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New bill in Trenton could send utility bills soaring even higher, lawmaker warns
TRENTON, N.J. — The New Jersey Senate Environment and Energy Committee has advanced Senate Bill No. 249, which would require electric utilities to create and implement plans to electrify building systems and…
Colombia higher court rules fracking pilot projects can go ahead
BOGOTA – Investigative fracking operations in Colombia can go ahead after a court in the Andean country’s Santander province on Thursday reversed a lower court’s decision to block two pilot projects. Commercial…
Zara owner Inditex set to benefit from higher prices
By Corina Pons MADRID – Fashion giant Zara’s owner Inditex is expected to report bumper first-quarter earnings next week, benefiting from raising prices more than rivals without damaging its sales, analysts said.…
Downtown Toms River Developer Wants to Build Higher
TOMS RIVER, NJ – A developer, 27 Washington Street Associates wants to rebuild higher after a fire destroyed the former building located at the corner of Washington Street and Robbins Parkway. In…
Canada housing boom to halt next year on higher mortgage rates – Reuters poll
By Shrutee Sarkar BENGALURU – Canadian house price inflation will slow to 10% this year as the Bank of Canada raises interest rates aggressively, a Reuters poll of property market experts found.…
U.S. house price inflation to cool as buyers sidelined by higher rates: Reuters poll
By Indradip Ghosh and Prerana Bhat BENGALURU – Burning U.S. house price inflation will cool to 10%, half its current rate this year, and slow further over the next two as already…
UK business confidence ticks higher in May – Lloyds Bank
LONDON – Sentiment among British businesses edged higher in May, except for consumer-facing companies that are most exposed to the growing cost-of-living crunch, a survey showed on Tuesday. The Lloyds Bank Business…
Fed’s Waller: If inflation doesn’t go away, we need to raise rates a lot higher
(Reuters) – The Federal Reserve needs to move interest rates much higher and soon if high inflation does not begin to subside, Fed Governor Christopher Waller said on Monday. “If inflation doesn’t…
Every Time Biden Drained Strategic Oil Reserves, Prices Ended Up Higher. Here’s The Proof
Every Time Biden Drained Strategic Oil Reserves, Prices Ended Up Higher. Here’s The Proof Thomas Catenacci on May 29, 2022 President Joe Biden has raided the Strategic Petroleum Reserve three times, but…
U.S. corporate bond deals to ebb this year amid higher rates, volatility -BofA
By Davide Barbuscia NEW YORK – U.S. bond sales by investment-grade issuers will likely decline by around 10% this year as borrowers contend with higher rates and market volatility, a BofA executive…
Blue Apron results miss Wall Street expectations on higher costs
NEW YORK – Blue Apron Holdings Inc reported a bigger-than-expected loss, as a drop in orders per customer and higher food and labor costs hurt the online meal kit company’s bottom line.…
The Cost of Diesel Is Now Over $6 Per Gallon Across New Jersey and It’s Going to Climb Higher
TOMS RIVER, NJ – You might be able to get a gallon of diesel at Wawa for $5.99 across the Jersey Shore today, but everywhere else, prices range between $6 and $6.29…
Economists expect higher rate hikes after RBI’s hike to tame inflation
By Manoj Kumar and Aftab Ahmed NEW DELHI – India’s central bank is expected to frontload more aggressive interest rate hikes in its effort to tame high inflation, at least until its…
Texas grid operator warns of higher power demand this weekend
(Reuters) – The Electric Reliability Council of Texas (ERCOT) on Tuesday warned of larger-than-normal demand for power due to extreme hot weather expected in the region over May 6-9. “ERCOT has asked power…
Virgin Australia to add 4 Boeing 737 MAX 8 airplanes to service higher demand
(Reuters) – Virgin Australia said on Friday it will add four new Boeing 737 Max 8 aircraft to its fleet to meet higher demand as the airline expects to hit pre-pandemic domestic…
Retailer WH Smith may raise prices to meet higher shipping costs
By Sinchita Mitra (Reuters) -WH Smith may have to raise the prices of certain products this year after the British retailer flagged higher shipping costs from the Far East, inflationary pressures and…
Higher rates, slowing China, risks to Latam and Caribbean growth – IMF
NEW YORK – The prospect of tighter financial conditions due to the war in Europe and a more hawkish Federal Reserve, alongside concern over a deceleration in China’s growth, are key risks…
French Finance Minister: we are entering “new era” of higher inflation
PARIS -Inflation will be high in 2022 and although the price pressure should progressively ease next year, France and its partner countries are set to enter into “a new era of higher…
Japan’s draft relief measures include higher fuel aid, extra budget
By Takaya Yamaguchi TOKYO -Japan’s government will raise the cap for gasoline subsidies and replenish state reserves by compiling an extra budget to cushion the economic blow from rising raw material costs,…
Union Pacific quarterly profit jumps on price hikes, higher shipments
(Reuters) -U.S. railroad operator Union Pacific Corp posted a 21.5% jump in first-quarter profit on Thursday, benefiting from higher shipments due to a rise in U.S. factory production and price hikes. Price…
Rising calls for U.S. LNG revive stalled export projects, but at higher costs
By Marcy de Luna HOUSTON – Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But…
European Commission analysing higher 45% renewable energy target for 2030
By Kate Abnett BRUSSELS -The European Commission is assessing whether the European Union could achieve a higher target of a 45% share of renewable energy by 2030, instead of its proposed 40%,…
Euro zone faces slower growth, higher prices as war hits: ECB poll
FRANKFURT – The euro zone economy faces slower economic growth and higher inflation as Russia’s invasion of Ukraine pushes up costs, disrupts trade and hits confidence, a European Central Bank poll of…
Big U.S. banks see higher net interest income as rates rise
By Elizabeth Dilts Marshall NEW YORK – Wells Fargo & Co and JPMorgan Chase & Co reported a rise in net interest income in the first quarter, as the U.S. Federal Reserve’s…
U.S. oil drilling, output moving higher with energy prices
By Liz Hampton (Reuters) – U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry…
Gold inches higher as Ukraine conflict lifts safe-haven bids
By Asha Sistla (Reuters) – Gold prices edged higher on Wednesday as concerns of an escalation in the Russia-Ukraine conflict increased safe-haven bids for the precious metal, although a firmer U.S. dollar…
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