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…
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 Tuesday, with the Netherlands in top spot…
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 expectations that the Federal Reserve would not…
‘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 (UAW) strike has caused billions in economic…
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 amid delays related to record migration at…
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 four Toyota Camry Hybrids in the U.S.,…
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 nearly $1 billion over about two weeks,…
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 app operator said on Friday. The company…
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 ($34.24 billion) between now and 2026 as…
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 than its proposed hiring for the same…
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% in the near term, analysts at Macquarie…
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 in leisure stays coupled with rising costs…
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 liabilities. But they were doing so at…
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 likely to go a lot higher before…
‘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 Trump administration official predicted that President Joe…
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 addressing pandemic prevention next week, are struggling…
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 rates and living costs keep potential buyers…
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 pressures from raw material inflation and rising…
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 multifamily properties already grappling with soaring premiums…
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 costs are just one part of a…
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 for its snacks even as inflation-weary consumers…
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 products as well as moderating costs of…
Dick’s Sporting shares slide as costs, inventory shrink slam annual profit outlook
(Reuters) – Dick’s Sporting Goods shares slumped as much as 24.5% on Tuesday as the footwear retailer slashed its full-year profit target after missing expectations for the second quarter. The company said…
Colombia’s Grupo Aval cuts 2023 loan forecast after ‘exorbitant costs’
By Sarah Morland and Marion Giraldo (Reuters) – Colombian financial conglomerate Grupo Aval on Thursday cut its 2023 loan growth forecast and hiked its cost of risk estimate, a day after it…
Brazil’s Magalu blames wider quarterly loss on high borrowing costs
SAO PAULO (Reuters) – Brazilian retailer Magazine Luiza reported on Monday a second-quarter adjusted net loss of 198.8 million reais ($40 million), blaming the country’s high interest rate for hitting its financial…
EV maker Canoo posts smaller-than-expected loss on lower costs
(Reuters) – Electric-vehicle maker Canoo posted a smaller-than-expected quarterly loss on Monday on lower research and development costs, sending its shares up 2% in extended trading. The company also unveiled its new…
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