Market is Price

UPDATE: Shortly before noon, police confirmed that the Hollywood Farmer’s Market suspected gunman was taken into custody. LAPD confirmed that the man had been firing a gun Sunday morning. No injuries were reported. EARLIER : Los Angeles television station KTLA reported a series of gunshots shut down the Hollywood Farmers’ Market Sunday morning around 7:30 AM. Witnesses described an “active shooter” situation, but no reports of injuries or deaths was immediately available. Los Angeles police received reports of a man with a handgun who fired “multiple rounds” in the 1600 block of Cosmo Street. Around 7:30 a.m., Los Angeles police received reports of a man with a handgun who had fired “multiple rounds” in the 1600 block of Cosmo Street. The Hollywood Farmers’ Market was closed for the investigation. A police helicopter was seen overhead, and around 9:20 AM, LAPD said there was an active standoff with a suspect who was throwing rocks from a balcony. A SWAT team was on the scene. ...

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As new-car prices rise and demand continues to outstrip supply, some dealers have been known to raise the price of their offerings, and some are doing it by tens of thousands of dollars. Some dealers are also placing orders with false names to increase their supply. Ford has been trying all year to get its dealers to stop overcharging customers by issuing stronger and stronger warnings. Last week, Ford had to update its definition of a "broker" and warned all of them that flipping a new vehicle for a large profit could result in not getting more of that model in the future. GM has had to issue similar warnings to its dealer network, and said this week that some warranties for popular models could no longer be transferred to a new buyer if the car was resold within the first year. Too many people are taking advantage of the new-car shortage by selling their own just-purchased, highly in-demand vehicles. In many cases, dealers are in on the actions, and affected automaker...

A Ferrari SF90 Stradale, one of the company’s first plug-in hybrid electric vehicles, was introduced in 2019. Photo: valery hache/Agence France-Presse/Getty Images Ferrari NV has been making luxury sports cars in the same factory in northern Italy for 75 years. The company’s hometown, Maranello, holds almost mythical status for motorheads, and is a pilgrimage destination for Ferrari owners and aspirational owners who arrive by the thousands every year. Now this paragon of tradition, style, quality and luxury is facing perhaps its biggest challenge ever: the shift to fully electric models. This evolution is a test for all of the car industry, but it has existential contours for Ferrari, which is steeped in tradition and made a name for itself with powerful, and loud, internal-combustion engines. To navigate this and a series of other challenges, Ferrari has turned to Benedetto Vigna, a car-industry outsider who took over as chief executive in September following mor...

In June 2021, Volkswagen was Russia’s fifth most popular car brand. It was selling tens of thousands of new vehicles a month, and the future looked rosy. Fast forward a year, and  reports  are beginning to emerge that the German auto giant is trying to sell its car assembly plant in the western Russian town of Kaluga. Along with most other major carmakers, Volkswagen announced that production at its Russian sites would be suspended in March 2022. Western sanctions imposed following Russia's invasion of Ukraine slammed the brakes on Russia’s car production, depriving manufacturers of the tools and materials needed on the production line. By May, only  two  of Russia’s 20 car plants were still working, and even they were operating at dramatically reduced capacity. Satellite images of the lot behind the Ford car plant in St Petersburg where new cars are stored showed it to be completely empty in July. If the reports are true, Volkswagen will be following in the foot...

Price reductions are becoming more common on homes for sale in the metro area, a sign that higher interest rates are cooling one of the hottest parts of the Twin Cities economy. In June, about 14% of active sellers cut the price of their house at least once, according to Zillow.com. That's still below the national average, but it's up from 10% in May and 7.6% in April. Since the mid-2010s, Twin Cities residential real estate has been a seller's market, and it's become more imbalanced in favor of sellers during the pandemic. But with the jump in mortgage rates that started early this year, buyers, sellers and agents have been watching for the market to start swinging back in buyers' favor. Data for May and June sales activity suggest it has — but only a little. "Sure, things are rebalancing in a way that hopefully eases the landscape for buyers, but we are still quite far from becoming a buyer's market," said David Arbit, director of research for t...

The nation’s biggest oil companies — ExxonMobil and Chevron — saw their profits roughly triple in the second-quarter as Russia’s war in Ukraine upended global energy markets and left consumers stretching to cover record high pump prices. On Friday, Exxon reported net income of $17.9 billion for the three months ended June 31 compared with $4.7 billion in the year ago period. Revenue came in at $111 billion, a 68 percent premium over the same period. Chevron, meanwhile, earned $11.6 billion, versus $3.1 billion in 2021. Sales hit $64 billion, up 80 percent from a year ago. The blockbuster results come a day after Europe-based Shell also posted record profits: The three, plus France’s TotalEnergies, collectively earned nearly $51 billion in the most recent quarter, nearly twice what they brought in during the same three months in 2021, according to Reuters . The staggering results are mostly tied to the West’s effort to punish Russia for the unprovoked attack on its neighbo...

