White House tells chip industry to brace for Russian supply disruptions
By Alexandra Alper and Karen Freifeld WASHINGTON – The White House is warning the chip industry to diversify its supply chain in case Russia retaliates …
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Higher steel prices boost Thyssenkrupp amid supply chain strains
By Christoph Steitz and Tom Käckenhoff FRANKFURT – Thyssenkrupp said on Thursday that operating profit rose nearly fivefold in its first quarter, as its two …
Kellogg’s labor strike to eat into margins as supply woes mount
By Mehr Bedi – A nearly three-month long labor strike at Kellogg’s U.S. cereal plants is expected to dent profit margins already under pressure from …
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 …
Olympics-China to boost supply of Winter Games panda mascot souvenirs
By Muyu Xu and Karolos Grohmann BEIJING – China will increase the supply of merchandise featuring “Bing Dwen Dwen”, the panda mascot of the Beijing …
Putin arrives in Beijing for Winter Olympics with gas supply deal for China
BEIJING – Russian President Vladimir Putin arrived in Beijing on Friday for the 2022 Winter Olympics and a meeting with Chinese President Xi Jinping, bringing …
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. …
Honeywell’s revenue misses estimates on supply woes, lower mask demand
-Honeywell International Inc reported lower-than-expected quarterly sales on Thursday, hit by supply chain challenges at its aerospace segment and a fall in demand for masks. …
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, …
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 …
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 …
European Natural Gas Prices Surge Higher As Russia Withholds More Supply
The price of natural gas skyrocketed more than 30% in Europe on Tuesday after Russia continued to withhold key supplies with winter weather approaching. While …
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 …
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 …
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 …
European Gas Prices Hit Record After Russia Cuts Supply
European natural gas prices hit an all-time high Tuesday after Russia suddenly reversed flows through a key pipeline transporting gas to Germany. The Dutch natural …
Global Oil Supply Set To Surpass Demand Despite Omicron As US Producers Boost Output
Global crude oil production is forecasted to outpace demand beginning in December and into 2022, a key monthly industry report said. The oil supply is …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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 …
Cereal Giant Raises Prices Due To Inflation, Supply Chain Problems And A Labor Strike
Cereal giant Kellogg announced Thursday that it expects to raise prices as inflation, supply chain problems and a recent labor strike boosted the company’s expenses. …
Democrats’ Plan To Pass $1.75T Spending Package Collapses Amid Intraparty Disagreements
House Democrats’ plan Friday to pass both the bipartisan infrastructure package and President Joe Biden’s social-safety net bill collapsed after a handful of moderates refused …
Leader of Drug Trafficking Organization Sentenced to 20 Years in Federal Prison for Supplying Heroin To Open-Air Market on Chicago’s West Side
CHICAGO — The leader of a drug trafficking organization has been sentenced to 20 years in federal prison for supplying heroin to an illegal open-air …
US Trade Deficit Hits New Record As Inflation Grows And Supply Chain Issues Worsen
The U.S. trade deficit hit a record high of $80.9 billion in September as exports fell sharply while imports increased amid supply chain problems and …
U.S. Consumer Spending Grew Slowly In September Amid High COVID-19 Cases, Supply Chain Problems and Rising Inflation
U.S. consumer spending growth slowed in September, and income dropped due to high COVID-19 cases, supply shortages, rising inflation, and ending unemployment benefits. Consumer spending …
US Economic Growth Slowed To 2% In Third Quarter As Supply Chain Worsens
The U.S. economy grew at a 2% rate in the third quarter of 2021 as supply chain issues and the delta variant slowed gains. The …
Inside Biden’s revised Build Back Better plan, here’s what he’s selling now
As President Biden meets on Capitol Hill to strongarm Democrats, here is what his new Build Back Better “framework” does, says Rep. Kevin Brady (R-TX), Republican …
The Supply Chain Crisis Could Threaten Rural America’s Internet Access
The telecommunications industry, like other sectors, is suffering from ongoing supply chain chaos, with equipment delays and heightened costs endangering efforts to bring internet access …
Companies Warn Shoppers Of Fewer Discounts During Holidays
U.S. consumers should expect fewer discounts during the holiday season due to high transportation and material costs, supply chain disruptions, labor shortages as well as …
Gas soars to 7-year high in New Jersey and tomorrow Phil Murphy is bringing the guy most people blame for it here
TRENTON, NJ – Gas prices in New Jersey have hit a record 7-year high just weeks after New Jersey Governor Phil Murphy promised tax relief. …
Gas Soars To $7.59 A Gallon In California Town As Prices Hit Multi-Year Highs Nationwide
The price of gasoline in a remote California town reached $7.59 per gallon this week as energy costs continue to rise nationwide and show no …
Pete Buttigieg Predicts More Supply Chain Problems Because Of Biden’s Economic Success — Here’s What The Experts Say
Economic experts pushed back on the Biden administration’s claim that widespread supply chain issues in the U.S. were the result of its successful economic agenda. …
Over 60% Of Americans Say Biden’s Policies Are To Blame For Accelerating Inflation
Over 60% of Americans said that President Joe Biden’s policies were at least somewhat responsible for the accelerating inflation in the United States, a new …
US Industrial Production Dropped In September As Supply Chain Bottlenecks Plagued The Auto Industry
U.S. industrial production declined in September as supply chain bottlenecks in the auto industry and lingering effects of Hurricane Ida impacted manufacturing and mining output, …
America Is Becoming More Dependent On Foreign Oil Under Biden
Fears of a tighter regulatory environment has caused the U.S. to begin importing more oil, threatening its energy independence and security, trade groups representing fossil …
Expect Inflation, Supply Shortages To Last Well Into 2022, Economists Say
High inflation will last well into 2022, economists say, indicating that supply chain bottlenecks will keep increasing prices and curbing production. Experts expect to see …
Biden adjusts misleading “It costs nothing” for $3.5 trillion spending message
Since announcing his $3.5 trillion Build Back Better agenda, President Joe Biden and senior White House officials declared the spending will cost Americans nothing. During …
Poll Suggests Bad News For Holiday Shoppers Amid Supply Chain Chaos
Over half of Americans shopping for the holiday season say they’re experiencing difficulties buying products, according to a new poll. When asked if they had …