How Income Inequality Has Erased Your Chance to Drink the Great Wines

Benchmark bottles were always a splurge. But an increasing concentration of wealth has put them out of reach for all but the richest connoisseurs.

#agriculture-and-farming, #bordeaux-france, #burgundy-france, #champagne-wine, #income-inequality, #luxury-goods-and-services, #prices-fares-fees-and-rates, #wines

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How Much Would Trump’s Coronavirus Treatment Cost Most Americans?

Even for those with insurance, surprise bills for things not covered can add up fast.

#coronavirus-2019-ncov, #health-insurance-and-managed-care, #patient-protection-and-affordable-care-act-2010, #prices-fares-fees-and-rates, #trump-donald-j

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Free the Apps!

Apple and Google have a virtual monopoly on distributing mobile apps — that’s bad for competition.

#android-operating-system, #antitrust-laws-and-competition-issues, #apple-inc, #computers-and-the-internet, #cook-timothy-d, #e-commerce, #epic-games, #google-inc, #mobile-applications, #mobile-commerce-and-payments, #prices-fares-fees-and-rates, #smartphones, #software, #suits-and-litigation-civil, #sweeney-tim-1970

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Many Hospitals Charge More Than Twice What Medicare Pays for the Same Care

The gap between rates set for private insurers and employers vs. those by the federal government stirs the debate over a government-run health plan.

#finances, #health-insurance-and-managed-care, #hospitals, #medicare, #patient-protection-and-affordable-care-act-2010, #prices-fares-fees-and-rates, #rand-corp, #regulation-and-deregulation-of-industry, #research, #united-states-politics-and-government, #your-feed-healthcare

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Help! My Very Direct Flight Added a Stop and So Many More Passengers

Sarah Firshein tries to resolve how a nonstop with seat selection became a packed “split flight,” with concerns over proper cleaning and an arrival two hours later than expected.

#airlines-and-airplanes, #allegiant-air, #american-airlines, #content-type-service, #delta-air-lines-inc, #flint-mich, #international-air-transport-assn, #orlando-fla, #prices-fares-fees-and-rates, #quarantine-life-and-culture, #rebates-and-refunds, #transportation-security-administration, #travel-and-vacations, #united-airlines

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How Companies Are Getting Speedy Coronavirus Tests for Employees

Intermediaries are finding labs with capacity for companies seeking to make sure workers are virus-free. But many employers choose to avoid the cost.

#coronavirus-2019-ncov, #labor-and-jobs, #laboratories-and-scientific-equipment, #medicine-and-health, #prices-fares-fees-and-rates, #tests-medical, #united-states, #workplace-hazards-and-violations

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Trump Issues Expansive Order Aimed at Lowering Drug Prices

The order expands on a presidential promise by trying to reduce the prices Medicare pays for prescription drugs, but experts said it was unclear whether the White House could carry out the directive.

#drugs-pharmaceuticals, #executive-orders-and-memorandums, #health-and-human-services-department, #health-insurance-and-managed-care, #medicare, #prices-fares-fees-and-rates, #trump-donald-j, #united-states-politics-and-government

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Coronavirus Tests Are Supposed to Be Free. The Surprise Bills Come Anyway.

Congress sought to ensure that patients would not face costs connected to the virus. But rules are not always being followed.

#consumer-protection, #coronavirus-2019-ncov, #health-insurance-and-managed-care, #prices-fares-fees-and-rates, #tests-medical

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Looking to Buy a Used Car in the Pandemic? So Is Everyone Else

Eager to avoid public transit and Uber, and to save money, buyers are emptying dealerships.

#advertising-and-marketing, #automobiles, #consumer-behavior, #coronavirus-2019-ncov, #factories-and-manufacturing, #personal-finances, #prices-fares-fees-and-rates, #sports-utility-vehicles-and-light-trucks, #used-cars

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Inflation Is Higher Than the Numbers Say

While government statistics say inflation is low, the reality is that the cost of living has risen during the pandemic, especially for poorer Americans.