Readers from around the world shared their strategies for protecting their retirement savings and how, or if, they’re adjusting their tactics. We measure the health of the economy as a whole by a few big numbers — interest rates, which the Federal Reserve raised by three-quarters of a point on Wednesday; gross domestic product , which we learned on Thursday had dropped for a second consecutive quarter; and the stock market , which has been bouncing around for months. But for people working toward retirement, or dreaming of it, the one number that matters most is closer to home: their own retirement savings. And the volatility in the big-picture numbers is connected, of course, to individual plans. The New York Times wanted to know how this uncertain moment is affecting you and how you were managing your retirement savings and investments. Hundreds of you around the world responded to our queries. Some readers had specific questions, such as when to take Social Security. But othe...

California plans to make its own insulin SACRAMENTO, Calif. (AP) - A vial of insulin cost $25 in 1995, back when Chris Noble was 5 years old and just learning how to manage his Type 1 diabetes with the help of his parents and his doctors. Nearly three decades later, Noble says that same vial of insulin costs more than $300 - a 12-fold increase for something he and millions like him can't live without. “It's as essential as water,” Noble said. Health care advocates have bemoaned for years that insulin, while inexpensive to produce, is held hostage by a U.S. health care system stubbornly resistant to reforms as companies monopolize and maximize profits. Now, with several insulin patents nearing their expiration dates, California is looking to disrupt that market by making its own insulin and selling it for a much cheaper price. Last month, after a few years of study, state lawmakers approved $100 million for the project, with $50 million dedicated to developing three types o...

In this article ETH.CM= BTC.CM= Bitcoin hovered around $24,000 on Friday, hitting a 6-week high as it continues to follow stock markets higher. The world's largest digital currency reached $24,412 on 2:30 a.m. ET on Friday, according to CoinDesk data, its highest level in more than six weeks. Bitcoin has since pared some of those gains and sat just above $24,000 in midday trading. Bitcoin's rally began after the Federal Reserve hiked interest rates on Wednesday , but signaled that the pace of such rises could slow. This sparked a rally in U.S. equities. Moves in cryptocurrencies have traded broadly in line with U.S. stocks of late, in particular tracking the tech-heavy Nasdaq, which has jumped sharply in the last two days. Other cryptocurrencies including ether were sharply higher on Friday. "Overall, I think markets have reacted positively to the Fed's comments and arguably have priced in most of the rate hikes," Vijay Ayyar, vice presiden...

Twitter is increasing the price of its subscription service, Twitter Blue, from $2.99 to $4.99 per month. Starting in October, existing subscribers will have to pay more. New users will currently have to pay the hiked rate. Apart from the U.S., the price hike is also applicable to other countries like Australia, Canada and New Zealand with new fees being 6.99 AUD (previously 4.49 AUD), 6.49 CAD (previously 3.49 CAD) and 6.49 NZD (previously 4.49 NZD). Chart of the new subscription prices for Twitter Blue. Image Credits: Twitter Subscribers get features like “undo send” that gives you the ability to fix a tweet in a certain time window, customized icons and navigation bar, the ability to change your profile picture to an NFT, ad-free articles within the Twitter Blue Publisher network and access to top articles shared by your network. Twitter informed subscribers about this price change via email over the last few days. “This change helps us continue to build some of the featur...

Saving Money / Food gilaxia / Getty Images/iStockphoto Beef — it’s what’s for dinner. If you can afford it . The price of meat has skyrocketed in recent years, beyond the already high 9.1% inflation rate . Learn: SNAP Updates To Know for Summer 2022 Find: Fed Raises Interest Rates 75 Basis Points Again in July – What Does The Increase Mean for You? According to Vox, animal products including milk, eggs and meat have seen some of the highest surges, with beef increasing by nearly 15% from April 2021 to April 2022. The American Farm Bureau Federation put those estimates even higher, reporting that people looking to buy meat for summer barbecues can expect a 17% price hike this year. And that’s a big pressure on many, as 2019 USDA data showed individuals consume roughly 55 pounds of beef annually. Bonus Offer: Open a new Citi Priority Account by 1/9/23 and earn up to a $2,000 cash bonus after completing required activities. The increases, and their impact on American famili...