Bargain plane tickets are already pretty hard to get, and now, they’re only going to get more scarce as airlines scramble to deal with increased fuel costs nearing record highs. Executives at American Airlines, United Airlines and Southwest Airlines this week said they’re rethinking their least-profitable routes as jet fuel climbs to $4.71 per gallon,
Investment banking giant JP Morgan has said it is struggling to predict how oil prices will be impacted by the US-Iran war, telling investors in a rare note that “we simply don’t know how to model the endgame”. The bank said it assumed at the start of the conflict that there would be “economic red
Japan’s central bank has raised its main interest rate to a fresh 31-year high as it continues to move away from decades of ultra-low borrowing costs and as the country faces increasing economic pressures. In a widely expected move on Friday, the Bank of Japan (BOJ) increased the rate from 1% to 1.25% – a
Pfizer CEO Albert Bourla joined President Trump at the White House last year on Sept. 30 to announce a voluntary agrreement to reduce some prescription drug prices. One element aimed to lower prices in the taxpayer-funded Medicaid program, but the program is still being built, and details about which drugs will be discounted remain under
Saudi Arabia’s closure of a major oil pipeline after a recent attack is raising fears that global energy markets in crisis because of the war with Iran could face even starker shortages, pushing prices higher for fuel and other essentials. The largest oil producer in the Middle East closed its East-West pipelineon Friday after the attack, which it blamed on
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