#bureau-of-labor-statistics, #consumer-price-index, #coronavirus-2019-ncov, #costco-wholesale-corporation, #delivery-services, #discount-selling, #discrimination, #e-commerce, #harvard-university, #inflation-economics, #instacart, #klenow-peter, #prices-fares-fees-and-rates, #quarantines, #shopping-and-retail, #shortages, #social-security-us, #twitter, #united-states-economy, #university-of-michigan

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To Fight Apple and Google’s Grip, Fortnite Creator Mounts a Crusade

Tim Sweeney, chief executive of Epic Games, the maker of Fortnite, has railed against tech power. “The market is out of control,” he said.

#antitrust-laws-and-competition-issues, #apple-inc, #computer-and-video-games, #computers-and-the-internet, #epic-games, #google-inc, #google-play, #mobile-applications, #mobile-commerce-and-payments, #prices-fares-fees-and-rates, #software, #suits-and-litigation-civil, #tim-sweeney

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Trump Keeps Promoting a Drug Order That No One Has Seen

The president’s campaign has made his efforts to lower prescription drug prices a centerpiece of his re-election pitch, but the executive order remains unseen.

#drugs-pharmaceuticals, #executive-orders-and-memorandums, #international-trade-and-world-market, #political-advertising, #presidential-election-of-2020, #prices-fares-fees-and-rates, #trump-donald-j, #united-states-politics-and-government

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How Much Is an Album Worth in 2020: $3.49? $77? $1,000? Maybe $0

It depends who’s selling. As some artists release records that feel like footnotes to bigger businesses, others double down on their value.

#audio-recordings-downloads-and-streaming, #ferreira-rory-rap-ferreira, #music, #nipsey-hussle-1985-2019, #prices-fares-fees-and-rates, #radiohead-music-group, #rap-and-hip-hop, #run-the-jewels-music-group, #wu-tang-clan

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California Expresses Frustration as Blackouts Enter 4th Day

The agency that manages the state’s electric grid says rolling blackouts are needed to balance supply and demand. But the governor said regulators were not prepared.

#california, #california-independent-system-operator, #electric-light-and-power, #federal-energy-regulatory-commission, #newsom-gavin, #pacific-gas-and-electric-co, #politics-and-government, #power-failures-and-blackouts, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry

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Rolling Blackouts in California Have Power Experts Stumped

Managers of the electric system argue that a lack of power prompted the decision to enact blackouts, though demand this weekend fell short of the state’s peak years.

#california, #california-public-utilities-commission, #electric-light-and-power, #pacific-gas-and-electric-co, #power-failures-and-blackouts, #prices-fares-fees-and-rates, #san-diego-gaselectric, #southern-california-edison-sce, #weather, #wildfires

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Looming Fee Increase Could Thwart Many U.S. Citizenship Applications

The Trump administration is planning a sharp increase in the cost of naturalization this fall. Critics say it is part of a pattern intended to discourage immigration from poor nations.

#budgets-and-budgeting, #citizenship-and-immigration-services-us, #citizenship-and-naturalization, #coronavirus-2019-ncov, #cuccinelli-kenneth-t-ii, #homeland-security-department, #immigration-and-emigration, #prices-fares-fees-and-rates, #trump-donald-j, #united-states-politics-and-government

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How Apple’s 30% App Store Cut Became a Boon and a Headache

App makers like the game company Epic and the music service Spotify are challenging Apple’s right to a large cut of their sales. Regulators have taken notice.

#antitrust-laws-and-competition-issues, #apple-inc, #e-commerce, #epic-games, #google-inc, #mobile-applications, #mobile-commerce-and-payments, #prices-fares-fees-and-rates, #spotify

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Delta Air Lines Bought an Oil Refinery. It Didn’t Go as Planned.

Delta’s foray into oil refining illustrates some of the reasons the business was in trouble even before the pandemic.

#airlines-and-airplanes, #anderson-richard-h, #bastian-edward-h, #coronavirus-2019-ncov, #delta-air-lines-inc, #oil-petroleum-and-gasoline, #pennsylvania, #prices-fares-fees-and-rates, #refineries

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Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank

The coronavirus pandemic took a major toll on the oil giant’s earnings, but Aramco will maintain its hefty dividend for shareholders.

