Diesel price increase affects trucking industry

video Daniel Turner: Diesel shortage is coming at the ‘worst possible time’ Power the Future executive director Daniel Turner analyzes the Biden administration’s stance on coal, fossil fuels and alternative energy sources on ‘Fox Business Tonight.’ Nationwide, truckers and trucking companies have been dealing with the rising prices of diesel since this summer. They say they are seeing no sign […]

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UK GDP Logs First Contraction Since Early 2021

The UK economy contracted for the first time in six quarters in the three months ended September, which is likely to be the beginning of a prolonged recession as projected by the Bank of England. Gross domestic product shrank 0.2 percent sequentially, offsetting the 0.2 percent gain in the second quarter, the first estimate from the Office for National Statistics […]

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October inflation report likely to show consumer prices increased again

video Fed reacting to backward-looking data, inflation likely peaked: Brent Schutte Northwestern Mutual Wealth Management Chief Investment Strategist Brent Schutte and Raymond James Washington Policy Analyst Ed Mills discuss which directions the market will go after midterm elections on ‘The Claman Countdown.’ A high-stakes inflation report due Thursday is expected to show the fight to wrestle stubbornly high consumer prices […]

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China Consumer Price Inflation Eases; Factory-gate Prices Fall For First Time Since 2020

China consumer price inflation slowed more than expected in October on weaker demand and producer prices declined for the first time since December 2020, official data revealed on Wednesday. Consumer prices grew 2.1 percent in October from the same period last year, the National Bureau of Statistics reported. This was slower than the 2.8 percent increase posted in September and […]

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Adidas Q3 Profit Drops – Quick Facts

German sports sneaker and apparel maker Adidas AG (ADDYY.PK,ADDDF.PK) reported that its third quarter net income attributable to shareholders dropped to 347 million euros or 1.91 euros per share from 960 million euros or 4.94 euros per share in the prior year. Quarter net income from continuing operations declined to 66 million euros from the prior year’s 479 million euros. […]

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Germany Factory Orders Decline Further On Weak Foreign Demand

The decline in Germany’s factory orders deepened in September due to a sharp fall in foreign demand, data from Destatis showed on Friday. Factory orders declined by more-than-expected 4.0 percent on a monthly basis, following a 2.0 percent fall in August. This was the biggest fall since March 2022. Orders were forecast to ease 0.5 percent. Excluding large-scale orders, there […]

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