(Bloomberg) –Even if Joe Biden secures a pledge for more oil when he visits Saudi Arabia next week, it may do little to drive down the high fuel prices roiling the global economy. The US president’s visit to a country he once vowed to isolate represents a significant thawing of relations, but the Saudis and […]
Read More(Bloomberg) — Disruptions in global trade flows are set to persist into the second part of the year, longer than previously expected, Danish transport giant A.P. Moller-Maersk A/S predicted. Global supply-chain issues are flaring up again after Covid-19 lockdowns in China caused massive congestion at the Asian country’s ports. At the same time, Russia’s war […]
Read More(Bloomberg) — A barrage of shocks is building that’s unlike anything emerging markets have had to confront since the 1990s, when a series of rolling crises sank economies and toppled governments. Turmoil triggered by rising food and energy prices is already gripping countries like Sri Lanka, Egypt, Tunisia and Peru. It risks turning into a […]
Read More(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The helter-skelter playing out on U.S. factory floors from labor and supply shortages, transportation bottlenecks and the coronavirus looks likely to persist into the second half of the year. That’s the message from the heads of lumber […]
Read MoreOne of the big challenges for average investors is sifting through the mountains of information that comes from the market on a daily basis. I think that may be the biggest reason that so many investors have learned over the course of decades of market activity to rely on analyst estimates for a company’s future […]
Read More(Bloomberg) — The latest hurdle to shipping goods in a world gripped by pandemic-driven supply chain disruptions is a shortage of cardboard boxes, according to one of the world’s biggest makers of the material. The supply chain is “very stretched” and making and shipping high-demand packing materials to customers is expected to remain tough in […]
Read MoreStocks in the Technology sector get a lot of attention and buzz from investors, analysts and talking heads alike no matter the time of year or current status of the economy. I think that a big reason comes from the reality that progress and evolution in just about every other sector of the economy is, […]
Read MoreInsatiable demand for goods by American consumers heading into the third year of the COVID-19 pandemic is leading to a scenario in which supply-chain bottlenecks may “never” let up, absent major infrastructure improvements at the U.S.’s two busiest ports, based on an analysis by RBC Capital Markets. In a report released Thursday, Michael Tran, RBC’s […]
Read More“Supply chain” seems to be a stock answer to everything that’s wrong with the world these days. That’s because supply chain is shorthand for how the world is connected — from idea to product to consumer. This supply-chain disaster is real. Thank goodness. Human psychology, along with all those systems we designed, recognizes meaningful alerts […]
Read MoreShipping containers are piled high at the port of Los Angeles. (Mario Tama / Getty Images) Thirty-thousand high-end snow globes are trapped in San Pedro Bay, split between two shipping containers on two ships in the idle flotilla offshore. One ship arrived in late September; the other in late October. They’ve been stuck at anchor […]
Read More(Bloomberg) — China’s increasingly extreme Covid Zero policies are standing in the way of a full recovery for the shipping industry and prolonging a crisis that’s snarled ports and emptied shelves worldwide. In its attempts to keep the virus out, China’s continued to prohibit crew changes for foreign crew and recently imposed as much as […]
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