Category: demand
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Quorn parent company suffers £63m loss as demand for plant-based products falls
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Marlowe Foods, the parent company of plant-based brand Quorn, has announced a loss of £63m as demand for meat alternatives continues to decline. Sales fell by 6.9% to £205 million in the last financial year, prompting the company to cut nearly 100 jobs as part of a restructuring programme. Quorn…
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Cardano (ADA) Eyes 20% Price Surge – Funding Rate Suggests Increasing Demand
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This article is also available in Spanish. Cardano is trading at an important supply level that could lead to a significant rally to new highs. Following last week’s rate cut, optimism rose among analysts and investors, with many anticipating strong upward momentum for the altcoin. Related reading This positive sentiment…
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Cardano (ADA) Eyes 20% Price Surge – Funding Rate Suggests Increasing Demand
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This article is also available in Spanish. Cardano is trading at an important supply level that could lead to a significant rally to new highs. Following last week’s rate cut, optimism rose among analysts and investors, with many anticipating strong upward momentum for the altcoin. Related reading This positive sentiment…
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UK Retailers Enjoy 40% Boost in Summer Sales as Price Cuts Drive Demand
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According to data from e-commerce marketing platform Omnisend, retailers across the UK saw a 40% increase in product sales during the summer of 2024. This rise came after a busy sales season in June, July and August, with 237,000 additional sales recorded compared to the same period in 2023. Total…
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VR and AR headsets demand set to surge on AI, lower costs, IDC says By Reuters
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Global shipments of augmented reality and virtual reality headsets are expected to grow 41.4% in 2025, supported by more affordable devices and the addition of artificial intelligence features, market research firm IDC said on Monday. Why is this important? Global shipments of augmented reality and virtual reality headsets fell 28.1%…
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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…