Energy Crisis Threatens Return Of 1970s Inflation
A customer shops for groceries at a Miami supermarket as rising consumer prices make many think of … [+] The growing energy crisis is causing rising prices for groceries, cars, Continue Reading
An energy crisis is gripping the world, with potentially grave consequences
Energy is so hard to come by right now that some provinces in China are rationing electricity, Europeans are paying sky-high prices for liquefied natural gas, power plants in India Continue Reading
From Nairobi to Ningbo: See the Supply Shocks Spanning Globe
Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here . Visit Maryland, the proud crab capital of the U.S., and Continue Reading
U.S. and European Economies Slowed by Delta Variant, Supply Chain Bottlenecks
The U.S. and European economies slowed in September as supply-chain bottlenecks and worries over the Delta variant weighed on businesses, adding to signs the global economy is experiencing a soft patch amid Continue Reading
Gas crisis shows how climate change is getting real for investors
Europe’s gas crisis is a warning that climate change is rapidly morphing from a faraway prospect for investors to direct input into asset allocation decisions. The transition away from the Continue Reading
Supply-Chain Crunch, Chip Shortage Focus of White House Meeting
The Biden administration is seeking more information from companies struggling with the global shortage of semiconductors, an effort designed to increase transparency in supply chains and ease bottlenecks. The request Continue Reading
America’s Infrastructure Crisis Is Growing Increasingly Dire
Despite promises of improved infrastructure and better disaster preparedness, governments and energy giants are failing to provide backup energy provisions to areas hit hard by extreme weather conditions again and Continue Reading
Goldman Cuts U.S. Growth Forecast as Consumer Sees ‘Harder Path’
Goldman Sachs Group Inc. economists revised down their forecast for growth in the U.S. economy this year, pointing to a “harder path” ahead for the American consumer than previously anticipated. Continue Reading
Europe’s High Energy Prices Are Just The Beginning
European energy prices might be at record levels, but there is still room for prices to run, according to a Bloomberg analysis. Of course, natural gas prices are soaring everywhere—not Continue Reading
Charting Global Economy: U.S. Job Growth Misses, China Struggles
Weak Jobs Data Is ‘One-Off Slowdown,’ BlackRock Says Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . U.S. hiring limped ahead in Continue Reading
U.S. job growth takes giant step back as Delta variant hits restaurants
The U.S. economy created the fewest jobs in seven months in August as hiring in the leisure and hospitality sector stalled amid a resurgence in COVID-19 infections, which weighed on Continue Reading
GM, Ford halt some production as chip shortage worsens
The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. General Motors announced Thursday, Sept, 2, 2021 that Continue Reading
Drivers warn of burnout as global trucker shortage bites
Aliaksandr Matsiash, a Belarusian exile, joined Lithuanian trucking group Baltic Transline in May. But after two weeks of training, followed by 13 weeks living in a truck-based in the Netherlands Continue Reading
The World Economy’s Supply Chain Problem Keeps Getting Worse
The global supply chain crunch was meant to be temporary, but it looks like it will have a lasting impact into the next year . A supply chain crunch that Continue Reading
Middle East Security Concerns Could Threaten The Global Economy
There was recently an attack on the Mercer Street vessel belonging to an Israeli billionaire, with Iran being blamed for the incident. These kinds of attacks have been happening since Continue Reading
Insurers Can Afford to Drop Oil and Gas—But Many Won’t
For the insurance industry to fulfill its stated commitment to combat climate change, it may want to accelerate its efforts to exit the oil and gas industry . To date, Continue Reading
The Chip Shortage Looks Like the Oil Shortage of the 1970s. What It Means for Stocks and the Economy.
President Joe Biden introduced a plan for $50 billion in chip research earlier this year. The spike was good news for Chevron (CVX) and Exxon Mobil (XOM), which returned roughly Continue Reading
Chip Crisis Threatens to Cut Auto Output by 7.1 Million Cars
The global shortage of semiconductors will cut worldwide auto production by as many as 7.1 million vehicles this year, and pandemic-related supply disruptions will hobble the industry well into next Continue Reading
Toyota to Cut Output as Chip Shortage Finally Catches Up to It
The global semiconductor shortage has finally started to bite at Toyota TM -4.09% Motor Corp., highlighting how a resurgence in Covid-19 infections from the Delta variant is now stifling chip manufacturing in Southeast Asia, worsening Continue Reading
Deep Sea Mining Is An $8 Trillion Opportunity
The mining sector has been one of the biggest beneficiaries in the COVID-19 recovery. Several countries’ recovery packages have ignited demand for commodities like copper, iron ore and lithium. Given Continue Reading
US Payrolls July 2021 Climbed 943,000 Topping Estimates, Unemployment Rate 5.4%
The U.S. labor market charged ahead in July with the biggest increase in employment in nearly a year, highlighting optimism about the economy’s prospects even as coronavirus concerns resurface. Payrolls Continue Reading
World Economy Caps Extraordinary Return From Covid-19 Collapse
The world economy likely returned to its pre-pandemic size in the spring, according to economists, marking an extraordinary comeback from the deepest global downturn in decades. But new variants of Continue Reading
GM to pause production as several North America plants suffer with chip shortage
General Motors will pause production at four of its North American automobile assembly plants for two weeks as the industry continues to be affected by the global shortage of semiconductor Continue Reading
Gail Tverberg : To Be Sustainable, Green Energy Must Generate Adequate Taxable Revenue
What allows any type of energy to be sustainable? I would argue that one of the requirements for sustainability is adequate production of taxable revenue . Company managements depend upon Continue Reading
High Oil Prices Threaten The Global Economic Recovery
