Tag: Prices (Fares, Fees and Rates)

Nikola, E.V. Start-Up That Once Thrilled Investors, Files for Bankruptcy

Nikola, an electric vehicle start-up that had once hoped to become the Tesla of heavy trucks, filed for bankruptcy protection on Wednesday. Founded in 2015, Nikola promised to develop long-haul semi trucks powered by hydrogen and electricity, and listed itself on the stock exchange in 2020 before it had sold a single vehicle. Its share […]

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Can the Federal Reserve Look Past Trump’s Tariffs?

As President Trump’s efforts to restructure the global trade system with expansive tariffs begin to take shape, one question continues to dog officials at the Federal Reserve: How will these policies impact the central bank’s plans to lower interest rates? One influential Fed governor made clear on Monday that he did not expect Mr. Trump’s […]

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California’s Push for Electric Trucks Sputters Under Trump

President Trump’s policies could threaten many big green energy projects in the coming years, but his election has already dealt a big blow to an ambitious California effort to replace thousands of diesel-fueled trucks with battery-powered semis. The California plan, which has been closely watched by other states and countries, was meant to take a […]

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Japan’s Economy Recovered In Second Half But Barely Grew in 2024

For decades in Japan, it was accepted as gospel: A weak currency makes companies more competitive and bolsters the economy. Part of that promise came true last year: As the yen tumbled to a 37-year low against the dollar, big brands like Toyota Motor reported the highest profits in Japanese history. Stocks soared to record […]

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Medicare Doesn’t Pay for Everything: How to Bridge the Cost Gap

Medicare can cover most of your health care needs when you turn 65, but it doesn’t pay for everything. And one of the most significant financial challenges to watch out for are the out-of-pocket costs you can face aside from monthly premiums — including deductibles and other types of cost sharing. Just how much you’ll […]

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Uncertainty About Economic Policy Is Hampering Business Decisions

It is an axiom heard countless times in business school lecture halls and on corporate earnings calls: Uncertainty is bad for business. The U.S. economy is about to test that proposition like never before. The first weeks of the second Trump administration have been a dizzying whirlwind of economic policy moves: A spending freeze was […]

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What Happens to Global Trade If ‘the W.T.O. Is Toast’?

When President Trump announced he would impose new tariffs on imports from countries around the world, he launched a frontal attack on the global free trade system created in the aftermath of World War II. Mr. Trump’s move, announced Thursday and set to begin as soon as April, represents a bet that the United States […]

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DeepSeek Doesn’t Scare OpenAI, Thanks to the ‘Jevons Paradox’

Economic jargon is usually confined to textbooks and business school seminars. But every once in a while, something happens in the world that drives the lingo out of obscurity and into popular discussions. One such emergence happened late last month when, following a weekend of alarm over the viability of A.I. investments, Microsoft’s chief executive, […]

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Whiskey Offers Window Into the Pain of a Trade War

Liquor lobbyists gathered in a ritzy private club on a recent rainy evening in Brussels to swill cocktails with names like “Toasts Not Tariffs” and fret over the potential disaster confronting their industry. Again. Seven years ago, the spirits industry found itself a casualty in a worldwide trade war as President Trump unleashed tariffs on […]

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The Rising Price of Eggs Is Also Hurting Your Local Restaurant

Karen Huebner did not want to raise the price of omelets. Even as she was paying more for eggs week after week, she held prices steady on over-easy dishes and breakfast burritos and other customer favorites at the Hot Grillz Diner, the small, restaurant her family owns in Walton Hills, Ohio, about 15 miles southeast […]

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The Rising Price of Eggs Is Also Hurting Your Local Restaurant

Karen Huebner did not want to raise the price of omelets. Even as she was paying more for eggs week after week, she held prices steady on over-easy dishes and breakfast burritos and other customer favorites at the Hot Grillz Diner, the small, restaurant her family owns in Walton Hills, Ohio, about 15 miles southeast […]

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CPI Report: Inflation Rose Unexpectedly in January

U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts. The Consumer Price Index unexpectedly ticked higher from a year earlier, data from the Bureau of Labor Statistics showed on Wednesday, up from 2.9 percent in December. Compared to December, consumer prices […]

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Trump Softens Tone on Inflation After Pledging to Lower Prices

President Trump promised voters that, if elected, he would enact policies that would bring prices down on “Day 1” in office. But three weeks into his term, Mr. Trump and White House officials have become more measured in how they discuss their efforts to tame inflation. They have begun downplaying the likelihood that consumer costs […]

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How Trump’s Canadian Oil Tariff Would Hit U.S. Refineries

The largest refinery in the Midwest will have an unpalatable choice if President Trump imposes tariffs on Canadian oil: Pay more for the crude that it transforms into gasoline and diesel, or slash production. Both options threaten to increase prices at the pump, albeit modestly if Mr. Trump sticks with the 10 percent rate he […]

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Steel and Aluminum Tariffs May Raise US Manufacturing Costs

America has seen this movie before: President Trump, who imposed stiff tariffs on Monday on imported steel and aluminum, did so once before, in 2018. So domestic industries have a pretty good idea of how the story ends. Manufacturers of trucks, appliances and construction equipment scramble to find U.S. sources of metal inputs, keeping steel […]

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Are You Stockpiling Food Items in Response to Tariff Concerns? We Want to Hear From You.

