New Jersey Gas Prices Would Drop 15% Overnight if Phil Murphy Did This
As summer travel peaks and families hit the road, the idea of a gas tax holiday in New Jersey has surfaced as a potential relief measure for residents grappling with high fuel…
U.S. oil mergers drop to $12 billion as volatility limits deals
By Laila Kearney NEW YORK – U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the…
Houston Man Indicted for Attempting to Use Drone to Drop Contraband into Beaumont Federal Prison Complex
BEAUMONT, Texas – A Houston man has been indicted for federal violations in the Eastern District of Texas, announced U.S. Attorney Brit Featherston today. Davien Phillip Turner, also known as Davien Phillip…
Aeromexico shares drop after airline announces buyback plan
MEXICO CITY – Shares in Mexican airline Aeromexico fell more than 5% after the market open Tuesday after the company said it had requested permission from the country’s securities regulator to initiate…
Japan May real wages post biggest drop in nearly 2 years on inflation
TOKYO – Japan’s real wages extended a decline in May to post the biggest year-on-year drop in nearly two years, government data showed on Tuesday, as consumer inflation hovering near a seven-year-high…
Drop in demand weighs on German manufacturing, outlook darkens -PMI
BERLIN – A sharp fall in new orders weighed on German manufacturing activity in June, darkening the outlook for Europe’s largest economy, a survey showed on Friday. S&P Global’s final Purchasing Managers’…
European equities per-share profit could drop over 6% – HSBC
(Reuters) – European equities could see a drop between 6.4% and 8.5% in earnings per share this year compared to consensus estimates of a rise of more than 11%, HSBC said on…
Exclusive-Copper giant Codelco sees ‘very firm’ copper price ahead despite recent drop – chairman
By Fabian Cambero SANTIAGO – Chilean state-owned copper miner Codelco, the world’s top producer of the red metal, sees a firm copper price ahead despite a recent sharp fall, chairman of the…
Russian imports may drop by 30% this year, says top official -Tass
(Reuters) – Russian imports may drop by 30% this year but will not dwindle to zero, Tass news agency reported Alexei Kudrin, a former finance minister who now heads the state Audit…
U.S. housing starts drop to 13-month low in May; building permits fall
WASHINGTON – U.S. homebuilding fell to a 13-month low in May and permits tumbled, suggesting the housing market was cooling as surging mortgage rates reduce affordability for many first-time homebuyers. Housing starts…
Asian companies’ profits drop for first time in 7 quarters
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Earnings by Asian companies in March declined for the first time in seven quarters, dented by slowing demand due to lockdowns in China and…
Toms River Mayor’s Former Secretary Says Town Tried to Bribe Her to Drop Lawsuit
Toms River, NJ – Linda Valeri spent nearly two decades as a public servant in Toms River, serving primarily as the personal assistant to Mayors Thomas Kelaher and Maurice Hill. In Mayor…
Video Shows Congressional Candidate Destroying Ocean County Vote-by-Mail Drop Box
TOMS RIVER, NJ – Drop boxes and mail-in-ballots have become synonymous with election integrity over the past two years. Last year, in Ocean County, a close election won by Democrats saw county…
Hong Kong home prices reverse 3-month drop to climb 0.5% in April
HONG KONG – Hong Kong private home prices reversed a three-month decline in April, the latest official data showed on Friday, as the financial hub stabilised after COVID-related woes and homebuyer sentiment…
IIF cuts 2022 global GDP growth estimate in half, flows to EM to drop 42%
NEW YORK – The Institute of International Finance slashed its 2022 growth outlook for global output in half, citing the economic effects of Russia’s invasion of Ukraine, China’s response to a COVID-19…
Petrobras shares drop following CEO ouster, fuel price woes
By Gabriel Araujo, Lisandra Paraguassu and Gram Slattery SAO PAULO – Shares of Brazil’s state-run oil company Petrobras plunged on Tuesday after the government ousted its chief executive for the second time…
European new car sales drop tenth month in a row in April – ACEA
BERLIN – The number of new cars sold in Europe declined for the 10th month in a row as supply chain issues continue to take a heavy toll on car production, industry…
Russia’s Sberbank plans to drop its London listing
(Reuters) – Russia’s largest lender Sberbank, which has been hit by Western sanctions, plans to drop its listing in London after its depositary terminated an agreement with it, the bank said on…
Four Nigerian ministers drop election bid to remain in cabinet
ABUJA – Four members of Nigeria’s cabinet, including the junior petroleum minister, said on Tuesday that they will not run in next year’s elections as planned after President Muhammadu Buhari gave them…
GTA publisher Take-Two signals drop in demand from pandemic highs
(Reuters) – “Grand Theft Auto” publisher Take-Two Interactive Software on Monday became the latest U.S. gaming company to forecast annual sales below estimates, as demand starts to plateau in a post-pandemic world.…
Russian gas flows to Europe via Ukraine drop
(Reuters) – Daily requests for Russian gas deliveries to Slovakia via Ukraine have fallen in line with lower deliveries through Ukraine, where one route remains suspended, pipeline operator data showed on Thursday.…
Fed’s Mester: Will need “compelling” drop of inflation to slow rate hikes
By Howard Schneider AMELIA ISLAND, Fla. – Inflation will need to show a “compelling” slowdown before the Federal Reserve can consider pausing its interest rate increases, Cleveland Federal Reserve President Loretta Mester…
Lordstown Motors signals need for more capital to boost production, shares drop
(Reuters) – Electric vehicle startup Lordstown Motors Corp said on Monday it needed $150 million in addition to the proceeds from its sale of assets to Taiwanese contract manufacturer Foxconn to put…
U.S. junk bonds drop to lowest in over two years ahead of Fed meeting
By Davide Barbuscia NEW YORK – The price of a major U.S. junk bond exchange traded fund (ETF) fell to its lowest in over two years this week, as concerns over the…
U.S. Treasury sees economy still expanding in 2022 despite Q1 GDP drop
WASHINGTON – The U.S. economy is expected to continue its expansion this year despite a surprise contraction in the first quarter, the U.S. Treasury’s chief economist said on Monday, adding that inflation…
Carlsberg CEO says Polish beer sales drop amid Ukraine refugee crisis
COPENHAGEN – Carlsberg said its beer sales in Poland fell by 3-4% in March and have continued to drop in April, underlining the troubles facing brewers in a market which has been…
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