draconian immigration policies have left families separated, applicants for visas stranded and would-be immigrants looking for alternative destinations. Now a new group is facing uncertainty, driven in part by the coronavirus pandemic and President Trump’s immigration policies: thousands of employees of United States Citizenship and Immigration Services. […]

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Two Friends in Texas Were Tested for Coronavirus. One Bill Was $199. The Other? $6,408.

ImageAs a precaution before a camping trip, Jimmy Harvey and Pam LeBlanc were tested for coronavirus at the same place in Austin. Their financial experiences, though, were very different.Credit…Mary Inhea Kang for The New York Times Before a camping and kayaking trip along the Texas Coast, Pam LeBlanc and Jimmy Harvey decided to get coronavirus […]

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Most Coronavirus Tests Cost About $100. Why Did One Cost $2,315?

ImageGibson Diagnostic Labs in Irving, Texas, has charged remarkably high prices for coronavirus testing.Credit…Dylan Hollingsworth for The New York Times In a one-story brick building in suburban Dallas, between a dentist office and a family medicine clinic, is a medical laboratory that has run some of the most expensive coronavirus tests in America. Insurers have […]

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BP Prepares for a Future That Needs Less Oil

BP sent a signal to investors on Monday that the economic shock of the pandemic would reverberate for years, and less gas and oil would probably be needed in the future. The London-based oil giant told shareholders the company expected to write down as much as $17.5 billion of its oil and gas holdings in […]

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As Energy Prices Tumble, Developing Countries Trim Subsidies

The coronavirus pandemic has sent economies into recession and reduced government revenue, so some countries are taking a politically perilous path: removing restraints on electricity and petroleum prices. Nigeria and Tunisia have lowered fuel subsidies in recent weeks, and India has raised taxes on gasoline and diesel fuel. Sudanese officials plan to replace some subsidies […]

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As Diners Flock to Delivery Apps, Restaurants Fear for Their Future

Before the coronavirus lockdowns, Matt Majesky didn’t take much notice of the fees that Grubhub and Uber Eats charged him every time they processed an order for his restaurant, Pierogi Mountain. But once the lockdowns began, the apps became essentially the only source of business for the barroom restaurant he ran with a partner, Charlie […]

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OPEC and Russia Agree to Extend Oil Production Cuts

Many of the world’s major oil producers agreed on Saturday to extend the record oil production cuts that have helped bolster oil prices since their collapse in April in the depths of the coronavirus pandemic. Oil ministers from the Organization of the Petroleum Exporting Countries, as well as other producers led by Russia, met by […]

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Pilgrim’s Pride Chief Executive Is Accused of Price Fixing

The chief executive of one of the country’s largest chicken producers was indicted on a price-fixing charge on Wednesday along with three other current and former executives at companies that supply chicken to groceries and restaurants across the United States. The indictment, by a federal grand jury in United States District Court in Denver, alleges […]

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Coronavirus Turns a Spanish Sea Delicacy Back Into Daily Fare

LLANÇÀ, Spain — With an intensity of flavor to match their color, the big, bright-red prawns caught off Spain’s eastern coast are the kind of delicacy that someone might eat once or twice in a year and remember fondly for the rest of it. Around Christmas, when they are often a highlight of restaurants’ holiday […]

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Pandemic Forces Car Dealers to Do the Unthinkable: Sell Online

After more than a decade of getting around New York City almost exclusively by subway and bus, Nicole Avallone decided to buy a car in April after watching the rapid spread of the coronavirus. But with dealerships closed in the New York area, Ms. Avallone did something few car buyers are able or willing to […]

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HBO Max Wants to ‘Crush’ Netflix. Is It Too Late?

HBO has been an innovator for much of its nearly 50-year run. Now, with the unveiling of HBO Max, it’s playing catch-up. In the 1970s, when people still referred to it as Home Box Office, HBO was a pioneer in bringing recent movies to the American living room in all their uncut glory. Another innovation […]

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Rock-Bottom Interest Rates May Be Here to Stay

Federal Reserve officials were running a huge experiment with America’s job market before coronavirus lockdowns gripped the American economy, one that could inform how officials think about unemployment — and the path for interest rates — in the pandemic’s aftermath. The Fed came into 2020 planning to allow unemployment to sit at 50-year lows without […]

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Natural Gas Exports Slow as Pandemic Reduces Global Demand

