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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…
Bumble declines as higher expenses fan concerns about Tinder competition
(Reuters) – Bumble shares fell 4% on Tuesday after the dating app owner forecast lackluster third-quarter revenue and posted a jump in expenses, sparking fears that stiff competition with Tinder-owner Match was…
Barrick beats quarterly profit estimates on higher gold prices
(Reuters) -Barrick Gold Corp beat analysts’ expectations for second-quarter profit on Tuesday, as the Canadian gold miner benefited from higher prices of the precious metal. The company also maintained its full-year production…
Australia ANZ-Indeed jobs ads edge 0.4% higher in July
SYDNEY (Reuters) – Australian job advertisements posted a small rise in July after an outsized decline in the previous month, data showed on Monday, but analysts say the lift could be a…
Regency Centers sees strong annual profit on higher rental prices, leasing demand
(Reuters) – Regency Centers Corp on Thursday lifted the bottom end of its forecast for annual profit and funds from operations, signaling higher rental prices and steady leasing demand for its grocery-anchored…
MercadoLibre’s Q2 profit doubles on higher sales volume, user growth
SAO PAULO (Reuters) -South American e-commerce giant MercadoLibre reported a 113% rise in its second-quarter net income on Wednesday to $261.9 million, amid higher sales volume and an increase in users. The…
MGM Resorts beats second-quarter profit estimates, but sees higher costs
(Reuters) – MGM Resorts International beat Wall Street profit estimates for the second quarter on Wednesday, as visitor rebound in China surpassed pre-pandemic levels. However, costs for casino operations, hotel rooms and…
Clorox forecasts strong annual profit on higher prices, steady demand
By Ananya Mariam Rajesh and Kailyn Rhone (Reuters) – Clorox on Wednesday forecast annual profit above Wall Street estimates after fourth-quarter results beat expectations, boosted by price hikes and steady demand for…
Israel judicial plan, higher interest rates pose risk for financial system -regulator
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel on Wednesday warned of risks to the stability of the banking system due to possible economic consequences from the government’s plan to…
Casino operator Caesars Entertainment posts surprise loss on higher costs
(Reuters) – Caesars Entertainment reported a surprise adjusted loss in the second quarter, as revenue growth from its casino operations was offset by higher costs and interest expense, sending its shares down…
Assurant profit beats on global housing unit strength, higher investment returns
(Reuters) – Insurer Assurant Inc sailed past Wall Street estimates for profit in the second quarter on Tuesday, on the back of growth in its global housing unit and higher investment income.…
Insurer CNA Financial misses profit estimates on higher catastrophe losses in P&C segment
(Reuters) – Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty (P&C) segment partially offset higher investment income. Profits at insurers came under…
Biden Bureaucrat Has Supported Higher Energy Costs To Push The Green Transition. She’s On Her Way With A New Rule
Biden Bureaucrat Has Supported Higher Energy Costs To Push The Green Transition. She’s On Her Way With A New Rule Nick Pope on July 31, 2023 Ann Carlson, acting administrator of the…
Analysis-Oil inventory drops set stage for higher prices
By Ahmad Ghaddar, Arathy Somasekhar and Trixie Yap LONDON/HOUSTON/SINGAPORE (Reuters) – Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader…
Church & Dwight lifts annual targets on higher prices, steady demand
(Reuters) – Church & Dwight raised its annual sales and profit forecasts on Friday, betting on higher prices and steady demand for its household and personal care products including liquid detergents and…
Keurig Dr Pepper beats sales estimates, posts strong forecast on higher prices
(Reuters) – Keurig Dr Pepper Inc beat Wall Street estimates for quarterly results on Thursday and forecast higher annual sales, as the soda maker benefits from multiple rounds of price hikes that…
Marketmind: Bank of Japan sets the stage for higher yields
A look at the day ahead in European and global markets from Vidya Ranganathan The Bank of Japan decided to bend its long-running yield control policy on Friday, just days after the…
Bank of America CEO flags effects of higher capital requirements
By Jonathan Stempel and Tatiana Bautzer NEW YORK (Reuters) -Bank of America CEO Brian Moynihan said U.S. authorities need to be careful when implementing new capital requirements of the Basel III accord…
Textron beats profit estimates on higher pricing of business jets
(Reuters) – Textron Inc raised its full-year adjusted earnings per share forecast on Thursday, as stronger pricing of business jets and military helicopters continues to offset inflationary costs and drive revenue growth…
Higher interest rates depress UK commercial property, survey finds
By David Milliken LONDON (Reuters) – Two thirds of property surveyors think Britain’s commercial real estate market is in a downturn, as higher Bank of England interest rates have brought the toughest…
US rate futures see slightly higher chance of Sept hike after Powell’s comments
NEW YORK (Reuters) – U.S. interest rate futures on Wednesday saw an increased probability of another interest rate increase by the Federal Reserve this year in September after Chair Jerome Powell said…
CBO revises U.S. 2023 growth forecast higher amid strong first-half labor market
WASHINGTON (Reuters) – The Congressional Budget Office revised its 2023 U.S. economic growth forecast substantially upward on Wednesday to 0.9% from a meager 0.1% forecast in February, citing a stronger-than-expected labor market…
Unilever hoping for higher Europe ice cream sales but weather a worry
By Richa Naidu LONDON (Reuters) – Unilever, which makes Ben & Jerry’s and Magnum ice creams, said on Tuesday that it hopes to sell more ice cream in Europe this summer but…
PulteGroup results beat estimates on higher new home sales
(Reuters) – PulteGroup Inc beat Wall Street estimates for second-quarter profit and revenue on Tuesday, as strong demand for affordable housing and tight resale inventory boosted new home sales. Existing home-owners locked…
PPG Industries raises forecast as higher prices boost quarterly results
(Reuters) – PPG Industries raised its full-year profit forecast on Thursday after beating second-quarter profit estimates as strong prices helped the industrial coatings maker offset lower demand. While overall sales volumes were…
Capital One Financial beats profit estimates on higher interest income
(Reuters) – Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts’ estimates, helped by higher income from borrowers following a rise in benchmark lending rates. The U.S.…
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