Тарифи ще якийсь час не змінювалися б, якби Росія не атакувала енергетичну інфраструктуру України, заявив міністр енергетики
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Упродовж останнього тижня НБУ постійно оновлює історичні мінімуми гривні щодо долара США та інших провідних валют світу
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Агентство пропонуватиме два страхових продукти: страхування прямих інвестицій для інвесторів та страхування інвестиційних кредитів для банків
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WASHINGTON — The United States announced regulatory changes on Tuesday to increase support for the Cuban people and independent private sector entrepreneurs. The changes will enable more U.S. financial support for small private businesses in Cuba, enhance internet-based services on the island and broaden access to financial services.

The new U.S. measures come as the communist-run island faces a social and economic crisis, including severe shortages of food, fuel, electricity and medicine.

A senior administration official stated that the new authorization allows Cuba’s independent private sector entrepreneurs to open and remotely access U.S. bank accounts, including through U.S. online payment platforms.

As of 2021, Cuban entrepreneurs can establish small and medium private enterprises under Cuban law. By the latest count, there are over 11,000 registered private businesses in Cuba.

“It’s important to note that the new definition for independent private sector entrepreneurship excludes prohibited officials of the Cuban government, such as National Assembly members, Cuban military officers, certain ministry staff, regime propagandists and prohibited members of the Cuban Communist Party,” the senior official told reporters during a briefing on Tuesday.

New U.S. regulatory measures will benefit the Cuban people while continuing to minimize resources to the Cuban government, said another senior official in President Joe Biden’s administration.

“We believe that the growth of an independent entrepreneurial private sector in Cuba is fully aligned with our values and is the best hope for generating economic development and employment in Cuba,” said the senior official.

The Treasury Department said that Tuesday’s regulatory changes will allow Cuban nationals to open, maintain and remotely use U.S. bank accounts, including through online payment platforms, to conduct authorized or exempt transactions, whether the independent private sector entrepreneur is physically located in the United States, Cuba or another country.

Earlier this month, the U.S. removed Cuba from its list of countries “not cooperating fully” in the fight against terrorism. However, Cuba remains on the State Sponsors of Terrorism list.

The cooperation against terrorism list, which the State Department is required by law to provide to Congress, is not the same as the State Sponsors of Terrorism list.

U.S. officials declined to comment on whether the State Department has begun a formal review of Cuba’s presence on the State Sponsors of Terrorism list. U.S. sanctions against the Cuban government, its military intelligence and security services remain in place.
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Він додав, що під час двосторонньої зустрічі з Фіалою сторони обговорили реалізацію артилерійської ініціативи, на яку «зібрано вже понад 1,6 мільярда євро»
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У літній сезон падають спроможності гідрогенерації, яка є основним джерелом гнучкості енергосистеми, розповів представник компанії
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У квітні 2024 року сума державного і гарантованого державою боргу України збільшилась у гривневому еквіваленті на 86,17 млрд гривень
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NEW YORK — Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather. Major retailers are stepping up discounts heading into the summer months, hoping to entice inflation-weary shoppers into opening their wallets.

Target, Walmart and other chains have rolled out price cuts — some permanent, others temporary — with the stated aim of giving their customers some relief. The reductions, which mostly involve groceries, are getting introduced as inflation showed its first sign of easing this year but not enough for consumers who are struggling to pay for basic necessities as well as rent and car insurance.

The latest quarterly earnings reported by Walmart, Macy’s and Ralph Lauren underscored that consumers have not stopped spending. But multiple CE0s, including the heads of McDonald’s, Starbucks and home improvement retailer Home Depot, have observed that people are becoming more price-conscious and choosy. They’re delaying purchases, focusing on store brands compared to typically more expensive national brands, and looking for deals.

“Retailers recognize that unless they pull out some stops on pricing, they are going to have difficulty holding on to the customers they got,” Neil Saunders, managing director of consulting and data analysis firm GlobalData, said. “The consumer really has had enough of inflation, and they’re starting to take action in terms of where they shop, how they shop, the amount they buy.”

