LONDON—The European Central Bank raised interest rates for the eighth successive time, as expected, on Thursday and signalled further policy tightening, as it battles high inflation. The central bank for the 20 countries that share the euro also said it expected inflation to stay above its 2 percent target through 2025 and hinted once again…
ECB Lifts Interest Rates to 22-year Highs
June 15, 2023
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Tesla Raises Prices in US, China, Japan, and Canada
May 2, 2023
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Tesla Inc. has raised prices in a range of up to $290 in Canada, China, Japan, and the United States, its website showed on Monday, after the company slashed prices of its top-selling vehicles since the start of the year. The hike was the first on its two top-selling models at the same time in…
Tesla Hikes US Prices Days After 6th Price Cut This Year
Tesla Inc. raised the U.S. prices for its Model S and X premium electric vehicles, according to its website on Thursday, although they are still 20 percent lower than the start of the year after a slew of price cuts to drum up demand. Tesla has been slashing prices globally since January, including as many…
USPS Seeks to Hike Stamp Prices by 5.4 Percent
WASHINGTON—The United States Postal Service (USPS) on Monday said it was seeking approval to hike the price of first-class mail stamps to 66 cents from 63 cents. USPS won approval to hike stamp prices to 63 cents from 60 cents in January. The new hike—which the USPS says is needed to offset the rise in…
Walgreens Plans No Further Wage Hikes for Pharmacists as Shortage Eases
Walgreens Boots Alliance Inc. said it does not plan to increase wages further, as a shortage of pharmacists eases after the company doubled down on hiring and pay raises last year. A labor shortage during the pandemic prompted Walgreens and other U.S. drugstore operators, including CVS Health Corp. and Walmart Inc., to raise minimum wages…
Fed’s Powell Noted ‘Balance of Risks’ in Rate Hike Path From 2018 Onwards, Transcripts Show
Two months before he became Federal Reserve chair, Jerome Powell urged a gradual approach to raising interest rates so that the U.S. central bank could more adequately assess the true strength of the labor market against tepid inflation, foreshadowing a cautiousness on policy that would persist under his leadership until the coronavirus crisis and its…
Fed Policymakers Signal Rate-Hike Slowdown Coming, but No Easing
Federal Reserve policymakers on Thursday expressed relief that inflation continued easing in December, paving the way for a possible step down to a quarter-point interest rate increase when the U.S. central bank meets in just under three weeks. U.S. consumer prices fell in December in the first month-to-month decline in more than 2–1/2 years, and…
Visit Alaska
January 12, 2023
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Hike the northernmost state from the warmth of your home, where larger-than-life creatures and vistas await. …
ECB Slows Rate Hikes but Pledges Continued Inflation Fight
December 15, 2022
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FRANKFURT—The European Central Bank raised interest rates for the fourth time in a row on Thursday, although by less than at its last two meetings, pledged further hikes and laid out plans to drain cash from the financial system as part of its fight against runaway inflation. The ECB has been raising rates at an…
Elon Musk Sees Deflation Coming If There Is Another Major Fed Rate Hike
Elon Musk has warned that another interest rate hike by the U.S. Federal Reserve could result in deflation hitting the economy. Last year, Musk predicted that the U.S. would enter a recession. On Friday, Federal Reserve Governor Christopher Waller warned that he expects a “significant” interest rate increase later this month. He mentioned that policymakers should stop…
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