#company-reports, #coronavirus-2019-ncov, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #saudi-arabia, #saudi-aramco

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A Hospital Forgot to Bill Her Coronavirus Test. It Cost Her $1,980.

Send us your medical bills. We’ll use them to investigate hospital and doctor billing practices.

#coronavirus-2019-ncov, #health-insurance-and-managed-care, #hospitals, #prices-fares-fees-and-rates, #tests-medical

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How to Navigate the Coronavirus Real Estate Market

Suburbs and fashionable exurbs are hot, but don’t forget that home prices have fallen before, a Nobel laureate warns.

#banking-and-financial-institutions, #community-reinvestment-act, #coronavirus-2019-ncov, #credit-and-debt, #immigration-and-emigration, #inflation-economics, #interest-rates, #mortgages, #presidential-election-of-2012, #presidential-election-of-2020, #prices-fares-fees-and-rates, #real-estate-and-housing-residential, #recession-and-depression, #subprime-mortgage-crisis, #suburbs, #united-states, #united-states-economy, #united-states-politics-and-government

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Their Businesses Went Virtual. Then Apple Wanted a Cut.

After Airbnb and ClassPass began selling virtual classes because of the pandemic, Apple tried to collect its commission on the sales.

#airbnb, #antitrust-laws-and-competition-issues, #apple-inc, #classpass-inc, #computers-and-the-internet, #coronavirus-2019-ncov, #e-commerce, #mobile-applications, #prices-fares-fees-and-rates, #proton-technologies-ag

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As He Woos Drugmakers on Virus, Trump Demands Drug Price Controls

President Trump is trying to revive a 2016 campaign promise to control the rising price of medicines, but new executive orders are coming when he needs drugmakers to deliver coronavirus treatments.

#coronavirus-2019-ncov, #drugs-pharmaceuticals, #executive-orders-and-memorandums, #presidential-election-of-2020, #prices-fares-fees-and-rates, #trump-donald-j, #united-states-politics-and-government

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A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks

The Dodd-Frank financial law succeeded at making banks safer, but empowered shadowy corners of finance that nearly wrecked the system in March.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #federal-reserve-system, #financial-stability-oversight-council, #government-bonds, #hedge-funds, #mnuchin-steven-t, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #stocks-and-bonds, #treasury-department, #united-states-economy, #united-states-politics-and-government

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Why It’s Unusual That The U.S. Committed to Buying Millions of Coronavirus Vaccine Doses

Besides the fact that there’s no coronavirus vaccine yet, the government usually lets the private sector handle it.

#coronavirus-2019-ncov, #drugs-pharmaceuticals, #government-contracts-and-procurement, #pfizer-inc, #prices-fares-fees-and-rates, #vaccination-and-immunization

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Facing Financial Crisis, New York’s MTA Subway Braces For Deep Cuts

The transit agency will announce budget cuts on Wednesday. Officials are hoping federal assistance will help ease the crisis that the pandemic has created.

#budgets-and-budgeting, #coronavirus-2019-ncov, #federal-aid-us, #foye-patrick-j, #layoffs-and-job-reductions, #manhattan-institute, #metropolitan-transportation-authority, #new-york-city, #new-york-university, #prices-fares-fees-and-rates, #reinvent-albany, #riders-alliance, #subways, #transit-systems

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Chevron Deal for Oil and Gas Fields May Set Off New Wave of Mergers

With a $5 billion play for Noble Energy, the oil giant is set to acquire properties around the world for a relative bargain. Other companies might make similar moves.

#chevron-corporation, #company-reports, #coronavirus-2019-ncov, #mergers-acquisitions-and-divestitures, #natural-gas, #noble-energy-inc, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #shale, #stocks-and-bonds, #wirth-michael-k

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NBC Starts Streaming With a TV-Style Platform, Peacock

The service will challenge Netflix with a digital version of channel-surfing and lots of what one executive calls “comfort-food TV.”

