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…
Tesla sinks after supply chain warning, hitting other EV makers
By Noel Randewich and Hyunjoo Jin -Shares of Tesla Inc slid on Thursday, dragging down rivals after the leading electric car maker delayed releasing new vehicles until next year because of supply…
Northrop sales disappoint as supply chain snarls restrict deliveries
By Mike Stone and Nathan Gomes -Northrop Grumman Corp missed fourth-quarter revenue estimates on Thursday as labor shortages and supply chain snarls hampered its ability to deliver components for defense products, including…
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…
German firms fear supply chain pain from China’s battle with Omicron
By Christian Kraemer BERLIN – German companies doing business in China are worried the Omicron coronavirus variant will trigger more strict lockdown measures from Beijing that could exacerbate supply chain problems, the…
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…
Big Oil CEOs Thumb Nose At Green Energy Transition, Say Fossil Fuels Still Have ‘Essential Role’
Executives of major oil companies slammed the aggressive global push to renewable forms of energy and warned that such policies could crash economies. Crude oil and natural gas continue to be key…
FedEx Predicts Record Holiday Delivery Season Amid Continuing Labor And Supply Chain Concerns
FedEx predicted that Monday will be a record day for deliveries for the 2021 holiday season, company executives told CNBC. “We’ve seen a lot of people actually starting their Christmas shopping in…
Washington Post Contributor Says Gas Prices ‘Actually Aren’t That High’
The Washington Post published an article Thursday arguing that gasoline prices aren’t actually very high despite “recent commentary” on the issue. Rising gasoline prices are a consequence of inflation, which affects all…
Walmart Executive Leaving Company After 22 Years As It Prepares For Busy Holiday Season And Growing Supply Chain Issues
Walmart announced Monday that Executive Vice President and Chief Financial Officer Brett Biggs would leave the company after working over two decades at the world’s largest retail business. Biggs, who joined Walmart…
NBC reports booze shortage as bottle backlog keeping wine and spirits off store shelves
NBC reports a booze shortage that could last through the entire holiday season as wineries tackle a bottle shortage.…
Dollar Tree Says It’s Raising Prices For The First Time In 35 Years Amid Surging Inflation
Dollar Tree announced Tuesday it is raising its prices, bringing the cost of its products over one dollar for the first time in 35 years. The dollar store will raise its prices…
Cereal Giant To Raise Prices Next Year, Making Cheerios And Other Foods More Expensive
Another cereal giant will increase prices for many of its popular brands earlier than expected, according to CNN. General Mills notified at least one of its major wholesale suppliers that prices increases…
Supply Chain problems won’t affect Florida stone crabs from being shipped across America this holiday season
Acapella Seafood Co., an industry leader in sourcing South Florida’s freshest stone crab claws, is sharing this luxurious treat across the nation, just in time for Thanksgiving dinner. Acapella Seafood Co.’s fresh-caught stone crab…
Retail Sales Grew In October As Shoppers Faced Higher Prices Entering The Holiday Season
U.S. retail sales increased in October as shoppers faced the largest price increase in 30 years entering the holiday season. Retail sales, a measure of how much consumers spent on goods, increased…
Ty avoids Beanie Baby shortage by air shipping deliveries for 2021 to outmaneuver the Biden Supply Chain Crisis
Ty Warner, owner of the largest manufacturer of soft toys in the world, today revealed his own unique strategy for confronting the global supply chain crisis. Going his own way – as…
Granholm Says Biden Is ‘All Over’ Gas Prices, Can’t List Any Policies To Lower Prices
Secretary of Energy Jennifer Granholm said President Joe Biden is “all over” rising gasoline prices but failed to name a single administration policy aimed at lowering energy costs. “The president is all…
The left flips out over Rittenhouse judge’s Asian food, Biden supply chain crisis joke
Working on a tight schedule this week, Judge Schroeder dismissed the court in the Kyle Rittenhouse murder and self-defense case after ordering Asian food for lunch. Realizing the time crunch and hoping…
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