Tag: dampen

Russia’s frenemy China is quietly trying to dampen Putin’s influence

Members of the Shanghai Cooperation Organization are meeting in Kazakhstan Wednesday. It comes amid increasing tensions between two of the group’s most powerful members. Russia and China are competing over influence in Central Asia. The leaders of a club of countries touted by Russia and China as a counterweight to Western global power are meeting […]

Southwest Airlines’ pricing woes dampen forecast despite solid travel demand

By Shivansh Tiwary (Reuters) -Southwest Airlines flagged ongoing struggles with pricing in its second quarter on Wednesday, despite expectations for record summer travel demand in the United States. The low-cost carrier lowered its expectations for revenue per available seat miles (RASM) – a key proxy for pricing power – even though it expects record revenue […]

Record high prices, rising mortgage rates dampen US home sales

By Lucia Mutikani WASHINGTON (Reuters) -U.S. existing home sales fell for a third straight month in May as record-high prices and a resurgence in mortgage rates sidelined potential buyers from the market. There was, however, some encouraging news on the housing market, with the National Association of Realtors reporting on Friday that housing inventory jumped […]

Extended offers dampen excitement for China’s mid-year e-commerce festival

By Casey Hall and Sophie Yu SHANGHAI (Reuters) – China’s mid-year e-commerce sales festival failed to stir up a great deal of excitement among shoppers, industry experts said, even as major platforms extended offers to a weeks-long period to woo belt-tightening consumers amid a gloomy economic outlook. The 618 festival, named after the June 18 […]

Recent storms dampen Hawaii’s drought forecast

Jan. 28—Predictions of extreme drought in Hawaii this winter — bolstered by ongoing El Nino conditions — have so far missed the mark. Storms in December and January defied El Nino — and the forecasts — turning parched regions of the islands green and leaving nearly 90% of the state free of drought. But a […]