Number of Job Openings Drops Below 10 Million
For the first time in nearly two years, the number of available job positions fell by 632,000 compared to the previous month.
Current State of the Car Market Makes It a Bad Time to Buy a Vehicle
A new study has shown that the average cost of a new car is almost $48,000, which is $12,000 more than what it was 5 years ago.
The failure of Virgin Orbit's recent launch and the reasons behind it
Virgin Orbit is a subsidiary of the Virgin Group that offers launch services for small satellites through a unique air-launch system.
Diesel price declines for the 7th consecutive week
Just this week, diesel prices have declined 6.2 cents. This dip has lowered the national average to less than $4.2 per gallon, and the per-barrel oil price dropping alongside it.
FedEx preparing “dynamic pricing” for better profit during peak season
With so much loss in package volume this year, FedEx is strategizing to maximize its efforts and make as much money as possible from every single delivery.
Congress remains divided over bank failure solutions
The collapse of the Silicon Valley Bank and First Republic Bank has caused an uproar among the American public.
Budget cuts, incoming: companies make sacrifices to meet energy price volatility
Volatile energy price swings are causing a ruckus among companies across all sectors, according to a recent survey taken by Zurich-based ABB Electrification, the appliances, electrical, and electronics manufacturing arm of industrial automation provider ABB
The green revolution in shipping is incredibly expensive
Global shipping companies are struggling to transition as the upfront costs for green freight transfer require massive upfront costs.
People can combat inflation and its losses
Steep prices are here and not leaving any time soon.
Europe says electric vehicles are proving to be too expensive for the middle class
Europe has slowed production of lithium-powered cars, their production this year is expected to be over a million cars less than the original estimate.
Inflation seems to be sticking around for a while
Inflation has been at a stressful high for the last couple of months because of consistent consumer demand despite rising interest rates.
Trucker pay is historically strong despite sluggish momentum
The upward momentum for truck driver pay has been slowing in recent years, but it is still historically strong due to several factors.
The Fed - and inflation - just won’t quit
The elevated inflation rate has remained steadfast and stubborn, despite a multitude of efforts by the central bank to stifle it over the past year.
The Biden Administration scrambles to shield the economy after multiple bank crashes
The dismantlement of Silicon Valley Bank within 48 hours by regulators has the federal government rushing to stifle the bleeding of a resilient - but vulnerable - economy.
Factory demand in the U.S. becoming sluggish as interest rates climb
As interest rates rise, the cost of borrowing for businesses increases.
As EV subsidies dwindle, EV sales follow suit
In a massive drop, EV sales have dramatically collapsed with only 672,000 units sold in January.
Pakistan’s ports are bloated with frozen imports
The country’s economy is teetering on the edge of collapse, and many companies - especially those that manage the ports - have been forced to halt operations in response.
Big cities should be using the remote-work shift to reinvent themselves
While 41% of Americans were still working for home (with full-time or hybrid) in January, it’s safe to say that America’s biggest cities have faced a major shock to the system.
Recession or not: mixed signals are abundant
The usual economic indicators for a recession aren’t coinciding with what economists are used to… creating mass confusion.
DOE recommends that trucking companies seek government incentives to offset upfront costs for zero-emission vehicles
It’s no grand secret: the transition to green energy-operated heavy duty vehicles has a hefty price tag.
