Tag: prices
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BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices
June 22 : Gas station operators including BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart and Albertsons were sued on Monday by California drivers who accused them of using artificial intelligence to boost prices at the pump.According to a proposed class action, the defendants violated California’s main a
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Wall Street was once uber bullish on gold. Now it’s changing its tune
The June Fed meeting set a hawkish tone. Now, several Wall Street firms don’t believe gold will live up to their bullish targets.
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Bank of America expects three Fed hikes this year, says inflation is getting ‘unambiguously worse’
The bank’s economists reversed their position held as recently as last week that the central bank would stay on hold this year.
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Three reasons why a food-supply shock may be coming to Southeast Asia: Goldman Sachs
Higher input costs and a potential El Niño weather event are combining to increase the risk of significant food price inflation across Southeast Asia, according to a report from Goldman Sachs
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‘Regime change but in a velvet glove’: How Kevin Warsh has set out to remake the Fed
The first big announced changes point toward a quiet revolution, with task forces set up to rethink virtually everything done at the Fed.
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Massive bonuses for South Korea’s chip workers puts central bank on inflation alert
Workers from tech industries receive bonus worth millions of won, prompting the Bank of Korea to warn of the upward pressure to inflation.
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Toronto beer prices a test for German fans at World Cup
TORONTO, June 19 : For German fans trying to practice Sparsamkeit, or the art of careful spending, at the World Cup, the high beer prices in Toronto are proving a challenge.Hundreds of German fans arrived in Toronto via Houston on Friday to join fan parties ahead of Saturday’s game against Ivory Coast in Gro
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Japan rice prices fall for first time in 3.5 years
TOKYO: Rice prices in Japan finally fell in May for the first time in three and a half years, a government official said Friday (Jun 19), following sharp rises for the staple that put the government under huge pressure.Rice prices skyrocketed in 2024 and 2025 because of supply problems linked to multiple fact
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Hormuz relief may not ease the economic toll that’s already ‘baked in,’ analysts warn
Early signs of reopening of the Strait of Hormuz have lifted the most acute threat to global energy supplies but economic damages from the war will take months to unwind.
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U.S.-Iran accord hits early snag after Swiss talks fail to proceed as planned
Analysts reckon a lasting resolution to the Middle East conflict will take some time to materialize.
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