PG&E CEO Says Soaring Power Bills Are Poised to Start Dropping
The head of California’s largest utility, facing mounting scrutiny over surging power bills, said that trend is poised to stop and may soon reverse.
The head of California’s largest utility, facing mounting scrutiny over surging power bills, said that trend is poised to stop and may soon reverse.
Intel Corp., the biggest maker of personal computer processors, tumbled the most in almost four years on Friday after giving a lackluster forecast for the current period, indicating that it’s still struggling to return to the top tier of the chip industry.
After a tense day of choppy trading on Wall Street, the Big Tech trade is back on in full force.
The Federal Reserve’s preferred gauge of underlying US inflation rose at a brisk pace in March, reinforcing concerns of persistent price pressures that are likely to delay any interest-rate cuts.
Brazil’s inflation cooled more than expected in early April, but fell short of soothing policymakers’ fears about lingering price pressures on Latin America’s largest economy.
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