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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…
US junk debt issuers use window to extend liabilities but at higher costs -Morgan Stanley
By Matt Tracy (Reuters) – U.S. junk-rated companies are using a more favorable debt issuance window this year to extend billions of dollars of short-term liabilities. But they were doing so at…
US junk debt deals carry higher guardrails for investors
By Matt Tracy (Reuters) – U.S. junk-bond offerings have spiked in recent weeks on the back of strong demand from investors looking to boost their returns buying the risky yet high-yielding debt.…
‘Higher for longer’ rates remain a threat to U.S. stocks after inflation data
By David Randall NEW YORK (Reuters) – The latest U.S. inflation data is unlikely to ease worries over persistently high Treasury yields that have gnawed on stocks over the last few weeks,…
New Thai govt approves higher spending, budget deficit for fiscal 2024
BANGKOK (Reuters) -Thailand’s new cabinet on Wednesday approved a plan for higher fiscal 2024 spending of 3.48 trillion baht ($97.29 billion) and a larger budget deficit of 693 billion baht, the government…
‘You’re Not Going To Have Deliveries’: Former Trump Official Predicts Higher Costs From Biden’s Electric Truck Push
‘You’re Not Going To Have Deliveries’: Former Trump Official Predicts Higher Costs From Biden’s Electric Truck Push Harold Hutchison on September 8, 2023 A former Trump administration official predicted that President Joe…
Asset managers look to sell Hong Kong buildings as higher rates bite
By Clare Jim HONG KONG (Reuters) – Asset managers are increasingly looking to dispose of their commercial buildings in Hong Kong as rising interest rates take a toll on mortgage payments, which…
Belgium raises record 22 billion euros from savers in ‘clear signal’ for higher bank rates
By Yoruk Bahceli BRUSSELS (Reuters) – Belgium has raised a record 21.9 billion euros ($23.65 bln) from savers in a bond sale designed to compete with bank deposits, a sign of growing…
BMW expects higher China sales in 2023, finance chief says
By Christina Amann MUNICH (Reuters) – BMW expects to sell more cars in China this year despite a local price war in the electric vehicle (EV) segment, and muted demand overall, the…
UK factory orders tumble in the face of higher rates – PMI
LONDON (Reuters) – British factories in August suffered their weakest month since early in the COVID-19 crisis, with orders shrinking dramatically due to the rise in interest rates at home and abroad,…
French August inflation higher than expected, fuelled by energy
PARIS (Reuters) -French inflation accelerated more than expected in August as a new fall in food inflation was more than offset by higher energy prices, preliminary EU-harmonised official data showed on Thursday.…
Spanish inflation rises to 2.6% in August on higher fuel prices
By Jakub Olesiuk (Reuters) – Spanish inflation rose to 2.6% year-on-year in August, boosted by higher fuel prices, preliminary data from the National Statistics Institute (INE) showed on Wednesday. That was higher…
Jif peanut butter maker J.M. Smucker lifts profit forecast on higher prices, lower costs
(Reuters) – Jif peanut butter maker J.M. Smucker on Tuesday raised its annual profit forecast on higher prices of its jams, jellies and pet food products as well as moderating costs of…
US department stores see higher credit delinquencies amid strained spending
By Katherine Masters and Ananya Mariam Rajesh (Reuters) – Major U.S. department stores including Macy’s and Nordstrom are flagging delays in store credit card repayments, another risk to revenues as consumers pull…
Toll Brothers beats profit estimates on higher home sales
(Reuters) – Homebuilder Toll Brothers Inc beat Wall Street estimates for third-quarter profit on Tuesday, as demand for luxury homes in a tighter resale market boosted new home sales. Shares of the…
Thai economy likely grew 3.1% in Q2 on higher tourist arrivals: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Thailand’s economy likely grew 3.1% in the April-June quarter from a year ago, up from 2.7% in the previous quarter, driven by increased foreign tourist arrivals,…
Marketmind: Adjusting to a new, higher yield world
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Japanese inflation grabs the Asian economic data spotlight on Friday as investors…
Professors, Students Sue To Block DeSantis Law Barring DEI Funding In Higher Ed
Professors, Students Sue To Block DeSantis Law Barring DEI Funding In Higher Ed Brandon Poulter on August 15, 2023 A group of professors and students at New College of Florida banded together…
Broker XP’s revenue rises on higher client assets, card segment growth
(Reuters) – Brazilian investment manager and broker XP on Monday reported a rise in second-quarter revenue, helped by a rebound in the capital markets that saw its client assets breach the 1-trillion-reais…
‘North Of $50 Million’: GOP Rep Mace Says Biden Payouts Even Higher Than Reported
‘North Of $50 Million’: GOP Rep Mace Says Biden Payouts Even Higher Than Reported Harold Hutchison on August 14, 2023 Republican Rep. Nancy Mace of South Carolina said Monday that the money…
Oil Prices Likely To Climb Even Higher, Energy Group Predicts
Oil Prices Likely To Climb Even Higher, Energy Group Predicts Nick Pope on August 11, 2023 Oil prices are poised to continue their climb in the coming months as planned OPEC+ production…
Column-How a higher retirement age would hurt low-income US workers
By Mark Miller (Reuters) – Should you keep working as you get older, or retire and claim Social Security when you first become eligible for benefits? Some people do both, and not…
South Korea think-tank raises inflation forecast on higher energy prices
SEOUL (Reuters) – A South Korean government think-tank revised its annual inflation projection upwards on Thursday, citing the recent rise in energy prices, although it said the need for interest rate hikes…
Trulieve posts wider Q2 loss, says extreme heat weighing on current quarter
By Tanay Dhumal (Reuters) -Pot firm Trulieve Cannabis on Wednesday posted a wider second-quarter loss and said the worse-than-usual temperature and lower customer spending were weighing on current-quarter performance. The cannabis industry…
Flutter’s US bet drives first half profit 76% higher
By Padraic Halpin DUBLIN (Reuters) -Flutter’s first half core earnings jumped 76% as its fast growing U.S. Fanduel brand turned a profit for the first time in a “transformation point” for the…
Suncorp sees improvement in margins from insurance; annual cash earnings jump
(Reuters) -Australia’s Suncorp Group on Wednesday posted a sharp jump in full-year cash earnings and said it expects an improvement in margins in the medium term from higher renewal premium rates in…
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