Such an imbalance may cost Kiev and its Western allies dearly, the paper warns The fact that the smaller kamikaze drones used by Russia are much cheaper than the Ukrainian air defense missiles used against them is creating problems for Kiev and its Western backers, the New York Times has acknowledged. In an article on … Read more
With grocery prices up sharply from a year ago, Thanksgiving is hitting households a lot harder this year. Per-pound prices for turkey, the holiday’s biggest staple, are up 17% year over year, according to the latest inflation data. Turkey is forecast to be 23% pricier in the fourth quarter due to both inflation and … Read more
While eating out is typically more costly than dining at home, going to a restaurant could be a relative bargain this Thanksgiving compared with high grocery store prices. Restaurant prices are also elevated, but they have risen at a slower pace. The cost of food at restaurants and other vendors is up 5.8%, compared to … Read more
In a third-quarter earnings interview dominated by talk of advertising, top Netflix execs described it as a “sprint” to capture “a whole new audience” and a bid to woo advertisers affected by “the collapse of linear television.” COO Greg Peters, who is leading the ad push, was asked by moderator and J.P. Morgan analyst Doug … Read more
It could be cheaper to take an international trip this Thanksgiving holiday than to fly much shorter distances within the U.S. For example, it will cost roughly the same amount — $476 — to travel from New York to Reykjavik, Iceland, as it would to fly from New York to Milwaukee, Wisconsin, according to Kayak, … Read more
Shares of Nike Inc. plunged as much as 10% after hours Thursday, after the athletic-gear giant’s executives said price-cutting efforts to flush off-season clothing from warehouses in North America would dent gross margins for the rest of its fiscal year and warned of a big potential hit from the stronger dollar. Management also said they … Read more
Russia’s budget surplus all but disappeared over the summer, according to data published by the Russian finance ministry this week. At the end of June, the surplus stood at 1.37 trillion rubles ($23 billion); by the end of August it had fallen to just 137 billion ($2.3 billion.) Revenues are under pressure. Oil is traditionally … Read more
WARREN, Mich. (AP) — Even though battery costs are rising, auto companies are rolling out more affordable electric vehicles that should widen their appeal to a larger group of buyers. The latest came Thursday from General Motors, a Chevrolet Equinox small SUV with a starting price somewhere around $30,000 and a range-per-charge of 250 miles … Read more
The electric car company completed a 3-for-1 stock split after the closing bell Wednesday. So one share now costs a third of what it did a day ago. Tesla (TSLA) closed around $891 on Wednesday, which means it was trading a little under $300 Thursday. Tesla approved the split in June, its second such split … Read more
As it transitions to new ownership, the CW will likely not look dramatically different in the near term, but Nexstar Media Group intends to turn it into a more broad-audience and cost-conscious broadcast network. The company earlier today confirmed it is set to take a 75% ownership stake in the network, with previous 50-50 owners … Read more