Ryan Dezember of The Wall Street Journal tells his readers that one of America’s hottest commodities is probably in your trash bin. He writes: Paper mills at home and abroad are gobbling up America’s recycled cardboard, driving up prices for old pizza boxes and other corrugated containers that they pulp and make into new packaging. The price of old corrugated containers, or OCC, surged during the pandemic e-commerce boom and then came crashing down in 2022 when rising interest rates prompted businesses to slow ordering and reduce inventories. Over the past year, though, OCC prices have … [Read more...]
Archives for February 2024
What We Learned from the Federal Reserve Yesterday
What we learned from the Federal Reserve yesterday was just how tightly the market holds on to every word from Fed Chairman Jerome Powell. No sooner did he alter his language on potential rate cuts and markets sold off, especially the speculative Nasdaq. Look at the long-term path of interest rates above and the DJIA, and you can see the connection between interest rates and prices. Now we’re stuck in this no man’s land where finally fixed income investors can get some interest on their savings, and sure enough, the market has a fit. Interest rates are hardly in need of a cut. … [Read more...]
Retail Giant Looks to Expand Its Footprint
Melissa Repko of CNBC reports that Walmart is looking to expand its footprint by adding more than 150 large-format stores over the next five years. Repko writes: Walmart already has a huge U.S. footprint. But the retail giant sees room to get even bigger. The company plans to build or convert more than 150 large-format stores over the next five years, it said Wednesday. Some of the locations will be expanded from a smaller location into a Supercenter with a full range of groceries and merchandise, but the majority will be new stores, Josh Havens, a company spokesman, said. Walmart … [Read more...]
U.S. Drivers May Need to Dig Deeper into Their Pockets
David Uberti and Vipal Monga of The Wall Street Journal tell their readers that drivers in the U.S. may need to dig deeper into their pockets at the pump, thanks to a new 715-mile pipeline expansion. The Trans Mountain expansion promises to give Canadian oil companies more purchasing power as Canada positions itself as a global energy powerhouse. They write: Drivers in the Midwest may soon have to pay a bit more at the pump. The reason? Cheap Canadian oil will soon have a new set of buyers. For years, Canada’s booming oil fields have had few choices but to funnel the country’s thick, … [Read more...]
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