White House flirts with idea of buying up oil to refill depleted reserves
It’s expected that when crude prices drop below $80 a barrel, the United States will begin buying up oil to refill its low reserves.
Labor Day weekend records travel spike beyond pre-pandemic levels
Did you fly on an airplane over Labor Day weekend? You and everyone else.
German ports have a congestion problem
Germany’s North Sea trade sphere is suffering from stagnancy.
Container shipping profits swallow pre-pandemic numbers
Globally, container shipping is still skyrocketing in profits.
Brazilian soybean crops are ramping up the competition
Want more soy? Brazil is here to get you what you need.
Continually raising federal minimum wage will not solve the cost of living problem
The federal minimum wage is $15 per hour, by executive order of President Biden in the spring of 2021.
Trump’s tariffs on Chinese merchandise remain amid review
Biden is allowing Trump-era tariffs to continue… for now.
India seeks to overtake China’s manufacturing power
India knows an opportunity when it sees one.
EU fear severe energy crisis over winter months as Russia pulls natural gas
Europe unwillingly says bye-bye to Russian natural gas.
Russian oil shifts to accommodate Asia instead of Europe
Asia wins Russian oil while Europe suffers major cut-backs.
$512.2 million federal grant infusion into nation’s bridge repairs
Truckers may smile a little about this: the Department of Transportation is granting over $500 million to road and bridge repairs across the country.
Beef processing plant joins forces with retailer Walmart
The price of meat has gone through the roof, and Walmart is hoping to ease that inflationary pain of its customers.
Months-long railroad car congestion is clearing up, reports Union Pacific
The Union Pacific railroad, one of the largest private rail networks in the country, is finally reporting greener pastures after months of crippling congestion on its tracks.
Critics of CHIPS Act warn it won’t fix the problem immediately - or ever
The CHIPS Act probably won’t solve the looming semiconductor problem.
Customers wary of medical device deliveries to their home
Consumers don’t trust speedy delivery when it comes to medical devices.
Williams-Sonoma wants to replace Chinese suppliers
Your kitchen is about to struggle to get more Williams-Sonoma products.
Natural gas competition is creating a crisis spilling into the U.S.
Countries in the European Union are scrambling for better alternatives to Russian fuel, creating a fever pitch and an energy crisis which is starting to bleed into the American grid.
N95 respirator shortage is over, according to the FDA
The Food and Drug Administration announced early into the pandemic that N95 respirators were in short supply.
Chinese stimulus plan unveiled: $44 billion
China’s economy is experiencing massive disruption, but the country has plans.
Federal Reserve disappointed as job vacancies grew in July
Signs of a weakening economy and still-growing inflation are worrying Federal Reserve officials, especially after July reports show growing job vacancies.