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…
Disney Explores AI in Attempt to Cut Costs
If you’re a Disney fan in New Jersey, you’re familiar with the company’s extensive use of AI in hit movies like Star Wars, Indiana Jones, Guardians of the Galaxies, and more. Now,…
Harvard cannot recoup $15 million from insurer for race case costs, court rules
By Nate Raymond BOSTON (Reuters) – Harvard University on Wednesday lost a bid for an insurer to cover up to $15 million of the costs of defending itself in a lawsuit that…
Australian July business conditions hold firm, costs jump anew
SYDNEY (Reuters) – Australian business conditions again proved solid in July with sales, profits and employment all above average, while a spike in labour costs and prices suggested inflationary pressures had yet…
Cruise operators plan to hike prices as costs rise, demand swells
By Doyinsola Oladipo and Granth Vanaik NEW YORK (Reuters) – Cruise vacations in the past year have emerged as a popular option among consumers in search of cheaper ways to travel, but…
US productivity surges in second quarter; labor costs growth slows
WASHINGTON (Reuters) – U.S. worker productivity rebounded sharply in the second quarter, helping to curb growth in labor costs and offering another boost to the improving inflation outlook. Nonfarm productivity, which measures…
Cummins misses profit expectations on high manufacturing costs
(Reuters) – Engine maker Cummins reported a second-quarter profit on Thursday that missed analysts’ estimates, hurt by high manufacturing costs. The company’s shares fell 3.8% to $252.20 in premarket trading. Increasing production…
MGM Resorts beats second-quarter profit estimates, but sees higher costs
(Reuters) – MGM Resorts International beat Wall Street profit estimates for the second quarter on Wednesday, as visitor rebound in China surpassed pre-pandemic levels. However, costs for casino operations, hotel rooms and…
Chesapeake Energy sees 5% to 7% drop in oilfield service costs in 2024
By Arathy Somasekhar HOUSTON (Reuters) – U.S. oil and gas company Chesapeake Energy on Wednesday said it expects deflation in oilfield service costs by 5% to 7% next year as weaker drilling…
Casino operator Caesars Entertainment posts surprise loss on higher costs
(Reuters) – Caesars Entertainment reported a surprise adjusted loss in the second quarter, as revenue growth from its casino operations was offset by higher costs and interest expense, sending its shares down…
China vows lower business financing costs, support for property sector in H2
BEIJING (Reuters) – China will lower financing costs for firms, stabilise market expectations and support the property sector in coming months, the central bank said on Tuesday amid a flagging economic recovery.…
New Nuclear Reactor Goes Online After Years Of Delays And Bloating Costs
New Nuclear Reactor Goes Online After Years Of Delays And Bloating Costs Nick Pope on July 31, 2023 The Plant Vogtle Unit 3 nuclear reactor went online Monday outside of Augusta, Georgia,…
Biden Bureaucrat Has Supported Higher Energy Costs To Push The Green Transition. She’s On Her Way With A New Rule
Biden Bureaucrat Has Supported Higher Energy Costs To Push The Green Transition. She’s On Her Way With A New Rule Nick Pope on July 31, 2023 Ann Carlson, acting administrator of the…
Biden Admin Is One Step Closer To Paying You With Your Own Money To Cover Costs They Are Creating
Biden Admin Is One Step Closer To Paying You With Your Own Money To Cover Costs They Are Creating Nick Pope on July 28, 2023 The Department of Energy (DOE) is one…
US labor costs growth slows in second quarter
WASHINGTON (Reuters) – U.S. labor costs increased less than expected in the second quarter as wage growth cooled a bit, offering a boost to the Federal Reserve in the fight against inflation.…
Liberty Mutual to stop offering business owner’s policy in California as costs bite
(Reuters) – Property and casualty insurer Liberty Mutual will stop offering its business owner’s policy (BOP) product in wildfire-prone state California from Oct. 1, in a sign that cost inflation and higher…
U.S. fast-food chains report fatter margins as cheese, chicken, avocado costs fall
By Deborah Mary Sophia and Kailyn Rhone (Reuters) – Major U.S. restaurant chains including burger giant McDonald’s saw lower ingredient costs, especially for chicken, cheese and avocado, drive profit margins in the…
Auto parts distributor LKQ cuts profit outlook as commodity costs bite
(Reuters) – Auto parts distributor LKQ Corp lowered its full-year profit and sales guidance on Thursday, as falling commodity prices drag down growth prospects. LKQ, which also sells scrap and other materials…
Western car makers look to slash EV costs to fight Chinese ‘invasion’
By Gilles Guillaume and Giulio Piovaccari PARIS (Reuters) – Western automakers are fretting about an “invasion” of cheap Chinese electric cars in Europe, prompting France’s Renault to say on Thursday it was…
US restaurants set for second-half profit boost as costs ease, demand stays firm
By Deborah Mary Sophia (Reuters) – Restaurant chains including McDonald’s and Chipotle Mexican Grill are expected to report strong profits in the second half of 2023 as commodity costs finally ease at…
Copper miners squeezed by lower prices, higher labor costs
By Arshreet Singh (Reuters) – Major North American copper miners are likely to report a fall in second-quarter profits, as global growth concerns dented realized prices for the red metal and labor…
Strong US apartment construction suggests slide in rental costs
By Safiyah Riddle (Reuters) – A surge in U.S. rental home construction could soften rent prices in the months ahead, a much-awaited milestone in the Federal Reserve’s effort to tame inflation even…
Exclusive-China’s CITIC to move dozens of Hong Kong bankers to mainland to cut costs -sources
By Selena Li and Xie Yu HONG KONG (Reuters) – China’s CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut…
Chile miners, facing higher taxes, seek faster permits, lower energy costs
By Fabian Cambero SANTIAGO (Reuters) – Now that Chile has passed an increase in mining royalties, copper miners are pushing for incentives to keep investing in production of the metal needed for…
Toronto home prices fall in June as borrowing costs rise
TORONTO (Reuters) – Greater Toronto Area (GTA) home prices fell in June, the first drop in five months, as the Bank of Canada’s move to restart its interest rate hiking campaign injected…
Biden Admin Greenlights ‘Massive’ New Jersey Offshore Wind Project Despite Rising Costs
Biden Admin Greenlights ‘Massive’ New Jersey Offshore Wind Project Despite Rising Costs Nick Pope on July 5, 2023 The Biden administration on Wednesday approved a major offshore wind project off the coast…
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