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…
Rising demand for Fed bank lending program not a sign of stress
By Michael S. Derby NEW YORK (Reuters) – Almost half a year after Silicon Valley Bank went belly up and nearly set off a national banking crisis, still-growing borrowing from a Federal…
Campbell Soup sees upbeat annual profit on easing costs, snack demand
By Deborah Mary Sophia (Reuters) – Campbell Soup forecast annual profit largely above Wall Street estimates on Thursday, encouraged by easing costs and steady demand for its snacks even as inflation-weary consumers…
Hormel Foods cuts annual forecasts on weak China demand, adverse pork prices
(Reuters) – Hormel Foods on Thursday cut its annual revenue and profit targets after missing quarterly results as the Skippy peanut butter maker wrestled with lower pork and turkey prices and sluggish…
Vivek Ramaswamy Reveals Why He’s Confident Putin Would Accept His Massive Demand For Ending Ukraine War
Vivek Ramaswamy Reveals Why He’s Confident Putin Would Accept His Massive Demand For Ending Ukraine War Harold Hutchison on August 30, 2023 Republican presidential candidate Vivek Ramaswamy explained why he was confident…
CrowdStrike lifts forecast for annual revenue, profit on resilient cybersecurity demand
(Reuters) – CrowdStrike Holdings on Wednesday raised its full-year outlook and forecast third-quarter revenue and profit above market estimates, as more clients turn to its integrated cybersecurity offerings to combat rising digital…
Chinese steel demand declining less than data suggests, says Vale executive
By Marta Nogueira RIO DE JANEIRO (Reuters) – Brazilian miner Vale SA sees declining steel demand in China, the world’s largest producer, but the situation is not as dire as some indicators…
Ulta Beauty rides on resilient cosmetics demand to post beat-and-raise quarter
(Reuters) – Ulta Beauty on Thursday raised its annual earnings and revenue forecast bolstered by resilient demand for its premium cosmetics and fragrances despite a broader decline in discretionary spending, and posted…
US auto sales to rise in August on increased vehicle supply, strong demand
(Reuters) – New vehicle sales in the United States are expected to rise in August, helped by improved supply and strong demand for personal transport, a report from industry consultants showed on…
Snowflake beats quarterly estimates on strong demand for data management services
(Reuters) – Cloud data analytics company Snowflake beat second-quarter revenue and profit estimates on Wednesday, boosted by rising data management and storage needs of businesses amid a surge in the use of…
Lawmakers Demand Biden Department Of Education Resolve Campus Antisemitism Investigations
Lawmakers Demand Biden Department Of Education Resolve Campus Antisemitism Investigations Kate Anderson on August 23, 2023 A group of bipartisan lawmakers sent a letter to the Department of Education (ED) Tuesday calling…
US economy near stalling point as consumer demand weakens, survey says
By Safiyah Riddle (Reuters) – U.S. business activity approached the stagnation point in August, with growth at its weakest since February as demand for new business in the vast service sector contracted.…
Bath & Body Works sees steeper sales drop on slowing demand
(Reuters) – Bath & Body Works on Wednesday warned of a steeper decline in annual sales as Americans deferred purchasing its pricier home fragrances and personal care products amid still-high inflation pinching…
Analysis-China’s sputtering economy curbs outlook for diesel demand for rest of 2023
By Andrew Hayley BEIJING (Reuters) – China’s muted economic growth in 2023 as its post-COVID recovery underwhelms has crimped the outlook for demand for diesel fuel, the oil product that is the…
Ross Stores raises annual forecasts on strong demand from bargain-hunting shoppers
(Reuters) – Ross Stores raised annual sales and profit forecasts after beating quarterly estimates, as inflation-hit customers shopped for its discounted clothing and shoes, sending the company’s shares up about 6% in…
BAE says $5.5 billion Ball Corp deal will help it meet Ukraine-led defence demand
By Muvija M LONDON (Reuters) – Britain’s BAE Systems said its $5.5 billion purchase of Ball Corp’s aerospace business would help it meet the soaring demand for munitions seen since the invasion…
Asian hedge funds see waning demand in the first half -data
By Summer Zhen HONG KONG (Reuters) – Money continued to flow out of Asian hedge funds in the first half of 2023 as a disappointing China recovery and resilient stock markets outside…
‘Lack Of Action’: Bipartisan Group Of Lawmakers Demand Biden Admin Answer For Iranian ‘Intimidation’ Of US Companies
‘Lack Of Action’: Bipartisan Group Of Lawmakers Demand Biden Admin Answer For Iranian ‘Intimidation’ Of US Companies Jake Smith on August 16, 2023 Republican and Democratic lawmakers pulled together to call on…
Canadian Tire revenue falls as demand for sporting, home items slow
(Reuters) – Canadian Tire Corp on Thursday reported a drop in quarterly revenue, as demand for sporting goods and home improvement items slowed at its retail stores. Higher costs of food and…
Palm oil demand boosted as rival oil prices jump on supply woes
By Rajendra Jadhav MUMBAI (Reuters) -Demand for palm oil has been increasing as its discount to soyoil and sunoil has grown, driven by the recent price rise in rival oils due to…
China’s uneven recovery may deepen demand worries for U.S. luxury goods makers
By Deborah Mary Sophia and Ananya Mariam Rajesh (Reuters) – U.S. luxury companies including Michael Kors-owner Capri and Estee Lauder will likely record a hit to sales from a slower-than-expected recovery in…
Trulieve posts wider Q2 loss, says extreme heat weighing on current quarter
By Tanay Dhumal (Reuters) -Pot firm Trulieve Cannabis on Wednesday posted a wider second-quarter loss and said the worse-than-usual temperature and lower customer spending were weighing on current-quarter performance. The cannabis industry…
Adam Schiff, Top Democrats Demand That Trump’s Trials Be Televised
Adam Schiff, Top Democrats Demand That Trump’s Trials Be Televised Arjun Singh on August 4, 2023 A group of House Democrats led by Rep. Adam Schiff of California have demanded that the…
Palestinian Activists Demand Israel Not Be Included In US Waiver Program
Palestinian Activists Demand Israel Not Be Included In US Waiver Program Kate Anderson on August 4, 2023 American Muslims for Palestine (AMP), an advocacy organization, created a petition to attempt to prevent…
Regency Centers sees strong annual profit on higher rental prices, leasing demand
(Reuters) – Regency Centers Corp on Thursday lifted the bottom end of its forecast for annual profit and funds from operations, signaling higher rental prices and steady leasing demand for its grocery-anchored…
Cruise operators plan to hike prices as costs rise, demand swells
By Doyinsola Oladipo and Granth Vanaik NEW YORK (Reuters) – Cruise vacations in the past year have emerged as a popular option among consumers in search of cheaper ways to travel, but…
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