costs

The Costs Of Erdogan’s Fight For Turkey’s ‘Economic Independence’

Business / By

Turkey’s consumer prices have soared by the highest rate since 2002, further undermining President Recep Tayyip Erdogan’s unorthodox battle for his developing country’s “economic independence”. Analysts attribute the jump of the official reading to 36.1 percent last month to the surging cost of imports, which range from energy to many of the raw materials Turkey’s …

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United Airlines loss bigger than feared on higher fuel costs, capacity slide

Business, Top News / By

FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren April 19, 2021 (Reuters) -United Airlines on Monday reported a bigger-than-expected $2.4 billion adjusted net loss for the first quarter, as fuel costs rose and the …

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GM offers clues to technology aimed at slashing EV battery costs

Politics, Top News / By

FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook April 8, 2021 By Paul Lienert (Reuters) – General Motors Co is testing a variety of battery chemistries, technologies and manufacturing processes aimed at slashing the cost of future electric …

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House Committee: National Guard No Longer Needed at Capitol as Costs Increase

Politics, Top News / By

The top Democrat and top Republican on the House Armed Services Committee both said they want to see National Guard troops who were deployed at the Capitol return home in the near future as deployment costs have increased to more than $500 million so far. “As the U.S. Capitol Police continues to build its personnel …

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Analysis: Prices lurch higher as Home Depot, other importers battle surging cargo, commodity costs

Politics, Top News / By

FILE PHOTO: Ships and shipping containers are pictured at the port of Long Beach in Long Beach, California, U.S., January 30, 2019. REUTERS/Mike Blake February 23, 2021 By Lisa Baertlein (Reuters) – As Home Depot heads into its busy spring project season – when shoppers build backyard decks and buy patio furniture – it is …

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Biden’s $15 Minimum Wage Would Raise Childcare Costs, Hurt Families: Heritage Foundation

Politics, Top News / By

The author of a new study on the impact of a $15 federal minimum wage on childcare costs said that while the move will boost the incomes of some lower wage workers, it will increase childcare costs across the country by as much as 43 percent in some states. Rachel Greszler, a research fellow in …

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U.S. labor costs rise solidly in the fourth quarter

Economy, Top News / By

FILE PHOTO: Construction workers on the job at a residential project during the outbreak of the coronavirus disease (COVID-19) in Encinitas, California, U.S., July 30, 2020. REUTERS/Mike Blake January 29, 2021 WASHINGTON (Reuters) – U.S. labor costs increased more than expected in the fourth quarter amid a jump in wages, supporting views that inflation …

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Sen. Romney: Costs of Biden’s $1.9T COVID plan are ‘shocking’

Politics, Top News / By

WASHINGTON, DC – JANUARY 20: Sen. Mitt Romney (R-Utah) is seen prior to the 59th Presidential Inauguration for President-elect Joe Biden and Vice President-elect Kamala Harris on January 20, 2021 in Washington, DC. (Photo by Greg Nash – Pool/Getty Images) OAN NewsroomUPDATED 3:45 PM PT – Sunday, January 24, 2021 Sen. Mitt Romney (R-Utah) is …

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Higher costs, weak revenue cloud Citi’s quarterly profit beat

Business, Top News / By

FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar/Files January 15, 2021 By Ambar Warrick and Imani Moise (Reuters) – Citigroup Inc reported fourth-quarter profit that beat market expectations on Friday, but that failed to impress Wall Street as higher costs …

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