NJ weekend forecast promises ideal beach weather at the Jersey Shore
Atlantic City, NJ – The sun will take center stage this weekend at the Jersey Shore, setting up a stretch of weather made for boardwalk strolls, beach chairs, and ocean dips. Today…
Wolfspeed jumps on upbeat quarterly forecast
(Reuters) – Chipmaker Wolfspeed on Monday forecast a smaller-than-estimated second-quarter loss as it expects a boost to its business from a ramp-up in production at its new New York factory, sending its…
Public Storage raises forecast for full-year revenue growth on higher occupancy
(Reuters) – Public Storage on Monday raised its full-year outlook for revenue growth and core funds from operation (FFO) per share, on higher move-in volumes and improved occupancy in its self-storage facilities.…
Is New Jersey’s Brief Second Summer Over? Here’s This Week’s Weather Forecast
TRENTON, NJ – Even if it was just for a few days, the rain stopped, and the summer returned this weekend to New Jersey. Temperatures in the 80s and sunny days gave…
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…
Data center firm Equinix trims annual revenue forecast on weak corporate spending
(Reuters) – Data center company Equinix trimmed its annual revenue forecast on Wednesday on worries that a tough macroeconomic environment would prompt companies to scale back their plans for cloud-based infrastructure. The…
Invitation Homes trims annual core FFO forecast
(Reuters) – Single-family rental giant Invitation Homes Inc on Wednesday trimmed its full-year core funds from operations (FFO) forecast, amid growing weakness in the real-estate sector due to higher interest rates. REITs…
Cadence’s downbeat fourth-quarter forecast signals weakness in chip industry
(Reuters) – Cadence Design Systems forecast fourth-quarter revenue and adjusted profit below Wall Street estimates on Monday, as slower R&D spending by semiconductor firms navigating a tough economy weighs on the chip…
New Jersey Weather Forecast Shows Showers Today Give Way to a Sunny Sunday
NEW JERSEY – Residents can expect a mixed bag of weather conditions over the weekend, according to the latest forecasts. Showers are likely mainly before 2pm today, coupled with patchy fog that…
PPG Industries beats quarterly profit estimates, raises FY earnings forecast
(Reuters) – PPG Industries on Wednesday beat Wall Street estimates for third-quarter profit and raised its full-year earnings outlook, as high sales volumes in the automotive and aerospace sector helped boost coatings…
Goldman Sachs lifts Europe Inc’s 2023 profit growth forecast to 3%
(Reuters) – Goldman Sachs said on Tuesday it expects earnings for companies in the pan-European STOXX 600 index to grow 3% in 2023, compared with its prior projection of no growth, on…
UBS pushes out S&P 500 mid-2024 target forecast to year-end
(Reuters) – UBS said it now expects the S&P 500 to hit 4,700 points only by December 2024, instead of the middle of the year as it forecast earlier, due to expectations…
Canadian home sales fall for 3rd month; CREA lowers full-year forecast
By Fergal Smith TORONTO (Reuters) -Canadian home sales fell for a third straight month in September and the industry group that produces the data downgraded its forecast for the full year, anticipating…
Italy central bank cuts GDP growth forecast for 2023 and 2024
ROME (Reuters) – The Italian economy will grow by 0.7% in 2023 and by 0.8% next year, the country’s central bank said on Friday, revising down previous forecasts made in July and…
OPEC sticks to 2024 oil demand growth forecast
By Alex Lawler LONDON (Reuters) – OPEC on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, citing signs of a resilient world economy…
Brazil’s consumer prices forecast to have risen faster in Sept – Reuters poll
By Gabriel Burin (Reuters) – Brazil’s consumer prices likely rose faster in September, led by hikes in gasoline costs that should have brought annual inflation to the highest rate in seven months,…
IMF cuts Saudi Arabia’s growth forecast to 0.8% for 2023
DUBAI (Reuters) – The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2023 to 0.8% and estimated growth of 4% next year in its latest World Economic…
IMF raises India’s FY24 GDP growth forecast to 6.3% – report
MUMBAI (Reuters) -India’s economic growth forecast for the current fiscal year has been raised to 6.3% from 6.1% earlier, the International Monetary Fund said in its October 2023 World Economic Outlook (WEO)…
IMF lowers Russia 2024 GDP growth forecast to 1.1%
(Reuters) – Russia’s economy will grow by 1.1% in 2024, slower than previously forecast, the International Monetary Fund said, after significant spending and resilient consumption in a stretched labour market support growth…
WTO halves 2023 goods trade growth forecast
GENEVA (Reuters) – The World Trade Organization halved its growth forecast for global goods trade this year, saying that persistent inflation, higher interest rates, a strained Chinese property market and the war…
Thai business group keeps 2023 growth forecast at 2.5%-3%
BANGKOK (Reuters) – Thailand’s economy is expected to grow between 2.5% and 3.0% this year, a leading joint business group said on Wednesday, maintaining its previous estimate. Exports, a key driver of…
Spice maker McCormick lifts profit forecast as higher prices cushion weaker demand
(Reuters) – McCormick on Tuesday raised its annual profit forecast as it expects higher prices for its spices and condiments to make up for slowing demand and a sluggish recovery in China…
Turkish inflation rises to 61.53% in September, near forecast
ISTANBUL (Reuters) -Turkish annual consumer price inflation climbed to 61.53% in September, official data showed on Tuesday, just below expectations and rising for a third consecutive month in response to recent tax…
World Bank keeps China 2023 GDP growth forecast but cuts 2024 outlook
BEIJING (Reuters) – The World Bank has maintained its forecast for China’s 2023 economic growth at 5.1%, in line with its previous estimate in April, but trimmed its prediction for 2024 to…
Colombia 12-month inflation forecast to slow further in September: Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s inflation likely slowed in September due to a moderation of domestic consumption, a Reuters poll revealed on Friday, though forecasts for the year rose due…
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