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Economy

“Major Shortages are Breaking the U.S. Economy”

May 18, 2021

“The U.S. economy is trying to restart its engine after tumbling into its deepest recession in generations, but a variety of supply chain constraints are threatening the country’s rebound. The country faces major shortages in everything from labor to semiconductors,… Continue Reading…

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Economy

“Gas, Food, Lumber, Homes: More and More Expensive”

May 18, 2021

“Used cars, homes, lumber, gas and chicken: What do they all have in common? They’re all getting more expensive. The stimulus-fueled economy is rebounding and Americans are again spending on shopping, traveling and eating out. But the pandemic is far from over, and supply-chain… Continue Reading…

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Economy

“U.S. gasoline shortage improves, some regions still suffer hefty outages”

May 17, 2021

“Even with outages slightly easing in many states, at least a third of gas stations were without fuel in Maryland, Virginia and Georgia, according to tracking firm GasBuddy. Roughly half of the stations in the Carolinas were lacking gasoline, and… Continue Reading…

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Economy, Stocks

“3 Strong Oil And Gas Stocks For The Summer”

May 14, 2021

“#1. Apache Corp: Smart Hedging Strategy… During its Q1 2021 earnings transcript, Apache revealed that prescient changes to its natural gas hedging strategy right before the February freeze hit Texas brought the company an unexpected windfall in the form of a first-quarter… Continue Reading…

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Economy

“Chip shortage expected to cost auto industry $110 billion in revenue in 2021”

May 14, 2021

“The ongoing semiconductor chip shortage is now expected to cost the global automotive industry $110 billion in revenue in 2021, according to consulting firm AlixPartners. The forecast is up by 81.5% from an initial forecast of $60.6 billion, which the New York-based… Continue Reading…

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Economy

Help Raxxmorz.com Grow. Spread The Word.

May 7, 2021

Raxxmorz.com is the main hub for content. Please share the articles. Make sure to subscribe as well. It’s completely free. You can also follow me on: Twitter, Linkedin, and Tumblr. Feel free to leave any questions or comments. Also if you’re… Continue Reading…

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Economy

“April jobs report: Payrolls rose by 266,000, sharply missing estimates, as unemployment rate increased to 6.1%”

May 7, 2021

“The Labor Department released the April jobs report Friday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus data compiled by Bloomberg: Non-farm payrolls, April: +266,000 vs. +1.000 million expected and a revised +770,000… Continue Reading…

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Economy

“KFC looks to hire 20,000 workers as restaurant industry faces labor crunch”

May 5, 2021

“Fast-food chains typically hire tens of thousands of workers in time for the summer months, which are among the busiest for the sector. This year, the hiring announcements arrive as restaurants report a shortage of willing workers. The labor crunch is… Continue Reading…

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Economy

“Surging U.S. crop prices reverse fortunes in rural Iowa”

April 29, 2021

“A surge to eight-year highs in U.S. corn and soybean prices is boosting farmers’ incomes and their demand for land, tractors and tools. It is a turnaround for the agricultural sector after farmers struggled for years with a series of… Continue Reading…

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Economy

“Lumber prices are up 232% and ‘could spiral out of control in the next few months’”

April 28, 2021

“Last week the price per thousand board feet of lumber soared to an all-time high of $1,188, according to Random Lengths. Since the onset of the pandemic, lumber has shot up a whopping 232%. Home builders and DIYers don’t want… Continue Reading…

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