While discounts are an everyday tool in retail, Saunders said these aggressive price cuts that cover thousands of items announced by a number of retailers represent a “major shift” in recent strategy. He noted most companies talked about price increases in the past two or three years, and the cut mark the first big “price war” since before inflation started taking hold.

Where can shoppers find lower prices?

Higher-income shoppers looking to save money have helped Walmart maintain strong sales in recent quarters. But earlier this month, the nation’s largest retailer expanded its price rollbacks — temporary discounts that can last a few months — to nearly 7,000 grocery items, a 45% increase. Items include a 28-ounce can of Bush’s baked beans marked down to $2.22, from $2.48, and a 24-pack of 12-ounce Diet Coke priced at $12.78 from $14.28.

Company executives said the Bentonville, Arkansas-based retailer is seeing more people eating at home versus eating out. Walmart believes its discounts will help the business over the remainder of the year.

“We’re going to lead on price, and we’re going to manage our (profit) margins, and we’re going to be the Walmart that we’ve always been,” CEO Doug McMillon told analysts earlier this month.

Not to be outdone by its closest competitor, Target last week cut prices on 1,500 items and said it planned to make price cuts on another 3,500 this summer. The initiative primarily applies to food, beverage and essential household items. For example, Clorox scented wipes that previously cost $5.79 are on shelves for $4.99. Huggies Baby Wipes, which were priced at $1.19, now cost 99 cents.

Low-cost supermarket chain Aldi said earlier this month that it was cutting prices on 250 products, including favorites for barbecues and picnics, as part of a promotion set to last through Labor Day.

McDonald’s plans to introduce a limited-time $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices.

Arko Corp., a large operator of convenience stores in rural areas and small towns, is launching its most aggressive deals in terms of their depth in roughly 20 years for both members of its free loyalty program and other customers, according to Arie Kotler, the company’s chairman, president and CEO. For example, members of Arko’s free loyalty program who buy two 12-packs of Pepsi beverages get a free pizza. The promotions kicked off May 15 and are due to end Sept. 3.

Kotler said he focused on essential items that people use to feed their families after observing that the cumulative effects of higher gas prices and inflation in other areas had customers hold back compared to a year ago.

“Over the past two quarters, we have seen the trend of consumers cutting back, consumers coming less often, and consumers reducing their purchases,” he said.

In the non-food category, crafts chain Michaels last month reduced prices of frequently purchased items like paint, markers and artist canvases. The price reductions ranged from 15% to up to 40%. Michaels said the cuts are intended to be permanent.

Do these cuts bring prices back to pre-pandemic levels?

Many retailers said their goal was to offer some relief for shoppers. But Michaels said its new discounts brought prices for some things down to where they were in 2019.

“Our intention with these cuts is to ensure we’re delivering value to the customer,” The Michaels Companies said. ”We see it as an investment in customer loyalty more than anything else.”

Target said it was difficult to compare what its price-reduced products cost now to a specific time frame since inflation levels are different for each item and the reductions varied by item.

The Bureau of Labor Statistics, which tracks consumer prices, said the average price of a two-liter bottle of soda in April was $2.27. That compares with $1.53 in the same month five years ago. A pound of white bread cost an average of $2 last month but $1.29 in April 2019. One pound of ground chuck that averaged $5.28 in April cost $3.91 five years ago.

Why are companies cutting prices on some items?

U.S. consumer confidence deteriorated for the third straight month in April as Americans continued to fret about their short-term financial futures, according to the latest report released late last month from the Conference Board, a business research group.

With shoppers focusing more on bargains, particularly online, retailers are trying to get customers back to their stores. Target this month posted its fourth consecutive quarterly decline in comparable sales — those from stores or digital channels operating at least 12 months.

In fact, the share of online sales for the cheapest items across many categories, including clothing, groceries, personal care and appliances, increased from April 2019 to the same month this year, according to Adobe Analytics, which covers more than 1 trillion visits to U.S. retail sites.

For example, the market share for the cheapest groceries went from 38% in April 2019 to 48% last month, while the share for the most expensive groceries went down from 22% to 9% over the same time period, according to Adobe.

