Roundup: Entergy CEO / Port congestion / Mortgage purposes – Better Baton Rouge Enterprise Report

August 19, 2022 By admin

Retiring: Entergy Company introduced at present that Leo P. Denault, chairman and chief govt officer, will retire in 2023 following 23 years on the firm and a 40-year profession within the power business. The Entergy board of administrators has elected Andrew “Drew” Marsh, govt vice chairman and chief monetary officer, to succeed Denault as CEO, efficient Nov. 1. See the announcement. 
Recent fears: Port congestion continues to hang-out international commerce, spreading recent fears amongst exporters and importers over whether or not huge quantities of cargo will probably be delivered on time for the year-end purchasing season, The Wall Avenue Journal reviews. Additional delays to maneuver cargo may imply shipments don’t arrive by Christmas, in line with cargo brokers and transport executives. Learn the total story.  
Falling demand: Mortgage charges fell barely final week, however not sufficient to gas any form of restoration in client demand for house loans. Complete mortgage utility quantity fell 2% from the earlier week, in line with the Mortgage Bankers Affiliation’s seasonally adjusted index. Demand stands on the lowest stage since 2000. It hit the same low in July. Learn the total story from CNBC.