Surprise Build In Crude Oil Inventories Weigh On Prices – OilPrice.com
U.S. crude oil inventories rose by 483,000 barrels this week for the week ending Jan. 12, after analysts had expected 2.4 million barrels, according to the American Petroleum Institute (API). API reported that crude oil inventories decreased by 5.215 billion barrels in the previous week. On Tuesday, the Department of Energy (DoE) reported that crude […]
Airbnb eyes increasing housing supply, driving down prices
Airbnb is launching an initiative to consider how to address the national issue of housing affordability, with a focus on increasing supply and lowering prices. The company announced Wednesday. Establishment of new housing councilchaired by former Baltimore Mayor Stephanie Rawlings-Blake, who is also president of the U.S. Conference of Mayors. The council will advise the […]
UK inflation unexpectedly rises despite sharp fall in fuel prices | Inflation
UK inflation unexpectedly rose to 4.0% in December, complicating expectations that the Bank of England would start cutting interest rates. The Office for National Statistics said the annual inflation rate, as measured by the Consumer Price Index (CPI), rose from 3.9% in November, halting the recent sharp decline. Economists in the city had predicted a […]
Fatburger owner to raise prices, trim hours amid minimum wage hike
The owners of four Fatburger franchises in Los Angeles are raising menu prices and shortening workers' hours to offset an impending California law that would raise the minimum wage for fast-food workers to $20 an hour. and abolished paid leave. Marcus Wahlberg, who owns the popular outpost, said he was forced to take drastic action […]
Company reportedly pares back prices of its diamonds this month
Jewelers of America PR Director Amanda Gizzi explains the difference between lab-grown diamonds and natural diamonds on Varney & Co. De Beers has reportedly reduced the price of diamonds. bloomberg reported on Monday Anonymous sources told the outlet that diamond miners and sellers applied the price cuts to the first jewelry sales of the year. […]
Diamond prices slashed up to 25% as sales slump
Diamond giant De Beers has slashed the price of its precious solitaires as sales plummet as bargain-hunting fiancés increasingly opt for cheaper lab-grown gemstones. Prices for certain categories of larger De Beers mined diamonds have been reduced by up to 25%. bloombergsaid a person familiar with the matter. The category, called “Select Makeables,” includes large […]
Ticket prices plummet for Chiefs-Dolphins amid dangerous weather
For fans willing to brave potentially historically low temperatures, Saturday night's wild-card round game between the Chiefs and Dolphins at Arrowhead Stadium will be of great value. Tickets for this game were only $33 on StubHub Saturday morning. Some of the best seats were selling in the $100 range, much lower than usual for playoff […]
Oil Prices Surge As Red Sea Conflict Escalates, Threatening More Inflation
Oil prices rose as much as 4% on Friday after the US and UK launched missile attacks on Iranian-backed Houthi rebels in retaliation for a Red Sea ship attack. The price of Brent crude, the world benchmark, soared above $80 a barrel to its highest price this year, before falling to around $79 a barrel […]
Gas prices stay low at the start of the new year: AAA
According to AAA's latest report, prices fell by just 2 cents this week. (iStock) This week, gas prices hovered just above $3 a gallon, at levels seen in early 2024. This week, the national average gas price fell 2 cents to $3.07. According to the AAA report. This average gas price of $3.07 is 8 […]
‘We See Prices Continuing to Ease’
Speaking on Bloomberg's “Sound On” Thursday, White House Council of Economic Advisers Chairman Jared Bernstein responded to the remarks. December CPI Report The CPI rose 0.3% for the month, after rising 0.1% monthly and 3.4% annually in November. After November, the annual rate is 3.1%. Core inflation was at an annual rate of 3.9% after […]