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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…
Sysco Corp misses profit estimates on higher input costs
(Reuters) – U.S. food distributor Sysco Corp missed Wall Street expectations for third-quarter profit on Tuesday, hurt by higher raw material costs and a stronger dollar. Shares of the Texas-based company fell…
TIM to seek new round of higher bids for landline grid – sources
MILAN (Reuters) – Telecom Italia (TIM)’s CEO Pietro Labriola is expected to propose to directors to seek further improvements of multi-billion bids for the company’s landline grid at a board meeting on…
Sharpie-maker Newell sees 2023 profit at low end of forecast on higher costs, softer demand
(Reuters) – Sharpie-maker Newell Brands Inc on Friday forecast annual sales and profit at the low end of its previous outlook, signaling a hit from softer demand for its products and higher…
Embraer sees positive outlook for Ipanema aircraft after higher Q1 sales
SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Friday it has sold 33 Ipanema 203 aircraft in the first quarter of 2023, a 38% increase from the same period of…
NVR beats quarterly profit expectations on higher home prices
(Reuters) – Homebuilder and mortgage banking company NVR Inc beat analysts’ expectations for first-quarter profit on Tuesday, helped by higher home prices. U.S. home prices have remained elevated as a shortage of…
Kimberly-Clark lifts 2023 profit forecast on higher prices
(Reuters) – Kimberly-Clark Corp raised its full-year profit forecast on Tuesday as consistent price hikes helped the company post better-than-expected sales in the first quarter, despite weak volumes across all its segments.…
Builder PulteGroup beats results expectations on higher home prices
(Reuters) – U.S. homebuilder PulteGroup Inc on Tuesday beat Wall Street estimates for first-quarter profit and revenue as home prices stayed elevated amid limited supply. A shortage of homebuilding supplies had affected…
GUNASEKARA: The Biden EPA Will Drive Energy Bills Even Higher With Yet Another Legally Dubious Regulation
GUNASEKARA: The Biden EPA Will Drive Energy Bills Even Higher With Yet Another Legally Dubious Regulation Mandy Gunasekara on April 24, 2023 A new “Clean Power Plan 2.0” is coming soon from…
ECB has travelled most of the way towards higher interest rates – Villeroy
PARIS (Reuters) – The European Central Bank has already gone “most of the way” in raising interest rates to tackle inflation, French ECB policymaker Francois Villeroy de Galhau said on Monday, adding…
CSX quarterly results beat estimates on higher freight rates
(Reuters) – U.S. railroad operator CSX Corp posted better-than-expected quarterly profit and revenue on Thursday, as higher shipment rates had helped offset the impact of a 1% drop in volumes. Shares of…
Dollar bonds of India’s Adani Group firms inch higher
MUMBAI (Reuters) – The U.S. dollar-denominated bonds issued by entities of India’s Adani Group were trading marginally higher on Thursday, after a group company said it will consider a buyback of securities.…
U.S. Bancorp beats profit estimates as higher rates boost interest income
(Reuters) – U.S. Bancorp (USB) on Wednesday beat estimates for first-quarter profit as rapid rate hikes from the Federal Reserve helped the lender earn more from the interest charged on loans. That…
Marketmind: Global pulse picks up, rates creep higher again
A look at the day ahead in U.S. and global markets from Mike Dolan With investors largely assuming recession ahead, an accelerating global economic pulse challenges the narrative and is seeing interest…
China fiscal revenue turns higher in March on recovering economic activity
BEIJING (Reuters) – China’s fiscal revenue rose in March, reversing a decline in January-February, as economic activity rebounded following the end of strict COVID curbs, but the finance ministry warned that revenue…
J.B. Hunt misses estimates on weak freight demand and higher maintenance expenses
(Reuters) – J.B. Hunt Transport Services Inc reported lower-than-expected quarterly earnings on Monday, hurt by weak shipping demand, high driver wages and maintenance expenses. Shares of trucking operator fell 2.43% to…
BIS head warns of threats to financial stability, rates need to stay higher
By Marc Jones LONDON (Reuters) – The head of the Bank of International Settlements has warned that years of fighting economic crises have created conditions that are pushing the limits of stability…
Fed’s Waller: Not much progress on inflation, higher rates needed
By Howard Schneider (Reuters) – Despite a year of aggressive rate increases U.S. central bankers “haven’t made much progress” in returning inflation to their 2% target and need to move interest rates…
PNC Financial beats profit estimates on boost from higher interest rates
(Reuters) – PNC Financial Services Group reported an 18.5% rise in first-quarter profit on Friday, as the Federal Reserve’s rate hikes fueled a surge in the U.S. regional lender’s net interest income…
Layoffs, Higher Prices And Fewer Choices Could Be Consequences Of Biden’s New Policy, Experts Warn
Layoffs, Higher Prices And Fewer Choices Could Be Consequences Of Biden’s New Policy, Experts Warn John Hugh DeMastri on April 12, 2023 Economists and industry experts have expressed concern that the Biden…
Southwest Airlines CEO receives higher bonus despite holiday meltdown
By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines Co paid a higher bonus to Chief Executive Bob Jordan, a regulatory filing showed, even after the company promised to cut executive incentive…
These States Are Pushing To Force Diversity, Equity And Inclusion Programs In Higher Education
These States Are Pushing To Force Diversity, Equity And Inclusion Programs In Higher Education Alexa Schwerha on April 6, 2023 As Republican-led states fight for laws to cut Diversity, Equity and Inclusion…
Risks loom over China’s top tier banks from property downturn, higher costs
By Ziyi Tang and Ryan Woo BEIJING (Reuters) – China’s largest banks will see near-term revenue and margin pressures on a persisting property sector downturn, higher costs and a worsening global macro…
OPEC+ may spur U.S. crude oil exports, tick production higher
By Stephanie Kelly and Liz Hampton (Reuters) – OPEC’s surprise oil production cuts could lead to higher demand for U.S. oil in Europe and Asia and could encourage some other producers to…
Italy sees 2023 deficit on target despite higher rates, Eurostat setback – sources
By Giuseppe Fonte ROME (Reuters) – Italy estimates a 2023 budget deficit broadly in line with its previous goal of 4.5% of national output, people familiar with the matter said, as Rome…
TSX set for higher open as crude oil prices soar
Canada’s main stock index edged up on Monday, tracking strength in crude oil prices, while investors watched out for March manufacturing activity data due later in the day. June futures on the…
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