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…
O’Scanlon: Murphy Should Explain Cuts in Municipal Aid & Delays in Assistance for Rising Health Care Costs that Will Drive Property Tax Increases
Sen. Declan O'Scanlon said Gov. Phil Murphy should explain cuts to municipal aid that appear in his budget proposal for next year, which will drive large property tax increases when paired with…
EXCLUSIVE: GOP Rep Introduces Legislation To Make China Pay For America’s COVID Costs
EXCLUSIVE: GOP Rep Introduces Legislation To Make China Pay For America’s COVID Costs Jennie Taer on February 28, 2023 Republican Florida Rep. Brian Mast introduced legislation to hold the Chinese Communist Party…
Mexico’s Alsea profit slides as rising costs, exchange rate, taxes bite
MEXICO CITY (Reuters) -Mexican restaurant chain operator Alsea reported on Monday a 31% drop in its fourth-quarter net profit from a year earlier, hit by higher energy and raw materials costs and…
Citigroup expects $190 million of costs tied to Russia wind-down
(Reuters) – Citigroup Inc said on Monday it was expecting $190 million of costs tied to winding down its consumer and institutional banking business in Russia, as of the end of last…
VP tells Maryland residents struggling with high energy costs that energy costs are down
BOWIE, MD – Vice President Kamala Harris looked the public in the eye this week and declared the Biden-Harris administration has lowered energy costs for Americans. It was yet another example of…
Falling gas costs, rising carbon prices spur change in fuel dynamics
PARIS (Reuters) – Falling gas prices over recent weeks have paired with rising coal and carbon costs to make European power generation from gas-fired power plants more economical, marking a trend reversal…
Major Coca-Cola bottler warns prices, glass costs will rise further
By Richa Naidu LONDON (Reuters) – Coca-Cola Europacific Partners told Reuters on Thursday it expects to hike prices further, and said glass costs would rise by the “mid-teen to low double digits”…
Nestle plans price hikes after costs eat into profits
By John Revill and Richa Naidu ZURICH/LONDON (Reuters) -The world’s biggest food group Nestle will lift prices again this year, Chief Executive Mark Schneider said on Thursday, after more costly ingredients contributed…
Insurer AIG profit shrinks as storm-related costs, weak investment returns hit
(Reuters) – U.S. insurer American International Group reported a near 24% fall in fourth-quarter profit on Wednesday, hurt by losses tied to a winter storm that hit parts of North America late…
Bucco: Murphy Passes the Buck on Public Employee Pension & Health Benefit Costs to Property Taxpayers
Sen. Anthony M. Bucco said Gov. Phil Murphy is passing the buck to property taxpayers after his mismanagement led to surging costs in public employee pensions and health benefits for local governments.…
Gold miners may see margins shine as energy, labor costs edge lower
By Arshreet Singh (Reuters) – Gold miners are set to report healthier margins for the fourth quarter as higher energy and labor costs, which dented bottom-lines for much of 2022, are expected…
CVS Health beats quarterly profit estimates on lower medical costs
(Reuters) – CVS Health beat quarterly profit estimates on Wednesday, as a decline in hospitalizations from COVID-19 helped bring down medical costs at its Aetna insurance business. The company posted an adjusted…
Shoppers to face fresh price hikes as stores, suppliers pass on costs
By Richa Naidu LONDON (Reuters) – Shoppers around the world will pay even more for groceries this year than they did in 2022, according to retailers, consumer goods firms and investors, unless…
Suncorp cash earnings jump on strong margins and investment returns, shares up
By Roushni Nair (Reuters) -Australia’s Suncorp Group posted a 63% jump in first-half cash earnings on Wednesday, helped by strong underlying margins and investment returns, while the insurer flagged higher reinsurance and…
Analysis-Dollar’s gyrations raise hedging costs for U.S. companies
By Laura Matthews NEW YORK (Reuters) – Wild swings in global currencies hammered corporate earnings in the past year, and while forex markets have gotten less choppy, some companies are seeking ways…
Wall Street regulator may ease climate costs rule, WSJ reports
(Reuters) – The U.S. Securities and Exchange Commission may soften a proposed rule governing corporate disclosure of climate-related costs as a result of industry push-back, the Wall Street Journal reported on Friday.…
Aptiv says no EV production surge yet after price cuts
(Reuters) -Executives at auto parts supplier Aptiv Plc said on Thursday they do not yet see a surge in electric vehicle (EV) production after recent price cuts by its client Tesla Inc…
India’s largest mortgage lender HDFC misses Q3 profit view on higher funding costs
BENGALURU (Reuters) – Housing Development Finance Corp (HDFC), India’s largest mortgage lender, reported a 13.2% rise in third-quarter profit on Thursday, missing estimates, as higher funding costs took the shine off strong…
Falling costs may boost McDonald’s, other restaurant profits in 2023
By Hilary Russ NEW YORK (Reuters) – With the cost of butter plunging nearly 16% in a month and wholesale broiler chickens getting cheaper, some big restaurant chains including McDonald’s and Starbucks…
County officials to pay $7.5 million local costs to pay for latest beach erosion replenishment
TOMS RIVER – It will cost the Jersey Shore $60 million for another round of beach replenishment after a series of coastal storms eroded large portions of the Army Corps of Engineers…
Davos Speaker Details The ‘Horrific’ Costs Of Mining Key Metal Used In Electric Car Batteries
Davos Speaker Details The ‘Horrific’ Costs Of Mining Key Metal Used In Electric Car Batteries Harold Hutchison on January 17, 2023 A speaker at the World Economic Forum (WEF) held at Davos,…
Germany falls to bottom rung of investment ranking on energy costs, labour shortage
(Reuters) – Germany’s attractiveness as an investment location has fallen four places to 18th of 21 in a ranking of industrial economies by economic research institute ZEW, newspaper Augsburger Allgemeine reported on…
Greek economy to slow in 2023 as energy costs, Ukraine war hit spending -OECD
ATHENS (Reuters) -Greece’s economic growth is likely to slow to just 1.1% this year from a 5.1% clip in 2022 as soaring energy costs and continued uncertainty about the war in Ukraine…
McDonald’s Japan hikes prices for 3rd time in 10 months on surging costs
By Rocky Swift TOKYO (Reuters) – The Japanese operator of McDonald’s restaurants announced its third price hike in less than a year on Friday in the latest sign of compounding inflationary pressures…
Tesla, EV rivals absorb costs after China pulls plug on subsidy
SHANGHAI (Reuters) – China’s decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including Tesla, to deepen discounts to maintain sales as demand eases in the…
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