(Reuters) – A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the decade, analysts at investment banker Tudor Pickering Holt & Co said in a report on Tuesday. As much as 8.5 billion cubic feet per day of natural gas could be…
(Reuters) -Levi Strauss fell short of market expectations for second-quarter revenue on Wednesday and maintained its annual earnings forecast, taking its shares down 11% in extended trading. Apparel makers such as Levi and peer Ralph Lauren have worked to prioritize higher margin products and increase penetration through their direct-to-consumer channels. An inventory glut last year…
NEW YORK (Reuters) – U.S. home energy bills are expected to rise by 7.9% this summer as extreme heat increases cooling costs, according to a study released on Monday by the National Energy Assistance Directors Association and the Center for Energy, Poverty, and Climate. Mid-Atlantic and west coast states are forecast to have the biggest…
WASHINGTON (Reuters) – The International Monetary Fund on Thursday views recent U.S. inflation data as “overall higher than we would like to see” and is urging the Federal Reserve to stay cautious and remain data-dependent when deciding monetary policy, IMF spokesperson Julie Kozack said on Thursday. “This is a reminder of course, that there are…
(Reuters) -Billionaire investor Kenneth Griffin called on his alma mater Harvard University on Saturday to embrace “Western values”, saying that the turmoil across college campuses was the product of a “cultural revolution” in U.S. education. Griffin, founder of U.S. hedge fund Citadel, told the Financial Times in an interview that the U.S. had “lost sight…
By Ann Saphir (Reuters) – Federal Reserve policymakers waiting to see renewed progress on inflation before reducing borrowing costs got some encouraging data on Wednesday with a government report showing inflation eased a bit in April. The 3.4% rise in the consumer price index from a year earlier, and the 0.3% increase from March,…
WASHINGTON (Reuters) -The United States is considering taking additional steps against Chinese companies that have been supplying Russia’s defense industrial sector, the State Department said on Thursday. “We are considering further actions,” State Department spokesperson Matthew Miller said in a briefing to reporters a day after Washington targeted China-based firms that have been selling semi-conductors…
