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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…
Italian minister warns ECB of risk from higher interest rates
By Federico Maccioni CERNOBBIO, Italy (Reuters) – The outlook for the Italian economy is improving but higher interest rates designed to curb inflation could pose a threat to growth, Italy’s economy minister…
McCormick beats quarterly estimates on higher prices, reiterates outlook
(Reuters) – McCormick & Co Inc beat first-quarter sales and profit expectations on Tuesday as the Cholula sauce maker benefited from multiple prices increases. Shares of the company, which reiterated 2023 sales…
New Poll Reveals One 2024 Contender Has A Higher Net Favorability Than Any Other Presidential Candidate, And It’s Not Trump
New Poll Reveals One 2024 Contender Has A Higher Net Favorability Than Any Other Presidential Candidate, And It’s Not Trump Mary Lou Masters on March 24, 2023 Florida Gov. Ron DeSantis has…
Conservative Think Tanks Score Big In Proposed Florida Higher Ed Budget
Conservative Think Tanks Score Big In Proposed Florida Higher Ed Budget Alexa Schwerha on March 21, 2023 The Florida Higher Education Appropriations Subcommittee (HEAS) reserved millions of dollars in funding for several…
Maserati aims at driving margins higher before any spin-off talk
By Giulio Piovaccari MILAN (Reuters) – Maserati aims to increase its margin on operating profit to 15% in the next 12 months and sees a longer term target of 20% by the…
Thousands protest in Portugal to demand higher wages, cap on food prices
By Sergio Goncalves and Miguel Pereira LISBON (Reuters) – Thousands of protesters filled downtown Lisbon on Saturday to demand higher wages and pensions, as well as government intervention to cap soaring food…
Ohio Higher Education Bill Would End Diversity Mandates, Sever China Ties
Alexa Schwerha on March 15, 2023 An Ohio state lawmaker introduced a bill to reform higher education by increasing course transparency, ending diversity mandates and cutting ties with Chinese institutions, according to…
A Soros-Funded Organization Is Helping A Student Org Defy DeSantis’ Higher Education Reforms
A Soros-Funded Organization Is Helping A Student Org Defy DeSantis’ Higher Education Reforms Alexa Schwerha on March 13, 2023 A network funded by philanthropist George Soros is working with a coalition of students,…
CERAWEEK-Renewable energy investors squeezed by higher interest rates, costs
By Isla Binnie and David French NEW YORK/HOUSTON (Reuters) – Corporations and investors have been pouring money into renewable energy projects, seeing an opportunity to grasp the Holy Grail of socially conscious…
Cathie Wood’s ARK Fund set for worst week since Sept as higher rates loom
By David Randall NEW YORK (Reuters) – Big declines in holdings including Tesla Inc and 2U Inc are leaving star stock picker Cathie Wood’s flagship ARK Innovation Fund on pace for its…
Italy’s Leonardo set to benefit from higher defence spending
ROME (Reuters) – Italy’s Leonardo said on Friday it was set to benefit from higher defence spending following the Russian invasion of Ukraine and that orders for the current year were spread…
ECB deposit rate to peak at 3.75% or higher as inflation stays sticky – Reuters poll
By Jonathan Cable LONDON (Reuters) – The peak for European Central Bank interest rates will be much higher than thought only a month ago, according to economists polled by Reuters, and they…
U.S. job openings fall less than expected; prior month’s data revised higher
WASHINGTON (Reuters) – U.S. job openings fell less than expected in January and data for the prior month was revised higher, pointing to persistently tight labor market conditions that likely will keep…
Factbox-Fed rate watch: Powell fuels bets of longer hike cycle, higher rates
(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve…
Greek economy expands in Q4 on higher consumer spending, investment
ATHENS (Reuters) – Greece’s economy expanded in October-to-December last year with higher consumer spending and investment more than offsetting lower exports, official data showed on Tuesday. Seasonally-adjusted data showed gross domestic product…
Hedge funds put record wager on higher 2-year U.S. bond yield: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) -Hedge funds entered February holding their biggest ever short position in two-year U.S. Treasuries futures. That’s what the most up-to-date Commodity Futures Trading Commission (CFTC) data…
US fourth-quarter labor costs revised higher; productivity growth lowered
WASHINGTON (Reuters) – U.S. labor costs grew faster than initially thought in the fourth quarter, though the pace has slowed from the prior quarters. Unit labor costs – the price of labor…
U.S. home prices to fall 4.5% in 2023 despite higher rates: Reuters poll
By Indradip Ghosh and Prerana Bhat BENGALURU (Reuters) – U.S. home prices are forecast to decline modestly this year and by less than previously thought as demand has declined only slightly despite…
Brazil’s Ambev sees higher costs in 2023 as Q4 net profit rises 36%
SAO PAULO (Reuters) – Ambev SA said on Thursday it expects the cost of goods sold per hectoliter at its beer business in Brazil to rise by 6% to 9.9% in 2023,…
Higher inflation risks to give Russia no room to cut rates this year: Reuters poll
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – The Bank of Russia will not find room to cut interest rates in 2023 as increased budget spending has raised inflation risks, a…
Bundesbank posts first loss in over four decades as higher rates bite
FRANKFURT (Reuters) – Germany’s Bundesbank recorded its first loss in over four decades last year as a string of European Central Bank rate hikes reduced the value of its bond holdings and…
McConnell calls for higher US defense spending over the next year
WASHINGTON (Reuters) – U.S. Senate Republican leader Mitch McConnell called on Congress on Tuesday to increase defense spending in the coming year to confront what he termed growing threats from Russia and…
‘DeSantis Political Operation’: National Orgs Condemn Florida GOP’s Higher Ed Reform Bill
‘DeSantis Political Operation’: National Orgs Condemn Florida GOP’s Higher Ed Reform Bill Alexa Schwerha on February 27, 2023 The American Association of University Professors, the American Teacher Federation and the National Coalition…
Factbox-Fed rate watch: Wall Street banks see longer hike cycle, higher rates
(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve…
Mexico’s Alsea profit slides as rising costs, exchange rate, taxes bite
MEXICO CITY (Reuters) -Mexican restaurant chain operator Alsea reported on Monday a 31% drop in its fourth-quarter net profit from a year earlier, hit by higher energy and raw materials costs and…
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