BREAKING: REI will be closing its only Portland Store In an email to its members, REI said the store “had its highest number of break-ins and thefts in two decades, despite actions to provide extra security.” For more context on …
https://twitter.com/TheRichFromCali/status/1644939426945171456
The Environmental Protection Agency (EPA) finalized a rule Tuesday that will impose stricter nitrogen dioxide emissions standards on new heavy-duty trucks, a move that will substantially hike operating costs for truckers, experts and industry representatives told the Daily Caller News …
by Coastie Patriot Joe Biden’s hack Treasury Secretary Janet Yellen actually told Stephen Colbert last night that inflation is your fault for spending too much. And Russia’s, of course. Yellen’s comment came after Colbert buttered her up and asked her what …
DICK’S Sporting Goods announced it will offer up to $4,000 in travel expenses for employees who decide to terminate their pregnancies and must go out of state to do so, but will not say if the company also plans to …
It ought to be possible to operate a retail store in one of America’s largest and most iconic cities, but this most basic commercial proposition is in doubt in San Francisco. The erstwhile Golden City is beset by an ongoing …
March 1 (Reuters) – Get ready for the $10 tube of toothpaste. Colgate-Palmolive Co (CL.N) CEO Noel Wallace said last week at an industry conference that the household goods maker sees its new Optic White Pro Series toothpaste as the type of …
by Mike Gleason Shortages, delays, higher premiums may emerge in physical gold and silver Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Gold and silver markets are registering big …
Global goods exports volumes are recovering to normal trend… Now check the difference between volume and value and tell us that inflation is transitory. pic.twitter.com/qR3f3TU0LM — Daniel Lacalle (@dlacalle_IA) September 13, 2021 American Households Continue To Expect Rising Inflation: NY …
*3M has flagged rising air and freight costs to ship its goods*Walmart has warned on the congestion in US ports*Legacy Homes, Williams-Sonoma & Wüsthof knife sets, have seen an uptick in wage costshttps://t.co/j9PGeaM62W 🎩 @jessefelder pic.twitter.com/usUSnrTwY3 — Danielle DiMartino Booth …
Lloyd’s List calculates blockage is costing $400 million an hour. Lloyd’s values the canal’s westbound traffic at roughly $5.1 billion a day, and eastbound traffic at around $4.5 billion a day. The blockage is further stressing an already strained supply …
Lloyd’s values the canal’s westbound traffic at roughly $5.1 billion a day, and eastbound traffic at around $4.5 billion a day. The blockage is further stressing an already strained supply chain, said Jon Gold, vice president of supply chain and …
by WARREN MOSLER As per the chart still not looking so good: Highlights Good news on US manufacturing is now much less scarce following a much better-than-expected 2.7 percent jump in durable goods orders for March. The gain is skewed …
by WARREN MOSLER Looks like there was a drop in employment growth by firms with under 50 employees: ‘Last hire first fired’ has made this a leading indicator in prior cycles: Heavy-Duty Truck Orders Hit the Brakes in March Trucking …
For the last year we’ve been reporting on the bizarre saga of Dick’s Sporting Goods’ transformation from a relatively functional purveyor of mainstream sporting goods to a groveling symbol of modern corporate virtue signaling. On Friday, new evidence emerged of …
by Michael Snyder When economic conditions initially begin to slow down, businesses continue to order goods like they normally would but those goods don’t sell as quickly as they previously did. As a result, inventory levels begin to rise, and …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And how it compares to what happened during the Financial Crisis. The goods-based segment of the economy is heading for rough waters, and it is further diverging from the path of the services-based segment of the …
by Spencer P Morrison, NEE From Why Trump’s Tariffs Won’t Cost You a Penny: The big reason why so many Americans oppose tariffs is because they don’t understand them. They think tariffs are just another sales tax, and assume that imposing a …
https://qz.com/1567934/amazon-sellers-panic-after-the-company-reportedly-canceled-orders/ Amazon is reportedly going cold turkey on thousands of vendors. The e-commerce behemoth has canceled orders with many wholesalers, pushing them instead to sell directly to consumers on its marketplace, Bloomberg reported today (March 7). Having vendors sell directly …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Orders for Class-8 trucks – made by Daimler (Freightliner, Western Star), Paccar (Peterbuilt, Kenworth), Navistar International, and Volvo Group (Mack Trucks, Volvo Trucks) – plunged 58% in February compared to February last year, to 16,700 orders, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “In 30 years, I’ve never seen anything like this”: CEO of warehouse operator Pacific Mountain Logistics. Sales at merchant wholesalers (except manufacturers’ sales branches and offices) fell 1% in December 2018, compared to November, to $497.2 billion …
by WARREN MOSLER Asia’s exports to China plunge as economy stumbles (WSJ) Japan’s exports to China in January sank 17.4% on the year to 958.1 billion yen ($8.65 billion), accelerating from December’s 7% drop. South Korean exports to China in …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Something has to give. Starting to be a fascinating phenomenon: Rates charged by trucking companies and other transportation providers continue to surge on a year-over-year basis even as the volume of shipments has dropped below where …
by WARREN MOSLER Rail Week Ending 15 December 2018: Economically Intuitive Sectors Continue In Contraction Written by Steven Hansen Week 50 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association …
by Dr. Eowyn Actions have consequences, and Dick’s Sporting Goods is discovering what its gun-control virtue-signaling costs. But Dick’s billionaire chairman and CEO doesn’t give a hoot. Dick’s first modified its gun-sales policy in the wake of the Sandy Hook …
Dick’s Sporting Goods is warning investors that its decision to remove certain “assault-style” weapons from its Field & Stream stores cost it dearly and may limit its future gains. The sporting goods retailer was forced to confront angry shareholders late …
by WARREN MOSLER Last month revised lower and looking weak: Highlights A drop for primary metals, a sharp drop for machinery, and a reversal for defense aircraft all pulled down durable goods orders in October which fell a sharper-than-expected 4.4 …
by WARREN MOSLER Need more tariffs… Highlights Amid the unfolding of tariff effects, exports are moving in the wrong direction and look to be a big negative for third-quarter GDP. The nation’s trade deficit in goods was a whopping $75.8 …
That’s a perfect picture of socialism. The people live in poverty while the rulers live as royalty. h/t GR