Latest news with #priceincrease
Khaleej Times
11 hours ago
- Business
- Khaleej Times
Dubai: Some Qurbani prices start at Dh12,000, surge up to 80% ahead of Eid Al Adha
Muhammed Azam, an Indian expat and engineer working at a payment gateway firm, was taken aback when he visited the Al Qusais cattle market on Saturday evening. The reason? The prices of sacrificial animals ahead of Eid Al Adha had jumped far beyond his expectations. 'I bought a Somali ox for about Dh6,000 in 2023, and it weighed almost 450kg. But now, the same size starts at Dh10,000. That's over a 60 per cent increase,' said Azam. He had traveled to his hometown in Kerala in Eid 2024 and missed last year's market pricing. 'I thought I could manage with a budget of Dh10,000 this year. But here, even the goats are starting from Dh1,200,' he added. Khaleej Times visited Al Qusais livestock market and spoke to several buyers and sellers, who confirmed the sharp price increase. Compared to just two years ago, the cost of sacrificial animals has increased by 60 to 80 percent. At the market, here are the current prices: Significant price jump Pakistani resident Abdul Shakoor, who was visiting the market to buy a sacrificial animal for Eid Al Adha, said this is the third year he has been buying from the same seller, and the price jump is significant. 'Two years ago, I paid around Dh1,600 for a decent goat. Now, they are asking Dh2,800 for the same size — and that's after bargaining,' he said. 'This Eid is important to us, but it's getting harder for middle-income families to afford the qurbani (sacrifice). I might have to share with a friend and buy an ox,' he added. Why have prices increased? Mohammed Usman, a livestock trader from Pakistan who has been selling animals in the UAE for eight years, explained that the price hike was inevitable this year. 'We are getting animals from suppliers at much higher rates. (Costs for) feed, transport, taxes have all increased. For example, transporting animals from Pakistan or India is much more expensive than it was three years ago,' he said. Traders also pointed to the limited availability of animals. 'There is high demand this year and limited supply. Prices rise automatically when there are more buyers and fewer animals,' he added. Lala Khan, another trader at the market, said he has been in Dubai for fifteen years and hasn't seen this kind of price increase before. 'We have sold goats for Dh500 to Dh700 in previous years. Now, even the smallest Somali goat is at least Dh1,000 to Dh1,200. People are angry, but we also have no choice,' he said. With prices expected to rise further as Eid approaches, shoppers are advised to book early. 'Demand for sacrificial animals is huge now, and buyers have already started purchasing. Due to the surge in demand, prices may rise even more as Eid Al Adha nears,' said Khan.
CNET
a day ago
- Business
- CNET
I Monitor Tariff Impacts Every Day: Here Are My Top Tips to Help You Track Prices
If tariff news has you spooked, these are the tricks I can currently recommend to help you track the prices that matter the most to you. James Martin/CNET Thinking a lot about tariffs lately? You and me both. I've been keeping track of the impacts tariffs might be having on a variety of key products that are both popular and likely to be susceptible to tariffs. However, there's only so much I can keep track of, given that I'm just one guy (I swear) and that CNET is focused on tech products and services. If there's a product or type of product out there that you're concerned about when it comes to tariff inflation, it might be worth doing a little legwork of your own. Given the results of a recent CNET survey, it's fair to say that a lot of you reading this might have concerns about tariff-driven price increases. According to our findings, about 38% of shoppers feel pressure to make certain purchases before tariffs make them more expensive. About 10% say they have already made certain purchases in hopes of getting them in before the price hikes, while 27% said they have delayed purchases for products that cost more than $500. If that sounds like you, then I'd like to share a few tricks I've relied on to keep track of price shifts in the last few months, so that maybe you can keep tabs on the specific things that matter most to you. For all the details, keep reading, and for more, check out CNET's coverage of the court ruling that struck down Trump's tariffs. How to use price trackers on Amazon Amazon is one of the most popular online shopping portals in the world, so it's a great place to keep an eye out for price changes. The company's reach with consumers of all kinds is so vast that even a rumor that it might explicitly show the impacts of tariffs on its prices resulted in a heated response from the White House. If there's an item for sale, odds are you can find it on Amazon -- and there are a number of websites and browser add-ons that can show you the price history of most items listed there. For CNET's daily tracker, I personally use the browser extension Keepa, which came recommended by CNET Senior Editor James Bricknell and which is available for Chrome, Safari, Opera, Edge and Firefox browsers. After you install it, Keepa works by adding a graph to Amazon store pages you visit, showing you the changes in the product's price over time. You can fine-tune this graph as well, changing how far back the price history goes and adding or removing lines for different purchasing options. Another popular option is CamelCamelCamel, which allows you to track Amazon prices either by copy-pasting a link into its search bar, or as a browser extension, available for all the same platforms as Keepa. Unlike Keepa, which adds the chart directly into the product page, this extension -- known as "Camelizer" -- requires you to open the chart from a button added to the browser's menu bar. Besides that, the functionality is almost the same. Both of these options also allow you to set up email alerts for when certain products shift in price on Amazon. How to use price trackers for other shopping sites But maybe you don't exclusively rely on Amazon for your online shopping needs. Maybe you took my advice and canceled your Prime membership recently, or maybe you just prefer doing business elsewhere for certain things. Well, you're not out of