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PSE&G's Summer Relief Initiative Protecting Residential Customers from Higher Costs This Summer Moves Forward
Prnewswire· 2025-06-18 19:14
PSE&G Continues to be Ready to Deliver Solutions to Address Supply-Demand ImbalanceNEWARK, N.J., June 18, 2025 /PRNewswire/ -- Public Service Electric and Gas Company (PSE&G) today announced the New Jersey Board of Public Utilities (BPU) approved PSE&G's proposal to provide all residential customers with a temporary credit that will offer relief on their summer electric bills. The credit will combat the significant electric supply price increase that is the result of PJM's capacity price auction. PSE&G's r ...
Kilburg: My word of the day is rebalance
CNBC Television· 2025-06-18 12:24
All right, Jeeoff, we got to start here. Has the thesis changed at all with everything that's going on in the Middle East. I I have a feeling that you researched and put this piece together before all this quite ramped up.Yes, you're absolutely right, Frank. And it is tough from a micro perspective to look at every tweet that comes out. It seems like the market is kind of tilting hour by hour, but I think in the bigger picture, this March higher to retest these S&P 500 all-time highs is underway.Call it a m ...
Cohen & Steers Invests $300 Million On Behalf of Clients with Hudson Pacific Properties to Support Balance Sheet Recapitalization
Prnewswire· 2025-06-16 13:00
NEW YORK, June 16, 2025 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS), announced today that the firm, on behalf of its clients' accounts, has invested $300 million in Hudson Pacific Properties, Inc, (NYSE: HPP), a leading West Coast office REIT, as a cornerstone investor to support HPP's balance sheet recapitalization. The purchase reflects 43% of HPP's $690 million offering.Jason Yablon, Executive Vice President and Head of Listed Real Estate, said:"We believe the West Coast office market recovery is un ...
BOJ Is Exciting Bank Meeting of This Week: 3-Minute MLIV
Bloomberg Television· 2025-06-16 07:33
What do you take away from the market dynamics and how they've been trading. The violence in the Middle East over the last 24 hours or so. Because, yes, we've seen a bit of a pick up in oil prices, but a lot of that was unwound as we've been through the last few hours.And I wonder what that tells us about the market's response function. Yet beyond the humanitarian tragedy of the fact that we've got a war going on, from a markets point of view, this is very much an inflationary impulse rather than a risk off ...
Bessent on U.S. deficit: “We did not get here overnight.”
Yahoo Finance· 2025-06-13 14:58
is we did not get here overnight. Uh I have gained about 10 lbs since inauguration. I'm not going to cut off my arm to get back to my January 20th weight.But we don't have a chance of returning to a balanced budget if we don't return to preandemic levels of spending. And I've laid out a number of options. Leave social security, Medicare, and interest as they are as you spend.But all their outlays, actual outlays, increase them by population growth and inflation. we literally would have a baseline spending s ...
美国财政部现金余额降至2770亿美元,创2023年6月以来新低
news flash· 2025-06-13 14:38
美国财政部月中票面利率拍卖结算将净筹集约750亿美元,这是自3月22日以来此类拍卖的最大净增幅。 此外,还有一笔数额巨大的季度企业所得税缴纳即将到期,但具体数额尚难估算。近年来,购债规模从 390亿-500亿美元不等。这意味着财政部的金库中至少还有1000亿美元的额外资金,尤其是在其为了保 持在债务上限以下而不断消耗现金的情况下。截至6月11日,财政部的现金余额从3094亿美元降至2770 亿美元,为2023年6月以来的最低水平。 ...
Newsom: Trump is not 'above' constitutional constraints
MSNBC· 2025-06-13 03:16
Today was really about a test of democracy and today we passed the test. We the people passed the test. I was just 48 hours ago giving a speech almost to the minute talking about some of the enduring principles of our founding fathers who in response to monarchy in response to King George set out to frame a new construct to elevate and support individual freedom liberty.They created a system of checks and balances. A separation of power, co-equal branches of government, framework took the best of Greek demo ...
