[the_ad id="1125697"]
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…
Aussie pizza-maker Domino’s eyes higher profit in fiscal 2024
By Rishav Chatterjee (Reuters) -Australia’s Domino’s Pizza Enterprises on Wednesday said it expects earnings in fiscal 2024 to be significantly higher than 2023 as it continues to cut costs. Domino’s reported earnings…
MSCI posts higher third-quarter profit as subscriptions rise
(Reuters) – Global index provider MSCI on Tuesday posted a higher third-quarter profit as product subscriptions benefited from a market recovery led by bets of the U.S. Federal Reserve easing up on…
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.…
Loews posts Q3 profit on higher investment income, insurance premium
(Reuters) – Loews Corp on Monday reported a profit in the third quarter compared to a loss a year earlier, boosted by higher investments and insurance unit CNA Financial’s strong performance. Markets…
Profits of US mid-sized banks likely to be squeezed by higher funding costs
By Manya Saini and Niket Nishant (Reuters) – U.S. mid-sized banks will likely need to shell out more to retain deposits in the next few months, a move that could crimp margins…
Marketmind: Stocks break higher, but for longer too?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set to open higher on Tuesday as investors look…
Instant View: Gas and shelter costs send US consumer prices higher in Sept
NEW YORK (Reuters) – U.S. consumer prices increased in September amid higher costs for rent and gasoline, but underlying inflation is slowing, supporting financial market expectations that the Federal Reserve would not…
World Bank’s Banga: Interest rates to stay higher for longer
MARRAKECH, Morocco (Reuters) – World Bank President Ajay Banga said on Wednesday interest rates will likely stay higher for longer and complicate investments for companies across the globe. He also told a…
Kashkari: ‘possible’ higher bond yields mean Fed can do less
By Ann Saphir (Reuters) -It’s “possible” that the recent rise in yields on longer-term Treasuries means the Federal Reserve need not raise interest rates as much as otherwise, but it’s hard to…
ECB’s Knot says Italy is paying price for higher deficit
STRBSKE PLESO, Slovakia (Reuters) – Italy is paying the price for raising its deficit targets via higher borrowing costs, European Central Bank policymaker Klaas Knot said on Friday, telling governments to tighten…
Putin says Russia’s economy can cope with higher defence spending on war
MOSCOW (Reuters) – The Russian economy can cope with higher military spending to fund the war in Ukraine now and in the coming years, President Vladimir Putin said on Thursday, shrugging off…
S.Korean central bank governor sees risk of rates staying higher for longer
SEOUL (Reuters) – South Korea’s central bank governor said there was a high possibility interest rates would stay higher for longer and there was a need to improve the system to better…
Bumpy September for auto ETFs as UAW strike, higher rates weigh
By Bansari Mayur Kamdar (Reuters) – Exchange-traded funds tracking automakers saw net outflows last month on worries over the United Auto Workers’ (UAW) strike against the “Detroit Three” and higher interest rates.…
DoubleLine’s Gundlach says Fed’s ‘higher for longer’ stance a problem
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The Federal Reserve’s stance of “higher for longer” on interest rates has become a major challenge and the economy is already showing signs that it…
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…
Bar for speeding up Brazil rate cuts now a bit higher -central bank chief
BRASILIA (Reuters) – Brazil’s central bank governor said on Thursday that the bar for accelerating interest rate cuts is a little higher now, signaling policymakers have been following recent developments in the…
Higher yields weigh on European shares, luxury stocks enter bear market territory
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares fell for a fourth day on Tuesday, with rate-sensitive technology and real estate stocks pressured by surging bond yields, while fears over…
Fed’s Kashkari: 40% chance of needing ‘meaningfully’ higher rates
By Ann Saphir (Reuters) -A “soft landing” for the U.S. economy is more likely than not, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday, but there is also a 40%…
Dick’s Sporting Goods’ proposed holiday hiring slips to 8,600 amid higher labor costs
(Reuters) – Athletic-wear retailer Dick’s Sporting Goods said on Tuesday it would recruit 8,600 workers across the United States for the holiday shopping season, less than its proposed hiring for the same…
Fed’s Daly says she is not sure if need to hold rates, or go higher
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said that while the recent drop in inflation and the gradual rebalancing of the labor market is “unequivocally” good news,…
Hedge fund demand for US Treasuries seen rising amid higher bond supply
By Davide Barbuscia and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Hedge funds will likely become increasingly important buyers of U.S. Treasuries, providing liquidity in the world’s biggest bond market at a time…
10-year yields hit 16-year peak as Fed seen higher for longer
By Karen Brettell NEW YORK (Reuters) – Benchmark 10-year U.S. Treasury yields rose to 16-year highs on Thursday, a day after the Federal Reserve surprised investors by flagging the potential for an…
Thailand plans higher borrowing in 2024 to boost economy – sources
BANGKOK (Reuters) -Thailand’s new government plans to borrow about 2.4 trillion baht ($66.4 billion) for the fiscal year 2024 starting on Oct. 1, up 9% from the current year, according to market…
AI startup SambaNova launches new chip designed for higher quality AI
By Max A. Cherney (Reuters) – Artificial intelligence chip startup SambaNova Systems announced a new semiconductor on Tuesday, designed to allow its customers to use higher quality AI models at a lower…
Nearly half UK small firms feeling hit from higher rates – survey
LONDON (Reuters) – The higher cost of borrowing is hurting almost half of small firms in Britain, according to a survey published on Monday, ahead of an expected 15th back-to-back increase in…
Breaking News
