inflation

Travel costs fell in July. Here’s how you can score a good deal

Fluxfactory | E+ | Getty Images Travelers saw prices fall for big ticket parts of their holiday budgets in July, providing at least a temporary reprieve after rising costs earlier this year. Airfare fell nearly 8% from June to July, while prices for rental cars and accommodations such as hotels fell 9.5% and about 3%, …

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Florida’s plan to prop up insurance companies facing downgrades risks

Amid the collapse of the home insurance market, Florida is taking action to ensure that homeowners have enough home insurance coverage to meet mortgage requirements even if their insurance companies drop them. That means thousands of homeowners won’t have to scramble to find new insurance companies, especially in the middle of what’s supposed to be …

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“The recession is coming faster than expected” – reinsurance economist

Two weeks ago, the Bank of Canada raised its key interest rate by one percentage point to 2.5% to curb inflation, the largest increase in 24 years. Inflation in Canada reached 8.1% in the year to June, its highest level in nearly three decades. Meanwhile, the US consumer price index rose to 9.1% in June, …

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Semiconductor bill unites Sanders, right — in opposition | technology

By KEVIN FREAKING – Associated Press WASHINGTON (AP) — A bill to boost semiconductor production in the United States has managed to do the almost unthinkable — unite Sen. Bernie Sanders and the fiscally conservative right. The bill passing the Senate is a top priority of the Biden administration. It would add about $79 billion …

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Business highlights: High oil prices, Tesla earnings

___ High oil prices squeeze truckers, farmers, consumers NEW YORK (AP) — High oil prices are driving up the cost of everything from groceries to Amazon orders and furniture. That’s because almost everything delivered, whether by truck, rail or ship, uses diesel fuel. Truckers are turning down trucking jobs in states with the most expensive …

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