#comcast-corporation, #everybody-loves-raymond-tv-program, #nbcuniversal, #peacock-services, #prices-fares-fees-and-rates, #quarantines, #strauss-matt-television-executive, #television, #the-office-tv-program, #united-states, #video-recordings-downloads-and-streaming, #web-original-programming

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At a Time of Financial Stress, 401(k) Fees Matter More Than Ever

These expenses always eat away at savings balances, but as the pandemic drags on, savers should be especially aware of how to keep them down.

#401k-403b-and-457-plans, #calculators, #content-type-service, #mutual-funds, #pensions-and-retirement-plans, #personal-finances, #prices-fares-fees-and-rates, #retirement, #stocks-and-bonds

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Sutter Health’s Request to Delay $575 Million Settlement Is Denied

The large California hospital system wanted to postpone an agreement reached in a state antitrust case, as coronavirus cases rise.

#antitrust-laws-and-competition-issues, #becerra-xavier, #california, #coronavirus-2019-ncov, #federal-aid-us, #health-insurance-and-managed-care, #hospitals, #petris-nicholas-c-center, #price-gouging, #prices-fares-fees-and-rates, #sutter-health, #your-feed-healthcare

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Stocks Generate Big Gains and Bigger Questions

A powerful rally during drastically deteriorating economic conditions has left the market richly valued and facing great uncertainty.

#banking-and-financial-institutions, #brazil, #citigroup-inc, #cnbc, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings, #credit-and-debt, #europe, #federal-reserve-system, #house-of-representatives, #inflation-economics, #interest-rates, #japan, #latin-america, #morningstar-inc, #personal-finances, #prices-fares-fees-and-rates, #quarantines, #recession-and-depression, #second-quarter-2020, #senate, #shutdowns-institutional, #standardpoors-500-stock-index, #stocks-and-bonds, #unemployment, #united-states-economy, #united-states-politics-and-government, #university-of-california-los-angeles

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A Fair Wage and Ownership for Immigrants

Can a sophisticated platform cooperative help minimize exploitive working conditions in the gig economy, even during the pandemic?

#coronavirus-2019-ncov, #coronavirus-reopenings, #coronavirus-risks-and-safety-concerns, #entrepreneurship, #immigration-and-emigration, #labor-and-jobs, #minimum-wage, #prices-fares-fees-and-rates, #protective-clothing-and-gear, #wages-and-salaries, #workplace-hazards-and-violations

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Our Cash-Free Future Is Getting Closer

The pandemic is propelling a shift toward a cashless society in ways that no other single event has. Experts say that’s not necessarily a good thing.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #credit-cards, #currency, #e-commerce, #europe, #paris-france, #prices-fares-fees-and-rates, #quarantines, #shopping-and-retail

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Will We Be Hostages to Drug Makers’ Covid Vaccine Pricing?

The United States is the only developed nation unable to balance cost, efficacy and social good in setting prices.

#biomedical-advanced-research-and-development-authority, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #food-and-drug-administration, #gilead-sciences-inc, #health-insurance-and-managed-care, #inventions-and-patents, #medicare, #national-institutes-of-health, #prices-fares-fees-and-rates, #vaccination-and-immunization

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Immigration Officers Face Furloughs as Visa Applications Plunge

Nearly 70 percent of U.S. Citizenship and Immigration Services employees will be furloughed because the immigration processing fees that fund the agency have plummeted.

#asylum-right-of, #budgets-and-budgeting, #citizenship-and-immigration-services-us, #citizenship-and-naturalization, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #foreign-students-in-us, #foreign-workers, #government-employees, #green-cards-us, #homeland-security-department, #house-of-representatives, #immigration-and-emigration, #labor-and-jobs, #layoffs-and-job-reductions, #prices-fares-fees-and-rates, #senate, #trump-donald-j, #united-states-politics-and-government

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Two Friends in Texas Were Tested for Coronavirus. One Bill Was $199. The Other? $6,408.

It’s an example of the unpredictable way health prices can vary for patients who receive identical care.

#austin-tex, #coronavirus-2019-ncov, #health-insurance-and-managed-care, #prices-fares-fees-and-rates, #tests-medical

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Most Coronavirus Tests Cost About $100. Why Did One Cost $2,315?

U.S. health care prices are unregulated, opaque and unpredictable. When Congress required insurers to cover Covid-19 testing, a few providers decided to take advantage.

