By Stephen VanHorn @Adobe Stock Austen Hufford of The Wall Street Journal is reporting that available jobs fell in October to the lowest level since early 2021. He writes: The hot labor market that underpinned a surprisingly strong economy this year is showing signs of cooling, an indication that growth could ease in 2024. The number of available jobs at the end of October was the lowest since March 2021, the Labor Department said Tuesday. Fewer openings come as the unemployment rate has edged higher this year, Americans are taking longer to find new jobs, and wage growth is … [Read more...]
Ruling: Major Egg Producers Conspired to Drive Up Prices
Chris Casey of Supply Chain Dive is reporting that an Illinois federal jury found Cal-Maine and other egg giants liable for limiting the supply of the protein in 2004-2008 to drive up costs. He writes: A unanimous jury ruled that multiple major egg producers conspired to fix the price of the commodity between 2004 and 2008. The decision last month delivered a major victory to food giants such as Kraft Heinz and Nestlé. In the initial lawsuit filed in the Northern District of Illinois in 2011, numerous food giants including Nestlé, Kraft, General Mills and Kellogg alleged egg producers … [Read more...]
Can China Save Itself from a Debt Collapse?
Moody's has cut its outlook to negative on China's debt. Will a new round of stimulus save China from a debt implosion? Weilun Soon reports in The Wall Street Journal: China’s mounting local government debt woes are putting pressure on the country’s credit ratings. Moody’s Investors Service lowered its outlook for China’s credit rating from stable to negative on Tuesday, warning that the financial stresses of some regional and local governments will require Beijing to provide support to them. That could weigh on China’s government finances at a time when its economy is slowing. The … [Read more...]
Companies Scoop up Truck Terminals at Yellow’s Bankruptcy Auction
A court-supervised sale raised $1.9 billion for about 130 properties, with dozens more sites still on the block reports Paul Berger of The Wall Street Journal. He writes: Yellow is set to raise more than $2 billion after a bankruptcy auction that will disperse much of its national network of truck terminals among rivals, casting deeper doubt on a long shot bid to revive the trucker. About a dozen trucking companies bought properties at a court-supervised auction that unloaded 75% of Yellow’s properties for a total of just under $1.9 billion, according to a filing Monday evening in the U.S. … [Read more...]
New EV Rules Leave Wiggle Room for Chinese Suppliers
Andrew Duerhren reports that new requirements still likely mean fewer options for car buyers hoping to claim $7,500 tax credit for EV purchases. He writes in The Wall Street Journal: The Biden administration is moving to jolt the domestic electric-car industry out of its reliance on China. But much-awaited rules released Friday appear to leave some room for U.S. companies to work with Chinese partners. The new requirements will likely reduce the number of electric-vehicle models that consumers can buy and qualify for a $7,500 tax credit. How many vehicles are eligible will hinge on … [Read more...]
Commercial Shipping Lanes Under Fire from Ballistic Missiles and Drones
Nancy Youssef of The Wall Street Journal is reporting that the Iran-backed Houthi forces in Yemen are claiming responsibility for attacks in the Red Sea, pointing to the Israeli-Gaza war as their reasoning. The Pentagon warns of a possible response. She writes: A U.S. destroyer and three commercial ships operating in the Red Sea came under drone and ballistic-missile attacks, the Pentagon said Sunday, marking the most significant escalation of a weekslong military attack on ships operating in those waters. In two instances on Sunday, the USS Carney, an Arleigh Burke-class destroyer, came … [Read more...]
Connecticut Concedes the Fallacy of Banning Internal Combustion Engines
Connecticut Governor Ted Lamont attempted to align his state with California's unworkable goals of eliminating internal combustion engine (ICE) powered vehicle sales in the state by 2035 but has now conceded defeat after Connecticut's legislature wouldn't support the measures. Jason Cannon of CCJ Digital reports: “The tide is turning as state officials across the country wake up to the reality that California's electric-truck mandates are bad policy that carry serious political consequences," said American Trucking Associations President and CEO Chris Spear. "Technically unachievable … [Read more...]
AARP Sponsors Latest Rolling Stones Concert Tour
In quiet recognition of just how long the Rolling Stones have been rocking audiences across the world, their latest tour is being sponsored by the American Association of Retired Persons, better known as AARP. Chuck Arnold reports for the NY Post: Call it sympathy for the seniors. In a pairing over 60 years in the making, the not-so-retiring Rolling Stones will be hitting the road in 2024 on a tour backed by the AARP. That’s right. Mick Jagger, 80; Keith Richards, who turns 80 Dec. 18; and Ronnie Wood, 76, are throwing in with AARP, the org once known as the American Association of … [Read more...]
AI Running a Smarter More Efficient Inventory for Retailers
Liz Young of The Wall Street Journal says new tools are aimed at repairing supply chains that were knocked sideways by volatile consumer buying patterns during the pandemic. She writes: Retailers are turning to artificial intelligence technology to better predict shopper demand and repair supply chains whipsawed by volatile consumer buying patterns during the pandemic. Merchants including Walmart, retail-pharmacy giant Walgreens and online fashion seller ASOS are rolling out the increasingly sophisticated technology that takes in everything from weather patterns to social-media trends to … [Read more...]
EVs Have 79% More Problems, and Biden is One of Them
Auto dealers are telling Biden to stop forcing Americans into electric vehicles, especially when EVs have 79 percent more problems, writes Maggie Hroncich of The New York Sun. She continues: Despite thousands of dollars in tax credits, manufacturer rebates, and national calls for more green energy, the Biden administration’s electric vehicle push isn’t resonating with consumers. That’s the latest according to a letter this week to President Biden from 3,882 dealerships, calling on the president to “tap the brakes on the unrealistic government electric vehicle mandate” as electric cars sit … [Read more...]
- « Previous Page
- 1
- …
- 22
- 23
- 24
- 25
- 26
- …
- 106
- Next Page »