Articles about Costs

• Oil prices dropped significantly, providing tailwinds for technology companies as lower energy costs reduce operational expenses and improve profit margins across the sector. • Constellation Research founder R 'Ray' Wang discussed the direct relationship between Big Tech performance and oil and gas pricing, highlighting how the energy market collapse supports tech stock rebounds. • The decline in energy costs removes a key headwind for capital-intensive tech operations and data centers, contributing to the broader market rally.

Health secretary and chef Robert Irvine claim Americans could eat healthier and more cheaply if they shopped betterSign up for the Breaking News US email to get newsletter alerts in your inboxThe first episode of the new Secretary Kennedy Podcast, produced by the US Department of Health and Human Services (HHS), opens with this quote from guest Robert Irvine, who creates meal plans for the US military: “We talk about food being expensive. If you’re buying expensive food, it’s expensive. But if you’re buying food and you know what to do with it, it’s not expensive.”The episode is titled Fixing America’s Food System – Robert Irvine, and features a 45-minute conversation with the HHS secretary, Robert F Kennedy Jr, the host of the show, and guest Irvine. Best known as a celebrity chef, Irvine has collaborated with the US military to launch Victory Fresh, a program that offers healthy grab-and-go meals on military bases, during the Biden administration. The program’s Biden-era origins are never acknowledged during the show. Continue reading...

Scheme cutting bills by up to 25% expanded to cover 10,000 firms, but they will not be paid until next yearRachel Reeves has announced an expansion of support for the most energy-intensive UK businesses, as they face soaring bills as a result of the Middle East conflict.The chancellor said the long-promised British Industrial Competitiveness Scheme (BICS) would be expanded to cover 10,000 companies, up from the 7,000 originally announced. Continue reading...

Governments spending $2.13bn annually on low quality food in public settings, report saysGet our breaking news email, free app or daily news podcastReptile remains, believed to be from a crocodile, have been found dumped on the side of the road in Adelaide.A spokesperson for the state’s environment and water department confirmed in a statement that department staff had “collected the remains of a reptile at Waterloo Corner.” They said:The remains, which were dumped on the side of the road at Coleman Road, will be analysed in an effort to confirm the species and any other information.“It is not currently known how the remains came to be located at the site.A different approach can increase the use of fresh, local produce, redirect spending to Australian farmers and producers, support the people working in public food service kitchens, and generate real benefits for Australia.Better public food procurement is not about spending more, it’s about spending smarter. The evidence is clear, public support is strong, and the solutions exist. Given the threat to our food system caused by the global fuel and fertiliser crisis, now is the moment for leadership. Continue reading...

• Truckload markets are tightening faster than anticipated, with freight costs now projected to increase 16–17% year over year in 2026, according to C.H. Robinson's April freight market update. • Capacity constraints and carrier attrition are driving the acceleration in transportation costs across North America. • The tighter capacity environment signals sustained pressure on logistics expenses for shippers as supply chain challenges persist into the second quarter.

PM appears to draw comparison between Russian and US leaders and calls for plan to restore shipping through strait of HormuzKeir Starmer has said he is “fed up” with the effect that Donald Trump’s actions in the Middle East are having on the British public, while appearing to draw a comparison between the US president to Vladimir Putin.Speaking to ITV’s Robert Peston on Thursday, the prime minister said: “I’m fed up with the fact that families across the country see their bills go up and down on energy, businesses’ bills go up and down on energy because of the actions of Putin or Trump across the world.” Continue reading...

Delta, United and JetBlue hiked rates even as Delta announced $1bn pre-tax profit in quarter ending JuneMiddle East crisis – live updatesSign up for the Breaking News US newsletter email Several major US airlines have raised their baggage fees in recent days, blaming ongoing volatility in oil markets caused by the US-Israeli war in Iran that has almost doubled jet fuel prices.On Tuesday, Delta followed the lead of United Airlines and JetBlue, which announced last week that they were hiking baggage prices because of the ongoing war. Continue reading...

• Rates of US adults skipping needed care due to unaffordable costs rose to 12.4% in 2024, up from declines seen 2019-2021. • Forgone care varies by state, insurance type, and chronic disease status, exacerbating health disparities nationwide. • Gallup polls identify healthcare costs as the top health issue, surpassing access and obesity concerns for Americans.