luck, because some price-tracking services work with other popular retailers, like Walmart, Target or Best Buy. If those are the sorts of places you're shopping, I'd suggest taking a look at the aptly named site Price Tracker, which says that it can provide price history charts for 88 online retailers. All you have to do is copy-paste your product's URL into the site's search field, and it will generate a graph showing you its price over time, just as Keepa and CamelCamelCamel do. How to set news alerts for specific products and companies Sometimes waiting for prices to change feels like too little, too late. If you want to be informed ahead of time and get an idea about broader changes, you would do well to follow the news surrounding specific companies and product sectors. To do that, I'd recommend you create some Google Alerts related to the products you're most concerned about. Using this service, you can set alerts for certain words or phrases -- perhaps things like "tariffs," "coffee prices," or "Samsung Galaxy price" -- and Google will send you daily emails with news stories based on them. This way, if news stories indicate that a certain grocery item you buy frequently is about to get more expensive, or if a big tech manufacturer announces a price hike for that new gadget you've been anticipating because of "market conditions," you'll be ahead of the curve. For more, find out if you should or shouldn't buy a new phone now.
Yahoo
a day ago
- Business
- Yahoo
UiPath price target raised to $15 from $12 at TD Cowen
TD Cowen raised the firm's price target on UiPath (PATH) to $15 from $12 and keeps a Hold rating on the shares. The firm said its 1Q performance exceeded expectations while 2Q and revised FY26 outlooks are above Street with revenue and EBIT reflecting healthy outperformance and ARR slightly higher, while adjusted FCF was affirmed. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on PATH: Disclaimer & DisclosureReport an Issue UiPath price target raised to $15 from $13 at RBC Capital UiPath: Balancing Optimism and Caution Amid Economic Uncertainty UiPath's Growth Challenges Amid Strong Revenue Performance: Analyst Maintains Hold Rating UiPath's Promising AI Growth and Market Challenges Lead to Hold Rating UiPath price target raised to $14 from $12 at Barclays Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
ABC News
2 days ago
- Business
- ABC News
Global brands prepare to hike prices as trade war could spread inflation beyond US
Australian shoppers could soon see higher price tags, as some brands affected by Donald Trump's trade war prepare to increase prices beyond the US market. German shoe manufacturer Birkenstock is among the global retailers set to raise prices across the board to spread out the cost of tariffs. Birkenstock's chief financial officer Ivica Krolo told an investor briefing this month that spreading the cost would mean modest price rises across the board, rather than a big hike in the cost for US purchasers. Mr Krolo added that, "pricing is not the only lever we have though … additional levers include efficiencies in production, vendor negotiations, the optimisation of product mix and the allocation of products between the different regions." One of the world's biggest jewellery brands, Pandora, is also eyeing price rises. It primarily produces its products in Thailand. The Danish jeweller outlined the scenarios of tens of millions of dollars in cost increases due to US tariffs in its first-quarter interim financial report, saying: "the extent and timing of further price increases to be determined based on the concrete circumstances." Meanwhile, analysts are closely monitoring the outlook for Apple and Samsung, given Mr Trump has threatened a 25 per cent tariff on smartphones not made in America. "If iPhones got built in the US, you'd be looking at iPhones in Australia that go up three times from where they are today," Wedbush Securities analyst Dan Ives told The Business from New York. "It's not just about the US consumer, it's about the foundation of all the costs that are increasing around the world." Economists say the rationale for multinational firms to spread the cost beyond the US is to avoid dampening demand from American consumers, which is a large and crucial market, by having them foot the bill entirely. "If they impose all of the price increase on the US consumer, that could do a number of things, which is reduce demand significantly by the US consumer," former Commonwealth Bank chief economist Stephen Halmarick told The Business. The impact could be felt around the world in a matter of weeks and months. "As we get into June, July, August, you're going to see price increases around the world," Mr Ives said. When the Reserve Bank board cut interest rates in May, it highlighted the risk to the global economic growth outlook posed by the trade war. It also emphasised that local inflation pressures had eased, and inflation was "expected to remain around target", opening the door to further rate cuts. "We see two more cuts, one in August and one in November," Jarden chief economist Micaela Fuchila said. "We have inflation under control, the labour market is in a good place, and there are some signs that the economy is recovering." Despite the focus on the downside risk to global growth, the RBA has acknowledged the potential for global price hikes — although deputy governor Andrew Hauser doubts the longevity of the strategy. In Melbourne, this fabric manufacturer shares similar concerns. "The biggest worry for me is higher pricing will mean less demand, which means less requirements for product, which will definitely impact on future projections and buying," Steve Tsonidis, the general manager at ABMT Textiles, told The Business. ABMT exports a third of its products to the US, with fabric produced here and garments made in Vietnam and Bangladesh. The RBA's base case is that the trade war will put downward pressure on inflation here, but it has considered scenarios where prices could rise. "There are possibilities that if this goes far enough and it impairs global supply chains, that could push inflation up here and everywhere else for a period," Mr Hauser said. The RBA board next meets in early July, just before the pause on the US "reciprocal" tariffs affecting more than 50 nations is due to expire.
