Tag Archives: demand

The energy transition is well underway as solar demand blazes higher. Rob Barnett, a senior clean energy analyst at Bloomberg, forecasted that solar capacity installations are on track to grow by 30% globally this year and see sustained double-digit growth in 2023 through 2025. “At the end of the day, the global solar picture is just staggering at this point,” Barnett told Yahoo Finance Live (video above). “We are on track to install something like 250 gigawatts of solar capacity this year…. Source link

Mercedes-Benz Group (MBG) reported higher revenue and adjusted earnings before interest and taxes (EBIT) for the second quarter compared to last year, despite the effects of “semiconductor bottlenecks and supply-chain disruptions.” The supply disruptions led to a 7% drop in sales, Mercedes said, but revenue still rose 8% from a year ago, and adjusted EBIT spiked 20%. Better pricing and margins boosted both for Mercedes. The German automaker also upped its guidance for the year, now seeing… Source link

The housing market boomed in 2020 and 2021 but is now cooling rapidly.AFP/Getty Images US home prices are already falling and are set to tumble in the coming months, an economist said Tuesday. Ian Shepherdson, chief economist at Pantheon Macro, told clients “the next few months will be very tough” for the housing market. Property markets boomed in 2020 and 2021 but are rapidly cooling as central banks hike interest rates, pushing up mortgage costs. US home prices are already falling and are… Source link

The demand for cruise vacations may be weakening as high levels of inflation, the ongoing COVID-19 pandemic, and a slowing economy weigh on consumer purchase decisions. Royal Caribbean, Norwegian Cruise Line, and Carnival all saw capacity-weighted sequential ticket pricing declines from May to June, according to new data from BofA Global Research. Price declines ranged from 1% to 3% compared to May, with Carnival seeing the largest drop (2.6%). The pricing softness looks to be extending into… Source link

(Bloomberg) — Fertilizer prices that had hit records are now plunging as buyers reel from sticker shock. Most Read from Bloomberg The June spot price in Tampa, Florida for the nitrogen fertilizer ammonia settled at $1,000 per metric ton, a drop of 30% from May’s $1,425 per metric ton, according to Green Markets, a Bloomberg company. Demand destruction is part of the decline. Places like Southeast Asia are seeing buyers unwilling to pay the record high prices that were posted in April and… Source link

Gasoline prices will stop rising once consumer demand destruction kicks in, according to one energy trader. “It’s become really evident that the only thing that is going to alleviate these price rises is demand destruction,” CIBC Private Wealth U.S senior energy trader Rebecca Babin told Yahoo Finance Live. Gasoline keeps hitting record highs as the national average now sits at $4.59 per gallon. Some states are seeing even higher numbers at the pump — $5 or even $6 per… Source link

Airbnb (ABNB) reported first-quarter results that exceeded estimates, as virus-related restrictions eased further and helped lift business. The company also reported its first quarter of positive adjusted EBITDA even as it navigated a jump in Omicron cases at the beginning of this year and international disruptions due to Russia’s invasion of Ukraine. Shares of Airbnb rose 6.5% in after-hours trading immediately following the results. Here’s what the lodging company posted in fiscal… Source link

The Salton Sea, California’s largest lake, is best known for increasing salinity and receding shoreline over the course of multiple decades that led to the health crisis and a massive die-off of the area’s wildlife. That is changing as a White House push to rid cars of fossil fuels and a global hunt to source critical minerals for electric vehicle batteries is recasting the region 160 miles southeast of Los Angeles as an El Dorado for the country’s hopes to tackle climate change. “This is… Source link

SHANGHAI (Reuters) – Alibaba’s supermarket chain Freshippo said on Sunday it was adding more couriers to meet high demand in Shanghai but this was not yet catching up with the rising needs of locked-down residents as the city battles a surge in COVID-19 cases. Shen Li, a vice president at Alibaba Group’s Freshippo, told reporters on Sunday that while the company’s delivery capacity had recovered to about 60-70% of pre-outbreak levels as more couriers were allowed back on the roads, many… Source link

Starbucks (SBUX) customers are staying loyal to the Seattle-based coffee giant despite a higher cost for their cup of coffee, even as political pressure mounts in response to rising prices. In a phone interview with Yahoo Finance after Starbucks’ fiscal first-quarter earnings results, CEO Kevin Johnson said customer demand during the holiday season was “very strong” with revenue growth of 19%, coming in at a record $8.1 billion dollars for the coffee giant. Like a growing number of companies Source link