Tag: Prices (Fares, Fees and Rates)

Supreme Court Hears Trump Case, and Israel Eyes Rafah

The New York Times Audio app is home to journalism and storytelling, and provides news, depth and serendipity. If you haven’t already, download it here — available to Times news subscribers on iOS — and sign up for our weekly newsletter. The Headlines brings you the biggest stories of the day from the Times journalists […]

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How Ford’s F-150 Lightning, Once in Hot Demand, Lost Its Luster

In July Michael Puglia drove home with what seemed like the coolest vehicle he’d ever own — a Ford F-150 Lightning electric pickup truck. It was big enough to haul around his children and all their hockey gear. He’d never have to gas it up, and the ride was exhilarating. “It’s unbelievably fast and responsive,” […]

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Could This Be the Most Expensive Super Bowl Ever?

So you want to go to the Super Bowl this weekend. Even for non-football fans, this year’s spectacle of professional sports and over-the-top entertainment — in Las Vegas, no less — could be hard to resist. Some of the best players of their generation, like Nick Bosa, Patrick Mahomes and Travis Kelce, will take the […]

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Why Are Americans Wary While the Economy Is Healthy? Look at Nevada.

Toni Irizarry recognizes that the economy has improved. Compared with the first wave of the pandemic, when Las Vegas went dark, and joblessness soared to levels not seen since the Great Depression, these are days of relative normalcy. Ms. Irizarry, 64, oversees a cafe at the Orleans Hotel and Casino, a property just off the […]

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Fed Chair Powell Says Officials Need More ‘Good’ Data Before Cutting Rates

Jerome H. Powell, the chair of the Federal Reserve, made clear during a “60 Minutes” interview aired on Sunday night that the central bank is moving toward cutting interest rates as inflation recedes, but that policymakers need to see continued progress toward cooler price increases to make the first move. Mr. Powell was interviewed on […]

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How Much for Thin Mints? Some Girl Scouts Raise Cookie Prices.

As if sticker shock in grocery stores hasn’t been enough, inflation has hit another consumer favorite: Girl Scout cookies. When Girl Scouts in New York start their annual cookie sales this week, customers will be paying $7 a box for favorites like Thin Mints, Samoas, and Tagalongs, up from $5 last year. “It has been […]

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Job Market Starts 2024 With a Bang

The United States produced an unexpectedly sizable batch of jobs last month, a boon for American workers that shows the labor market retains remarkable strength after three years of expansion. Employers added 353,000 jobs in January on a seasonally adjusted basis, the Labor Department reported on Friday, and the unemployment rate remained at 3.7 percent. […]

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6 Reasons That It’s Hard to Get Your Wegovy and Other Weight-Loss Prescriptions

Talk to people who have tried to get one of the wildly popular weight-loss drugs, like Wegovy, and they’ll probably have a story about the hoops they had to jump through to get their medication — if they could get it at all. Emily Weaver, a nurse practitioner in Cary, N.C., said she told her […]

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The Economy Looks Sunny, a Potential Gain for Biden

A run of strong economic data appears to have finally punctured consumers’ sour mood about the U.S. economy, blasting away recession fears and potentially aiding President Biden in his re-election campaign. Mr. Biden has struggled to sell voters on the positive signs in the economy under his watch, including rapid job gains, low unemployment and […]

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Economists Expected a Hiring Slowdown. So Much for That.

Job gains remain rapid, unemployment is near a historic low and wage gains are robust nearly two years into the Federal Reserve’s campaign to cool the economy with higher interest rates — an outcome that has surprised policymakers and economic forecasters alike. At this time last year, Fed officials were predicting that unemployment would have […]

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Biden Takes Aim at Grocery Chains Over Food Prices

President Biden, whose approval rating has suffered amid high inflation, is beginning to pressure large grocery chains to slash food prices for American consumers, accusing the stores of reaping excess profits and ripping off shoppers. “There are still too many corporations in America ripping people off: price gouging, junk fees, greedflation, shrinkflation,” Mr. Biden said […]

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U.S. Makes Initial Offers in Medicare Drug Price Negotiations

Why It Matters: The price offers kick off negotiations. The medicines selected for negotiations are taken by millions of Americans to treat conditions like diabetes, cancer and heart disease. The administration identified them in August, beginning a lengthy process intended to result in an agreed-upon price that would take effect in 2026, assuming the negotiation […]

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Biogen Abandons Its Controversial Alzheimer’s Drug Aduhelm

The drug maker Biogen said on Wednesday it would abandon its ownership rights to Aduhelm, an Alzheimer’s drug that had provoked fierce criticism of the company and regulators after it was approved based on weak evidence that it would help patients. The company will also stop a clinical trial that the Food and Drug Administration […]

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Apple’s Vision Pro Headset Costs Closer to $4,600 With Necessary Add-Ons

When Apple unveiled the Vision Pro virtual reality goggles last year at a technology conference, many in the audience gasped at the price: $3,500. That’s more than quadruple the cost of a new iPhone and 14 times the cost of a competing headset from Meta. The headset, which Apple has marketed as a computer, movie […]

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The Federal Reserve Meets Wednesday. Here’s What to Watch.

Federal Reserve officials will conclude their two-day meeting on Wednesday, and they are widely expected to keep interest rates steady at a two-decade high when they release their policy decision at 2 p.m. But investors are likely to closely watch the meeting — particularly Chair Jerome H. Powell’s 2:30 p.m. news conference — for hints […]

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N.J. Transit Wants a Big Fare Increase. Riders Want Better Service.

