Uber prices soar during the holiday season as the ride-sharing giant struggles to lure drivers back

Uber prices soar during holiday season as ride-sharing giant still struggles to lure drivers back behind the wheel following pandemic Uber has been forced to raise its prices following a drop in the number of drivers Pandemic led to a massive drop off with many switching to UberEats delivery Drivers still wary about returning to … Read more

Uber prices soar during the holiday season as the ride-sharing giant struggles to lure drivers back

Uber prices soar during holiday season as ride-sharing giant still struggles to lure drivers back behind the wheel following pandemic Uber has been forced to raise its prices following a drop in the number of drivers Pandemic led to a massive drop off with many switching to UberEats delivery Drivers still wary about returning to … Read more

Forecasters split on how high the Bank of Canada will push the next rate hike

The Bank of Canada is expected to increase interest rates once more this week, capping off a tumultuous year for the central bank.Justin Tang/The Canadian Press The Bank of Canada is expected to cap its tumultuous year with another interest-rate increase this week, although private-sector forecasters are split on how big the bank will go … Read more

Who are the eager beaver holiday shoppers unhindered by inflation? Gen Z

New York CNNBusiness — There’s at least one group of shoppers excitedly hitting malls this holiday season — and they don’t seem to be too bothered about pesky inflation eating into their discretionary dollars. They’re Gen Z. And the way they shop matters. This cohort of consumers born between 1997 and 2012 is among the … Read more

Three signs from today’s jobs report that suggest inflation will remain high

Friday’s jobs report showed the buzzing US economy is creating hundreds of thousands of jobs, suggesting rising prices are here to stay despite efforts by the Federal Reserve to contain them. The US added 263,000 jobs in November, according to the federal jobs report released Friday, far more than the 200,000-job gain economists expected to … Read more

Bank of Canada expected to deliver interest rate hike next week. How high will it go? – National

The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 percent, by either a quarter or half a percentage point next … Read more

Singapore and New York are the most expensive cities to live in: EIU

New York City, along with Singapore, is the most expensive city to live in, according to the Economist Intelligence Unit. Alexander Spatari | Moment | Getty Images Singapore has once again been ranked as the most expensive city to live in, sharing the top spot with New York City this year, according to the Economist … Read more

With ‘consistently high cost of living’, Singapore ranked world’s most expensive city for 8th time in a decade: Survey

The bi-annual survey, conducted between Aug 16 and Sept 16 this year, compares more than 400 individual prices across more than 200 products and services in 172 cities. EIU — the research and analysis division of the Economist Group, which also manages the Economist newspaper — said that the survey has been designed to enable … Read more

Number of Kiwis missing personal and home loan repayments increasing

Home loan arrears rose for the third month in a row, with 15,200 mortgage accounts currently past their due date. Photo / NZME More Kiwis are falling behind in their personal and home loans as signs of financial stress continue to grow under the weight of high inflation and a cost of living crisis. The … Read more

Inflation surprisingly eases last month as supply bottlenecks clear

Inflation eased slightly last month, according to new monthly Australian Bureau of Statistics (ABS) figures, however both businesses and economists say it may not have peaked just yet. Key points: The headline annual inflation rate eased from 7.3 percent in September to 6.9 percent in October Economists say inflation may be nearing a peak but … Read more