Sherrill joins Dem chorus blaming Trump and Ciattarelli for skyrocketing energy costs under Phil Murphy
NEWARK, N.J. — Democratic gubernatorial candidate Mikie Sherrill joined a growing list of New Jersey Democrats Thursday in blaming President Donald Trump and GOP candidate Jack Ciattarelli for the state’s rising utility…
Biden urges energy companies to lower costs for consumers
WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday pressed the U.S. energy industry to lower costs for consumers who had been stung by high gasoline prices, citing record company profits. “Gas…
Meta aims to cut costs by at least 10% within next few months – WSJ
(Reuters) – Meta Inc is looking to trim its costs by at least 10% within the next few months, the Wall Street Journal reported on Wednesday, citing people familiar with the company’s…
Chemours cuts earnings forecast on low demand, high input costs
(Reuters) – Chemours Co cut its full-year forecast for adjusted earnings on Wednesday citing low demand and high input costs, sending its shares down 5% in premarket trade. The chemicals company also…
Biden says ‘the pandemic is over’ even as death toll, costs mount
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden said in an interview aired on Sunday that “the pandemic is over,” even though the country continues to grapple with coronavirus infections…
Schepisi Slams Murphy Admin Over Rising Public Healthcare Costs
In a letter to members of the New Jersey State Health Benefits Commission prior to their meeting to consider astronomical increases in health benefits costs, Senator Holly Schepisi urged them to “think…
Despite Food Costs Skyrocketing, Biden Claims Victory At ‘Kitchen Table’
Despite Food Costs Skyrocketing, Biden Claims Victory At ‘Kitchen Table’ John Hugh DeMastri on September 13, 2022 Despite August seeing the highest hike in food prices in over 40 years, President Joe…
Ford will challenge dealers to match Tesla’s lower selling costs
By Joseph White and Ben Klayman DETROIT (Reuters) – Ford Motor Co Chief Executive Jim Farley will go to Las Vegas next week to roll the dice on a strategy to convince…
Argentine soy farmers who hoard stock to face higher financing costs, central banks says
By Maximilian Heath BUENOS AIRES (Reuters) – Argentine soy farmers who hold onto stock of more than 5% of their production will face an elevated financing cost above the normal benchmark rate,…
New Canadian air rules risk higher costs, fares -airline group
MONTREAL (Reuters) – Canadian airlines face potentially higher costs as new rules that take effect on Thursday broaden passenger refund requirements to cases of cancelled or long-delayed flights outside of carriers’ control,…
U.S. Attorney Settles Fraud Lawsuit Against Non-Profit For Inflating Medicaid Reimbursements By Falsely Reporting Millions In Costs
Damian Williams, the United States Attorney for the Southern District of New York, and Scott Lampert, the Special Agent in Charge of the New York Office of the U.S. Department of Health…
Three Companies Agree to Plead Guilty to Federal Offense and Pay Nearly $13 Million in Federal Fines and Response Costs for Offshore Oil Spill
LOS ANGELES – A Texas-based oil company and two of its subsidiaries have agreed to plead guilty to violating the federal Clean Water Act, pay a $7.1 million criminal fine, and…
Brazil’s consumer prices fall on lower transportation costs
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian consumer prices fell in the month to mid-August thanks to lower fuel prices on the back of tax cuts, the country’s IBGE statistics agency…
Aussie grocers to benefit from higher prices, rising costs a worry
By Riya Sharma and Savyata Mishra (Reuters) – Earnings of Australia’s two biggest supermarket chains may get a boost from sustained demand for groceries and other essentials, but their comments on costs…
China demand doubts darken mood as miners baulk at energy costs
By Clara Denina LONDON (Reuters) – The prospect of a global recession and doubts over economic stimulus in China, the world’s biggest user of raw materials, add to the challenges of mining…
Sky-high energy costs to fan fire under aluminium and zinc prices
By Peter Hobson LONDON – Slowing economic growth is weighing on industrial metals prices but zinc and aluminium are likely to outperform if sky-high energy prices force European smelters to cut output…
‘Bidenflation’: Despite Plummeting Energy Costs, Producer Prices Remain High
‘Bidenflation’: Despite Plummeting Energy Costs, Producer Prices Remain High John Hugh DeMastri on August 11, 2022 The Producer Price Index (PPI), which measures the average change in the prices set by producers,…
Mexico issues measures to mitigate high costs of train cargo as inflation soars
MEXICO CITY -Mexico’s government on Wednesday said it had issued so-called “emergency directives” for the transportation via train of products in a staple basket of goods with the aim of mitigating high cargo costs inflation…
Coca-Cola bottler to detail costs of exiting Russia
By Jessica DiNapoli NEW YORK – Coca-Cola Co’s bottler Coca Cola HBC AG will on Thursday detail the cost of stopping production and sales of Coke in Russia, a goal that has…
Rhine water falls again in Germany, river shipping costs rise
HAMBURG – Water levels on the river Rhine in Germany have fallen again in hot and dry weather and shipping costs are rising as vessels cut loads to continue sailing, commodity traders…
ABN Amro’s quarterly profit beats estimates despite rising costs
AMSTERDAM -Dutch bank ABN Amro beat analyst expectations on Wednesday with a jump of 21% in second-quarter net profit to 475 million euros ($485 million), as the release of previous impairments offset…
Toshiba logs surprise quarterly operating loss on higher materials costs
TOKYO – Toshiba Corp on Wednesday posted an unexpected operating loss in the April-June first quarter as it grappled with a global chip shortage and a sharp rise in costs for raw…
Ford raises prices of electric F-150 pickup amid high commodity costs
(Reuters) – Ford Motor Co said on Tuesday it would raise the prices of its electric F-150 Lightning pickup as the U.S. carmaker deals with surging raw material costs. The automaker said…
Australia business activity booms in July, costs surge
By Wayne Cole SYDNEY – A measure of Australian business confidence rebounded in July as sales and profits held up surprisingly well in the face of rising interest rates and high inflation,…
Japan bank lending picks up on demand to meet rising material costs
By Leika Kihara TOKYO – Japanese bank lending rose 1.8% in July from a year earlier, accelerating from the previous month, as some companies borrowed more to meet rising raw material costs…
Auto supplier Aptiv lowers outlook as China lockdowns, costs bite
(Reuters) -Auto parts supplier Aptiv Plc on Thursday cut its full-year profit and revenue forecast, as lockdowns in China took a bite out of quarterly results, while the industry continues to struggle…
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