Category: demand
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U.S. natural gas slumps as Gulf of Mexico storm seen slamming demand (NYSEARCA:UNG)
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straga/iStock via Getty Images U.S. natural gas futures fell sharply on Monday as Tropical Storm Francine in the Gulf of Mexico was expected to make landfall on the upper Texas and Louisiana coasts on Wednesday, raising the possibility of lower natural gas prices by reducing demand. By cutting off power…
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US Steel Industry Sees Economy Reviving Demand in 2025
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Breadcrumbs Path Links PMN Business U.S. steel industry executives say they are optimistic that demand for the industrial material will rebound next year, recovering from weak demand and low prices that hobbled the industry in 2024. Article author: Bloomberg News Sana Pashankar Published on August 31, 2024 • Read for…
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Nations building their own AI models add to Nvidia’s growing chip demand By Reuters
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Written by Archia Bajwa Countries that build artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:NVIDIA) chips, adding to already surging demand as generative AI takes center stage for businesses and governments, a senior executive said Wednesday. Nvidia’s third-quarter forecast for a surge in sales of its…
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Nations building their own AI models add to Nvidia’s growing chip demand By Reuters
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Written by Archia Bajwa Countries that build artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:NVIDIA) chips, adding to already surging demand as generative AI takes center stage for businesses and governments, a senior executive said Wednesday. Nvidia’s third-quarter forecast for a surge in sales of its…
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Are financial advisers in demand?
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The job market is changing faster than ever before. New technologies like artificial intelligence and automation threaten to reshape the world of work as we know it. Many people, from truck drivers to accountants, don’t know if their jobs will still be around in a decade, let alone what their…
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HP Q3 2024 Earnings Preview: In-line expectations on seasonal demand (NYSE:HPQ)
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HP (NYSE:HPQSaudi Telecom Company (SABIC) is scheduled to announce its third-quarter earnings results on Wednesday, August 28, after the market closes. Analysts expect earnings of $0.86 per share (flat year-over-year) on revenue of $13.36 billion (+1.2% year-over-year). The company is expected to post consistent results. With the onset of seasonal…
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Manufacturers now seek stimulus package as weak demand cuts sales
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Manufacturers are proposing a government stimulus package to revive their fortunes after sales mostly fell in an environment of weak demand for goods and high borrowing costs. A survey of corporate chief executives by the Central Bank of Kenya showed that 69.2% of manufacturing firms reported a decline in sales…
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Here’s How US Bitcoin Demand Spiked Following Fed Chair’s Speech
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Bitcoin price saw an early rally over the weekend following Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Symposium. According to the latest on-chain note, the announcement of potential interest rate cuts has increased demand for Bitcoin in the past day. Bitcoin Demand Grows in the US –…
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Here’s How US Bitcoin Demand Spiked Following Fed Chair’s Speech
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Bitcoin price saw an early rally over the weekend following Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Symposium. According to the latest on-chain note, the announcement of potential interest rate cuts has increased demand for Bitcoin in the past day. Bitcoin Demand Grows in the US –…
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Morgan Stanley latest to cut oil demand growth forecast on China factors (NYSEARCA:USO)
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SlavkoSereda/iStock via Getty Images Crude oil futures settled higher on Friday but fell for the week as the market digested bullish U.S. inventory data and Federal Reserve Chairman Jerome Powell delivered his speech. Strongest signal yet The central bank will cut interest rates next month. Earlier this week, oil futures…
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Gatwick sees 7.7% passenger increase as short-haul demand surges
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Gatwick Airport has reported a significant rise in passenger numbers, with 19.9 million passengers passing through its terminals in the first half of 2024, a 7.7% increase compared to the same period last year. The UK’s second-largest airport attributes the growth to a strong recovery in short-haul travel, even as…
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Bulls Must Hold $2,500, Spot ETF To Catalyze Demand
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Ethereum, like most altcoins, is under heavy selling pressure and is struggling to shake off the weakness it suffered in early August. Despite flashes of strength after the August 5 sell-off, prices remain below $2,800. The only positive thing at the moment, at least looking at the daily chart, is…
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Crude oil little changed after volatile week with China demand fears lingering
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SlavkoSereda/iStock via Getty Images Crude oil futures ended the week little changed as lingering concerns over the outlook for demand in China and easing geopolitical risks offset economic data showing slowing inflation and strong retail sales pointing to resilient consumer spending. “It was Oil markets had a volatile week, said…
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Value of Kenya tea exports to Pakistan up 11pc on demand
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The value of Kenyan tea bought by Pakistan rose 10.6 percent in the six months to June, extending the Asian nation’s dominance as the biggest buyer of the drink from the East African nation and helping to offset falling sales to other major buyers. New data from the Central Bank…
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Oil prices dip as OPEC cuts demand forecast, economic cues awaited By Investing.com
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Oil prices fell in Asian trading on Tuesday, reversing last week’s rally, as a series of economic signals this week raised caution, while OPEC also cut its forecast for demand growth in 2024. Prices rose sharply from their lowest levels in more than seven months as fears of an escalating…
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Trump’s demand for influence over the Fed conjures comparisons to Nixon
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Donald Trump’s assertion that he has “better instincts” for setting interest rates than the Federal Reserve or its chairman does not appear to have weakened the dollar in international currency markets. Markets appear skeptical that Trump would be able to undermine the independence of the Federal Reserve if elected, believing…
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Jacobs beats Q2 revenue estimates on steady demand in infrastructure business By Reuters
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(Reuters) – Engineering consultancy Jacobs Solutions Inc beat third-quarter revenue estimates on Tuesday, helped by continued demand at its infrastructure services unit. The People & Places Solutions (P&PS) segment, which provides architecture, energy transformation and other technology services, benefited from the US government’s $1 trillion infrastructure bill, as well as…
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EBay beats quarterly results estimates on steady demand for refurbished goods By Reuters
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(Reuters) – eBay Inc beat Wall Street expectations on revenue and profit in the second quarter, helped by strong demand for used goods, auto parts and cost-effective accessories. But the e-commerce giant’s third-quarter revenue forecast fell short of analysts’ estimates, pointing to the effects of a tough economy. The company’s…
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T-Mobile lifts subscriber addition target on demand for premium bundled plans By Reuters
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By Harshita Mary Varghese (Reuters) – T-Mobile Inc raised its full-year forecast for monthly billable phone subscribers after seeing more customers than expected in the second quarter on strong demand for its discounted unlimited plans that include streaming features. The company’s shares were up 3.6% at midday Wednesday. U.S. wireless…