How are retailers funding price cuts?

GlobalData’s Saunders said he thinks companies are subsidizing price cuts with a variety of methods — at the expense of profits, at the cost of suppliers and vendors, or by reducing expenses. Some retailers may be using a combination of all three, he said.

Saunders doesn’t think retailers are raising prices on other items to make up for the ones they lowered since doing that would bring a backlash from customers.

Target declined to disclose details but said its summer price promotion was incorporated into the company’s projected profit range, which falls below analysts’ expectations at the low end.

GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp. said its suppliers are funding the convenience store promotions.
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З боку України участь у відкритті місії взяв міністр фінансів Сергій Марченко
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NEW YORK — Three years ago, Erin Decker was a middle school librarian in Kissimmee, Florida, increasingly frustrated by the state’s book bans and worried that she couldn’t make a difference remaining in her job.

So, she and fellow librarian Tania Galiñanes thought of a way to fight back.

“We just put our heads together and decided a bookstore would help make sure students could get to books that were being pulled from shelves,” says Decker, whose White Rose Books & More opened last fall in Kissimmee. The store is named for a resistance group in Nazi Germany and features a section — ringed by yellow “caution” tape — dedicated to such banned works as Maia Kabobe’s Gender Queer, Jonathan Evison’s Lawn Boy and John Green’s Looking for Alaska.

White Rose Books is part of the ever-expanding and diversifying world of independent bookstores. Even as industry sales were slow in 2023, membership in the American Booksellers Association continued its years-long revival. It now stands at 2,433, more than 200 over the previous year and nearly double since 2016. Around 190 more stores are in the process of opening over the next two years, according to the ABA.

“Our numbers are really strong, and we have a solid, diverse pipeline of new stores to come,” says Allison Hill, the book association’s CEO. She cites a range of reasons for people opening stores, from opposing bans to championing diversity to pursuing new careers after the pandemic.

“Some are opening to give back to their community. And some still just love books,” she said during a phone interview this week.

Recent members include everyone from the romance-oriented That’s What She Read in Mount Ayr, Iowa; to Seven Stories in Shawnee, Kansas, managed by 15-year-old Halley Vincent; to more than 20 Black-owned shops.

In Pasadena, California, Octavia’s Bookshelf is named for the late Black science fiction author Octavia Butler and bills itself as “a space to find community, enjoy a cup of coffee, read, relax, find unique and specially curated products from artisans from around the world and in our neighborhood.” Leah Johnson, author of the prize-winning young adult novel You Should See Me In a Crown, was troubled by the surge in book bans and by what she saw as a shortage of outlets for diverse voices. Last year, she founded Loudmouth Books, one of several independent sellers to open in Indianapolis.

“I’m not a person who dreamed of opening a bookstore. I didn’t want to be anybody’s boss,” Johnson says. “But I saw a need and I had to fill it.”

Most of the new businesses are traditional “brick and mortar” retailers. But a “bookstore” can also mean a “pop-up” business like Loc’d & Lit, which has a mission to bring “the joy of reading to the Bronx,” the New York City borough that had been viewed by the industry as a “desert” for its scarcity of bookstores. Other new stores are online only, among them the Be More Literature Children’s Bookshop and the used books seller Liberation Is Lit. Nick Pavlidis, a publisher, ghost writer and trainer of ghost writers, launched the online Beantown Books in 2023 and has since opened a small physical store in suburban Boston.

“My goal is to move into a larger space and create a friendly place for authors to host events,” he says, adding that he’d like to eventually own several stores.

Independent bookselling has never been dependably profitable, and Hill notes various concerns — rising costs, dwindling aid from the pandemic and the ongoing force of Amazon.com, which remains the industry’s dominate retailer even after the e-book market stalled a decade ago. Last month, the booksellers association filed a motion with the Federal Trade Commission, seeking to join the antitrust suit against Amazon that the FTC announced in 2023. The motion states in part that Amazon is able to offer prices “that ABA members cannot match except by forgoing a sustainable margin, or incurring a loss.”

