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…
Albertsons beats profit, revenue expectations on strong demand for groceries
(Reuters) – Albertsons Companies topped Wall Street expectations for quarterly profit and revenue on Tuesday, on the back of steady demand for groceries and pocket-friendly private label brands. Consumers in the U.S.…
Moody’s beats revenue estimates on steady demand for analytics services
(Reuters) – Moody’s Corporation beat Wall Street estimates for second-quarter revenue on Tuesday, helped by steady demand from investors for its data, analytics and research services. Customer demand for the firm’s ‘Know…
Kimberly-Clark lifts annual forecasts on price hikes, steady demand
(Reuters) – Kimberly-Clark Corp raised its full-year sales and profit forecasts on Tuesday, as the maker of Kleenex tissues and KleenGuard benefits from price increases and resilient demand for essential products. Pandemic-induced…
Dow reports lower quarterly profit on weak demand
(Reuters) – Dow Inc reported a lower second-quarter profit on Tuesday, hurt by lower prices of its products and weak sales volumes. Manufacturing activity in the United States and Europe continued to…
Euro zone firms slash loan demand to lowest on record: ECB poll
FRANKFURT (Reuters) – Euro zone firms’ demand for loans dropped to the lowest on record last quarter and a further decline is likely over the summer as lenders continue to tighten access…
Whirlpool profit slides as inflation hits appliance demand
(Reuters) – Whirlpool Corp reported a 29.5% slide in quarterly profit on Monday as persistent inflation hit consumer spending, weakening demand for its washing machines and kitchen appliances. Shares of the home…
Analysis-Bumpy road ahead for US gasoline demand and energy transition
By Shariq Khan (Reuters) – While U.S. gasoline demand is unlikely to rescale the pre-pandemic peaks of 2018 as the energy transition accelerates, the pace of its decline is uncertain, illustrating the…
US restaurants set for second-half profit boost as costs ease, demand stays firm
By Deborah Mary Sophia (Reuters) – Restaurant chains including McDonald’s and Chipotle Mexican Grill are expected to report strong profits in the second half of 2023 as commodity costs finally ease at…
IEA chief says oil demand projections depend on China’s growth
GOA (Reuters) – The International Energy Agency (IEA) will revise its global oil demand growth projections based on the economic growth prospects of China and some other countries, its executive director Fatih…
Pacific Gas and Electric says can meet California power demand this summer
(Reuters) – Pacific Gas and Electric Company (PG&E) on Friday said it is prepared to meet increased electricity demand in California this summer with new energy supply amid an ongoing heat wave…
Shifting trends in travel demand bedevil US airlines
By Rajesh Kumar Singh CHICAGO (Reuters) – Consumers continue to splurge on air tickets. But travel patterns are shifting so often, partly due to work-life changes wrought by the pandemic, that airlines…
SLB flags slowing N.America demand; international lifts profit
By Arathy Somasekhar and Arunima Kumar HOUSTON (Reuters) -SLB on Friday flagged weakening North America oilfield activity even as the company topped analysts’ estimates for second quarter profit, helped by a rebound…
China seeks to boost demand by pushing urban development – state media
BEIJING (Reuters) – China’s cabinet has approved guidelines on transforming underdeveloped areas in megacities, in the government’s latest move to support the economy, state media said on Friday. The post-COVID recovery in…
Virgin Money UK shuts 39 stores over fall in customer demand
(Reuters) – British lender Virgin Money UK said on Thursday it will close 39 stores as the company continues to see a drop in footfall and transaction volumes. “Access to a bank…
D.R. Horton lifts annual revenue forecast on sturdy housing demand
(Reuters) – D.R. Horton Inc on Thursday raised its forecast for full-year revenue and homes closed, benefiting from strong demand and easing shortages of labor and construction supplies, sending its shares up…
Atlas Copco posts Q2 profit beat, but sees slowing demand
(Reuters) -Swedish industrials group Atlas Copco on Wednesday reported second-quarter operating profit that beat market forecasts, but said demand was expected to weaken in the near term, sending its shares lower. Operating…
Strong U.S. demand eases pressure on Novo to show weight-loss drug’s health benefits
By Maggie Fick LONDON (Reuters) – Soaring U.S. demand for Novo Nordisk’s weight-loss drug has reduced the pressure from investors on the company to deliver strong results in its trial to test…
Chocolate maker Barry Callebaut’s sales fall on low demand
(Reuters) -Barry Callebaut, the world’s biggest chocolate maker, on Thursday reported lower nine-month sales volumes than a year ago as customer demand dropped in an inflationary environment. Barry Callebaut’s volumes have been…
Global PC shipments decline eases in Q2, Apple outperforms on MacBook Air demand – Canalys
(Reuters) – The decline in global personal computer shipments slowed in the second quarter, with Apple outperforming the market with a 51% jump thanks to strong demand for its recently launched 15-inch…
Texas power demand to hit record highs again as heat bakes state
(Reuters) – Texas’ power grid operator projected electricity use would break records again this week as homes and business crank up their air conditioners to cope with another brutal summer heatwave. The…
EXCLUSIVE: GOP Senators Demand Biden DOJ Provide Answers On CCP Intel-Linked ‘Service Centers’
EXCLUSIVE: GOP Senators Demand Biden DOJ Provide Answers On CCP Intel-Linked ‘Service Centers’ Philip Lenczycki on July 10, 2023 Ten Republican senators urged the Department of Justice (DOJ) on Monday to provide…
Taiwan June exports slump the most in 14 years on weak China, US demand
By Roger Tung and Faith Hung TAIPEI (Reuters) -Taiwan’s exports fell more than expected in June, slumping the most in almost 14 years, as the island struggled with persistent weakness in demand…
Goldman Sachs says rising EV usage to power higher copper demand
(Reuters) – Goldman Sachs said rising usage of electric vehicles (EV) was a “key pillar of copper’s bullish story”, forecasting copper demand from the sector to amount to 1 million tonnes (mt)…
GM quarterly auto sales rise 19% on strong demand
(Reuters) – General Motors on Wednesday reported a 19% rise in second-quarter U.S. auto sales as easing supply chain pressures allowed the automaker to ship more cars and trucks to dealers. GM…
Toyota US sales rise in June on strong demand
(Reuters) – Toyota Motor North America, a unit of Toyota Motor Corp reported a rise in U.S. auto sales for June as demand for personal transport remains strong despite high interest rates.…
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