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…
DTE Energy beats profit estimates on lower costs, non-utility gains
(Reuters) – U.S. electric and gas utility firm DTE Energy Co beat estimates for first-quarter profit on Thursday, as lower costs and upbeat performance of a unit that develops energy projects partially…
CenterPoint Energy beats profit estimates on lower operating costs
(Reuters) – CenterPoint Energy Inc beat first-quarter profit expectations on Thursday, as lower operating and maintenance costs outweighed the impact of high interest expenses and mild winter. The electric and gas utility…
UK food banks give out record amount as rising living costs drive hardship
LONDON (Reuters) – Britain’s biggest food bank network said the amount of emergency food parcels it distributed rose 37% to a record 3 million in the year to March as more people…
Lower output, high costs to pressure Newmont, Barrick earnings
By Arunima Kumar (Reuters) – North American gold miners Newmont Corp and Barrick Gold Corp are expected to post lower quarterly profits as a fall in production and higher costs offset gains…
Philip Morris trims annual profit forecast on elevated costs
(Reuters) -Marlboro maker Philip Morris International Inc cut its full-year profit forecast on Thursday, hit by rising tobacco leaf prices, energy and labor costs. Shares of the company fell about 2% in…
Alaska Air posts bigger-than-expected loss as costs mount
(Reuters) – Alaska Air Group on Thursday reported a bigger-than-expected quarterly loss as higher expenses related to labor and fuel dented the carrier’s margins. As more people plan their travel after the…
As EV costs tumble in China, an export wave builds
SHANGHAI (Reuters) – Elon Musk has said the only thing holding back electric vehicle (EV) sales is their price. Companies like BYD are solving that problem in China – and getting ready…
China’s Xpeng aims to cut costs with new vehicle manufacturing platform
SHANGHAI (Reuters) – China’s electric vehicle (EV) maker Xpeng unveiled on Sunday a new platform it developed in-house for making vehicles, which it said will reduce the development and manufacturing costs for…
Brazil inflation seen staying high in March on rising gasoline costs
By Gabriel Burin (Reuters) – Brazil’s inflation likely stayed high in March on rising gasoline bills, reigniting cost of living problems in the country’s stagnant economy and probably stoking more disagreement over…
NYC Forced to Cut Costs as Influx of Migrants Bused In
Jason Cohen on April 5, 2023 Democratic New York City Mayor Eric Adams has notified the majority of city agencies that they must make additional budget cuts following an unprecedented wave of…
Risks loom over China’s top tier banks from property downturn, higher costs
By Ziyi Tang and Ryan Woo BEIJING (Reuters) – China’s largest banks will see near-term revenue and margin pressures on a persisting property sector downturn, higher costs and a worsening global macro…
Gavin Newsom’s State Insulin Program Could End Up Raising Costs
Gavin Newsom’s State Insulin Program Could End Up Raising Costs Jason Cohen on March 31, 2023 Democratic California Gov. Gavin Newsom announced on March 18 an agreement with nonprofit generic drugmaker Civica…
Ford raises F-150 Lightning prices again to battle high costs
(Reuters) -Ford Motor Co on Thursday raised prices of some models of its popular F-150 Lightning electric pickup truck again, the latest in a series of price hikes aimed at offsetting high…
S. Korea calls for lenders’ cooperation to lower borrowing costs
SEOUL (Reuters) -South Korea’s top financial regulator on Friday called on the country’s major banking groups to cooperate with the government’s efforts to help cut borrowing costs for vulnerable people. “There have…
Yellen: Inflation likely to come down on lower supply chain pressures, shipping costs
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that supply chain pressures and shipping costs were coming down and were eventually likely to bring down inflation. She also said…
Business costs soar as Russia sanctions bite – survey
By Jonathan Saul LONDON (Reuters) – Insurance and compliance costs for transport companies are set to stay high after Western countries imposed trade restrictions on Russia with the prospect of broader sanctions…
Electrolux says costs cuts on track at North America plants
STOCKHOLM (Reuters) – Electrolux, Europe’s biggest appliances maker, said on Monday it was on track to slash costs at underperforming plants in North America as part of its ongoing efficiency programme in…
A dog’s (longer) life: How to cover health costs for aging pets
By Chris Taylor NEW YORK (Reuters) – Jean Elliott has adopted a number of senior dogs over the years, the most recent being Auggie, a 12-year-old Pekingese relinquished at a shelter. When…
Economists warn of costs if US Medicare covers new obesity drugs
By Nancy Lapid (Reuters) – The cost of expanding U.S. Medicare prescription drug coverage to pay for expensive, new obesity medications could be catastrophic, health economists warned in a report published on…
CERAWEEK-Renewable energy investors squeezed by higher interest rates, costs
By Isla Binnie and David French NEW YORK/HOUSTON (Reuters) – Corporations and investors have been pouring money into renewable energy projects, seeing an opportunity to grasp the Holy Grail of socially conscious…
Speaker McCarthy Unveils Key Legislation To ‘Lower Energy Costs,’ Make China ‘Dependent’ On American Natural Gas
Speaker McCarthy Unveils Key Legislation To ‘Lower Energy Costs,’ Make China ‘Dependent’ On American Natural Gas Harold Hutchison on March 9, 2023 House Speaker Kevin McCarthy told Fox Business host Larry Kudlow…
Brown-Forman misses quarterly profit estimates as costs weigh
(Reuters) – Brown-Forman Corp missed Wall Street expectations for third-quarter profit on Wednesday, as the Jack Daniel’s whiskey maker struggled to keep a tight lid on costs. Spirit makers such as Brown-Forman…
BOJ policymaker calls for vigilance on costs of ultra-easy policy
By Leika Kihara and Takahiko Wada TOKYO/YOKOHAMA, Japan (Reuters) -The Bank of Japan (BOJ) must always stand ready to mitigate the side-effects of prolonged monetary easing, even as it maintains massive stimulus,…
US fourth-quarter labor costs revised higher; productivity growth lowered
WASHINGTON (Reuters) – U.S. labor costs grew faster than initially thought in the fourth quarter, though the pace has slowed from the prior quarters. Unit labor costs – the price of labor…
Brazil’s Ambev sees higher costs in 2023 as Q4 net profit rises 36%
SAO PAULO (Reuters) – Ambev SA said on Thursday it expects the cost of goods sold per hectoliter at its beer business in Brazil to rise by 6% to 9.9% in 2023,…
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