Motor Trend
2 days ago
- Automotive
- Motor Trend
How Tariffs Will Affect Used Car Prices
Since my last article on U.S. automotive tariffs, several manufacturers announced price increases on their vehicles for American consumers. The good news is these increases aren't as bad as we thought they would be, at least for now. 0:00 / 0:00 For example, Ford is planning to raise prices on certain models (mainly those made in Mexico) by about $2,000. Other manufacturers plan price hikes around $1,200. That's far less than the 25 percent tariff levied on imported cars, trucks, and SUVs, which could have raised prices on some vehicles by more than $5,000 and beyond. Evidently, automakers have decided to absorb some of the costs of the tariffs themselves and not pass them on to consumers. The bad news is some dealerships are experiencing shortages. Due to high sales in March while customers tried to get ahead of tariff-related price increases, many dealerships found their inventories depleted. This poses two problems. First, for consumers, it means fewer choices. You may have your heart set on a blue Toyota RAV4, but your local dealer may only have light gray, medium gray, and dark gray in stock. And because everyone's inventories are down, they may not be able to trade with another dealership to get you a blue one. That means you'll have to settle for whatever's available or put off your purchase until the selection is better. And second, for dealers, lower inventories mean fewer sales. Given so few Americans order their cars, there's a direct correlation between the number of vehicles a dealer has on the lot and how many it sells. If a dealership has 200 vehicles in stock, it should sell about half of those in one month. But if it only has 100 in stock, it'll only sell around 50 or so. And that affects a dealer's allocation—the number of vehicles the manufacturer sends it every month—which is based on the previous month's sales. It also means dealers have less flexibility when it comes to prices. If a Kia dealership has 10 new Sportages, it can afford a few skinny deals—or even losing deals—on three or four of those because it can make it up on the other seven. But if it's down to two, it's going to try to make as much profit as possible on those two vehicles. So what does the new car buyer do when they're facing higher prices and fewer choices? Simple. They turn to used cars. There has always been an excellent case for buying pre-owned, especially certified pre-owned (CPO). They cost less than new because, well, they're used, plus the value of most new cars drops like a rock the moment they're driven off the lot. When you buy used, you don't absorb that depreciation. Another great reason to buy used is that should you purchase a CPO vehicle, in most cases you'll get a longer drivetrain warranty than you would on a new car. But there's a catch. When demand for used cars goes up, used prices go up, too. Although tariffs aren't aimed at used cars, they will have the unintended effect of raising prices on those, as well. And parts. And service. It's a ripple effect that will have repercussions throughout the industry. In fact, some forward-thinking dealers have already raised prices on used cars in anticipation of this expected increase in demand, even though the full impact of tariffs hasn't really hit us yet. This is predatory, but in times like these some people will always try to take advantage of others. The situation with tariffs is still very much in flux. Things are changing every day, and it's hard to keep up, much less predict where everything will wind up. Inventories are already rebounding. Price hikes aren't as bad as we feared, at least not yet. Manufacturers are still shipping new cars to dealers. And used cars, especially certified pre-owned, will always be a good buy. So smart consumers can still get a good deal. It will just take a little more homework on current prices and inventory, flexibility on the vehicle or options you want, and striking when the opportunity presents itself.
