Car manufacturers like General Motors (GM) and Ford (F) have scaled back their electric vehicle production plans amid weaker demand. Sila co-founder and CEO Gene Berdichevsky joins Asking for a Trend to discuss the state of the EV market and how Sila fits in. Sila is a battery manufacturer that seeks to improve the safety, […]
Tag: demand
Robust demand boosts India factory growth in June, PMI shows
By Shaloo Shrivastava BENGALURU (Reuters) – Activity in India’s manufacturing sector rebounded last month as output increased on robust demand, leading to the fastest rate of hiring in over 19 years, despite inflationary pressures remaining elevated, a survey showed. Strong demand is a much needed ingredient for growth in Asia’s third-largest economy, which is the […]
Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs
Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined […]
Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs
Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined […]
Oil prices lifted by summer demand hopes
Oil prices rose on Monday, helped by expected peak summer consumption and OPEC+ production cuts, though gains were capped by rising output from other producers and the potential for economic volatility resulting from a changing political landscape. Brent crude (BZ=F) futures rose 54 cents, or 0.64%, to $85.55 a barrel by 1105 GMT. U.S. West […]
Japan revises economic growth in 1Q downward, as latest data show sluggish demand and rising prices
BANGKOK (AP) — Japan revised its earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year, as meanwhile a survey by the central bank released Monday showed conditions remain sluggish. Analysts had expected the downward revision in the GDP data for January-March and said it […]
Oil inches higher on summer demand outlook
By Florence Tan SINGAPORE (Reuters) – Oil prices edged up in early trade on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains. Brent crude futures rose 16 cents, or 0.2%, to $85.16 […]
3 Top Dividend Stocks to Buy to Cash in on Red-Hot Power Demand
A heat wave has gripped much of the country this summer. That has people cranking up their ACs to cool down, which is boosting power demand. The rise in power consumption and prices will likely raise the average power bill by about 3% this year compared to last summer. The current heat isn’t the only […]
NVIDIA Corporation (NVDA) Jumped on Booming Demand for AI Products
Meridian Funds, managed by ArrowMark Partners, released its “Meridian Hedged Equity Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. Risk assets continued to rise while market volatility remained low in the first quarter, perhaps indicating that investors are becoming somewhat complacent. In the quarter, the fund appreciated 5.46% […]
‘We are anti-racist police.’ NAACP, public defender demand Fort Lauderdale cop be fired
The Broward NAACP and Public Defender’s Office strongly urged Friday that a Fort Lauderdale police officer be fired after a police investigation determined he spewed racial slurs and instigated a fight with group of Black men outside a club following a night of drinking. Last month, Fort Lauderdale Police Chief William Schultz and a civilian […]
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 […]
Bank of England repo demand climbs to record 21 billion pounds
LONDON (Reuters) – British banks received a record 21.347 billion pounds ($27.01 billion) in funds from the Bank of England at its weekly short-term repo on Thursday, marking the 11th time in the past 14 repos that usage has set a fresh record high. Usage of the repo, which allows banks to temporarily borrow cash […]