Automakers Could Be Forced To Cut Prices — And Profits — In 2023 John Hugh DeMastri on December 27, 2022 Consumers might see car prices finally come down in 2023 …
Prices
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(Reuters) – Peloton Interactive Inc is offering refurbished bikes across the continental U.S. and Canada at a discount of up to $500 over new bikes, the company said on Monday. …
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Home Sales Plunge In November As Housing Market Cracks Under High Prices
Home Sales Plunge In November As Housing Market Cracks Under High Prices John Hugh DeMastri on December 21, 2022 Sales of existing homes fell severely in November, but prices remained …
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U.S. new vehicle sales to fall in December as high prices deter buyers – report
by Reutersby Reuters(Reuters) – U.S. total new vehicle retail sales are expected to decline in December as high vehicle prices and rising borrowing costs pushed consumers to cut back spending, a report …
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LONDON (Reuters) – Mortgage lender Halifax said on Friday it expected British house prices to fall next year by around 8% as the increasing cost of living put more pressure …
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(Reuters) – Futures for Canada’s resources-heavy main stock index rose on Thursday as oil prices recouped early losses, while a sharp drop in gold kept gains in check after hawkish …
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Holiday bookings are back at upscale restaurants – at higher prices
by Reutersby ReutersBy Hilary Russ NEW YORK (Reuters) – Holiday parties are back at posh eateries – even with soaring menu prices. At the Michelin-starred restaurant Boka in Chicago, bookings are back …
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Russian weekly consumer prices rise more slowly before rate decision
by Reutersby ReutersMOSCOW (Reuters) -Weekly consumer prices in Russia rose again but more slowly than the week before, data showed on Wednesday, all but confirming widely-held expectations that the central bank will …
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White House’s Deese: Increase in food prices too high, progress needed
by Reutersby ReutersWASHINGTON (Reuters) – U.S. President Joe Biden’s top economic adviser, Brian Deese, told MSNBC on Wednesday that the rise in food prices was too high and remained an area where …
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LONDON (Reuters) – British house prices increased by 12.6% year-on-year in October, the Office for National Statistics (ONS) said on Wednesday, pushed up in part by a sharp fall in …
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By Susanna Twidale, Kate Abnett and Gabriela Baczynska (Reuters) – A proposed cap on gas prices has divided European Union countries for months, as countries have argued about how high …
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WELLINGTON (Reuters) – New Zealand house prices fell in November on the prior month as rising interest rates, access to finance and concerns around the economy contributed to continued hesitancy …
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Key Inflation Metric Shows High Prices Aren’t Going Anywhere Just Yet
Key Inflation Metric Shows High Prices Aren’t Going Anywhere Just Yet John Hugh DeMastri on December 9, 2022 Wholesale prices beat expectations in November, a sign that inflation might not …
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(Reuters) – Futures tracking Canada’s resources-heavy main stock index gained on Friday as prices of oil and precious metals rose on investors’ hopes that top consumer China’s economy would strengthen …
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Canadian oil companies, lighter in debt, have cash to spare despite falling prices
by Reutersby ReutersBy Rod Nickel WINNIPEG, Manitoba (Reuters) – After a bumper year of share buybacks and dividends, investors in debt-light Canadian oil and gas producers are set to reward shareholders even …
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(Reuters) – U.S. stock index futures ticked up on Friday ahead of monthly producer prices data that could offer more clues on how long the Federal Reserve will keep raising …
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European house prices may be on the verge of falling, risk watchdog says
by Reutersby ReutersFRANKFURT (Reuters) – European house prices may be on the verge of declining as the economic environment deteriorates and the commercial real estate sector is also at risk, the European …
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By Howard Schneider WASHINGTON(Reuters) – Prices for online goods in the United States fell at a nearly 2 percent annual pace in November, the fastest decline since the onset of …
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(Reuters) – Futures tracking Canada’s resources-heavy main stock index were subdued on Thursday as gold prices slipped, while investors awaited U.S. labor data to gauge the Federal Reserve’s next policy …
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PARIS (Reuters) -French sugar group Tereos reported strong first-half results on Tuesday, including a net profit and a sharp rise in earnings, as high sugar and ethanol prices helped offset …
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Toronto home prices fall 1% in November; down roughly 19% from peak
by Reutersby ReutersTORONTO (Reuters) – Home prices in the Greater Toronto Area (GTA) fell in November as rapidly rising interest rates weighed on the city’s once-red-hot housing market, data from the Toronto …
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Swedish prices have not risen more than motivated by costs, think tank says
by Reutersby ReutersSTOCKHOLM (Reuters) – Swedish companies have not raised consumer prices by more than is motivated by the growing costs they face, a report published by the National Institute of Economic …
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Reuters poll: U.S. house prices to fall 12% peak to trough – analysts
by Reutersby ReutersBy Hari Kishan BENGALURU (Reuters) – A retreat in U.S. house prices will extend into next year, although the expected 12% peak-to-trough drop predicted by analysts polled by Reuters would …
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BRUSSELS (Reuters) – Euro zone producer prices fell more than expected month-on-month in October and decelerated sharply year-on-year, underlining economists’ expectations that inflation may have peaked. The European Union’s statistics …
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PARIS (Reuters) -The United Nations food agency’s world price index fell marginally in November, marking an eighth straight monthly fall since a record high in March after Russia’s invasion of …