Consumers deal with high car prices
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Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Gold prices hit a new record high: 5 moves to make now
Gold prices have climbed above $2,430 per ounce. Here are the moves to make to capitalize on today's high price.CBS News - Top stories -
Comex Gold, Silver Settle Lower
Gold fell 0.5% from its record high to settle at $2,421.70 per troy ounce.The Wall Street Journal - World -
Senators place blame for sky-high drug prices on abuse of the patent system
The drug industry’s top lobbying group faced fierce questioning at a Senate Judiciary Committee hearing on Tuesday that explored whether abuse of the patent system is responsible for keeping prescription drug prices sky-high in the United States.NBC News - Top stories -
Latest shipping data reveals that mid-range retail is the new consumer price sweet spot
Retailers are converging on 'middle-price-point' items as the best way to reach consumers, a new CNBC Supply Chain Survey shows.CNBC - Business -
‘We know consumers are feeling pressured’: Target to cut prices on 5,000 items ahead of Memorial Day weekend
Retailer Target is competing on price with its bigger rival Walmart at a time when many Americans are struggling with inflationary pressures.MarketWatch - Business -
Auto incentives are back — but high interest rates weaken deals for buyers
Incentives are coming back to the auto market, but interest rates remain high, corroding the benefits for buyers. Here are three things shoppers can do.CNBC - Business -
Walmart and Other Retail Earnings Show Inflation Still Pushing Consumers to Seek Deals
Low prices drive consumers to shop at the big box chain, while fewer people are buying fancy coffees or taking on home improvement projects, as Starbucks and Home Depot report sales declines.Inc. - Business -
'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars
Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.CNBC - Business -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
European utilities cut renewable targets as high costs and low power prices bite
Trend of scaling back and reviewing plans highlights difficult economics of transitioning away from fossil fuelsFinancial Times - Business -
Wendy's offers $3 breakfast combo to appease budget-conscious consumers
More fast-food chains and discount retailers are cutting prices as inflation-fatigued customers balk at high prices, hurting sales.CBS News - Top stories -
Fresh optimism over ether ETF approval that could send prices to new highs — and make way for other crypto funds
It seems more likely that a spot ether exchange-traded fund could arrive as early as this week amid a sudden change of stance by the U.S. Securities and Exchange Commission.MarketWatch - Business -
Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals
Target is cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgetsABC News - Top stories -
Eli Lilly stock hits new highs after a regulatory win in China. This is a big deal
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.CNBC - Business -
‘I’m weary of repeating myself’: How do I deal with rich friends who take $22,000 cruises and book $800 hotel rooms? Prices are crazy enough already.
“When one friend made a fuss over wanting to fly business class, I threatened to cancel completely.”MarketWatch - Business -
Behind the wheel of a $3 million car
The Hennessey Venom F5 is not just a sports car; its twin turbo V8 engine can muster more than 1,800 horsepower, almost twice that of a Formula 1 racing car. And yes, you can drive it on the street, for the cool price of $3 million. Correspondent ...CBS News - Top stories -
Consumer bureau case divides SCOTUS conservatives
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Conservative justices split on CFPB ruling The Supreme Court’s most conservative justices were divided this week over a decision to ...The Hill - Politics -
Corporate insiders at these companies are telling us that consumers are cruising
Executive and director buying supports these 9 travel, gaming and recreational boat stocks.MarketWatch - Business -
Is the move to electric cars running out of power?
There has been an unexpected slowdown in sales of electric cars. Could this be more than a blip?BBC News - Top stories -
Apple Makes It Easier to Stare at Your Phone in the Car
Plus: Sony Music tries to keep its catalog out of the clutches of AI, there’s a towering new Lord of the Rings Lego set, and Google’s new AI features march onto the web.Wired - Tech - Apple -
The Facebook Group Reuniting People With Their Stolen Cars
Pervasive auto theft in Portland is running up against the power of social media.The Wall Street Journal - World - Facebook -
10 best new cars for new college grads
These cars are all under $30,000, have top safety ratings, and at least one cool feature.MarketWatch - Business -
McLaren unveils Senna tribute car for Monaco GP
McLaren has unveiled the green, yellow and blue livery scheme it will run this weekend.ESPN - Sports -
Apple Slashes iPhone Prices in China
As chief Chinesecompetitor Huawei steps up competition, Apple offers huge discounts to stem sales slump.Inc. - Business - Apple -
Food price rises 'returning to normal'
Grocery price inflation falls to its lowest since October 2021 but shoppers are still buying own-brand goods.BBC News - Top stories -
Comcast releases pricing on 'StreamSaver' bundle
Comcast has made details public on how much its planned streaming bundle will cost consumers. For $15 a month, customers will get access to Peacock, Netflix and Apple TV+, the company announced Tuesday. No annual contract will be required, and the ...The Hill - Politics -
How fast are prices rising in the UK?
The rate at which prices are rising has fallen from record highs, but is still above the 2% target.BBC News - Top stories -
Supreme Court: Consumer Financial Protection Bureau funding doesn't violate Constitution
The Supreme Court has ruled the Consumer Financial Protection Bureau's funding practices do not violate the Constitution. CBS News legal contributor Jessica Levinson breaks down the ruling.CBS News - Top stories -
Supreme Court rules Consumer Financial Protection Bureau funding structure is legal
The Supreme Court decision protects the CFPB from the potentially crippling risk that Republicans in Congress will block annual funding for the agency.CNBC - Business -
Federal Consumer Financial Watchdog Survives Supreme Court Scrutiny
Justice Clarence Thomas, writing for a 7-2 court, said that Congress has wide discretion in structuring the way federal agencies are funded.The Wall Street Journal - World -
US Supreme Court rejects challenge to top consumer finance agency
Case had questioned the constitutionality of financing for the Consumer Financial Protection BureauFinancial Times - Business -
Supreme Court Upholds Consumer Finance Protection Bureau Funding Method
The way the agency--a target of a conservative attacks--gets money from the federal government does not violate the Constitution, the court rules in a 7-2 vote.Inc. - Business -
Democrats cheer after Supreme Court rejects challenge to consumer bureau
Democrats and financial industry critics celebrated Wednesday after the Supreme Court rejected a challenge to the Consumer Financial Protection Bureau's (CFPB) funding structure. “The United States Supreme Court follow the law, and the CFPB is ...The Hill - Politics -
What the Supreme Court Ruling Means for Other Consumer Bureau Actions
A score of court cases involving the Consumer Financial Protection Bureau can now proceed, but it is still likely to face legal challenges.The New York Times - Business -
Breaking down the Supreme Court's Consumer Financial Protection Bureau ruling
The Supreme Court rejected an effort Thursday to undermine the power of the Consumer Financial Protection Bureau. The agency was created after the 2008 financial crisis to protect consumers from unfair practices. CBS News legal contributor Jessica ...CBS News - Top stories -
Chinese Retailer Temu Under Fire From European Consumer Groups
Temu, the discount retailing app owned by Chinese e-commerce giant PDD Holdings, is facing consumer complaints that its business practices violate a new online content law in Europe.The Wall Street Journal - Business - China -
Some consumers are punting big purchases like pools and mattresses
There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy.CNBC - Business -
Some consumers are punting big purchases like pools and mattresses
Americans are kicking the can down the road on some more costly, traditionally financed purchases as elevated inflation and interest rates bite.NBC News - Top stories