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…
Gloomy Spirit, Expedia reports drag travel stocks lower on demand slowdown fears
(Reuters) – U.S. travel stocks fell in early trading on Thursday following downbeat quarterly reports from Spirit Airlines and Expedia that amplified concerns domestic demand may be easing after a strong rebound…
US factory orders jump in June on transportation equipment demand
WASHINGTON (Reuters) – New orders for U.S.-made goods surged in June, boosted by strong demand for transportation equipment and other goods, showing some pockets of strength in manufacturing despite higher interest rates.…
USA Today-publisher Gannett raises profit targets as ad demand rebounds
(Reuters) – USA Today-publisher Gannett Co boosted its annual earnings expectations on Thursday, as advertising demand recovers from post-pandemic lows. Advertising budgets were hit earlier this year by an uncertain economy as…
German exports stagnate in June amid weak demand from abroad
BERLIN (Reuters) – German exports stagnated in June, with a smaller than expected rise of 0.1% over the previous month, data from the federal statistics office showed on Thursday. A Reuters poll…
C.H. Robinson sales and profit miss estimates on muted freight demand
(Reuters) – C.H. Robinson Worldwide missed quarterly estimates for sales and profit on Wednesday as the logistics company struggled with waning demand and lower pricing for its services. The global shipping industry…
Clorox forecasts strong annual profit on higher prices, steady demand
By Ananya Mariam Rajesh and Kailyn Rhone (Reuters) – Clorox on Wednesday forecast annual profit above Wall Street estimates after fourth-quarter results beat expectations, boosted by price hikes and steady demand for…
BorgWarner’s second-quarter results beat estimates on auto parts demand
(Reuters) – Auto parts supplier BorgWarner reported second-quarter results on Wednesday that beat analysts’ estimates, helped by sustained demand from automakers ramping up output. The Michigan-based company, whose customers include Volkswagen, General…
Emerson raises fiscal 2023 forecast on demand for industrial automation
(Reuters) – U.S. engineering and industrial software firm Emerson on Wednesday raised its fiscal 2023 forecast, as companies increase spending on automation in response to a tight labor market. The company’s shares…
VF Corp cuts annual revenue forecast on cooling North America demand
VF Corp cut its annual revenue forecast on Tuesday, signaling a slowdown in demand for its apparel and sneakers from price-conscious consumers, especially in North America. With the Federal Reserve further raising…
Molson Coors bumps up annual forecast on strong demand for premium beers
(Reuters) – Molson Coors Beverage on Tuesday raised its annual sales and profit forecasts, boosted by strong demand for its core brands Miller Lite and Coors Light. The brewer joins rivals Anheuser-Busch…
Defense firm Leidos raises annual revenue outlook on weapons demand
(Reuters) – Leidos Holdings Inc on Tuesday raised its full-year revenue forecast as the defense contractor benefited from resilient weapons demand. Net bookings totaled $2.9 billion in the quarter and book-to-bill ratio,…
Spain’s factory activity shrinks again in July on weak demand -PMI
MADRID (Reuters) – Factory activity in Spain contracted for the fifth consecutive month in July as domestic and foreign demand for Spanish goods weakened, a survey showed on Tuesday. The HCOB Purchasing…
Goldman upgrades oil demand outlook as market tempers growth pessimism
(Reuters) – Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories…
Church & Dwight lifts annual targets on higher prices, steady demand
(Reuters) – Church & Dwight raised its annual sales and profit forecasts on Friday, betting on higher prices and steady demand for its household and personal care products including liquid detergents and…
Shipping group CMA CGM braced for weaker profit before demand picks up in 2024
PARIS (Reuters) – French shipping group CMA CGM expects container freight demand to improve from next year but the group’s profits will continue to ease this year as a slump in freight…
Enphase Energy slumps as lukewarm US demand weighs on revenue forecast
(Reuters) -Shares of Enphase Energy slumped nearly 11% on Friday, after the solar inverter maker’s third-quarter revenue target fell well short of analyst estimates due to weak demand. Appetite for solar equipment…
Analysis-China’s gasoline demand peak nears as EV boom hastens transition
By Mohi Narayan (Reuters) – China’s demand for petrol is likely to peak as early as next year as electric vehicle sales soar, several analysts say, bringing forward an energy transition milestone…
Ticketmaster parent Live Nation’s revenue surges on red-hot concert demand
(Reuters) – Ticketmaster parent Live Nation Entertainment beat Wall Street estimates for second-quarter revenue on Thursday, helped by high prices of concert tickets and pent-up demand after the pandemic. Surging demand for…
Carrier Global raises full-year profit forecast on strong demand
(Reuters) – Air conditioner maker Carrier Global on Thursday raised its full-year adjusted profit above Wall Street estimates, encouraged by robust demand for the company’s heat pumps, refrigerators, and aftermarket repair services.…
South Korea export downturn seen worsening on weak China demand: Reuters poll
By Jihoon Lee SEOUL (Reuters) – South Korea’s export decline likely accelerated in July amid persistently weak demand from China, a Reuters survey showed on Thursday, signalling a bumpy road towards recovery.…
Derivatives exchange CME Group’s profit rises on robust demand
(Reuters) – CME Group Inc reported a rise in its second-quarter profit on Wednesday, as traders turned to the exchange operator’s products to hedge against market volatility triggered by recession fears. Demand…
Loblaw beats revenue estimates on resilient demand for essentials
(Reuters) – Canadian retailer Loblaw on Wednesday beat Wall Street expectations for second-quarter revenue, helped by higher prices and as demand held up for groceries and drugs. The company’s revenue rose 6.9%…
SK Hynix says memory chip recovery has begun, flags robust AI demand
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix said on Wednesday the memory chip market was beginning to recover from a deep downturn amid robust artificial intelligence demand…
GOP Reps Demand Answers From Biden DOJ On Prostitutes Allegedly ‘Exploited’ By Hunter Biden
GOP Reps Demand Answers From Biden DOJ On Prostitutes Allegedly ‘Exploited’ By Hunter Biden Harold Hutchison on July 25, 2023 Republican Reps. James Comer of Kentucky and Marjorie Taylor Greene of Georgia…
PACCAR beats quarterly estimates on strong demand for trucks
(Reuters) – PACCAR Inc beat market estimates for second-quarter profit and sales, helped by strong demand for its trucks and aftermarket parts. A strong freight market and a focus on bolstering logistics…
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