US budget deficit hits record high for November on interest costs
WASHINGTON (Reuters) – The U.S. federal budget deficit jumped 26% in November from a year earlier to $314 billion, a record for the month and …
Costs
Red Sea shipping costs rising after Houthis target more commercial vessels
By Jonathan Saul LONDON (Reuters) – The cost of shipping goods through the Red Sea is rising as Yemen’s Houthis step up attacks on ships …
Renault to slash production costs for cars, expand in Turkey
PARIS (Reuters) -Renault said on Thursday it aims to cut the production costs of its cars by as much as 50% in the next four …
Inflation, Supply Chain Issues, Rising Costs Affecting Jack Daniels’ Parent Company
LOUISVILLE, KY – Brown-Forman Corporation, known for its Jack Daniel’s whiskey, revised its net sales forecast for 2024 downward on Wednesday. The adjustment comes as …
Jif parent JM Smucker tops profit expectations on easing costs, higher prices
(Reuters) – J.M. Smucker, which owns Jif peanut butter and Dunkin’ pre-made coffee, beat second-quarter profit expectations on Tuesday, helped by higher product pricing and …
Peru’s deadly gold mine attack highlights growing security risk, costs
By Marco Aquino LIMA (Reuters) – A dramatic and deadly attack on a gold mine in Peru on Saturday has thrown a spotlight on illegal …
India factory growth accelerated in November, input costs at 40-month low -PMI
By Anant Chandak BENGALURU (Reuters) – India’s manufacturing growth accelerated last month after a recent blip, supported by robust demand, according to a private survey …
Colombia proposed health reform could push costs up by $234 million next year
BOGOTA (Reuters) – Colombia’s health sector could see costs grow by 929 billion pesos ($234.7 million) in 2024 if the government’s proposed health reform is …
VW struggling with S.Africa costs as group targets savings – executive
By Joe Bavier JOHANNESBURG (Reuters) – A senior Volkswagen executive involved in a global cost-cutting strategy said on Friday he was “very worried” about the …
Turkey’s clothing makers face rising costs from push to help textile sector
By Ceyda Caglayan ISTANBUL (Reuters) – Turkish clothing manufacturers, the third-largest suppliers of apparel to Europe, face higher production costs and risk falling further behind …
Disney sees higher costs to create content after Hollywood pay raises
(Reuters) – Walt Disney said on Tuesday the new collective bargaining agreements with the Directors Guild of America, WGA and SAG-AFTRA will lead to increased …
Fed’s Barr says tougher capital plan would have limited impact on borrowing costs
By Pete Schroeder NEW YORK (Reuters) – The Federal Reserve’s top bank watchdog defended its push to overhaul capital requirements, saying they would have a …
China asks some lenders to cap interbank financing costs – sources
SHANGHAI/BEIJING (Reuters) – China’s central bank asked some lenders to cap interest rates on an interbank debt instrument this month, people with knowledge of the …
More peas please? Thanksgiving meal costs Americans less this year
By Howard Schneider WASHINGTON (Reuters) – With gas prices and airfares falling it will be cheaper for Americans to get to Grandma’s or wherever they …
Domino’s Pizza Group flags drop in delivery orders amid higher living costs
(Reuters) -Domino’s Pizza Group on Thursday reported a fall in meal deliveries in the third quarter as customers cut back on ordering in as they …
Hapag Lloyd has cancelled services to control costs -CEO
FRANKFURT (Reuters) – The chief executive of Hapag-Lloyd, the world’s number five container line, on Thursday said the company has cut services on key global …
US Treasuries basis trades seen as less profitable as funding costs rise
By Davide Barbuscia NEW YORK (Reuters) – A hedge fund arbitrage trading strategy that likely exacerbated a crash in the world’s biggest bond market in …
Monster Beverage edges past profit expectations on higher pricing, cooling costs
(Reuters) – Monster Beverage Corp beat estimates for third-quarter profit on Thursday, helped by higher pricing for its energy drinks and hard seltzers, sending the …
Lower costs, FX boost Brazil’s Ambev net profit in Q3 as sales dip
By Natalia Siniawski (Reuters) – Brazilian brewer Ambev SA on Tuesday reported a 19.3% jump in net profit on an organic basis, lifting its shares …
Vietnam eyes first semiconductor plant, US officials warn of high costs
By Francesco Guarascio HANOI (Reuters) – Vietnam is holding talks with chips companies with the aim of boosting investment in the country and possibly building …
San Francisco Railroad Extension Costs A Whopping $4 Billion Per Mile
San Francisco Railroad Extension Costs A Whopping $4 Billion Per Mile Arjun Singh on October 27, 2023 The city of San Francisco is in the …
Volvo Cars Q3 profit jumps as costs fall
STOCKHOLM (Reuters) – Sweden-based automaker Volvo Cars reported a rise in third-quarter operating earnings on Thursday driven by strong volumes and lower costs for semiconductors …
Union contract costs, slack demand to pinch UPS profit
By Lisa Baertlein and Priyamvada C (Reuters) – Wall Street analysts expect United Parcel Service to report a sharp drop in third-quarter profit on Thursday …
Chile’s Cochilco says large-scale copper mining costs keep growing
SANTIAGO (Reuters) – The costs of large-scale copper mining in Chile kept rising due to lower production and rising service costs, a report from the …
Japan to extend until April 2024 subsidies to curb fuel costs – stimulus package draft
TOKYO (Reuters) – Japan’s government will extend until the end of April next year subsidies aimed at curbing fuel prices, according to a draft of …