• A Gallup poll reveals 61% of Americans are 'extremely' or 'very' concerned about rising healthcare costs and insurance premiums, now topping all other domestic issues. • Concern spans parties: 89% of Democrats, 80% of independents, and 72% of Republicans express high worry over healthcare affordability. • The finding surpasses fears about the economy or inflation, highlighting healthcare as a unifying voter priority ahead of elections.

The average traditional funeral now costs £4,623 – up 1.3% since January – says report from Pure Cremation The war in Iran is pushing up the cost of living in the UK but it is also driving up the “cost of dying” as higher gas prices feed through to funerals.A new report says the average cost of a funeral in Britain is running ahead of inflation, with the war seemingly partly to blame as it has pushed up the price of gas used in crematoria. Continue reading...

Biggest rises were in vegetable oil and sugar prices, which increased by 5% and 7% respectivelyVisual guide to the Gulf fertiliser blockadeFood prices rose sharply in March as war in the Middle East drove up energy prices and freight costs around the world, a UN report says.An index of food commodity prices by the UN’s food and agriculture organisation increased by 2.4% in March, its second consecutive monthly rise. Continue reading...

Bank of England survey in March shows chief financial officers foresee 3.7% increase over coming yearBusiness live – latest updatesCompanies in the UK expect to raise their prices more rapidly over the coming months as the war in the Middle East drives up costs, Bank of England research shows.The Bank’s regular survey of more than 2,000 chief financial officers conducted last month, after the Iran conflict began, shows they now expect to raise their prices by 3.7% over the coming year. Continue reading...

• US healthcare costs for employers are forecasted to increase more than 9% in 2026, driven by regulatory changes, labor shortages, and rising demand. • Growing use of specialty drugs, particularly GLP-1 medications for weight loss and diabetes, significantly contributes to the cost surge. • Businesses face pressure to redesign benefits packages amid these economic pressures on public health spending.

Following the US-Israeli strikes on Iran, gas prices, grocery bills and mortgage rates have all climbed The US-Israel war against Iran has sent shockwaves through global markets, leaving many Americans grappling with a growing financial squeeze on everyday living costs.Following the US-Israeli strikes on Iran – prompting retaliatory attacks on US allies in the region and Iran’s decision to close the Strait of Hormuz, a critical maritime passage – costs have surged across the US. Gas prices, in particular, have spiked sharply, with the national average rising by roughly 30% over the past month. Grocery bills, mortgage rates and fertilizer costs have also climbed. Continue reading...

Exclusive: Pubs, restaurants and hotels warn of mounting pressure days before rates rises and higher wage bills take effectOne in five hospitality businesses fear collapse in the next 12 months, according to an industry-wide survey that comes days before rises in tax and employment costs kick in.From Wednesday, many pub, restaurant and hotel companies face the prospect of a higher bill for business rates paid to their local authority, while an increase in minimum wage thresholds takes effect on the same day. Continue reading...

• A new analysis identifies Louisiana and Kentucky as among the most stressed US states in 2026, with stress levels significantly influenced by geographic factors. • Rising healthcare costs are forcing residents to skip medical care, contributing to elevated stress levels across affected regions. • The stress disparities highlight how healthcare affordability challenges vary by state, with geographic and economic factors playing key roles in residents' wellbeing and access to care.

Yields on 10-year debt reach highest since the 2008 financial crisis, raising concerns of faster interest rate risesUK government borrowing costs have risen above 5% amid an intensifying global bond market sell-off fuelled by the Iran war.The yield – or interest rate – on 10-year debt hit its highest level since the 2008 financial crisis, rising 13 basis points to 5.081%, as investors acted on concerns about the economic fallout from the conflict. Continue reading...

Allan Leighton predicts food prices will inevitably rise as group’s full-year profits dive by a third to £764mAsda’s executive chair has called on the government to “stand up and start doing stuff” to support farmers and ease the price of fuel as he warned that food prices would inevitably rise as a result of the conflict in the Middle East.Allan Leighton said farmers were under pressure but the supermarket had so far received “a trickle of requests not an avalanche” of cost price increases from its suppliers, as they were under pressure from higher fertiliser, energy and fuel costs. Continue reading...

