[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…
KeyCorp second-quarter profit halves on higher loan loss provisions
(Reuters) – KeyCorp reported on Thursday a bigger-than-expected 50% fall in quarterly profit, as it set aside more rainy day funds amid growing economic uncertainties. Shares of the company fell nearly 3%…
Copper miners squeezed by lower prices, higher labor costs
By Arshreet Singh (Reuters) – Major North American copper miners are likely to report a fall in second-quarter profits, as global growth concerns dented realized prices for the red metal and labor…
M&T Bank beats profit estimates as higher rates boost interest income
(Reuters) – M&T Bank Corporation beat Wall Street estimates for second-quarter profit on Wednesday, as the U.S. Federal Reserve’s rapid rate hikes to tame inflation boosted the lender’s interest income. Most consumer-facing…
BNY Mellon beats second-quarter profit estimates on higher rates
(Reuters) – Bank of New York Mellon Corp beat Wall Street targets for second-quarter profit on Tuesday as the U.S. Federal Reserve’s aggressive policy tightening boosted income earned from interest payments on…
California University Employees Threaten To Revamp Largest Strike In Higher Ed History
California University Employees Threaten To Revamp Largest Strike In Higher Ed History Brandon Poulter on July 13, 2023 University of California (UC) system employees are considering another walkout after settling the largest-ever…
U.S. Treasury posts sharply higher $228 billion June deficit
By David Lawder WASHINGTON (Reuters) – The U.S. government posted a $228 billion budget deficit for June, up 156% from a year earlier as revenues continued to weaken and July benefit payments…
US small business lending holding up despite higher cost of credit
By Safiyah Riddle (Reuters) – U.S. small businesses are paying the most for loans in 16 years as borrowing costs have skyrocketed under the Federal Reserve’s aggressive interest rate hikes, but new…
Chile miners, facing higher taxes, seek faster permits, lower energy costs
By Fabian Cambero SANTIAGO (Reuters) – Now that Chile has passed an increase in mining royalties, copper miners are pushing for incentives to keep investing in production of the metal needed for…
Americans’ Confidence In Higher Education Plummets To New Lows
Americans’ Confidence In Higher Education Plummets To New Lows Brandon Poulter on July 11, 2023 U.S. adults’ confidence in higher education is hitting new lows, according to a Tuesday Gallup poll. The…
Bank of England may need to keep rates higher for longer, IMF says
By David Milliken LONDON (Reuters) -The Bank of England may have to keep interest rates high for an extended period if inflation pressures persist, and it was right to raise them by…
Rivian options buyers may be helping drive stock higher
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors are piling into bullish options bets on the shares of Rivian Automotive, with some market participants saying the buying has helped the electric…
India inflation likely rose to 4.58% in June on higher food prices: Reuters poll
By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – India’s inflation likely snapped a four-month decline in June as food prices surged, a Reuters poll of economists found, making a cut in…
Goldman Sachs says rising EV usage to power higher copper demand
(Reuters) – Goldman Sachs said rising usage of electric vehicles (EV) was a “key pillar of copper’s bullish story”, forecasting copper demand from the sector to amount to 1 million tonnes (mt)…
PETER ROFF And GORDON JONES: One Easy Fix To Un-Woke Higher Education
PETER ROFF And GORDON JONES: One Easy Fix To Un-Woke Higher Education Peter Roff and Gordon Jones on July 5, 2023 The call for revisions to the process of accrediting institutions of…
Marketmind: Cold reality of ‘higher for longer’ sets in
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The cold reality of ‘higher for longer’ interest rates that cooled investor…
Delta Air expects full-year profit at higher end of forecast
(Reuters) – Delta Air Lines said on Tuesday it expects full-year profit per share at the high-end of its prior forecast on sustained travel demand. The company earlier said it expects to…
KB Home quarterly revenue rises on higher demand
(Reuters) – KB Home on Wednesday posted a 3% rise in its quarterly revenue, helped by strong demand amid tight supply of homes. Shares of the U.S. homebuilder rose about 1% in…
CARTER And GILMORE: Biden Wants Higher Taxes And More Spending. We Have A Better Idea
CARTER And GILMORE: Biden Wants Higher Taxes And More Spending. We Have A Better Idea James Carter and Jim Gilmore on June 17, 2023 Having resolved the latest federal debt ceiling “crisis,”…
Chinese ETFs edge higher on stimulus hopes
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Shares of U.S.-listed Chinese exchange traded funds edged higher on Thursday, tracking gains in the Chinese markets after the central bank cut borrowing costs…
Republican Senators Introduce Massive Education Package Targeting Higher Education Costs, Loan Debt
Republican Senators Introduce Massive Education Package Targeting Higher Education Costs, Loan Debt Reagan Reese on June 14, 2023 Several Republican senators introduced an education package of five bills on Wednesday aimed at…
Red State Gov Signs Bill Banning Diversity Offices, Initiatives At Higher Education Institutions
Red State Gov Signs Bill Banning Diversity Offices, Initiatives At Higher Education Institutions Reagan Reese on June 14, 2023 Republican Texas Gov. Greg Abbott signed a piece of legislation into law Wednesday…
Credit Suisse shares close slightly higher on final trading day
ZURICH (Reuters) – Credit Suisse shares closed 1% higher at 0.81 Swiss francs ($0.89) on Monday, their last trading day after the stricken bank’s takeover by Swiss rival UBS. Under the terms…
Analysis-EU pork on a lean streak as higher standards drive up costs
By Gus Trompiz PARIS (Reuters) – Record pig prices could have spurred farmers like Carole Joliff to expand their herd, but costly livestock regulations, flagging demand and spreading swine disease point instead…
EXCLUSIVE: GOP Senators Introduce Bill Banning Higher Ed Accreditors From Considering ‘Diversity’ Initiatives
EXCLUSIVE: GOP Senators Introduce Bill Banning Higher Ed Accreditors From Considering ‘Diversity’ Initiatives Reagan Reese on June 1, 2023 Republican Florida Sen. Marco Rubio led the introduction of a bill Thursday that…
Euro zone lending takes another hit from higher rates
FRANKFURT (Reuters) – Euro zone bank lending slowed again in April, supporting the case for careful interest rate hikes in the months ahead as weak growth and surging borrowing costs are already…
Breaking News