#coronavirus-2019-ncov, #health-insurance-and-managed-care, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry, #tests-medical

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BP Prepares for a Future That Needs Less Oil

The energy giant said its oil and gas assets were worth less, a move reflecting broad changes in the industry.

#bp-plc, #coronavirus-2019-ncov, #global-warming, #looney-bernard, #natural-gas, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates

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You Now Get Almost Nothing for Your Money, but It Could Be Worse

In this crisis, money is priceless, yet banks and money market funds will pay you close to zero in interest for years. That’s if everything turns out well.

#asset-allocation-personal-finances, #banking-and-financial-institutions, #blackrock-inc, #crane-peter-g, #credit-and-debt, #federal-deposit-insurance-corp, #federal-reserve-system, #fidelity-investments, #finances, #interest-rates, #money-market-accounts, #mutual-funds, #nonprofit-organizations, #pensions-and-retirement-plans, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry, #stocks-and-bonds, #subprime-mortgage-crisis, #t-rowe-price-group-inc, #vanguard-group-inc

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As Energy Prices Tumble, Developing Countries Trim Subsidies

Trying to cut spending as the pandemic reduces tax revenue, governments are finding it easier to lift restraints on what consumers pay for fuel.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #ecuador, #electric-light-and-power, #energy-and-power, #india, #international-energy-agency, #nigeria, #oil-petroleum-and-gasoline, #politics-and-government, #prices-fares-fees-and-rates, #taxation

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As Diners Flock to Delivery Apps, Restaurants Fear for Their Future

While the apps say they are saving them in the pandemic, many restaurateurs say the opposite.

#car-services-and-livery-cabs, #coronavirus-2019-ncov, #delivery-services, #doordash-mobile-app, #favor-delivery-neighborfavor-inc, #grubhub-inc, #maloney-matt-m-1975, #prices-fares-fees-and-rates, #quarantine-life-and-culture, #restaurants, #shutdowns-institutional, #uber-eats

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OPEC and Russia Agree to Extend Oil Production Cuts

The original deal would have allowed increases starting next month. The new pact reflects producers’ concerns that the oil market could fall apart again.

#coronavirus-reopenings, #iraq, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #prices-fares-fees-and-rates, #production, #russia, #saudi-arabia

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Pilgrim’s Pride Chief Executive Is Accused of Price Fixing

The charges are the first in a Justice Department investigation involving several other major chicken producers.

#antitrust-laws-and-competition-issues, #chickens, #perdue-farms-inc, #pilgrims-pride-corp, #prices-fares-fees-and-rates, #sanderson-farms-inc, #tyson-foods-inc

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Coronavirus Turns a Spanish Sea Delicacy Back Into Daily Fare

With high-end restaurants closed, the price of prawns has tumbled, allowing fishmongers to pick up the shellfish at a discount and offer them to a much broader clientele.

#catalonia-spain, #chefs, #cooking-and-cookbooks, #coronavirus-2019-ncov, #paco-perez, #prices-fares-fees-and-rates, #quarantine-life-and-culture, #restaurants, #spain

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Pandemic Forces Car Dealers to Do the Unthinkable: Sell Online

Dealerships have long resisted e-commerce, but with many showrooms closed, the dynamic is changing.

#automobiles, #autonation-inc, #carvana-co, #computers-and-the-internet, #consumer-behavior, #coronavirus-2019-ncov, #e-commerce, #honda-motor-co-ltd, #new-york-city, #paragon-honda-queens-ny, #prices-fares-fees-and-rates, #shutdowns-institutional, #tesla-motors-inc

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HBO Max Wants to ‘Crush’ Netflix. Is It Too Late?

AT&T’s streaming platform goes live on Wednesday. At $15 a month, it’s more expensive than its rivals and comes at a time when household income is dropping.

#att-inc, #computers-and-the-internet, #home-box-office, #media, #prices-fares-fees-and-rates, #stankey-john-t, #telephones-and-telecommunications, #television, #television-sets-and-media-devices, #time-warner-inc, #video-recordings-downloads-and-streaming, #warner-media-llc, #web-original-programming, #wireless-communications

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