The economic outlook for 2024 is taking an unexpected turn as economists at Macquarie have revised their predictions for interest rates, now suggesting a potential hike. read more
CHARLESTON, W.Va. — FirstEnergy subsidiaries Mon Power and Potomac Edison are proposing a customer refund, including interest, due to miscalculated costs from a previous base rate case and misapplied overhead costs. The proposed $2.5 million refund is for a misallocation of costs from the 2013 test year in the last base rate case filed by
EYEWITNESS NEWS (WBRE/WYOU)— The Pennsylvania Public Utility Commission (PUC) is investigating FirstEnergy's rate increase request that would bring in an additional $503 million in revenue. On Thursday, the PUC unanimously voted to suspend FirstEnergy's proposed June 1 rate increase and investigate the rise in cost for electric distribution services. Officials say the rate increase requests []
The Bank of Japan has decided to keep its monetary policy framework unchanged, as widely expected. The central bank held its interest rate settings steady, while it dropped a reference to buying roughly the same amount of government bonds as previously. Haslinda Amin reports on Bloomberg Television.
By Deidre McPhillips, CNN (CNN) — The fertility rate in the United States has been trending down for decades, and a new report shows that another drop in births in 2023 brought the rate down to the lowest it’s been in more than century. There were about 3.6 million babies born in 2023, or 54.4
By Deidre McPhillips, CNN (CNN) — The fertility rate in the United States has been trending down for decades, and a new report shows that another drop in births in 2023 brought the rate down to the lowest it’s been in more than century. There were about 3.6 million babies born in 2023, or 54.4
By Deidre McPhillips, CNN (CNN) — The fertility rate in the United States has been trending down for decades, and a new report shows that another drop in births in 2023 brought the rate down to the lowest it’s been in more than century. There were about 3.6 million babies born in 2023, or 54.4
Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing homes fell 4.3% in March compared to the previous month and 3.7% year-over-year, to an annual rate of 4.19 million, according to a press release from the National Association of Realtors (NAR). The average for a 30-year fixed-rate mortgage reached 7.10% this week, a substantial jump from 6.88% last week, depressing Americans’ desire to switch homes and possibly...
It’s the most frustrating part of conservation. To save water, you rip out your lawn, shorten your shower time, collect rainwater for the flowers and stop washing the car. Your water use plummets. And for all that trouble, your water supplier raises your rates. Why? Because everyone is using so much less that the agency is losing money. That's the dynamic in play with Southern California’s massive wholesaler, the Metropolitan Water District, despite full reservoirs after two of history’s wettest...
Higher prices at Chipotle haven’t kept customers from visiting and spending at the fast-casual restaurant. They’re doing so because of value, executives said during the company’s quarterly earnings call. Chipotle saw its comparable restaurant sales increase 7% year over year during the first quarter, the company said in a Wednesday (April 24) earnings release. The company attributed […]
This marks the second consecutive year of declining undergraduate applications for Harvard.