Oil prices fell and Swissquote Bank said the ample global supply against a weak global demand outlook remains supportive of bearish positions, adding that a solid resistance is being seen in the $70-72 a barrel range. Source link
A Walmart store in Martinez, California, US, on Monday, Nov. 18, 2024. Walmart Inc. is scheduled to release earnings figures on November 19. David Paul Morris | Bloomberg | Getty Images Walmart‘s CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect. “We never want to raise prices,” he said in an interview with CNBC on
Domestic energy prices are expected to edge up again in the New Year, according to consultancy Cornwall Insight. The forecaster, which is widely regarded for its accurate predictions, said a household using a typical amount of gas and electricity would pay £1,736 a year from January. That would be a £17 a year, or 1%, rise compared with a current typical annual bill of £1,717, with prices forecast to stay
Amazon has launched a new outlet called Haul which caps the price of products on sale at $20 (£15.79), in an effort to take on low-cost retailers Temu and Shein. The online shopping giant unveiled Haul as a mobile-only experience available in its Shopping app for US customers on Wednesday. It says shoppers can expect “crazy low prices” on Haul products that are “worth the wait” of up to two
Gold prices are on track for their worst weekly decline in more than three years, pressured down by profit-taking, a stronger U.S. dollar and waning interest rate cut hopes following Donald Trump’s victory in the U.S. election. Source link
Clare Smyrell Clare Smyrell says it feels “petty” to ban special offers on formula The high price of baby formula makes parents feel “punished” for not breastfeeding, mums and dads have told the BBC. The cost of baby milk has surged in recent years, while retailers in the UK are not allowed to advertise or offer discounts on infant formula because it might discourage breastfeeding. Parenting site Mumsnet says this
U.S. import prices register sharpest increase in six months Source link
European natural-gas prices continued to hover around their highest level this year on stronger demand and concerns over Russian flow disruptions. Source link
Wholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December, the Bureau of Labor Statistics reported Thursday. The producer price index, which measures what producers get for their products, increased a seasonally adjusted 0.2% for the month, up one-tenth of a percentage point from September though matching the Dow Jones consensus forecast. On a 12-month
Prices in shops and pubs will rise as a result of tax rises on businesses announced in the Budget, two bosses have warned. Andy Higginson, chair of JD Sports and the British Retail Consortium, which represents supermarkets, said tax increases from April, including a rise in National Insurance, would lead to a jump in costs for shoppers. Higher drinks prices could show in as little as six months, added Simon
