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Port Huron · Port Huron(Reuters) – Quanta Services raised its annual revenue and profit forecasts on Thursday, encouraged by strong demand for its construction and engineering services from the renewable energy and electric power industries. With companies increasingly tapping into new technologies and federal and state policies pushing for an accelerated shift to clean energy, demand for electric power infrastructure has grown in the United States. Growing intern…See the Story
Quanta Services lifts annual forecasts on strong power demand
Port Huron · Port HuronBy Shristi Achar A and Shashwat Chauhan (Reuters) -U.S. stock index futures advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed fears around potential rate hikes, with focus moving to a spate of earnings reports through the day. While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected U.S. rate cut pushed back, he refused to entertain talk that rates might actua…See the Story
Futures rise as Fed allays rate-hike worries
Port Huron · Port Huron(Reuters) -Chubb, the insurer of Baltimore’s Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland, the Wall Street Journal reported on Thursday. The payment is expected to be authorized within weeks, the report said, citing a statement from Henry Daar, head of property claims North America for WTW, the bridge’s broker. The $350-million payout could be the first of many related to t…See the Story
Insurer Chubb prepares to pay $350 million in Baltimore bridge collapse, WSJ reports
Hamas · GazaIf the Israel-Hamas war stopped today, it would still take until 2040 to rebuild all the homes that have been destroyed in nearly seven months of Israel’s bombardment and ground offensives in the territory, according to United Nations estimates released Thursday.The United States has pressured Israel to increase aid deliveries during the war, and on Wednesday, Israel reopened a border crossing with hard-hit northern Gaza Strip for the first time…See the Story
The Latest | It would take until 2040 to rebuild all homes destroyed so far in Gaza, UN report says
55% Center coverage: 11 sources
Inflation · ZürichZURICH (Reuters) – Swiss annual inflation in April accelerated faster than expected, data from the Federal Statistics Office showed on Thursday, although economists said they still expected the Swiss National Bank to make further interest rate cuts. Inflation rose to 1.4% in April from 1% in March, outpacing the 1.1% rate forecast by a Reuters poll of economists, strengthening the Swiss franc versus the euro and the dollar. Month-on-month, …See the Story
Rising Swiss inflation will not derail rate cuts, economists say
Port Huron · Port Huron(Reuters) – Auto parts supplier BorgWarner raised its full-year adjusted profit outlook on Thursday, aided by sustained demand from its exhausts, turbos and emission control systems. BorgWarner, which supplies parts to Ford Motor and Volkswagen, develops and manufactures products to improve fuel economy, EV powertrains, chargers and battery systems, among other components. The company has benefited from automakers rushing to put out vehicles…See the Story