business

European markets close lower;  sterling slumps to historic low against the dollar

European markets close lower; sterling slumps to historic low against the dollar

Stocks on the move: Housebuilders suffer British housebuilding and property development stocks were the biggest fallers shortly before the close. Vistry Group and Bellway were both down around 7%, while Taylor Wimpey and Persimmon were down around 6% at 4:15 pm in London. It comes amid concerns that the Bank of England will raise interest …

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Conor Provost of Bluejacket brewery in Washington, DC, puts beer in a car in April 2020. The brewpub began offering curbside pickup and delivery of beer and food at the onset of the coronavirus shutdown.

Could there be a shortage? Inflation, supply chain issues remain

Beer makers are facing many challenges as inflation and supply chain issues raise cost of brewing and shipping. Shortages in aluminum cans and carbon dioxide, used in brewing, have hampered some brewers. For consumers, beer prices are rising – up 5% so far this year – but not as fast as on other goods including …

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This iconic bar of soap, with two weird claims to fame, has stuck around for nearly 150 years |  CNN Business

This iconic bar of soap, with two weird claims to fame, has stuck around for nearly 150 years | CNN Business

New York CNN Business — Walk into a Walmart, Target, any drugstore chain in your neighborhood or a corner bodega for New York City dwellers, and chances are you’ll find an Ivory Soap bar, or a pack of 10 bars for under $5, sitting on the shelf. This iconic cake of soap, invented almost 150 …

This iconic bar of soap, with two weird claims to fame, has stuck around for nearly 150 years | CNN Business Read More »

It's common to charge electric vehicles at night.  That will be a problem.

It’s common to charge electric vehicles at night. That will be a problem.

As electric vehicles hit the road around the country, millions of thousands of Americans are beginning to learn the ins and outs of car charging: how to install home chargers, where to find public charging stations, and how to avoid the dreaded “range anxiety. ” But as EV owners plug in their cars, there is …

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Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Register now for FREE unlimited access to Reuters.com Register Dollar index at two-decade high Euro slides back toward two-decade lows Putin announces partial troop mobilization for Ukraine Markets gauging Fed hawkishness in Powell briefing LONDON/NEW YORK, Sept 21 (Reuters) – The dollar surged to a new two-decade high on Wednesday just ahead of another expected …

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Biden administration picks former Chicago, DC transportation leader to head EV charging program

Biden administration picks former Chicago, DC transportation leader to head EV charging program

Klein will serve as executive director of the Joint Office of Energy and Transportation, which was established by the bipartisan infrastructure bill, and coordinates between the US Departments of Energy and Transportation. The departments announced the news Tuesday morning. “We look forward to working with Gabe to help deliver on President Biden’s Bipartisan Infrastructure Law …

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Oil little changed as markets debate fed hikes and supply woes

Oil little changed as markets debate fed hikes and supply woes

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US April 21, 2020. REUTERS/Drone Base Register now for FREE unlimited access to Reuters.com Register Strong dollar weighs as Fed rate decision looms Supply concerns limit decline Easing COVID-19 restrictions in China could lend support HOUSTON, Sept …

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Coal stoves and wood thieves: Europe braces for winter without Russian gas

Coal stoves and wood thieves: Europe braces for winter without Russian gas

BERLIN — Jörg Mertens knew the West’s standoff with Russia had sent energy prices soaring across Europe. But his August bills left him gobsmacked. His energy tab had surged by 70 percent. “I’m afraid,” said the 60-year-old Munich man, his voice breaking. After rent, the increased costs — about $190 a month for electricity and …

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Here are Friday's biggest analyst calls of the day: Amazon, FedEx, Tesla, Apple, Snowflake & more

Here are Friday’s biggest analyst calls of the day: Amazon, FedEx, Tesla, Apple, Snowflake & more

Here are Friday’s biggest calls on Wall Street: KeyBanc reiterates Apple as overweight KeyBanc said Apple shares remain attractive. “We recommend owning AAPL. Our KFLD (KeyBanc First Look Data )shows Indexed Spending was +2.0% m/m in August, vs. the three-year avg. of +1.0%. Positively, QTD data appears to be tracking +15 % where September should …

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Steel Dynamics Boosts Outlook, US Steel On Track After Nucor Warning

Steel Dynamics Boosts Outlook, US Steel On Track After Nucor Warning

Steel Dynamics (STLD) said Thursday that third-quarter earnings are tracking above analyst estimates. That followed guidance from Nucor (NUE), which on Wednesday warned that profit will lag estimates. X US Steel (X), which also updated business trends on Thursday, said profit is running a bit below analyst expectations amid “market headwinds that accelerated” during Q3. …

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