Great news: the national diesel average has dropped 2.4 cents
While this is the second week in a row with a very incremental change, many say it’s still better than going up.
The Federal Reserve is likely to see rising employment costs as the go-ahead for another interest rate increase
According to the U.S. Labor Department, the employment cost index grew by 1.2% from July through September.
Amazon warns of cost cuts during upcoming peak season, no sign of sales growth
In the troubling report from the Wall Street Journal, the e-commerce retail giant is expecting current quarter sales to fall short of projections.
Persistent supply chain challenges are likely to last through the summer of 2023
That’s at least what respondents to an SAP survey of 400 U.S.-based senior decision-makers are saying.
U.S. consumers are worried about the economic conditions approaching
The Conference Board Consumer Confidence Index declined 107.8 points in October, after growing in August and September.
Whirlpool has decided to slash production of its appliances by a third
Due to plummeting demand for refrigerators, washers, and dryers, the home goods and appliance maker is shrinking its inventory by cutting production by nearly one-third.
UPS is upping its rate to match its number one competitor, FedEx
UPS Ground, Air, and International services will launch the rate hike beginning on December 27th.
Potential recession to land next summer, says former treasury secretary
While predictions are that the recession will be “mild”, Former US Treasury Secretary Larry Summers is echoing what many have been stating: a recession is coming, and the public should be prepared.
Vietnam’s coffee harvest booms: the world can expect some slightly less expensive morning espresso
The world’s largest grower of the robusta variety of coffee beans is in Vietnam, and they’re experiencing a large crop this season.
Jeff Bezos warns of tough financial times ahead
Amazon founder Jeff Bezos is the latest leader in the corporate world to warn the public that tough financial times are ahead of us.
As diesel prices rise, smaller carriers will feel the brunt of it
Another week, another price climb. Fuel prices hit record highs this past spring and summer and it seems to be on a journey back there again.
Customers know what’s best.. and that means shopping early
Consumers are starting their holiday shopping earlier than ever this year.
Market trading will get worse before it gets better, says experts
If you’re an investor, you better hold onto your hat.
IMF warns that the global economy is on unsteady ground
It’s no secret that the global economy is on unsteady ground.
30 Amazon warehouse workers stage “Prime Walkout” in Joliet, Illinois
In a letter posted to the CEO of Amazon, Andy Jassy, about 30 employees have stated they are exercising their “right to engage in concerted activities for the purpose of mutual aid and protection”.
Returns are all fun and games… until they charge you
Popular retail brands like Zara and Boohoo in the United Kingdom are switching up their return policies for online shoppers.
Buckle up, inflation doesn't seem to be going anywhere any time soon
Compared to September 2021, energy and food costs have risen by 6.6% - this is the quickest jump in forty years.
Diesel prices soar after 5 weeks of declines
All good things must come to an end, it seems.
International Monetary Fund warns of global recession years after Covid-19 stimulus
The World Economy is looking at a twisted road ahead.
Gas prices are about to go up, again
OPEC+, a team of oil-exporting countries, made the unified decision to decrease the production of oil based on “uncertain market outlooks.”
