By Yifan Wang Chinese electric car maker Xpeng Inc. has cut prices for most of its vehicles by around 10%, joining other auto makers in lowering prices as competition heats Read more
Tag: Pricing
U.S. import prices rise for first time in six months
The numbers: The cost of U.S. imported goods rose 0.4% in December to mark the first increase in six months, but there was little sign of intensifying inflationary pressures. Economists Read more
Canada Producer Prices Slip in November
By Robb M. Stewart OTTAWA–Producer prices in Canada eased in November, led by energy products, and Canadian companies paid slightly less for raw materials. Statistics Canada’s industrial product price index Read more
Black Friday surprise: Jeff Bezos tells people NOT to buy cars, refrigerators and other big-ticket items. Critics call him out.
Billionaire Jeff Bezos, who founded the e-retail behemoth Amazon, has some spending tips as Americans gear up for a holiday shopping season — amid four-decade high inflation and recession worries. Read more
U.K. inflation hit fresh four-decade high of 11.1% in October
U.K. inflation accelerated in October, reaching a fresh four-decade high, as higher wholesale energy prices fed through households’ utility bills. The U.K.’s Office for National Statistics said Wednesday that consumer Read more
Daimler Truck sees higher revenue, boosted by strong sales, price increases
Daimler Truck Holding AG on Friday said revenue increased in the third quarter, boosted by strong vehicle sales and higher prices. The German commercial-vehicles maker DTG, +2.52% said revenue rose Read more
The rise in food prices slowed in October, but some items increased by up to 43%. So what’s going on?
The months-long rise in food prices has finally shown signs of cooling. Inflation hit 7.7% in October compared to a year ago, down from 8.2% in September, the government said Read more
U.K. housing market stalling as buying demand records largest drop in over 20 years
Demand for U.K. houses is falling at its fastest paces since the pandemic began in early 2020 as “buyer caution” from soaring mortgage rates further weakens the property market, according Read more
How good are Black Friday sales this year? Here’s what to buy, and what to skip.
Lots of people do, according to Brian Field, global leader of retail consulting and analytics for Sensormatic Solutions. The retail insights company predicts Black Friday (Nov. 25 this year) will Read more
Opinion: Opinion: Biden’s energy policies make Powell’s job controlling inflation tougher
For President Joe Biden, tapping the Strategic Petroleum Reserve to lower gasoline prices RB00, -1.02% —along with pardons for federal marijuana possession convictions and forgiving student debt—was a key midterm election strategy. He Read more