Trump indicted in New York City
Good morning! Today, we're excited to bring you a lighthearted take on the world of logistics, procurement, and distribution. While supply chain management is usually no laughing matter, we believe that a little humor can go a long way in brightening up your day and bringing some much-needed levity to the industry. So, sit back, relax, and get ready for some fun and quirky stories that will make you smile, chuckle, and maybe even laugh out loud. Happy April Fool's Day, and let's get started!
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A Manhattan jury has indicted former U.S. President Donald Trump, marking the first time a former president has ever faced criminal charges. This comes after adult film star Stormy Daniels claimed that Trump paid her $130,000 in 2016 during his presidential campaign. Daniels alleges that she slept with Donald Trump in 2006, which he denies. Trump has stated that the money was a legal expense. Trump is expected to appear in court on Tuesday morning for arraignment.
Check out the featured article from NBC News to read about the charges that former President Donald Trump is facing on Tuesday. What has Trump said in response to inquiries about dropping out of the 2024 presidential race?
Electric Vehicles & Manufacturing 🔋
Tesla plans new U.S. plant for battery manufacturing
Elon Musk has announced his plans to create a manufacturing battery plant in the United States in partnership with the Chinese battery giant, Contemporary Amperex Technology Co. Ltd (CATL). This plan aims to follow Ford Motors' footsteps after the company’s recent announcement in Michigan. Ford plans to make a deal with the same battery maker to create an entire plant relying solely on the United States labor. In response, CATL's shares rose by 2.3% on March 31st.
Contemporary Amperex Technology Co. Ltd, also known as CATL, is a Chinese battery manufacturer that specializes in the development and production of lithium-ion batteries for electric vehicles and energy storage systems. The company was founded in 2011 and is headquartered in Ningde, China. CATL is one of the world's largest producers of lithium-ion batteries for electric vehicles, and its products are used by several leading automakers, including BMW, Volkswagen, and Tesla. The company is also involved in the development of next-generation battery technologies, including solid-state batteries. In addition to its work in the automotive industry, CATL is also involved in the development of battery storage systems for renewable energy sources, such as solar and wind power. The company is focused on promoting the transition to a low-carbon economy and has set ambitious goals for reducing the carbon footprint of its products and operations.
Inflation & Money Matters 💰
Inflation is slowing, says feds
A gauge used by the Federal Reserve to track inflation has shown a major slowdown in the last month. While inflation hasn’t stopped, it has slowed rising. From January to February, inflation went up 0.3%, - which is a lot less than the rise in December to January of 0.6%. This is still good news even though inflation is still a hot topic on everyone’s mind. The report also showed that consumer spending only rose 0.2%, compared to the 2% rise in spending the previous month. The positive news is that people are still spending money, even if it isn’t as much as in previous months, which is going to be needed in the upcoming months.
The Federal Reserve uses a variety of measures to gauge inflation, but the most commonly cited measure is the Personal Consumption Expenditures (PCE) Price Index. This index is calculated by the Bureau of Economic Analysis (BEA) and measures changes in the prices of goods and services that are purchased by households in the United States. The Federal Reserve also looks at other measures of inflation, such as the Consumer Price Index (CPI) and the Producer Price Index (PPI). The CPI measures changes in the prices of goods and services purchased by urban consumers, while the PPI measures changes in the prices of goods and services purchased by producers. In addition to these measures, the Federal Reserve also looks at various measures of inflation expectations, such as surveys of households and businesses. These measures provide insight into how people expect prices to change in the future, which can influence their behavior and ultimately impact inflation.
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for November 28, 2024, from iLevel Logistics Inc.