prices

Newsom under fire as California gas tax hike sends pump prices even higher

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NEWYou can now listen to Fox News articles! FIRST ON FOX: California motorists are set to pay even more at the pump starting Wednesday as another gas tax increase takes effect, prompting some of the state’s Republican lawmakers to warn that added costs will further squeeze residents already shouldering some of the highest fuel prices … Read more

Biden’s illegal immigration surge caused higher rent and home prices, Fed study finds

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NEWYou can now listen to Fox News articles! A new Federal Reserve working paper found the record surge in illegal immigration during the Biden administration came at a cost to one of the nation’s fiercest political debates: higher home prices and rent rates. The findings arrive as immigration remains a defining political issue, with Republicans … Read more

States seek to lower drug prices by targeting the companies that manage them for health plans

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TOPEKA, Kan. — As consumers worry about medication costs, states are trying to lower drug prices by reining in big companies that oversee prescription coverage for health insurers. Some of those companies, called pharmacy benefit managers, also own pharmacies, and one of them, CVS, has spent millions of dollars fighting the regulations. Affordability is a … Read more

Apple shares plunge after it hikes prices on iPads and laptops

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Apple shares fell sharply Thursday after the tech giant raised prices on a number of its signature products to make up for what it said were skyrocketing memory prices resulting from the AI boom. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. As of 2:00 p.m. ET, … Read more

Apple hikes Mac and iPad prices amid soaring chip costs. See the new pricing.

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Apple on Thursday said it is raising prices on MacBooks and iPads, blaming AI-driven demand for memory and storage that has sharply increased component costs. “We have never seen a component price increase this much, this quickly,” the company said in a statement shared with CBS News. “We have shielded our customers from these increases … Read more

The Fed’s preferred inflation gauge shows prices rising at fastest pace in 3 years

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The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — rose at a 4.1% annual rate in May, highlighting the central bank’s challenge in reining in prices. The reading matched economists’ forecasts for the PCE report to come in at 4.1% annually, according to financial data service FactSet. That compares with an … Read more