“Tariff” is the word of the week. On Tuesday the Trump administration initiated a 10 percent tariff on Chinese goods, and steeper tariffs are set to take effect next month for imports from Mexico and Canada. President Trump has also threatened to impose tariffs on the European Union. Economists broadly agree that the costs of […]

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How Trump Tariffs Could Affect Small Businesses — and Their Customers

For small businesses across the United States, President Trump’s broad tariffs on Chinese-made goods could squeeze their already tight margins, and cause sticker shock for customers. Sarah Pitkin, who owns four hardware stores in Virginia, said the prices of the power tools, barbecue grills and electronics that she stocks could all rise as a result […]

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State Farm Seeks an Urgent Increase in California Rates After Fires

State Farm, the largest homeowners’ insurance company in California, asked state insurance regulators on Monday to urgently approve a 22 percent average rate increase, a worrying sign for an already fragile insurance market in a disaster-prone state. In recent years, more Californians have struggled to secure affordable homeowners’ insurance as companies have raised their rates […]

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How Costs for Online Sales After Trump’s Trade Move

President Trump’s decision to impose hefty tariffs on Canada, Mexico and China included a little-noticed but significant change to how online purchases will be taxed when they enter the United States. One provision of Mr. Trump’s executive order will increase costs for more than 80 percent of U.S. e-commerce imports. The decision could shift the […]

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Panama Canal Fees Have Become a Flashpoint. Here’s Why They’ve Risen.

The cost of using the Panama Canal has risen in recent years — excessively so, President Trump has asserted. The canal operator says droughts, investments in upgrades and sheer demand are among the reasons. But if Mr. Trump wrests lower canal fees out of Panama, American consumers may not feel much difference, because canal costs […]

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Three Years After Ukraine Invasion, Europe Still Deals With Energy Crisis

At a newly built dock along Germany’s Elbe River, tankers from the United States unload liquefied natural gas to fuel factories and homes. In central Spain, a forest of wind turbines planted atop mountains helps power the energy grid. In French government buildings, thermostats have been lowered in winter to save electricity. In the three […]

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From Groceries to Cars, Tariffs Could Raise Prices for U.S. Consumers

President Trump’s tariffs target countries that are major suppliers of a wide range of goods to the United States. For American families, the likely result is higher prices nearly everywhere they turn — in grocery aisles, car dealerships, electronics stores and at the pump. Mr. Trump on Saturday signed executive orders imposing tariffs on the […]

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Who Pays for Tariffs? Here’s What You Need to Know.

President Trump is moving forward with extensive tariffs on America’s closest trading partners. Beginning Tuesday, companies bringing products into the United States from Canada and Mexico will pay a 25 percent tariff; importers bringing products in from China will pay an additional 10 percent on top of existing levies. The president has insisted that these […]

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Inflation Ticked Up in December, Fed’s Preferred Measure Shows

The Federal Reserve wants to see more evidence that inflation is easing before resuming interest rate cuts. The latest data presented a mixed picture. The central bank’s preferred inflation measure, released on Friday, climbed 2.6 percent in December from a year earlier, faster than its 2.4 percent rate in November and quicker than the central […]

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Trump Tariffs Could Hurt Oil Companies and Increase Gas Prices

Oil and gas companies in the United States are bracing for the possibility that President Trump will thrust their businesses into disarray and will drive up prices at the pump by imposing 25 percent tariffs on goods from Canada and Mexico. The United States is the world’s largest oil producer, but the country’s refineries are […]

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High Inflation and New Tariffs Will Make the Fed’s Job Tougher

High inflation is stoking fresh debate about how the Federal Reserve should respond to President Trump’s sweeping plans to reorder the world economy through tariffs, leading to questions about whether old playbooks still apply. On Saturday, Mr. Trump is poised to impose 25 percent tariffs on imports from Mexico and Canada as well as an […]

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Rohit Chopra of CFPB Expected Trump to Fire Him Right Away, but He’s Hanging On

Rohit Chopra, the director of the Consumer Financial Protection Bureau, expected to be fired soon after President Trump took office. More than a week later, he remains in his job — a source of puzzlement among his allies and frustration for those who want to see him gone. “I swore an oath to a five-year […]

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Frontier Airlines Offers to Buy Spirit Airlines, Again

Frontier Airlines is again trying to join forces with Spirit Airlines, three years after the companies failed to complete a proposed merger. On Wednesday, Frontier said it was willing to pay $2.1 billion in stock and cash for Spirit, a deal that would unite the nation’s two largest budget carriers and could reshape competition in […]

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Typhoon Yagi Scrambles Vietnam’s Lunar New Year Tradition

In Hanoi and other Vietnamese cities at this time of year, potted kumquat trees fastened to motorbike seats dodge and weave through traffic in a haze of orange. Families buy them as symbols of luck and good fortune for the new Lunar New Year, which started on Wednesday. This year a typhoon and extreme heat […]

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Chevron Wants to Tap Into A.I. Boom by Selling Electricity to Data Centers

The artificial intelligence boom has turbocharged demand for electricity, and everyone who is anyone in the U.S. energy industry wants a piece of the action. The latest entrant is Chevron, the country’s second-largest oil and gas company, which sees opportunity in building natural gas-fueled power plants that will feed energy directly to data centers. Chevron […]

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Oil Companies Embrace Trump, but Not ‘Drill, Baby, Drill’

President Trump is swinging American energy policy sharply in favor of fossil fuels, but oil and gas companies say those changes won’t push them to engage in the frenzy of new drilling that Mr. Trump wants. The oil industry is thrilled by Mr. Trump’s executive orders, which are designed to make life harder for renewable […]

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