President Joe Biden convenes a meeting of his competition council at 3:00 p.m. ET on July 19 to announce new actions to increase competition in the American economy to lower prices. …
LIVE NOW: Biden Announces New Actions to Encourage Competition in the US Economy
July 19, 2023
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Biden Announces New Actions to Encourage Competition in the US Economy
July 19, 2023
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Business & MarketscompetitionCompetition CouncilEpochTVEpochTV LiveExecutive BranchJoe BidenLive VideosPoliticspricesU.S. economyUSUS NewsVideo
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President Joe Biden convenes a meeting of his competition council at 3:00 p.m. ET on July 19 to announce new actions to increase competition in the American economy to lower prices. …
US Wholesale Prices for June Point to Further Easing of Inflation Pressures
WASHINGTON—Wholesale prices in the United States decelerated again last month, the latest sign that inflationary pressures are easing in the face of the Federal Reserve’s streak of interest rate hikes. The government’s producer price index—which measures inflation before it reaches consumers—rose just 0.1 percent last month from June 2022, the smallest such increase since August…
Investor Home Purchases Fell 49 Percent in One Year
The percentage of homes purchased by real estate investors fell 49 percent compared with what they bought a year before, and overall home purchases fell 41 percent, according to real estate brokerage Redfin, which analyzed date from 40 major metros. Something that may have led investors to retreat from the housing market likely are rising…
Tesla Cuts US Prices for 6th Time This Year
Tesla Inc. cut prices for some of its Model Y and Model 3 vehicles in the United States for the sixth time this year to juice demand as competition among electric-vehicle makers heats up around the world. The cuts came ahead of Tesla’s first-quarter earnings. Tesla on Wednesday posted its lowest quarterly gross margin in two…
Tesla Cuts US Prices for 5th Time Since January
Tesla cut prices in the United States between 2 percent and nearly 6 percent, its website showed on Thursday, as the company extends a discount drive on its electric vehicles that analysts caution could hurt profitability. The fifth such cut in Tesla’s largest market since the start of the year comes as the United States…
Russia Says It Will Cut Oil Production Over Western Caps
February 10, 2023
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MOSCOW—Russia announced Friday that will cut oil production by 500,000 barrels per day next month after Western countries capped the price of its crude over its action in Ukraine. “As of today, we fully sell all our crude output, but as we stated before, we will not sell oil to those who directly or indirectly…
Nestle to Hike Food Prices Further in 2023, CEO Says
February 6, 2023
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Nestle will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, Chief Executive Mark Schneider told a German newspaper. The increases will not be as steep as they were in 2022, but “we have some catching up to…
Gas Prices Rise for 5th Straight Week With Trend Expected to Continue
Gas prices at the pump rose for the fifth consecutive week and there isn’t much hope of prices going down in the near future, according to a industry analysis. GasBuddy said that the national average of $3.49 per gallon reported Sunday is up 33.3 cents from a month ago and 14.1 cents higher than a…
Prices Will Keep Rising Despite ‘Peak Inflation’ Chatter, Warns Unilever CEO
Unilever CEO Alan Jope has warned of the possibility of persistently high prices in the near future even if inflation levels out, adding that soaring costs have not yet reached their peak. Jope made the comments while speaking to CNBC at the World Economic Forum in Davos, Switzerland, on Jan. 17, where the businessman was asked if…
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