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Economy

Higher Prices Incoming: Supply Chain Disruptions Due To Baltimore Francis Scott Key Bridge Collapse

“…The Port of Baltimore processed a record 1.1 million containers of cargo in 2023, according to state data. That made it the ninth-busiest port in the nation based on U.S. trade volume, wrote Ryan Petersen, chief executive of Flexport, a supply chain… Continue Reading…

Economy

[More Lies] “FTC calls out profits as a driver of grocery prices”

“A new Biden administration report is raising questions about the cause of rising food prices, which have squeezed U.S. households for years after COVID-19 recession. Profits and inflation surged together in the aftermath of the pandemic, fueling intense debate among… Continue Reading…

Stocks

“Reddit prices IPO at $34 per share in first major social media offering since 2019”

“Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, according to a press release, and values the company at… Continue Reading…

Economy

[U.S.] “…Francis Scott Key Bridge collapse ‘will spark US food & car supply [chain] issues…’” [Increased Prices]

“THE… bridge collapse in Maryland will result in widespread disruption to trade but Americans are set to avoid a return to the supply chain chaos seen during the Covid-19 crisis, experts have said. Shipping has been suspended at the Port… Continue Reading…

Precious Metals

“Daily Spotlight: Gold Prices Near Peak”

“When global economic conditions become unpredictable, investors often flock to gold. The yellow metal is trading above $2,100 per ounce. During the first phase of the pandemic, the spot price for an ounce of gold jumped 33% in six months… Continue Reading…

Real Estate

“Home prices rose 2.4 times faster than inflation since 1960s, study finds…”

“While inflation is 10 times higher now than 60 years ago, home prices are 24 times more expensive, a new study found…. In reality, the cost of a typical house in the U.S. is closer to half a million dollars. The median… Continue Reading…

Energy

“Global Fuel Prices Are Surging With Supply Risks Ahead”

“Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices and making forecasts difficult in the run-up to a US presidential election in which inflation will be a key issue…” https://www.yahoo.com/news/surging-gasoline-prices-add-inflation-021939727.html Plus… Continue Reading…

Stocks

“Domino’s loyalty program revamp boosts results; to lift prices modestly”

“Domino’s Pizza beat Wall Street targets for quarterly results as a relaunch of its loyalty program and promotional offers prompted more Americans to order its pizzas and chicken wings, sending its shares up 8.5% on Monday. The company also plans… Continue Reading…

Business

“Opinion: Evidence EVs are a fading fad is ‘rolling in fast’ as Tesla, GM and Ford slash prices”

“…Despite Tesla TSLA, 1.49% Chief Executive Elon Musk’s entrepreneurial brilliance and billions of dollars in U.S. government subsidies to support EVs, it appears that consumers still prefer to drive to a gas station for a five-minute fill-up than to retrofit their garage and… Continue Reading…

Economy

“Drugmakers set to raise U.S. prices on at least 500 drugs in January”

“Drugmakers including Pfizer, Sanofi and Takeda Pharmaceutical plan to raise prices in the United States on more than 500 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors. The expected price hikes come as the pharmaceutical industry gears… Continue Reading…