Just opening a store requires initiative and a willingness to take risks. Decker says that she and Galiñanes had to use retirement money because lenders wouldn’t provide credit until they were actually in business. The owner of Octavia’s Bookshelf, Nikki High, is a former communications director for Trader Joe’s who relied on crowdfunding and her own savings to get her store started.

“Even with tons of planning, and asking questions and running numbers, it’s been very difficult,” High says. “I don’t know that I could have prepared myself for what a shrewd business person you have to be to making a living out of this.”

High cites a variety of challenges and adjustments — convincing customers they don’t have to order items from Amazon.com, supplementing sales by offering tote bags and journals and other non-book items. Knowing which books to stock has also proved an education.

“I would read a book and think it’s the best thing ever and order a bunch of copies, and everybody else is like, ‘No, I don’t want that book,'” she explains. “And when we started, I wanted to be everything for everybody. We had a ton of different categories. But I found out that short stories and poetry almost never sell for us. People want general fiction, bestsellers, children’s books. Classics sell very well, books by James Baldwin and Toni Morrison and bell hooks and June Jordan.”

“It’s incredibly important to listen to your customers.”
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detroit — Cars, trucks and SUVs in the U.S. keep getting older, hitting a record average age of 12.6 years in 2024 as people hang on to their vehicles largely because new ones cost so much. 

S&P Global Mobility, which tracks state vehicle registration data nationwide, said Wednesday that the average vehicle age grew about two months from last year’s record. 

But the growth in average age is starting to slow as new vehicle sales start to recover from pandemic-related shortages of parts, including computer chips. The average increased by three months in 2023. 

Still, with an average U.S. new-vehicle selling price of just over $45,000 last month, many can’t afford to buy new — even though prices are down more than $2,000 from the peak in December of 2022, according to J.D. Power. 

“It’s prohibitively high for a lot of households now,” said Todd Campau, aftermarket leader for S&P Global Mobility. “So I think consumers are being painted into the corner of having to keep the vehicle on the road longer.” 

Other factors include people waiting to see if they want to buy an electric vehicle or go with a gas-electric hybrid or a gasoline vehicle. Many, he said, are worried about the charging network being built up so they can travel without worrying about running out of battery power. Also, he said, vehicles are made better these days and simply are lasting a long time. 

New vehicle sales in the U.S. are starting to return to pre-pandemic levels, with prices and interest rates the big influencing factors rather than illness and supply-chain problems, Campau said. He said he expects sales to hit around 16 million this year, up from 15.6 million last year and 13.9 million in 2022. 

As more new vehicles are sold and replace aging vehicles in the nation’s fleet of 286 million passenger vehicles, the average age should stop growing and stabilize, Campau said. And unlike immediately after the pandemic, more lower-cost vehicles are being sold, which likely will bring down the average price, he said. 

People keeping vehicles longer is good news for the local auto repair shop. About 70% of vehicles on the road are six or more years old, he said, beyond manufacturer warranties. 

Those who are able to keep their rides for multiple years usually get the oil changed regularly and follow manufacturer maintenance schedules, Campau noted.
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За даними Bloomberg, станом на 16:00 торги відбувалися приблизно на рівні офіційного курсу – 40 гривень 14 копійок за долар
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Study finds 1 in 3 secretly travel while working remotely
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За даними Bloomberg, наприкінці торгової сесії 24 травня на ринку тенденція до падіння сповільнилася – і станом на 16:00 торги відбувалися приблизно на рівні офіційного курсу
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«Дискусіїї фокусуватимуться на ризиках, перед якими постала економіка України, та цілях економічної політики влади»
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Марченко повідомив, що за останні пів року Україна «мінімально» отримувала допомоги від партнерів у військовій частині
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«США внесли пропозиції, які підпадають під рамки міжнародного права, і ми збираємося працювати над ними відкрито і конструктивно» – міністр фінансів Франції
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Згідно з угодою, Україна зобов’язується забезпечити високу прозорість та контроль у використанні коштів, наданих Євросоюзом
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За даними Bloomberg, наприкінці торгової сесії 23 травня на ринку тенденція до падіння триває
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