Vladimir Putin has seen Russian revenues from gas tumble from highs set in August – Sputnik/Mikhail Metzel via Reuters European natural gas prices have tumbled to their lowest level in 17 months, dealing a blow to Vladimir Putin’s efforts to fund his war in Ukraine. Dutch futures, the European benchmark, …
Read More »Nestlé Sells Less After Raising Prices, Moves to Drop Some Unpopular Lines
Nestlé SA reported a fall in sales volumes for the fourth quarter as the maker of Nescafé coffee and Purina pet food raised prices to offset soaring costs and halted sales of some less popular products. The Swiss packaged-foods giant said Thursday that sales volumes fell 2.6% in the last …
Read More »Paramount to raise streaming prices after ad revenue slumps
Paramount Global said Thursday it would raise prices of its flagship streaming service after reporting a lower-than-expected quarterly revenue, as a broader slump in the advertising market hit the CBS network owner. Chief Executive Bob Bakish said the company plans to raise prices for its Paramount+ Premium and Essential tiers in the …
Read More »Wholesale prices jump more than expected on surging energy prices
Wholesale prices in the United States reaccelerated in January, indicating that inflation pressures continue to underlie the US economy despite longer-term signs of improvement. From December to January, the government’s producer price index jumped 0.7%, driven up in part by a 5% surge in energy prices. That increase compared with …
Read More »US Producer Prices Exceed Forecast in Biggest Gain Since June
(Bloomberg) — US producer prices rebounded in January by more than expected, underscoring persistent inflationary pressures that could push the Federal Reserve to pursue further interest-rate increases in the months ahead. Most Read from Bloomberg The producer price index for final demand jumped 0.7% last month, the most since June …
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