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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…
Poland sees higher 2024 deficit as govt implements pay rise pledges
By Anna Koper and Karol Badohal WARSAW (Reuters) – Poland’s revised 2024 budget pencils in a deficit of 184 billion zlotys ($46.44 billion), the government said on Tuesday, higher than previously forecast…
Higher rates trigger big retreat in global non-bank sector
By Huw Jones LONDON (Reuters) – Multi-trillion dollar non-banking finance saw its first major retreat last year since the global financial crisis in 2009, with the shrinkage due to higher interest rates…
Greece passes 2024 budget forecasting higher growth
ATHENS (Reuters) – Greece approved its 2024 budget on Sunday, forecasting a rise in economic growth to 2.9% from 2.4% this year as a result of robust tourist revenues and EU funds…
Marketmind: When higher US yields and dollar is a good thing
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are set for a positive open on Monday, taking the baton from Wall Street on Friday…
India inflation likely rebounded in November on higher food prices – Reuters poll
By Milounee Purohit BENGALURU (Reuters) – India’s retail inflation likely picked up in November due to higher food prices after declining for three months, bringing it closer to the upper end of…
U.S. Gas Prices Drop to Lowest Since January, But Remain Higher in New Jersey Tri-State Area
TRENTON, NJ – U.S. gasoline prices have reached their lowest point since January, with analysts predicting they could fall below $3 per gallon by Christmas for the first time since 2021. This…
Jif parent JM Smucker tops profit expectations on easing costs, higher prices
(Reuters) – J.M. Smucker, which owns Jif peanut butter and Dunkin’ pre-made coffee, beat second-quarter profit expectations on Tuesday, helped by higher product pricing and easing input costs. Shares of the Ohio-based…
Short supply of homes to push global property prices higher at slower pace: Reuters poll
By Hari Kishan BENGALURU (Reuters) – Global property prices in most major markets will rise over the next two years, albeit at a slightly slower pace than predicted three months ago as…
U.S. bank profits slow on lower noninterest income, higher realized losses
By Pete Schroeder WASHINGTON (Reuters) – U.S. banks reported Wednesday a slowdown in profits in the third quarter of the year, as lower noninterest income and higher realized losses on bank investments…
Investors exit clean energy funds as higher interest rates bite
By Bansari Mayur Kamdar (Reuters) – The biggest U.S. ETF tracking clean energy shares was on track for record annual outflows as a rapid rise in interest rates, surging raw materials costs…
Higher Gas Prices Under Biden Will Take A Bite Out Of Americans’ Wallets This Thanksgiving Weekend
Higher Gas Prices Under Biden Will Take A Bite Out Of Americans’ Wallets This Thanksgiving Weekend Nick Pope on November 23, 2023 While the White House has tried to spin inflation’s impacts…
Disney sees higher costs to create content after Hollywood pay raises
(Reuters) – Walt Disney said on Tuesday the new collective bargaining agreements with the Directors Guild of America, WGA and SAG-AFTRA will lead to increased costs to create content. The media conglomerate…
Morgan Stanley urges higher quality corporate bonds as 2024 maturities approach
By Matt Tracy (Reuters) – Investment bank Morgan Stanley is recommending that corporate bond investors focus on higher quality investment-grade and high-yield bonds headed into next year, as a wave of maturities…
Japan’s Kishida wants businesses to make higher wage hikes next year
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida on Wednesday asked business leaders to raise wages in next year’s spring labour negotiations to a level higher than this year’s against the backdrop…
Gulf bourses mixed as China pessimism offsets higher oil prices
By Md Manzer Hussain (Reuters) – Gulf stock markets put in a mixed performance on Sunday as higher oil prices were offset by worries of faltering demand from China, the world’s top…
Central bank warns Canadians to plan for a period where rates may be higher
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada on Thursday said the era of super-low interest rates was likely over and warned businesses and households to plan for…
Domino’s Pizza Group flags drop in delivery orders amid higher living costs
(Reuters) -Domino’s Pizza Group on Thursday reported a fall in meal deliveries in the third quarter as customers cut back on ordering in as they grapple with higher living costs. Dominos Pizza…
Condom maker Church & Dwight lifts sales forecast again on steady demand, higher prices
(Reuters) – Church & Dwight lifted its annual net sales forecast for a third time this year on Friday, boosted by high prices as well as strong demand for its household and…
Alpha Bank, Piraeus Bank profits up on higher interest rates
By Lefteris Papadimas ATHENS (Reuters) – Alpha Bank and Piraeus Bank reported on Friday a jump in profits for the first nine months of 2023 as higher rates boosted net interest income…
Monster Beverage edges past profit expectations on higher pricing, cooling costs
(Reuters) – Monster Beverage Corp beat estimates for third-quarter profit on Thursday, helped by higher pricing for its energy drinks and hard seltzers, sending the company’s shares up about 3% in extended…
American Electric Power beats profit estimates on higher rates
(Reuters) – American Electric Power on Thursday beat profit estimates for the third quarter, as the utility benefited from higher electricity rates and customer additions. That helped the company, one of the…
Duke Energy beats profit estimates on higher margins
NEW YORK (Reuters) – Duke Energy Corp on Thursday beat Wall Street estimates for third-quarter profit, with the company pointing to higher retail margins and so-called rider charges which are added to…
Aflac beats estimates for quarterly profit on higher premium income
(Reuters) – Insurance provider Aflac on Wednesday reported third-quarter profit above estimates, helped by higher premium revenue from its U.S. unit and strong gains on its investments. Its U.S. unit earned net…
Marathon Oil profit tops analysts’ estimates on higher production
By Arathy Somasekhar HOUSTON (Reuters) – Marathon Oil on Wednesday posted a third quarter profit that fell 44% from a year ago as energy prices fell, but results beat Wall Street analysts’…
Fed’s Powell says higher rates need to persist to affect Fed policy choices
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday that market borrowing costs would need to be sustainably higher for that to bear on future central…
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