Unlike many of his fellow New Jerseyans, Ian Whelan seems too polite to broadcast his gripes about the state’s much-maligned commuter railroad. But a new plan to raise train fares by 15 percent set him off. Mr. Whelan, whose wife, Tamara, regularly rides New Jersey Transit to and from her job at Carnegie Hall, posted […]

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Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says

The global economy has been battered by a pandemic, record levels of inflation, protracted wars and skyrocketing interest rates over the past four years, raising fears of a painful worldwide downturn. But fresh forecasts published on Tuesday suggest that the world has managed to defy the odds, averting the threat of a so-called hard landing. […]

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G.M. Profits Hurt by Unsold Electric Vehicles and Strike

General Motors said on Tuesday that its profit in the final three months of 2023 was depressed by losses stemming from unsold electric vehicles and the cost of a 40-day strike at some of its U.S. plants. The automaker, which has been banking on a rapid rise in sales of battery-powered models, earned $2.1 billion […]

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Economists Predicted a Recession. So Far They’ve Been Wrong.

The recession America was expecting never showed up. Many economists spent early 2023 predicting a painful downturn, a view so widely held that some commentators started to treat it as a given. Inflation had spiked to the highest level in decades, and a range of forecasters thought that it would take a drop in demand […]

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PCE, a Key Inflation Measure, Cooled in December

A measure of inflation closely watched by the Federal Reserve continued to cool in December, the latest sign that price increases are coming back under control even as growth remains solid and the labor market healthy. In particularly positive news, a key gauge of price increases dipped below 3 percent for the first time since […]

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Airlines Hoping for More Boeing Jets Could Be Waiting Awhile

Boeing hoped 2024 would be the year it would significantly increase production of its popular Max jets. But less than a month into the year, the company is struggling to reassure airline customers that it will still be able to deliver on its promises. That’s because the Federal Aviation Administration on Wednesday said it would […]

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Apple Overhauls App Store in Europe, in Response to New Digital Law

Since Apple introduced the App Store in 2008, it has tightly controlled the apps and services allowed on iPhones and iPads, giving the company an iron grip on one of the digital economy’s most valuable storefronts. Now Apple is weakening its hold on the store, in one of the most consequential signs to date of […]

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U.S. Economy Grew at 3.3% Rate in Latest Quarter

The U.S. economy continued to grow at a healthy pace at the end of 2023, capping a year in which unemployment remained low, inflation cooled and a widely predicted recession never materialized. Gross domestic product, adjusted for inflation, grew at a 3.3 percent annual rate in the fourth quarter, the Commerce Department said on Thursday. […]

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Shipping Costs Soar in Wake of Red Sea Attacks

For about two months, a barrage of missile and drone attacks in the Red Sea by Houthi militants has posed a difficult choice to shippers using the Suez Canal: risk an airborne strike and pay sharply higher insurance rates, or forgo the canal and take the longer route around Africa, snarling schedules and entailing higher […]

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N.J. Transit Plans to Raise Fares 15% on July 1

New Jersey Transit, facing a huge budget deficit, said on Wednesday that it planned to raise fares on its statewide bus and train network by 15 percent on July 1 and, after that, by an additional 3 percent annually. The fare increases would be the agency’s first since Gov. Philip D. Murphy, a Democrat, took […]

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Nationwide Union Strike Tests Milei’s Policies for Argentina

It has been six weeks since President Javier Milei took office in Argentina, and since then, gas prices have doubled, inflation has soared and the value of the national currency has plummeted. Such turmoil, he had warned, should be expected. Fixing decades of economic problems would first require more pain, he said. Yet on Wednesday, […]

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With DeSantis Out of the Race, Floridians Wonder: How Will He Govern Now?

Forgive Florida voters for feeling a little whiplash. Gov. Ron DeSantis appeared unstoppable in late 2022. He had just won re-election, thumping his opponent by nearly 20 percentage points in a victory attributed in large part to voters rewarding him for his handling of the coronavirus pandemic. But this week, he dropped out of the […]

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Americans’ Economic Confidence Is Returning. Will Biden Benefit?

Low approval ratings and rock-bottom consumer confidence figures have dogged President Biden for months now, a worrying sign for the White House as the country enters a presidential election year. But recent data suggests the tide is beginning to turn. Americans are feeling more confident about the economy than they have in years, by some […]

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Where Textile Mills Thrived, Remnants Battle for Survival

In his 40-year career, William Lucas has seen nearly every step in the erosion of the American garment industry. As general manager of Eagle Sportswear, a company in Middlesex, N.C., that cuts, sews and assembles apparel, he hopes to keep what’s left of that industry intact. Mr. Lucas, 59, has invested hundreds of thousands of […]

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The Baltimore Sun’s New Owner Has the Newsroom on Edge

A few years ago, desperate to avoid being acquired by a hedge fund, staff members of The Baltimore Sun made public pleas for a local entrepreneur to buy their publication. That request was recently realized: A Maryland businessman, David D. Smith, bought the storied newspaper, returning the 186-year-old newspaper to local hands for the first […]

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The U.S. Seems to Be Dodging a Recession. What Could Go Wrong?

With inflation falling, unemployment low and the Federal Reserve signaling it could soon begin cutting interest rates, forecasters are becoming increasingly optimistic that the U.S. economy could avoid a recession. Wells Fargo last week became the latest big bank to predict that the economy will achieve a soft landing, gently slowing rather than screeching to […]

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