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Economy

“Supply chain troubles drive Salesforce’s forecast for 20% increase in prices this holiday season”

“Supply chain problems will hit consumers in the wallet during the holidays, with Salesforce.com Inc. forecasting a 20% increase in prices for the shopping season and beyond. The global supply chain has been tied in knots for a variety of… Continue Reading…

Economy

“Solar prices jumped in the second quarter, reversing recent trends, on material costs and supply chain issues”

“… Supply chain bottlenecks and rising raw materials costs are hitting the solar industry. Prices rose quarter over quarter and year over year during the second quarter across residential, commercial and utility-scale solar for the first time since Wood Mackenzie… Continue Reading…

Economy

“Supply bottlenecks keep heat on U.S. producer prices”

“U.S. producer prices increased solidly in August, leading to the biggest annual gain in nearly 11 years, suggesting that high inflation is likely to persist for a while as the unrelenting COVID-19 pandemic continues to pressure supply chains. There are,… Continue Reading…

Stocks

“10 great stocks to own because oil prices have surged: Goldman Sachs”

“Mehta outlined 10 oil stocks he is bullish on in a new piece of research on Tuesday: (1) Occidental Petroleum (OCY); (2) ExxonMobil (XOM); (3) Ovintiv (OVV); (4) Diamondback Energy (FANG); (5) ConocoPhillips (COP); (6) EQT Corporation (EQT); (7) Pioneer… Continue Reading…

Economy

“Lumber prices dive more than 40% in June, biggest monthly drop on record”

“After a jaw-dropping rally this spring, lumber prices have come back down to earth as supply increased, speculative trading action cooled and homebuilding demand eased. Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back… Continue Reading…

Economy

“House prices climb to record levels in US and Europe”

“House prices have set records in the US and parts of Europe as vast fiscal and monetary stimulus help residential property markets to continue shrugging off the impact of the coronavirus pandemic. The median price for US existing houses rose… Continue Reading…

Economy

“Raised Menu Prices: Food Is Getting More Expensive”

“EDITOR NOTE: Here’s what to look forward to this summer: higher grocery bills, raised menu prices in restaurants, and reduced food package sizes for the same prices. Just about every company in the food services industry is experiencing an uptick… Continue Reading…

Business

“Chipotle raises menu prices as employee costs increase”

“Chipotle Mexican Grill Inc said on Tuesday it has increased prices for products across its menu by about 4% owing to rising labor costs.   Several companies in the retail space, including McDonald’s and Walmart, have increased hourly wages for employees in… Continue Reading…

Economy

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

“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…

Economy

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

“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…