Since oil prices exceeded $70 per barrel earlier this year, analysts, economists, and central banks have been fretting about whether higher crude prices could disrupt the momentum in global economic Continue Reading
Top Fed official warns Delta variant poses threat to global recovery
A top Federal Reserve official has warned the spread of the Delta coronavirus variant and low vaccination rates in some parts of the world pose a threat to the global Continue Reading
The Plastics Sector Is Suffering As Oil Prices Rise
Four years ago, the UN declared plastic pollution a global crisis , decades after the discovery of the Great Pacific Garbage Patch –a collection of marine debris 2x the size Continue Reading
U.K. Faces Food Shortages as Worker Scarcity Gets Worse
From abattoirs to restaurant kitchens, the U.K. food sector is facing a massive challenge this summer: there just aren’t enough workers. The food industry, already facing labor shortages because of Continue Reading
Eurozone economy edges back towards pre-pandemic norms
Consumers in the eurozone are flocking back to bars and restaurants, booking holidays and travelling to work again, according to unofficial data that suggest pre-pandemic patterns of economic activity are Continue Reading
Chip shortage to last until at least mid-2022, warns manufacturer
The global chip shortage disrupting the car industry and threatening the supply of consumer technology products will last for at least another year, one of the world’s largest electronics contract Continue Reading
Rapid Energy Transition Could Doom Oil Exporting Countries
It’s a tough time being in the oil and gas business. Big Oil has lately come under a plethora of attacks from all directions, ranging from uncooperative financiers and investors Continue Reading
A Resurgent World Economy Is Seen Leaving Many Behind
A strengthening world recovery from the Covid-19 pandemic risks leaving behind many regions, fueling inequalities across and within borders, the Organization for Economic Cooperation and Development said Monday. As the Continue Reading
Global economy will return to pre-pandemic level by 2022, says OECD
The brightening outlook for the global economy will give governments leeway to switch from blanket emergency support to more targeted measures, with a focus on investing, the OECD has said. Continue Reading
Intel reiterates chip supply shortages could last several years
Intel Corp’s (INTC.O) CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines Continue Reading
Biden budget proposes repealing raft of tax benefits for fossil fuel producers
Treasury says the incentives distort market, risk energy security Senate Finance advances clean energy bill with similar repeals US President Joseph Biden proposed eliminating a slew of tax benefits for Continue Reading
First quarter GDP unchanged at robust 6.4% annual rate
The U.S. economy grew at a robust annual rate of 6.4% in the first three months of this year, unchanged from the government’s initial estimate. The recovery from last year’s Continue Reading
The World Economy Is Suddenly Running Low on Everything
A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress Continue Reading
Higher Prices Leave Consumers Feeling the Pinch
Your browser does not support HTML5 video. At The Wall Street Journal’s CEO Council Summit, Janet Yellen expressed her confidence that the U.S. economy and employment will return to normal Continue Reading
The Energy Crisis That No One Is Talking About
We live in a world where words are very carefully chosen. Companies hire public relations firms to give just the right “spin” to what they are saying. Politicians make statements Continue Reading
The Chip Shortage Keeps Getting Worse. Why Can’t We Just Make More?
Shortages of semiconductors are battering automakers and tech giants, raising alarm bells from Washington to Brussels to Beijing. The crunch has raised a fundamental question for policymakers, customers and investors: Continue Reading
Largest economies forecast to regain pre-Covid levels by end of year
The world’s largest economies on both sides of the Atlantic have a good chance of recovering the lost ground caused by the coronavirus pandemic by the end of the year, Continue Reading
Lawsuits Pour In After Texas Freeze Pushes Bills Sky-High
At least 30 lawsuits potentially worth billions of dollars have been filed in four states disputing responsibility for the massive electricity bills many Texans were hit with amid the freezing Continue Reading
World Economy Risks ‘Dangerously Diverging’ Even as Growth Booms
The world economy is on course for its fastest growth in more than a half century this year, yet differences and deficiencies could hold it back from attaining its pre-pandemic heights Continue Reading
Guardians of Global Economy Gather to Assess Damage: Eco Week
The guardians of the global economy will gather this week, one year into the pandemic, to assess the damage and chart a path forward. The International Monetary Fund and World Bank Continue Reading
Even Suez Canal Blockage Can’t Hold Back Red-Hot Global Trade
Factories around the world are struggling to keep up with soaring demand for all types of goods as the global economic recovery from the pandemic accelerates. In the U.S., factory production Continue Reading
Global factory recovery picks up, but cost pressures grow
Factories across Europe and Asia ramped up production in March as a solid recovery in demand helped manufacturers move past the setbacks of the pandemic, although escalating costs and supply- Continue Reading
How Will We Pay for the Energy Transition?
Earlier this month, the International Renewable Energy Agency said the world needed to invest $131 trillion by 2050 in order to limit the estimated global rise in average temperatures to Continue Reading
Headed for a Collapsing Debt Bubble
A $1.9 trillion stimulus package was recently signed into law in the United States. Can such a stimulus bill, plus packages passed in other countries, really pull the world economy Continue Reading
Why Collapse Occurs; Why It May Not Be Far Away
Collapse is a frightening subject. The question of why collapse occurs is something I have pieced together over many years of study from a number of different sources, which I Continue Reading
US jobless claims rise to 861,000 as layoffs stay high
The number of Americans applying for unemployment aid rose last week to 861,000, evidence that layoffs remain painfully high despite a steady drop in the number of confirmed viral infections. Continue Reading