Profits of US mid-sized banks likely to be squeezed by higher funding costs
By Manya Saini and Niket Nishant (Reuters) – U.S. mid-sized banks will likely need to shell out more to retain deposits in the next few …
Alaska Air cuts profit view as rising labor costs cast shadow
(Reuters) – Alaska Air Group cut its full-year profit outlook on Thursday on rising labor expenses, as airlines draw up costly contracts to retain employees. …
Factbox-Elon Musk on interest rates, uncertainty and Tesla’s costs
(Reuters) – Tesla CEO Elon Musk spent much of a call with analysts and investors on the electric car maker’s earnings discussing what he sees …
KKR offered to take on extra costs, staff to sweeten TIM bid-sources
By Elvira Pollina MILAN (Reuters) – U.S. fund KKR has strived to structure its offer for the fixed line of Telecom Italia (TIM) in a …
AI should cut pensions costs, highlight risks -report
LONDON (Reuters) – Artificial intelligence should improve pensions performance by cutting costs and highlighting upcoming risks, the Mercer CFA Institute’s global pensions report said on …
Instant View: Gas and shelter costs send US consumer prices higher in Sept
NEW YORK (Reuters) – U.S. consumer prices increased in September amid higher costs for rent and gasoline, but underlying inflation is slowing, supporting financial market …
‘Cast A Long Shadow’: UAW Strike Costs Billions In Losses With No End In Sight
‘Cast A Long Shadow’: UAW Strike Costs Billions In Losses With No End In Sight Will Kessler on October 7, 2023 The United Auto Workers …
Costs mount as migration-related delays stall trucks at US-Mexico border
By Jose Luis Gonzalez and Brendan O’Boyle MEXICO CITY (Reuters) – Trucks attempting to enter the United States from Mexico queued for miles on Wednesday …
In Singapore, a certificate to own a car now costs $106,000
By Xinghui Kok SINGAPORE (Reuters) – To own a car in Singapore, a buyer must bid for a certificate that now costs $106,000, equivalent to …
Mexican border state: costs of ‘migrant crisis’ reach nearly $1 billion
MEXICO CITY (Reuters) – The costs of spiking migration for a key Mexican border state due to a sharp downturn in U.S.-bound cargo trucks total …
Robinhood sees $100 million costs tied to regulatory issues in third quarter
(Reuters) – Robinhood Markets expects a $100-million charge in the third quarter to resolve some legal and regulatory matters that were previously disclosed, the trading …
Russia to double costs of servicing state debt by 2026 as war costs grow
By Darya Korsunskaya and Alexander Marrow (Reuters) – Russia’s annual budget spending on servicing its state debt will more than double to 3.32 trillion roubles …
Dick’s Sporting Goods’ proposed holiday hiring slips to 8,600 amid higher labor costs
(Reuters) – Athletic-wear retailer Dick’s Sporting Goods said on Tuesday it would recruit 8,600 workers across the United States for the holiday shopping season, less …
Not much exciting about Aussie banks as high costs pressure earnings – Macquarie
(Reuters) – Rising wage costs and higher investment spending by Australian banks pose headwinds that could potentially impact the sector’s earnings by up to 10% …
US hotel loan defaults could rise on falling leisure stays, climbing costs
By Matt Tracy (Reuters) – U.S. hotel owners could see greater pressure on their ability to service the loans backing their properties, as a decline …
US junk debt issuers use window to extend liabilities but at higher costs -Morgan Stanley
By Matt Tracy (Reuters) – U.S. junk-rated companies are using a more favorable debt issuance window this year to extend billions of dollars of short-term …
Fed losses breach $100 billion as interest costs rise
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve losses breached the $100 billion mark, central bank data released on Thursday showed, and they’re …
‘You’re Not Going To Have Deliveries’: Former Trump Official Predicts Higher Costs From Biden’s Electric Truck Push
‘You’re Not Going To Have Deliveries’: Former Trump Official Predicts Higher Costs From Biden’s Electric Truck Push Harold Hutchison on September 8, 2023 A former …
Costs divide rich, poor countries ahead of WHO pandemic treaty talks
By Deborah J. Nelson, Ryan McNeill and Helen Reid LONDON (Reuters) – Health officials from around the world, as they gather to discuss a treaty …
British home prices to fall 4% in 2023 as borrowing costs bite – Reuters poll
By Jonathan Cable LONDON (Reuters) – British home prices will fall 4% this year, more than was thought a few months ago, as high interest …
Japan’s factory activity shrinks, squeezed by costs – PMI
TOKYO (Reuters) – Japan’s factory activity shrank for a third straight month in August, a survey showed on Friday, as manufacturers were squeezed by cost …
Idalia to boost Florida apartment insurance costs further
By Matt Tracy (Reuters) – Hurricane Idalia is expected to increase insurance costs for Florida commercial real estate (CRE), particularly owners of apartments and other …
Column-US Medicare drug negotiations a good start on bringing down healthcare costs
By Mark Miller (Reuters) – An important Biden administration effort to control the soaring cost of prescription drugs made headlines this week – but drug …
Campbell Soup sees upbeat annual profit on easing costs, snack demand
By Deborah Mary Sophia (Reuters) – Campbell Soup forecast annual profit largely above Wall Street estimates on Thursday, encouraged by easing costs and steady demand …
Jif peanut butter maker J.M. Smucker lifts profit forecast on higher prices, lower costs
(Reuters) – Jif peanut butter maker J.M. Smucker on Tuesday raised its annual profit forecast on higher prices of its jams, jellies and pet food …