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July 1, 2022

Demand

Drop in demand weighs on German manufacturing, outlook darkens -PMI

Reuters
A robot adjusts a windscreen in a fully automated process at the Daimler factory in Rastatt, Germany, February 4, 2019. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register BERLIN, July 1 (Reuters) – A sharp fall in new orders weighed on German manufacturing activity in June, darkening......

Micron warns weakening consumer demand will hurt smartphone sales

CNBC
CNBC – For more and to sign up click here Sanjay Mehrota, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Micron Technology, a major vendor of memory chips for PCs and smartphones, said on Thursday that it expects smartphone sales......

Walgreens keeps forecast as waning COVID vaccine demand weighs

Reuters
June 30 (Reuters) – Walgreens Boots Alliance Inc (WBA.O)on Thursday maintained its full-year earnings forecast due to declining COVID vaccinations, even as the drugstore retailer beat quarterly estimates on the back of strength in its UK-based Boots business. Shares of the second-biggest U.S. drugstore retailer by store count fell 4%......

Mortgage demand stalls again, even as interest rates swing briefly lower

CNBC
CNBC – For more and to sign up click here People wait to visit a house for sale in Garden City, Nassau County, New York. Xinhua News Agency | Getty Images After rising steadily for three weeks, mortgage rates dipped slightly last week, prompting a small increase in refinance activity.......

Amazon limits how many Plan B pills you can buy as demand surges

CNBC
CNBC – For more and to sign up click here Amazon has limited sales of emergency contraceptive pills as demand spikes following last week’s U.S. Supreme Court ruling overturning Roe v. Wade and ending the constitutional right to have an abortion. The company has placed a temporary quantity limit of......

Oil trades sideways on fears of slower demand, supply uncertainty

Reuters
SINGAPORE, June 24 (Reuters) – Oil prices traded sideways on Friday after briefly rising nearly $1 per barrel, as the market balanced fears of slower demand from cooling U.S. economic activity with supply uncertainty. Brent crude futures were trading down 5 cents, or 0.1%, at $110.00 a barrel by 0310......

China’s steel mill owners are in a bad mood as demand takes a hit

CNBC
CNBC – For more and to sign up click here Steel mill owners in parts of China are in a bad mood, Beijing-based commodities consultant Simon Wu said. Steel inventories are slowly piling up in the warehouses of the country’s biggest steelmaking hub, the northeastern city of Tangshan, as well as......

Analysis: Asian demand, rising costs squeeze Europe’s LNG import plan

Reuters
Model of LNG tanker is seen in front of the EU flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Freeport outage adds to LNG market tightness Asian demand rebound means Europe will compete for LNG LNG imports seen lower......

Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years

CNBC
CNBC – For more and to sign up click here A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units.......

Lennar flags home demand cooldown as surging interest rates spook buyers

Reuters
Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, U.S., November 13, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – U.S. homebuilder Lennar Corp (LEN.N) on Tuesday warned of a downturn in......

Mexican migrant advocates demand end to deportations, detention

Reuters
MEXICO CITY, June 20 (Reuters) – Mexican human rights organizations marked World Refugee Day on Monday by speaking out against the government’s response to migrants entering the country, as record refugee claims are met with mass arrests and deportations. “We feel like we’re enemies of the government, especially when we......

Emirates boss says travel demand unlikely to dissipate despite airport chaos

CNBC
CNBC – For more and to sign up click here Emirates has said it doesn’t see travel demand dissipating any time soon, even as the industry battles a string of challenges that have already sparked airport chaos ahead of the busy summer holiday season. Tim Clark, president of the Dubai-based......

Tech talent is still in demand but outsized salaries may be disappearing

CNBC
CNBC – For more and to sign up click here Thomas Barwick | Digitalvision | Getty Images The slumping stock market, and the punishment being doled out to tech companies in particular, is poised to reshape pay packages despite the demand for tech talent remaining strong. Each day brings a......

Rep. Jackson Lee: Trump ‘constitutionally wrong’ to demand Pence reject electors

Politico
Politico.com – For more and to sign up click here Rep. Jackson Lee: Trump ‘constitutionally wrong’ to demand Pence reject electors lead image Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

Mondelez dealing with different degrees of demand

FoodBusinessNews
PARIS — Like many global companies, Mondelez International, Inc. is dealing with varying degrees of uncertainty in terms of consumer demand. In a June 14 presentation as part of the Deutsche Bank dbAccess Global Consumer Conference, Luca Zaramella, executive vice president and chief financial officer at Mondelez, was asked by......

Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand for new vehicles

CNBC
CNBC – For more and to sign up click here The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland | CNBC Ford Motor‘s CFO said Wednesday that the company isn’t yet seeing consumer demand for new vehicles......

Homebuilder sentiment drops to lowest level in two years as housing demand slows

CNBC Real Estate
A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Sentiment among the nation’s homebuilders fell for the sixth straight month to the lowest level since June......

Mortgage demand is now roughly half of what it was a year ago, as interest rates move even higher

CNBC
CNBC – For more and to sign up click here A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. David Paul Morris | Bloomberg......

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