HOUSTON — A few months ago, Israel and some Arab countries were laying the groundwork for an energy partnership that held the potential for economic cooperation between once-hostile neighbors. Israel started selling natural gas to Egypt, which in turn was reviving two gas export terminals, attracting badly needed foreign investment and opening a path for […]

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The Grapelord of Napa Faces a Threat Worse Than Plague

One balmy winter afternoon, Andy Beckstoffer, a grape grower who has done more than nearly anyone to shape the premium U.S. wine industry, was sitting in Mustard’s, a restaurant in Napa Valley that is a kind of clubhouse for the vintner class. Although Beckstoffer Vineyards, the largest private grower in California, had recently set a […]

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Deep Recession Is Projected for Europe, as Markets Slip: Live Updates

Here’s what you need to know: ImageA couple walking down a deserted street in Rome on Tuesday.Credit…Nadia Shira Cohen for The New York Times Latest projection: A deep recession and ballooning unemployment in Europe. The European Union’s economy is set to shrink by 7.4 percent this year, investment is expected to collapse and unemployment rates, […]

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The Oil Industry’s Glut Has a Bright Spot: Tanker Storage

The price of oil has plunged, but the price of finding a place to put it has soared. And if you are in the business of providing a temporary home for the world’s glut of crude, you’ve hit the jackpot. More and more massive tankers at sea are being used simply to hold the oil […]

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Company Questions Deal by ‘Shark Tank’ Star to Sell N95 Masks to Florida

Florida officials, desperate to find N95 masks to protect health care workers from the coronavirus, arranged a deal last month from an unusual source: Daymond John, a star of the reality show “Shark Tank” and a founder of the street wear company Fubu. The deal has since been scrapped. But the company that makes the […]

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‘I’m Just Living a Nightmare’: Oil Industry Braces for Devastation

HOUSTON — Workers at Marathon Petroleum’s refinery in Gallup, N.M., are turning off the valves. Oil companies in West Texas are paying early termination fees to contract employees rather than drill new wells. And in Montana, producers are shutting down wells and slashing salaries and benefits. Just a few months ago, the American oil industry […]

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What Negative Oil Prices Mean and How the Impact Could Last

A main benchmark for the price of oil fell negative for the first time ever this week. The decline —  more than 300 percent in daily trading — raised fresh questions about the damage the coronavirus is having on the global economy. What does it mean for oil prices to be negative? A benchmark price for […]

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What the Negative Price of Oil Is Telling Us

ImageOil pipelines running to storage tanks in Cushing, Okla.Credit…Nick Oxford/Reuters The coronavirus pandemic has caused a series of mind-bending distortions across world financial markets, but Monday featured the most bizarre one yet: The benchmark price for crude oil in the United States fell to negative $37.63. That means that if you happened to be in […]

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Too Much Oil: How a Barrel Came to Be Worth Less Than Nothing

Something bizarre happened in the oil markets on Monday: Prices fell so much that some traders paid buyers to take oil off their hands. The price of the main U.S. oil benchmark fell more than $50 a barrel to end the day about $30 below zero. This is the first time oil prices have turned […]

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During Coronavirus, the M.T.A Subway Faces Its Worst Financial Crisis

The New York City subway system rebounded from the 1970s, when the city teetered on the edge of bankruptcy, crumbling cars routinely broke down and rampant crime scared riders away. It survived the Sept. 11, 2001, terror attacks and Hurricane Sandy in 2012, which led to years of costly rebuilding and service disruptions. And it […]

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A Cheaper Roof Over Your Head During the Pandemic?

We take for granted that homes are either owned or rented, but that could soon change, and pandemic-driven economic pain could accelerate the process. Before the pandemic, homeownership was already slipping out of reach for many in America’s expensive coastal cities. Hybrid arrangements have been emerging that occupy a middle ground between owning and renting […]

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Coronavirus and Booking Travel: Considering the Risk

Travel and travel planning are being disrupted by the worldwide spread of the coronavirus. For the latest updates, read The New York Times’s Covid-19 coverage here. On March 12, the day after the World Health Organization declared the coronavirus a pandemic, Sery Kim, a lawyer in Coppell, Texas, noticed that the number of American Airlines […]

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The Coronavirus Has Laid Bare the Inequality of America’s Health Care

In March, Congress passed a coronavirus bill including $3.1 billion to develop and produce drugs and vaccines. The bipartisan consensus was unusual. Less unusual was the successful lobbying by pharmaceutical companies to weaken or kill provisions that addressed affordability — measures that could be used to control prices or invalidate patents for any new drugs. […]

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