Electric buses are just 1% of the Australian fleet compared with 80% in urban China, a quarter in the Netherlands and 12% in the UKFollow our Australia news live blog for latest updatesSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereAs diesel climbs past $3 a litre amid fuel security concerns, transport advocates are calling for the rollout of electric buses across Australia to be prioritised.In Australia, just 1% of buses are electric, compared with 80% of the urban fleet in China, a quarter in the Netherlands and 12% in the UK. Continue reading...

UK clothing and homeware retailer working on assumption that war could last three monthsBusiness live – latest updatesNext has warned that the war in the Middle East will add £15m to its costs on the assumption it will last three months, adding that prices will have to go up if the conflict persists beyond that.The UK clothing and homeware retailer said it was currently offsetting the additional costs on fuel and air freight with savings elsewhere and it did not expect any affect on profits for the year ahead. Continue reading...

Rising inflation and unemployment mean effects of Iran war could be even worse than the post-Covid cost-of-living crisisGet our breaking news email, free app or daily news podcastAs diesel prices make history by passing $3 a litre in nearly every capital city around the country, the stresses of high fuel costs are beginning to show.Truckies are warning they will go out of business if they can’t renegotiate their contracts with customers; farmers are warning the same, telling families that food in our supermarkets could soon cost more. Continue reading...

• United Airlines Holdings (UAL) announced plans to reduce scheduled capacity by approximately 5% in the second and third quarters of 2026, citing economic pressures. • The airline's stock fell 1.95% in pre-market trading on Monday following the capacity reduction announcement. • The move reflects broader market concerns about supply chain disruptions and financial contagion stemming from escalating geopolitical tensions and rising energy costs impacting corporate profitability.

Company will assess whether drop to 186mph from 224mph will save money and help bring forward launchMinisters have told High Speed Two to consider running its trains at lower speeds, in an attempt to rein in the spiralling budget and begin operations as soon as possible.HS2 Ltd will assess whether limiting the speed to 186mph (300km/h) instead of 224mph could save money – potentially billions of pounds – and bring the railway into being earlier in the 2030s. Continue reading...

PM will chair Cobra meeting with key ministers and Bank of England on Monday, as experts warn of economic shockUK politics live – latest updatesMiddle East crisis – live updatesKeir Starmer has promised to look at using “every lever that’s available to the government” to help with the cost of living impacts of the US-Israel war against Iran, ahead of an emergency meeting with senior ministers later on Monday.The prime minister is to chair a meeting of the Cobra committee on Monday afternoon, joining Andrew Bailey, the governor of the Bank of England, as well as Rachel Reeves, the chancellor, and the energy secretary, Ed Miliband, among others, to discuss possible contingency measures. Continue reading...

• New national polls from KFF and West Health-Gallup show Americans cutting back on health care, including rationing medications, to afford rising costs affecting daily living and access. • Millions express worry about affording emergency services, routine visits, and prescription drugs, leading to dangerous health trade-offs. • US physicians report higher burnout, stress, and dissatisfaction than international peers, with female doctors at greater risk and shortages projected at 40,000 primary care doctors by 2036.

• A new report reveals that rising healthcare costs are forcing approximately 1 in 3 US adults to reduce basic spending on essentials like utilities, transportation, and prescription medications. • The financial strain is most severe among uninsured Americans, with about 62% reporting they have made trade-offs to afford medical costs, while nearly 3 in 10 insured Americans also report cutting back. • The impact spans income levels: approximately half of households earning $48,000 to $180,000 have delayed major life decisions because of healthcare costs, and one-third of those earning $180,000 to $240,000 report similar delays.

Closure of strait of Hormuz – a key fertilizer production and transportation route – has squeezed farmers as prices jumpRodney Bushmeyer has been farming as long as he can remember. Bushmeyer’s father was a farmer, as was his grandfather.The family-run Bushmeyer Farms in Illinois dates back more than 100 years, when his ancestors came to the US from Germany. They acquired the first 80 acres cost-free as homesteaders, cleared the land, and worked it. Continue reading...

Other delivery and transport companies such as Uber, DoorDash and Australia Post are weighing whether to charge moreFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastRideshare giant DiDi has raised its prices to cover soaring petrol costs, becoming one of the first major companies after the airlines to charge Australian consumers more as a result of the conflict in the Middle East.Uber, DoorDash and Australia Post were among the delivery and transport companies weighing whether to add charges, as small businesses hike fees. Continue reading...