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…
Gold set for worst week since November as safe-haven demand eases
By Brijesh Patel – Gold was on track for its biggest weekly drop in nearly four months on Friday, after demand for the safe-haven metal was hit by hopes of progress in…
Lennar forecasts strong Q2 profit on soaring demand for homes
– U.S. homebuilder Lennar Corp on Thursday forecast current-quarter profit above Street estimates, as strong demand for costlier homes continue to buoy its performance amid the supply challenges faced by the industry.…
Demand for sustainable funds wanes as Ukraine war puts focus on oil and gas
By Patturaja Murugaboopathy and Simon Jessop LONDON – Demand for sustainable stock funds waned in February as Russia’s invasion of Ukraine hit investor sentiment and higher gas prices and energy security fears…
‘Significant Uncertainty’: Mortgage Demand Plummets Amid Sky-High Rates, Massive Inflation
‘Significant Uncertainty’: Mortgage Demand Plummets Amid Sky-High Rates, Massive Inflation Harry Wilmerding on March 16, 2022 Mortgage demand plummeted in mid March after a sharp increase in rates and inflation, the Mortage…
Russians’ demand for VPNs skyrockets after Meta block
– As Russia blocked access to Meta Platforms Inc’s flagship social media platforms, Facebook and Instagram, demand from internet users for tools to skirt the restrictions skyrocketed, data from a monitoring firm…
As EV demand rises, Biden officials warm to new mines
By Ernest Scheyder HOUSTON – U.S. regulators are warming to approving new domestic sources of electric vehicle battery metals, as Washington bids to avoid a reliance on strategic minerals imports similar to…
Global LNG demand growth shifts from Asia to Europe on Russia sanctions
By Isabel Kua SINGAPORE – Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to the super-chilled…
Soaring prices set stage for eventual reversal of oil, gas demand
By Sabrina Valle, Arathy Somasekhar and Liz Hampton HOUSTON – Oil prices running at their hottest level in 14 years are poised to cut post-COVID pandemic fuel demand as consumers react to…
Iran says Russian demand at nuclear talks ‘not constructive’ – report
DUBAI – Iranian officials said Russia’s demands at talks on Iran’s nuclear deal in Vienna are “not constructive”, Iran’s semi-official Tasnim news agency reported on Monday, citing an article in The Guardian…
Citigroup hikes U.S. equities to ‘overweight’, sees demand for growth stocks
– Citigroup upgraded U.S. equities to “overweight” rating on Thursday on analysts’ expectations of a revival in appetite for growth stocks due to a sharp drop in bond yields following the Ukraine-Russia…
U.S. December oil demand hits highest since before pandemic -EIA
-U.S. oil demand rose in December to its highest level since before the coronavirus pandemic began, the U.S. Energy Information Administration (EIA) said on Monday, with product supplied nearing 21 million barrels…
Australia’s Lynas posts record profit on rare earths demand
– Australia’s Lynas Rare Earths Ltd posted a record first-half profit on Friday, helped by a surge in demand for the minerals used in electric vehicles amid a global push for reducing…
China vows to keep property market stable, meet demand this year
BEIJING -China’s housing minister pledged on Thursday to keep the real estate market stable this year and ensure genuine demand for homes is met, after a series of regulations aimed at reining…
Tesla to expand parts production in Shanghai to meet export demand -document
SHANGHAI – Tesla Inc plans to expand parts production at its Shanghai factory to meet growing demand for exports, according to a document it filed with the city government. The automaker will…
Cooling home improvement demand may pressure Home Depot, Lowe’s 2022 sales
By Uday Sampath Kumar – Home Depot Inc and Lowe’s Cos Inc may warn of a slowdown in 2022 sales when they report their quarterly results next week to reflect a potential…
C$ clings to weekly gain as consumer demand shows resilience
By Fergal Smith TORONTO – The Canadian dollar was little changed against its U.S. counterpart on Friday as investors weighed diplomatic efforts to avoid a Russian invasion of Ukraine and preliminary domestic…
British warehousing firm Segro rides surge in demand for quick delivery
-British warehousing firm Segro said on Friday the growing popularity of rapid delivery services is fuelling strong demand across its markets after it reported a 20% jump in annual profit, sending its…
Chinese cities ease home purchase down-payments to reignite demand
BEIJING -A handful of Chinese cities are starting to relax down-payment rules for home purchases in a bid to re-ignite buyer interest and put a floor under local economies weakened by a…
Insurer NN Group plans 1 billion euros share buyback as demand remains strong
AMSTERDAM – Dutch insurer NN Group on Thursday announced a 1 billion euros ($1.14 billion) share buyback, as demand for insurance remained strong in the second half of last year, driven by…
3M sees earnings hit from waning mask demand
– Industrial giant 3M Co on Monday forecast a slower pace of sales growth in 2022 and a 45 cent hit to its per-share earnings, as demand for its masks wanes due…
Demand shock behind global bottlenecks should ease in months-WTO
BRUSSELS – Global trade bottlenecks are more the result of demand spikes than supply chain snags, with pressure likely to ease in the coming months, the World Trade Organization’s chief economist said…
‘Only A Small Cushion’: Oil Prices Surge Again As Demand Approaches Highest Level Ever
Global crude oil prices surged Friday, continuing their steady approach toward $100 per barrel, as a top energy group projected greater demand through 2022. The West Texas Intermediate (WTI) crude oil index,…
Swiss labour unions launch demand for SNB cash to bail out pensions
ZURICH -The Swiss Trade Union Federation (SGB) decided on Friday to launch a campaign for a referendum on tapping into the Swiss National Bank’s cash pile to help shore up the national…
Mattel forecasts full-year earnings above estimates as toy demand holds strong
By Deborah Mary Sophia and Uday Sampath Kumar – Mattel Inc forecast full-year profit above estimates on Wednesday, with the company confident robust demand for its Barbie dolls and other toys will…
Republicans Demand Answers From DHS On Why Texas Synagogue Hostage Taker Was Allowed To Enter US
Republican House members urged the Department of Homeland Security (DHS) to answer questions about why the Texas synagogue hostage taker was allowed to enter the country in a Wednesday letter. “Last month,…
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