Amazon is adding a five percent fuel and inflation surcharge to third-party sellers in the U.S., which accounts for at least half of all Amazon sales. The price increases will most likely be passed onto consumers as smaller retailers struggle to stay afloat. FedEx and UPS have also announced fuel surcharges.
Category Archives: business
Twitter board adopts poison-pill defense to block Elon Musk takeover
Twitter moved Friday to block tech baron Elon Musk’s proposed takeover of the social media company, adopting a strategy known as a “poison pill” that’s often
Passover foods are rising in price because of inflation and supply chain issues
Passover celebrations this week may be the costliest in years. Prices are increasing for matzo, chicken and gefilte fish due to high inflation, supply chain problems and the conflict in Ukraine.
Elon Musk's offer to buy Twitter raises 3 key questions
On Thursday, billionaire Tesla CEO Elon Musk announced he had made an offer to buy Twitter for $43 billion.
Key mortgage rate climbs to the highest level in more than a decade
Long-term U.S. mortgage rates continued to climb this week as the key 30-year loan rate reached 5 percent for the first time in more than a decade amid inflation.
Peloton is raising subscription fees while cutting prices for its bikes and other equipment
PelotonĀ is hiking the monthly fee for its on-demand fitness content for the first time ever, while it also slashes the prices of its Bike, Bike+ and Tread machines.
Toyota recalls 460,000 vehicles for stability control glitch
Toyota is recalling about 460,000 vehicles in the U.S. to fix a software problem that can inadvertently disable the electronic stability control system.
Biden highlights legislation targeting competition, inflation in North Carolina trip
President Biden will travel to Greensboro, N.C., to tout the benefits of legislation to strengthen manufacturing, target global competition and lower inflation.
Krispy Kreme offering a dozen donuts for the average cost of a gallon of gas
Krispy Kreme is cutting the cost of a dozen donuts by making it the same as the national average price for a gallon of gas every Wednesday for the next three weeks.
Homebuyers are hitting a wall as interest rates climb, inventory dwindles
Shortly after moving to South Florida for a new job with the U.S. military, Shannon Kaufman and his wife, Wendy, signed up for a whole other mission: buying a