Gas is Now Over $5 Per Gallon Across New Jersey, Highest Price Ever
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 …
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FirstEnergy Amends Price and Timing of Cash Tender Offer and Announces Satisfaction of Financing Condition
AKRON, Ohio, June 9, 2022 — FirstEnergy Corp. (NYSE: FE) announced today that it has amended certain terms of its previously announced cash tender offer, …
Goldman maintains natgas price forecast, awaits more information about Freeport LNG outage
(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 …
Philippine banana growers plead for Japanese consumers to bear price hikes
TOKYO – The Philippines on Wednesday appealed directly to consumers in its top export market Japan to pay higher prices for imported bananas to help …
Goldman raises Brent price outlook on unresolved supply deficit
(Reuters) – Goldman Sachs increased its Brent oil price forecasts by $10 to $135 a barrel for the period between the second half of 2022 …
Biden Says Idea of Quick Gasoline Price Fix is Unlikely
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 …
Japan price pressures mount as firms ditch ‘deflation’ model, says BOJ official
By Leika Kihara TOKYO -Japan may see inflationary pressure build as more companies shift away from a business model that worked under a prolonged period …
JPM says Japanese automakers to see record profits on price hikes, cost cuts
(Reuters) – Japanese auto companies are likely to post record profits this year as they raise vehicle prices and cut costs to mitigate the hit …
U.S. house price inflation to cool as buyers sidelined by higher rates: Reuters poll
By Indradip Ghosh and Prerana Bhat BENGALURU – Burning U.S. house price inflation will cool to 10%, half its current rate this year, and slow …
UK’s Sainsbury’s to invest 500 million pounds over two years to soften price rises
LONDON – British supermarket Sainsbury’s said on Monday it was stepping up its efforts to keep a lid on prices and it would spend 500 …
FirstEnergy Commences Cash Tender Offer for up to $800 Million Aggregate Purchase Price of Certain of Its Outstanding Notes
AKRON, Ohio, May 25, 2022 — FirstEnergy Corp. (“FirstEnergy”) (NYSE: FE) announced today that it has commenced an offer to purchase for cash (the “Tender …
German house price inflation to slow as borrowing and living costs bite – Reuters poll
By Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON – German home prices will rise faster this year than thought only three months ago, as a supply …
Petrobras shares drop following CEO ouster, fuel price woes
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 …
Factbox-Global banks pay price of Russia retreat
By Valentina Za MILAN – Leading international banks exposed to Russia booked more than 11 billion euros ($12 billion) in provisions in the first quarter …
Nepal raises retail fuel price, stoking inflation fears
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% …
Money markets price in 50-50 chance of 50 bps July ECB hike
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 …
U.S. senators propose FTC investigate beef price fixing
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 …
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 …
Ukraine removes fuel price restrictions to increase supply – economy minister
KYIV – Ukraine’s government has lifted restrictions on fuel prices to enable traders to import more and make up the shortage Ukraine is experiencing after …
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 …
BOJ deputy vows to maintain monetary stimulus despite price pressures
By Tetsushi Kajimoto TOKYO – The Bank of Japan must maintain current monetary stimulus to create sustainable increases in prices, corporate profits, jobs and wages, …
Column-World wheat squeeze set to worsen into 2023, price risks remain -Braun
By Karen Braun NAPERVILLE, Ill. – Despite global wheat prices trading at record highs for the time of year, market participants may have been too …
Analysis-BOJ still a lone dove, but less so as global price pressures intensify
By Leika Kihara TOKYO – The Bank of Japan is dropping hints the recent rise in inflation may prove longer-lasting and driven by solid demand, …
Fraport to compensate rising inflation with price hikes
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 …
Steelmaker JFE seeks product price hike of $230/T amid soaring material costs
TOKYO -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 …
UK annual house price rise eases to 10.8% – Halifax
LONDON – British house prices rose for a tenth consecutive month in April, although the annual rate of growth eased slightly from the 15-year high …
U.S. rate futures price in 75% chance of 75 bps Fed hike in June
By Gertrude Chavez-Dreyfuss NEW YORK – Futures on the federal funds rate priced in on Thursday a roughly 75% chance of a three quarters of …
Canadian dollar seen rebounding as high oil price feeds trade surplus: Reuters poll
