Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.
Category: Prices (Fares, Fees and Rates)
Inside Novo Nordisk, the Company Behind Ozempic and Wegovy
Novo Nordisk’s factories work nonstop turning out Ozempic and Wegovy, its blockbuster weight-loss drugs, but the Danish company has far bigger ambitions.
Chinese Export Surge Clouds U.S. Hopes of a Domestic Solar Boom
The decision by a Massachusetts solar company to abandon plans to build a $1.4 billion U.S. factory highlights the risks amid a flood of Chinese clean energy exports.
Why Better Times (and Big Raises) Haven’t Cured the Inflation Hangover
Frustrated by higher prices, many Pennsylvanians with fresh pay raises and solid finances report a sense of insecurity lingering from the pandemic.
$17,000 to Watch the Masters? How Sports Entice Deep-Pocketed Fans.
Teams, leagues and event organizers are pursuing enthusiasts with the promise of luxury and exclusivity, in hopes of bigger profits and lasting loyalty.
Biden and Corporate America? It’s ‘Complicated.’
The president has courted executives with long listening sessions and sustained outreach, but frustrated many with his tax plans and regulations.
Why It’s So Expensive to Live in Phoenix
Arizona is a presidential election battleground state, and a dire shortage of affordable housing there is sowing economic anxiety among voters.
Inflation Ticked Up Last Month, Backing the Fed’s Caution on Rate Cuts
Consumer prices climbed 3.2 percent last month from a year earlier, down notably from a 9.1 percent high in 2022, but still quicker than the roughly 2 percent that was normal before the pandemic.
Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet
Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the timing hinges on data.
Brighter Economic Mood Isn’t Translating Into Support for Biden
Voters feel slightly better about the economy as inflation recedes, but partisan divides remain deep, a Times/Siena poll found.