Costs

Gas prices threaten Memorial Day road trips as pump costs hit historic highs

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NEWYou can now listen to Fox News articles! Americans traveling this Memorial Day weekend will face some of the highest gas prices in history. Despite the soaring costs due to the ongoing conflict in Iran causing shipping bottlenecks and blockades, AAA expects more than 39 million people to hit the roads over the holiday weekend. … Read more

Airline miles may not go as far as the Iran war drives up fuel costs and summer fares

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NEW YORK — First, the bad news. Users of credit cards that accrue airline miles and points toward various travel perks are likely to find their balances won’t take them as far this summer. As jet fuel prices have jumped during the Iran war, so have the cost of airline tickets and fees for checking … Read more

Trump will ease refrigerant rule in effort to address surging grocery costs

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WASHINGTON — The Trump administration is set to loosen a federal rule that requires grocery stores and air-conditioning companies to reduce greenhouse gases used in cooling equipment, in what officials say is a push to lower grocery costs. The head of the Environmental Protection Agency, Lee Zeldin, said the Biden-era rule imposes costly restrictions that … Read more

Walmart says U.S. consumers are under pressure from rising costs

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U.S. consumers are struggling with rising costs — and many are heading to Walmart. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The big-box retailer reported Thursday that its revenue rose 7.3% to $177.8 billion in the first quarter, and same-store U.S. sales grew 4.1%, thanks in part … Read more

Trump’s China trip underway as Americans grapple with higher costs

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Trump’s China trip underway as Americans grapple with higher costs – CBS News Watch CBS News President Trump arrived in Beijing on Wednesday for a summit with Chinese President Xi Jinping. Mr. Trump’s trip comes as Americans face higher costs for gas, food and more. CBS News’ Anna Coren and Samantha Vinograd report. Source link

Businesses are facing rising costs during the Iran war, and economists expect more strains ahead

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NEW YORK — Costs are piling up for businesses during the U.S. and Israel’s war against Iran — and many economists see a bleak outlook, with some bracing for a downturn in hiring and investment in the coming months. Nearly half of American business economists who responded to a survey by the National Association for … Read more

Are the Trump administration’s efforts to lower drug costs working?

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President Trump has made cutting drug prices a centerpiece of his second term. He’s announced deals with major drug companies and launched TrumpRx, where cash-paying patients could find discounted medicines. But a new analysis finds that the reality is more complicated. CBS News medical correspondent Dr. Céline Gounder has more. Source link

That discount at the pharmacy counter may pack hidden costs

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Next time you go to the pharmacy, you might be offered a coupon on your prescription drugs. While it may sound like a great deal — with the prospect of saving hundreds of dollars — the decision to accept it is complicated, especially for people with insurance. Even as prescription drug costs rise, patients with … Read more