Taking care of tomorrow, today | Andres De la Cerda | TEDxNeoCity Academy Youth
TEDx Talks· 2025-06-12 15:08
taking care of tomorrow today when future you overwhelms present you in high school. Picture this. It's a Wednesday night and you're sitting at your desk surrounded by textbooks, unfinished assignments, and a growing sense of panic.A big test looms tomorrow. Your phone buzzes. It's your girlfriend texting you that it's her girlfriend's that it's her grandmother's birthday party and you're invited.You think about it and hesitate. Should you go. Why not.You go and you get this sense of relief when you get the ...
X @Forbes
Forbes· 2025-06-11 00:40
5 Survival Tips For Working Moms With Kids Home This Summer https://t.co/Xej7nDS1Fe https://t.co/Xej7nDS1Fe ...
Schneider National (SNDR) 2025 Conference Transcript
2025-06-10 14:45
Summary of Schneider National (SNDR) 2025 Conference Call Company Overview - **Company**: Schneider National (SNDR) - **Date**: June 10, 2025 - **Speakers**: Mark Rourke (President and CEO), Daryl Campbell (EVP and CFO), Christine McGarvey (VP of Investor Relations) Current Market Conditions - **Market Sentiment**: There was significant uncertainty at the macro level, but the worst-case scenarios have not materialized, indicating a resilient consumer demand [6][7][8] - **Volume Trends**: A downturn in West Coast volumes was noted, but strength was observed in other regions, particularly in Mexico and the Midwest [9][10] - **Customer Expectations**: Mixed signals from customers regarding future demand, with some expecting a surge while others anticipate steady activity [10] Business Segments Performance - **Intermodal**: Less reliance on imports compared to truckload, with steady domestic demand. Productivity enhancements are being pursued [12][13] - **Capacity and Pricing**: The market is approaching equilibrium with modest price increases observed despite ongoing challenges [18][20] - **Used Truck Market**: Prices for used trucks, especially sleepers, have been healthy, indicating stress in the market for small carriers [22][24] Pricing Dynamics - **Contract Rates**: Contractual improvements are being maintained, with a focus on not signing unfavorable agreements [29][30] - **Spot vs. Contract Rates**: A significant disparity exists between spot and contract rates, with contract rates showing flat to positive trends [31][32] Cost Management and Productivity - **Cost Control**: The company has focused on cost management and productivity improvements, resulting in year-over-year margin improvements [38][40] - **Acquisition Synergies**: The recent Cowen acquisition is expected to yield synergistic opportunities, particularly in cost management [42][64] Regulatory Environment - **English Language Provision**: New enforcement guidelines for the English language requirement could disrupt the market, particularly for smaller carriers [46][50] - **B1 Mexican Program**: Increased enforcement may tighten capacity around the border, impacting operations [50][52] Intermodal Growth - **Market Position**: Schneider National is optimistic about intermodal growth, particularly in the Mexico market, with strong service performance noted [54][56] - **Pricing Trends**: Intermodal pricing remains flat to slightly up, with expectations for continued stability [63] Capital Allocation Strategy - **Growth Focus**: The company prioritizes organic growth but remains open to strategic acquisitions, particularly in dedicated and intermodal segments [64][66] - **Leverage Profile**: The company is comfortable with a leverage ratio of up to 2.5 times for the right acquisitions [70][72] Guidance and Outlook - **Earnings Guidance**: EPS guidance is set between $0.75 and $1.00, reflecting a more optimistic outlook than previously anticipated [80][82] - **Market Sentiment**: The negative forward sentiment has moderated, leading to a more favorable industry outlook [92] Key Takeaways - **Resilience in Demand**: The company is experiencing steady demand despite macroeconomic uncertainties - **Focus on Cost Management**: Continuous efforts in cost control and productivity enhancements are yielding positive results - **Strategic Growth Opportunities**: Schneider National is well-positioned for growth in intermodal and dedicated segments, with a balanced approach to capital allocation and acquisitions.