Senators demand emergency session over looming 37 percent health benefit hike for NJ public workers
New Jersey Senate Republicans are demanding an emergency legislative session to address a proposed 37% spike in public employee health premiums, warning of widespread consequences for taxpayers, municipalities, and school budgets if…
STMicro sees Q1 sales well below estimates as auto chip demand softens
By Michal Aleksandrowicz (Reuters) -European chipmaker STMicroelectronics on Thursday forecast a more than 15% drop in first-quarter revenue, well below market expectations, due to softer automotive demand and a further decline in…
Crown Castle beats annual site rental revenue estimate on steady demand
(Reuters) – Wireless tower operator Crown Castle beat Wall Street estimates for annual site rental revenue on Wednesday, driven by steady demand for its communications infrastructure. Shares of the Houston, Texas-based rose…
United Rentals fourth-quarter profit rises 6.25% on equipment demand
(Reuters) – Equipment rental firm United Rentals on Wednesday posted a 6.25% rise in fourth-quarter profit, on the back of robust demand for industrial tools. U.S. companies have ramped up their manufacturing…
Kinder Morgan remains bullish on natural gas demand growth
By Mrinalika Roy (Reuters) – Kinder Morgan said on Wednesday it continues to have a bullish outlook for natural gas demand banking on higher demand from liquefied natural gas (LNG) export facilities…
Chipotle to hire 19,000 additional workers for peak demand season
(Reuters) – Chipotle Mexican Grill said on Wednesday it is looking to hire 19,000 additional employees to beef up workforce at its restaurants for its busiest time of the year. The restaurant…
Tin shackled by surplus, but green industry demand poised to mop up supplies
By Pratima Desai LONDON (Reuters) – The potential for a build-up of tin supplies this year is likely to put pressure on prices, but accelerating demand from the energy transition sector, including…
Oilfield firm Baker Hughes beats profit estimates on international demand, LNG bets
(Reuters) -U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as well as offshore…
PACCAR beats quarterly profit, revenue estimates on demand for newer truck models
(Reuters) – PACCAR Inc beat estimates for fourth-quarter profit and revenue estimates on Tuesday, on sustained demand for its fuel-efficient truck models. Shares of the U.S. truck maker were up 1.5% in…
Euro zone banks expect small bounce in loan demand – ECB poll
FRANKFURT (Reuters) -Euro zone banks expect a small rebound in the demand for mortgages and corporate loans for the first time in two years as a slump in lending shows early signs…
Super Micro Computer shares surge as AI server demand powers big forecast raise
By Akash Sriram (Reuters) – Shares of Super Micro Computer jumped about 25% to a record high on Friday after the company projected quarterly results well above its current estimates due to…
Cuban soup kitchen sees soaring demand as economic crisis deepens
By Alien Fernandez and Dave Sherwood HAVANA (Reuters) – Cuban Elda William, a 60-year old former psychologist, had been making ends meet selling cellphone plans – until a sewage pipe at her…
US semiconductor index jumps as TSMC signals strong AI chip demand
By Caroline Valetkevitch NEW YORK (Reuters) – An index of semiconductor stocks was up more than 2% on Thursday and chip stocks were helping the broader market after Taiwan Semiconductor Manufacturing cited…
Lufthansa pulling flight capacity from other countries to meet booming India demand
By Aditi Shah HYDERABAD, India (Reuters) – Lufthansa is pulling flight capacity from other countries to meet booming travel demand in India, which is now the German airline’s fastest-growing major market, Chief…
Fastenal beats results estimates on robust demand for onsite products
(Reuters) – Fastenal surpassed fourth-quarter profit and revenue estimates on Thursday, as higher demand from manufacturers for its onsite products boosted sales of its products, such as safety gloves, power tools and…
Credit data firm Experian’s revenue rises on resilient demand
(Reuters) -Credit data firm Experian posted a 9% rise in third-quarter revenue on Tuesday, powered by strong demand for its new products and business wins, especially in the Latin America region. Experian’s…
TSMC’s Q4 profit to slide 23%, focus on rebounding demand this year
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 23% drop in fourth-quarter profit on Thursday, but analysts predict better growth this year on the back of rebounding…
US power prices soar ahead of extreme cold and record natgas demand
By Scott DiSavino (Reuters) – Frigid weather moving into the central U.S. will boost natural gas demand to record highs early next week, according to analysts forecasts, putting power and gas prices…
Australia job vacancies dip in Nov qtr, labour still in demand
SYDNEY (Reuters) – Job vacancies in Australia fell only slightly in the three months to end-November, suggesting demand for workers remained strong even if the labour market was loosening a little overall.…
Taiwan Dec exports beat forecasts as demand from US surges, slips from China
By Liang-sa Loh and Faith Hung TAIPEI (Reuters) – Taiwan’s exports rose more than expected in December on stronger demand for high-tech products from the United States, but the recovery is expected…
Abercrombie & Fitch lifts holiday sales forecast on robust demand
(Reuters) -Abercrombie & Fitch on Monday raised its forecast for fourth-quarter and annual net sales, after strong demand for its apparel brands during the key holiday shopping period. The company and Lululemon…
J.P. Morgan sees oil demand growth at its slowest in nine months in December
(Reuters) – Early data indicates global oil consumption in December grew at the slowest pace in nine months, J.P. Morgan said in a note on Friday. The research firm, however, said despite…
Constellation Brands misses quarterly sales estimates on tepid wine, spirits demand
(Reuters) – Corona beer maker Constellation Brands’ third-quarter sales fell short of market expectations on Friday, as demand for its higher-priced spirits and wines slowed down in the face of sticky inflation.…
Global money market funds see big demand as rate cut euphoria fades
(Reuters) – Investors moved hefty amounts into global money market funds in the seven days leading to Jan. 3 as caution set in ahead of key U.S. employment reports which may influence…
India’s services growth at three-month high in Dec on buoyant demand -PMI
By Shaloo Shrivastava BENGALURU (Reuters) – India’s services sector ended 2023 on a firm footing, with activity expanding at its fastest pace in three months in December on buoyant demand and an…
U.S. natgas producers seek to balance production cuts, demand rebound
(Reuters) – The longer natural gas prices stay lower in 2024 and drilling and related activity pulled back, the market could overshoot to both the downside and upside next year as it…
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