Category: Prices
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Wet weather drives UK retailers to slash prices in September
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UK retailers have announced the biggest drop in store prices in three years, as unseasonably wet weather in September prompted stores to offer deep discounts in a bid to attract shoppers. According to the latest figures from the British Retail Consortium (BRC) and NielsenIQ, shop prices fell by 0.6% year-on-year,…
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Gasoline prices in Israel to fall for third straight month
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From the beginning of 2024 until September 1, the maximum price of government-controlled 95 octane gasoline at self-service pumps would have risen by NIS 0.22 from NIS 6.94 at the end of 2023. The Ministry of Energy and Infrastructure announced that the maximum price of government-set 95 octane gasoline at…
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Royal jeweller cuts prices by 20% to counter impact of tourist tax
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Kiki McDonough, a favourite jewellery designer of Princess Diana, Kate Middleton and Queen Camilla, has cut the prices of her products by 20% in an attempt to offset the effects of the so-called “tourist tax”. This summer, McDonough offered the discount to American and Australian shoppers, aiming to soften the…
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Regulator stopped from fixing car insurance prices
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The Court of Appeal has barred the Insurance Regulatory Authority from setting minimum premium rates for motor vehicle insurance, saving customers the cost of doubling their underwriting fees. The Court of Appeal found that the Individual Retirement Administration’s 2009 auto insurance guidelines, which set the minimum premium at seven per…
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People’s Bank of China Governor says must support steady recovery of prices, economy
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Governor of the People’s Bank of China Pan Gongsheng: Monetary and fiscal policies must be coordinated. It should support a steady recovery in prices in the economy. By the end of the year, we may further reduce the RRR. After the reduction in the reserve requirement ratio, the weighted financial…
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3 reasons there are still higher prices to come for Gold – UBS target US$2700
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Gold hit an all-time high on Monday, and UBS is looking for more upside ahead. 1. The Fed’s recent 50 basis point rate cut has boosted enthusiasm for gold by lowering the opportunity cost of holding non-yielding assets. This is expected to be the start of a broader easing cycle,…
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Monday morning open levels – indicative forex prices – 23 September 2024
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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U.S. gasoline prices poised to drop below $3/gallon ahead of election, analysts say
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SlavkoSereda/iStock via Getty Images Crude oil futures ended a volatile week with modest gains, as the disruption of U.S. offshore production due to Hurricane Francine offset longer-term concerns about the demand outlook highlighted by OPEC, the U.S. Energy Information Administration and the Paris-based International Energy Agency, which all cut their…
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Home prices almost never fall
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There are three certainties in life: death, taxes, and ever-rising home prices. The latter is less certain, of course, because there have been moments in American history when prices have fallen, but they are rare. So much so that you can only pinpoint two recent eras when home prices have…
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Warren Buffett’s $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
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Occidental Petroleum shares have fallen 29% since mid-April, weighing on Warren Buffett’s stake in the company. This decline is in line with a 23% drop in crude oil prices due to concerns about demand and excess supply. Berkshire Hathaway’s $13 billion stake in Occidental Petroleum may be underwater, according to…
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Pyrethrum extract prices rebound to a record high on weak shilling
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The price of pyrethrum extract, the main product obtained from processing pyrethrum flowers, jumped 38.8 percent last year to an all-time high, due to the weak shilling. Data from the Agriculture and Food Authority shows that the average price per kilogram of the extract was Sh37,500 in 2023, up from…
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Room to hike Kors prices seen in Tapestry-Capri merger, executive testifies By Reuters
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Written by Siddharth Kavali NEW YORK (Reuters) – Fashion retailer Tapestry Holdings Inc has room to raise prices and cut discounts on rival Capri’s Michael Kors brand if the two companies merge, a top executive at the company said on Tuesday, as regulators seek to block the $8.5 billion deal.…
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Used EV prices have fallen far below gas vehicles
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The backlash against electric cars is on its way. As electric car manufacturers cut prices on new models, used electric cars are now 11% cheaper than gasoline models, According to iSeeCars data. A study of 1.6 million used cars (between one and five years old) sold between August 2023 and…
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Used EV prices have fallen far below gas vehicles
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The backlash against electric cars is on its way. As electric car manufacturers cut prices on new models, used electric cars are now 11% cheaper than gasoline models, According to iSeeCars data. A study of 1.6 million used cars (between one and five years old) sold between August 2023 and…
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Oil prices up since opening for the week – potential hurricane getting narrative love
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Oil prices up since opening for the week – potential hurricane getting narrative love
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Quant, Cardano prices spike; wallet activity hot: Santiment
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Cardano and Quant prices rose on Sunday, September 8, as the recent crypto selloff eased slightly. Quant (QNT) rose for the second day in a row, reaching a high of $70, its highest level since August 26. It is up more than 23% from its low point last week but…
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Quant, Cardano prices spike; wallet activity hot: Santiment
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Cardano and Quant prices rose on Sunday, September 8, as the recent crypto selloff eased slightly. Quant (QNT) rose for the second day in a row, reaching a high of $70, its highest level since August 26. It is up more than 23% from its low point last week but…
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Singapore’s Oil Party Spoiled by Falling Prices and China Gloom
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Breadcrumbs Path Links PMN Business The oil party isn’t over yet – but for the top traders and executives gathering for talks and cocktails on rooftops in Singapore this week, the euphoria that came with the huge profits of recent years is fast fading. Article author: Bloomberg News Serene Cheung…
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Solana, Jasmy prices brace for rare risky chart patterns
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Solana, JasmyCoin, and other altcoins continued their strong sell-off this week as the cryptocurrency fear and greed index fell. Solana and Jasmi in a bear market JasmyCoin (JASMY) dropped to a low of $0.01717, down more than 58% from its high this year, bringing its market cap to $908 million.…