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…
Ocean County Lawmakers Demand Murphy Put Orsted Funds Into Education Funding
TOMS RIVER, NJ – After Orsted, a foreign wind developer, canceled its offshore wind projects in New Jersey, Senator Jim Holzapfel and Assemblymen Greg McGuckin and John Catalano are calling for the…
Sensor maker TE Connectivity beats profit target on steady demand from EV makers
(Reuters) – TE Connectivity beat Wall Street expectations for fourth-quarter profit on Wednesday as demand for its sensor technology was buoyed by steady sales of electric vehicles (EVs) across the globe. Customers…
‘Must Not Surrender’: House Republicans Demand Big Spending Cuts To Fund Government Ahead Of New Shutdown Deadline
‘Must Not Surrender’: House Republicans Demand Big Spending Cuts To Fund Government Ahead Of New Shutdown Deadline Arjun Singh on October 31, 2023 House Republicans have indicated that they will not support…
S.Korea exports snap year-long downturn, recovery in China demand slow
By Jihoon Lee SEOUL (Reuters) -South Korea’s exports in October rose in annual terms for the first time in 13 months, as shipments to the United States were robust while the weakness…
Japan’s factory activity squeezed by weak demand, inflation in Oct – PMI
TOKYO (Reuters) – Japan’s factory activity contracted for a fifth straight month in October, a survey showed on Wednesday, as subdued demand and inflationary pressures squeezed businesses. The final au Jibun Bank…
Caesars Entertainment beats Q3 profit estimates on steady demand in Las Vegas casinos
(Reuters) – Caesars Entertainment beat third-quarter profit estimates on Tuesday, as steady demand in Las Vegas casinos helped boost revenue. Discretionary consumer spending has been shifting away from goods and towards experiences,…
Defense firm Leidos raises outlook on robust weapons demand
(Reuters) – U.S. defense contractor Leidos Holdings on Tuesday raised its full-year profit and revenue forecasts on the back of strong weapons demand amid rising geopolitical tensions. Defense companies have seen robust…
GE HealthCare beats quarterly profit estimates on imaging device demand
(Reuters) – GE HealthCare Technologies Inc on Tuesday beat Wall Street expectations for third-quarter profit as a continued recovery in demand for surgical procedures boosted sales of its medical devices. Demand for…
Toyota set to ride robust demand, weak yen to bumper profit
TOKYO (Reuters) – Toyota Motor is expected to report a surge in third quarter profit on Wednesday and lift its full-year outlook as the Japanese automaker benefits from both robust demand and…
Gold demand down with lower central bank buying in Q3, WGC says
By Polina Devitt LONDON (Reuters) – Global gold demand excluding over-the-counter (OTC) trading slipped 6% in the third quarter as central bank buying fell short of last year’s record levels and consumption…
VF Corp withdraws annual forecasts on slowing demand for higher-priced apparel
(Reuters) – VF Corp withdrew its full-year revenue and profit forecasts on Monday, with demand for its higher-priced apparel and footwear easing as customers turn more cost conscious, especially in the United…
Tesla falls as production cut by battery supplier Panasonic fans EV demand fears
(Reuters) – Shares of Tesla fell about 5% on Monday after key supplier Panasonic Holdings said it cut automotive battery production in the September quarter, cementing concerns of a global slowdown in…
Baker Hughes raises full year revenue forecast on demand for LNG equipment
By Arathy Somasekhar HOUSTON (Reuters) -Oilfield and liquefied natural gas supplier Baker Hughes on Thursday raised its full year revenue forecast, primarily on strong demand for its liquefied natural gas (LNG) equipment.…
Whirlpool tempers annual profit forecast on slowing demand
(Reuters) – Whirlpool Corp tempered its full-year profit forecast on Wednesday, signaling softening demand for its washing machines and kitchen appliances amid a cost-of-living crisis and sending its shares 5% lower in…
IBM’s third-quarter results beat estimates on resilient software demand
By Chavi Mehta (Reuters) – IT software and consultancy services provider IBM reported third-quarter revenue and profit above Wall Street targets on Wednesday, buoyed by stable demand for its software solutions. Shares…
United Rentals beats profit estimates on strong equipment demand
(Reuters) – Equipment rental company United Rentals on Wednesday beat estimates for third-quarter profit on strong demand for industrial tools as spending on infrastructure and construction projects ramped up. Demand for industrial…
More alarm bells sound on slowing demand for electric vehicles
By Ben Klayman (Reuters) – High interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda…
Moody’s quarterly profit beats estimates on robust demand
(Reuters) – Ratings agency Moody’s reported higher-than-expected profit in the third quarter on Wednesday, helped by strong demand for its research and analytics. The New York-based company saw robust demand for its…
Union contract costs, slack demand to pinch UPS profit
By Lisa Baertlein and Priyamvada C (Reuters) – Wall Street analysts expect United Parcel Service to report a sharp drop in third-quarter profit on Thursday as it absorbs significant costs from its…
Dow forecasts downbeat Q4 net sales on low prices, weak demand
By Saikeerthi . (Reuters) – Dow Inc forecast average net sales for the current quarter below analyst estimates on Tuesday, as the chemical maker continues to navigate weak demand and low prices…
PulteGroup beats profit estimates on strong demand for pricier homes
(Reuters) – PulteGroup beat Wall Street expectations for third-quarter profit on Tuesday, as even at higher prices the demand for new constructions remained strong due to an acute shortage of existing homes.…
Fisker adjusts prices as EV market sees signs of demand slowdown
(Reuters) – Fisker cut prices of its high-end Ocean Extreme SUV on Monday, while raising prices on two lower-priced variants, as the firm grapples with a slowdown in electric-vehicle demand and a…
Malteurop sees demand rebound for beer ingredient despite inflation
(Reuters) – Inflation is curbing short-term demand for malt, but demand looks to rebound soon for the beer ingredient made from barley after brewers depleted stocks, France-based producer Malteurop said on Wednesday.…
Planemakers bet on steady demand for business jets, but Wall Street wary
By Mehr Bedi (Reuters) – Planemakers are betting on steady demand for business jets as the world’s largest corporate aircraft show kicks off on Tuesday, but analysts are turning cautious about the…
Honeywell sees steady demand for business jets over the next decade
By Shivansh Tiwary (Reuters) – Global demand for new business jets is expected to stay strong over the next decade, Honeywell said on Sunday, as the engine maker projected deliveries of about…
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