TOMS RIVER, NJ – It’s the start of another weekend at the Jersey Shore and traffic is once again lighter than expected as gas prices soar above $5 for the …
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Business News
FirstEnergy Amends Price and Timing of Cash Tender Offer and Announces Satisfaction of Financing Condition
by Your Newsby Your NewsAKRON, Ohio, June 9, 2022 — FirstEnergy Corp. (NYSE: FE) announced today that it has amended certain terms of its previously announced cash tender offer, including the price and timing …
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Financial News
Goldman maintains natgas price forecast, awaits more information about Freeport LNG outage
by Reutersby Reuters(Reuters) – Goldman Sachs maintained its $6.80/$5.60 Henry Hub and 89/86 EUR/MWh TTF Sum22/Win22-23 price forecasts after the Freeport LNG outage, noting that the duration of the outage would be …
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Financial News
Philippine banana growers plead for Japanese consumers to bear price hikes
by Reutersby ReutersTOKYO – The Philippines on Wednesday appealed directly to consumers in its top export market Japan to pay higher prices for imported bananas to help shoulder a surge in production …
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Financial News
Goldman raises Brent price outlook on unresolved supply deficit
by Reutersby Reuters(Reuters) – Goldman Sachs increased its Brent oil price forecasts by $10 to $135 a barrel for the period between the second half of 2022 and the first half of …
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President Joe Biden said, “the idea that we’re gonna be able to…click a switch, bring down” gas prices is unlikely, during his White House meeting with Biden administration officials and …
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Financial News
Japan price pressures mount as firms ditch ‘deflation’ model, says BOJ official
by Reutersby ReutersBy Leika Kihara TOKYO -Japan may see inflationary pressure build as more companies shift away from a business model that worked under a prolonged period of deflation, Bank of Japan …
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Financial News
JPM says Japanese automakers to see record profits on price hikes, cost cuts
by Reutersby Reuters(Reuters) – Japanese auto companies are likely to post record profits this year as they raise vehicle prices and cut costs to mitigate the hit from soaring inflation, J.P. Morgan …
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Financial News
U.S. house price inflation to cool as buyers sidelined by higher rates: Reuters poll
by Reutersby ReutersBy Indradip Ghosh and Prerana Bhat BENGALURU – Burning U.S. house price inflation will cool to 10%, half its current rate this year, and slow further over the next two …
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Financial News
UK’s Sainsbury’s to invest 500 million pounds over two years to soften price rises
by Reutersby ReutersLONDON – British supermarket Sainsbury’s said on Monday it was stepping up its efforts to keep a lid on prices and it would spend 500 million pounds ($631.4 million) over …
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Business News
FirstEnergy Commences Cash Tender Offer for up to $800 Million Aggregate Purchase Price of Certain of Its Outstanding Notes
by Your Newsby Your NewsAKRON, Ohio, May 25, 2022 — FirstEnergy Corp. (“FirstEnergy”) (NYSE: FE) announced today that it has commenced an offer to purchase for cash (the “Tender Offer”) up to the maximum …
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Financial News
German house price inflation to slow as borrowing and living costs bite – Reuters poll
by Reutersby ReutersBy Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON – German home prices will rise faster this year than thought only three months ago, as a supply shortage outweighs a deepening cost …
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By Gabriel Araujo, Lisandra Paraguassu and Gram Slattery SAO PAULO – Shares of Brazil’s state-run oil company Petrobras plunged on Tuesday after the government ousted its chief executive for the …
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By Valentina Za MILAN – Leading international banks exposed to Russia booked more than 11 billion euros ($12 billion) in provisions in the first quarter to brace for potential losses. …
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By Gopal Sharma KATHMANDU – Nepal’s state-owned oil company has hiked the retail prices for fuels, including petrol and cooking gas, by up to 12.5% because of rising global oil …
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By Yoruk Bahceli (Reuters) – Euro zone money markets on Friday ramped up their bets on a 50 basis-point interest rate hike from the European Central Bank in July that …
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WASHINGTON – U.S. Senators Elizabeth Warren and Mike Rounds on Thursday introduced a bipartisan resolution asking the Federal Trade Commission to investigate beef companies for potential price fixing. It is …
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Featured NewsTop HeadlinesUS and World News
California Becomes First State To Ever Record Average Gas Price Of $6 A Gallon
California Becomes First State To Ever Record Average Gas Price Of $6 A Gallon Thomas Catenacci on May 18, 2022 California became the first state Tuesday to ever record an …
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Financial News
Ukraine removes fuel price restrictions to increase supply – economy minister
by Reutersby ReutersKYIV – Ukraine’s government has lifted restrictions on fuel prices to enable traders to import more and make up the shortage Ukraine is experiencing after Russian forces destroyed many storage …
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Featured NewsTop HeadlinesUS and World News
Economists Trash Dems’ Fuel Price Control Proposal: ‘Can’t Believe They’re Dumb Enough To Do This’
Economists Trash Dems’ Fuel Price Control Proposal: ‘Can’t Believe They’re Dumb Enough To Do This’ Thomas Catenacci on May 16, 2022 “I just can’t believe they’re dumb enough to do …
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Financial News
BOJ deputy vows to maintain monetary stimulus despite price pressures
by Reutersby ReutersBy Tetsushi Kajimoto TOKYO – The Bank of Japan must maintain current monetary stimulus to create sustainable increases in prices, corporate profits, jobs and wages, its deputy governor said on …
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Financial News
Column-World wheat squeeze set to worsen into 2023, price risks remain -Braun
by Reutersby ReutersBy Karen Braun NAPERVILLE, Ill. – Despite global wheat prices trading at record highs for the time of year, market participants may have been too optimistic on the supply outlook …
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Financial News
Analysis-BOJ still a lone dove, but less so as global price pressures intensify
by Reutersby ReutersBy Leika Kihara TOKYO – The Bank of Japan is dropping hints the recent rise in inflation may prove longer-lasting and driven by solid demand, a sign global price pressures …
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FRANKFURT – Germany’s largest airport operator Fraport said on Tuesday it expects to be able to compensate for rising inflation by passing costs to customers even as it sees higher …
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Financial News
Steelmaker JFE seeks product price hike of $230/T amid soaring material costs
by Reutersby ReutersTOKYO -Japan’s No.2 steelmaker, JFE Holdings Inc, is seeking to raise product prices by 30,000 yen ($230) a tonne in the April-June quarter or next to reflect soaring costs of …