By Fergal Smith TORONTO – The Canadian dollar will claw back its recent decline over the coming year, as elevated oil prices bolster Canada’s trade …
U.S. rate futures price in 70% chance of 50 bps hike in June Fed meeting
(Reuters) – Futures on the federal funds rate have priced in a roughly 70% chance of another half a percentage-point tightening at next month’s meeting …
‘We Put A Price On Woke Capital’: Christopher Rufo Explains Game Plan For Fighting Radical Corporations
‘We Put A Price On Woke Capital’: Christopher Rufo Explains Game Plan For Fighting Radical Corporations Laurel Duggan on May 3, 2022 Manhattan Institute senior …
Bank of Mexico board member cautions on implementing price controls
MEXICO CITY – Bank of Mexico board member Jonathan Heath on Tuesday cautioned on implementing price controls to tackle inflation, saying the measures only work …
Nasdaq Nordic says investigating price movements after flash crash
STOCKHOLM – Nasdaq Nordic is looking into an unexplained plunge in equities earlier on Monday, which brokers Nordnet said was a “flash crash” triggered by …
Continental plans price hikes due to $3.7 billion extra costs in 2022
FRANKFURT – German car parts supplier Continental said on Friday it expects energy, logistics and materials cost to rise by 3.5 billion euros ($3.7 billion) …
Easing energy costs curb Spanish April price rises but core inflation jumps
MADRID – Easing energy prices helped lower Spanish 12-month inflation to 8.4% in April from March’s near 40-year high, preliminary data showed on Thursday, although …
Bergen County Company Sentenced for Price Gouging KN95 Masks During COVID-19 Pandemic
NEWARK, N.J. – A Bergen County, New Jersey, company was fined $67,668 today and sentenced to one year of probation for its role in price …
OPEC tells IMF that oil price rally mainly due to geopolitics
By Alex Lawler LONDON – OPEC told the International Monetary Fund’s steering committee on Thursday that the surge in oil prices was largely due to …
Union Pacific quarterly profit jumps on price hikes, higher shipments
(Reuters) -U.S. railroad operator Union Pacific Corp posted a 21.5% jump in first-quarter profit on Thursday, benefiting from higher shipments due to a rise in …
Analysis-Ukraine-related price jolts threaten Cuba’s already tepid recovery
By Marc Frank HAVANA – The Russian invasion of Ukraine is making Cuba’s three-year-old foreign exchange crisis worse as import costs jump, undermining an incipient …
Russian teacher rejected Kremlin propaganda, then paid the price
LONDON – Days after Russia’s Feb. 24 invasion of Ukraine, Andrei Shestakov opened a set of files in a WhatsApp group chat for history teachers …
Dubai utility DEWA rises 20% above IPO price
DUBAI – Shares in Dubai Electricity and Water Authority (DEWA) surged about 20% on their market debut on Tuesday after its $6.1 billion initial public …
Russia’s central bank says it will stop buying gold at a fixed price
(Reuters) – Russia’s central bank said on Thursday that due to a “significant change in market conditions” it would buy gold from commercial banks at …
It Took Just Four Days For Biden’s Oil Price Scheme To Go Up In Smoke
It Took Just Four Days For Biden’s Oil Price Scheme To Go Up In Smoke Thomas Catenacci on April 4, 2022 Oil prices shot up …
Peru suspends some fuel taxes to fight price surge
SANTIAGO -Peru’s ministry of economy and finance announced on Sunday that it would suspend taxes on the country’s most consumed fuels to fight surging prices …
Mexican president eyes food price controls if inflation stays high
MEXICO CITY – Mexican President Andres Manuel Lopez Obrador said on Thursday his government will seek to control food prices if inflation cannot be brought …
Japan Q2 growth to be slower than first expected on price rises, Ukraine war – Reuters poll
By Daniel Leussink TOKYO – Japan’s economy will grow at a slower pace than previously thought next quarter in part due to Russia’s invasion of …
Big Oil Thumbs Nose At Democrats, CEOs Decline Price Gouging Hearing Invitation
Big Oil Thumbs Nose At Democrats, CEOs Decline Price Gouging Hearing Invitation Thomas Catenacci on March 30, 2022 Three major U.S. fossil fuel companies rejected …
Brooklyn Supermarket Company Admits to Price Gouging Pandemic PPE Supplies
NEWARK, NJ – A Brooklyn-based chain of grocery stores, Milk & Honey and its partners have admitted price gouging its customers who bought KN95 masks …
Brooklyn Company Admits Price Gouging KN95 Masks During COVID-19 Pandemic
NEWARK, N.J. – A New York company admitted its role in price gouging a chain of New Jersey grocery stores in connection with the sale …
Irn-Bru maker won’t rule out more price hikes as inflation bites
By Sinchita Mitra (Reuters) – The maker of Scottish soft drink Irn-Bru will keep prices unchanged for the next six months but won’t rule out …
Shrinkflation and how companies are downsizing, but charging you the same price
Inflation continues to climb across America at a record pace and now, companies who are afraid to raise prices on their products, instead, are shrinking …