Ohio man accused of stealing $15M in groceries from Missouri chain and sabotaging stores
ST. LOUIS, MO – A grocery store owner from Ohio has been indicted and arrested for allegedly defrauding a Missouri-based supermarket chain out of more than $15 million in inventory, then sabotaging…
Chain Of Tornadoes Rips Through Iowa, Kills Seven People
Chain Of Tornadoes Rips Through Iowa, Kills Seven People Harry Wilmerding on March 7, 2022 A series of tornadoes ripped through Iowa on Saturday, killing seven people, CNN reported. The Madison County…
Shipping Giant Expeditors Forced To Shut Down Operations After Cyber Attack
Shipping Giant Expeditors Forced To Shut Down Operations After Cyber Attack Ailan Evans on February 23, 2022 Shipping and logistics giant Expeditors was hit by a cyber attack over the weekend, forcing…
LG Abandons Solar Panel Business Amid Supply Chain Issues, High Costs
LG Abandons Solar Panel Business Amid Supply Chain Issues, High Costs Thomas Catenacci on February 23, 2022 South Korean technology company LG Electronics announced Wednesday that it would abandon its struggling solar…
Harris: American sacrifice for Ukraine means even higher energy costs for all
WASHINGTON, D.C. – Vice President Kamala Harris is warning Americans to brace for even higher energy costs as the crisis between Ukraine and Russia continue into the spring. Last week, the White…
Is America having a Freedom Convoy to protest vaccine mandates? Yes, and here are the details of the People’s Convoy
There is a Freedom Convoy starting this weekend by truckers facing harsh restrictions in California and the rest of the United States. In the spirit of the trucker’s convoy that descended upon…
Biden Administration Defies Court Ruling Again, Opts Against Holding Oil Drilling Sales
The Biden administration missed another deadline to hold quarterly onshore oil drilling lease sales after a federal court ruled it was legally required to do so. The Department of the Interior (DOI)…
Customs Broker Arrested on Federal Indictment Alleging Tax Evasion and Scheme to Defraud Japanese Retail Chain Out of $3.4 Million
SANTA ANA, California – A customs broker was arrested today on a federal grand jury indictment charging him with evading the payment of $1.5 million in taxes and engaging in a…
Ted Cruz Calls For FTC Probe Into GoFundMe For Shutting Down Convoy Fundraiser
Republican Texas Sen. Ted Cruz said Sunday he was demanding the Federal Trade Commission (FTC) investigate crowdfunding site GoFundMe after it shut down a fundraiser supporting truckers protesting Canadian COVID-19 restrictions. “Today…
More Magical Thinking: President Biden’s Offshore Wind Fantasy
Jonathan Lesser on February 3, 2022 Last March, President Joe Biden announced a goal of building 30,000 megawatts (MW) of offshore wind generation by 2030. Doing so will “strengthen the domestic supply…
Milwaukee Pharmacy Chain to Pay Over $2 Million to Resolve Allegations It Violated the False Claims Act
United States Attorney Richard G. Frohling announced today that Hayat Pharmacy agreed to pay $2,050,000 to resolve allegations that it submitted false claims to Medicare and Medicaid for prescription medications. Hayat Pharmacy…
General Electric Saw Decline In Sales Due To Supply Chain Problems
General Electric (GE) reported a disappointing fourth-quarter earnings report as the electricity giant pointed to continuing supply chain woes to explain its dip in revenue, the company reported. GE’s fourth-quarter revenue fell…
Toms River-based fitness chain acquires 13 Planet Fitness locations
TOMS RIVER, N.J. – Grand Fitness Partners, one of the largest franchisees within the Planet Fitness system, today announced that it has acquired a portfolio of 13 Planet Fitness locations across Virginia from the Asbell…
Luxury Car Sales Surge Amid Global Supply Chain Disruptions And Surging Inflation
Luxury car sales surged in 2021 while mainstream car companies struggled amid global supply chain disruptions and soaring inflation, The Wall Street Journal reported. Luxury car brands, including Rolls-Royce, Bentley, Porsche and…
Supply chain crisis, inflation to impact the beer market in 2022 due to rising costs, aluminum shortage
The beer industry is experiencing a shortage in brown glass and aluminum cans and is expecting their alcoholic beverages to be impacted by price hikes in 2022 due to inflation and the…
Cluck You: Joe Biden pledges a fairer, more competitive poultry industry
In July, President Biden signed an Executive Order on Promoting Competition in the American Economy to create a fairer, more resilient, and more dynamic economy. Over the last few decades, we’ve seen too many…
Holiday Sales Surged In December Amid Supply Chain Issues And Growing COVID-19 Cases
Holiday sales surged at the fastest pace in nearly 20 years despite shoppers facing higher prices, supply issues and soaring COVID-19 cases, according to a key spending metric. Holiday sales grew 8.5%…
Jen Psaki tries to defend Biden’s failure on the COVID-19 testing shortage
White House Press Secretary Jen Psaki tried to defend her boss, President Joe Biden after he dropped the ball on America’s COVID-19 testing rollout, saying that had the President not acted, there…
Wholesale Producer Price Index Grows The Fastest It Ever Has
The Producer Price Index (PPI), which measures inflation at the wholesale level, soared 9.6% year-over-year as of November, growing at the fastest rate ever measured, the U.S. Bureau of Labor Statistics (BLS) announced…
Top Republicans Introduce Bill Forcing Biden To Boost US Oil, Gas Production
A group of top House Republicans introduced a bill Thursday that would force President Joe Biden to increase domestic oil and gas production when he taps the nation’s emergency stockpile. The Strategic…
REPORT: Spending Expected To Soar This Holiday Season While Consumers Remain Concerned Over Inflation And Supply Chain Issues
U.S. consumer spending this holiday season is expected to soar despite growing concerns over inflation and supply chain backlogs that may delay shipping, according to a CNBC survey. Americans, on average, expect…