hikes
By Emma Rumney and Padraic Halpin LONDON/DUBLIN (Reuters) – Diageo (LON:) needs its leading stout beer Guinness to keep growing fast and is pushing a zero alcohol alternative. But price hikes are turning off some UK customers and opening the door to rivals such as Heineken (AS:)’s Murphy’s. Guinness has…
Rents rose last quarter, according to a new study of over 750 US real-estate markets.Both tenants and homebuyers lost out as prices remained elevated.Here are 19 places where rents declined by at least 5%. Renters might not have many reasons to celebrate after all.Landlords consistently increased rents across the US…
By David Lawder (Reuters) – The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic domestic industries from China’s state-driven excess production capacity. The U.S. Trade Representative’s office told Reuters that many of the tariffs,…
Investing.com — As per analysts at BCA Research, investors can find solace in the stability of corporate tax rates despite the possibility of a Democratic victory in the upcoming U.S. presidential election. BCA flags that changes to corporate taxes are unlikely given the anticipated political environment. With a likely split…
By David Lawder WASHINGTON (Reuters) – The Biden-Harris administration this week is expected to announce final implementation plans for steep tariff increases on certain Chinese imports, and if U.S. industry gets its way, many of the planned duties would be softened. Manufacturers from electric vehicles to electric utility equipment have…
By Byron Kaye and Roushni Nair (Reuters) -Australia’s bank regulator on Friday raised the amount of spare cash that No. 3 lender ANZ must keep on hand due to suspected wide-ranging misconduct at its bond trading unit, the first financial fallout from the growing scandal. The Australian Prudential Regulation Authority…
By Pete Schroeder WASHINGTON (Reuters) – U.S. regulators will not be able to finalize contentious bank capital hikes before the November presidential election, casting doubt over whether those and other stiff draft rules for Wall Street banks will be completed at all, said five people familiar with the matter. The…
Prices at fast-food chains have been skyrocketing since the start of the pandemic — and one analyst thinks they may now have reached a “tipping point.”McDonald’s, Starbucks, and KFC all recently reported decreases in US same-store sales as rising prices kept some customers away.In response, fast-food chains have been turning…
Investing.com– Most Asian stocks were muted on Thursday as Japanese shares plummeted after the Bank of Japan flagged more interest rate hikes, while a rebound in Chinese markets stalled on more underwhelming business activity data. Regional markets took little support from an overnight rally on Wall Street, where signals on…
A look at the day ahead in U.S. and global markets from Mike Dolan By any standards of an already busy year, markets are digesting an awful lot of information in a very short space of time – with a Bank of Japan interest rate rise and Microsoft (NASDAQ:) earnings…
