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Category: Economy

Category:
  • Economy
  • USA

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

Posted On : 4 Sep 2021 Published By : Tom Whipple
Category:
  • Economy
  • USA

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

Posted On : 3 Sep 2021 Published By : Tom Whipple
Category:
  • Economy

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

Posted On : 30 Aug 2021 Published By : Tom Whipple
Category:
  • Economy

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

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • Economy

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

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • Economy

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

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • Economy

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

Posted On : 25 Aug 2021 Published By : Tom Whipple
Category:
  • Economy

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

Posted On : 20 Aug 2021 Published By : Tom Whipple
Category:
  • Economy
  • Japan

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

Posted On : 20 Aug 2021 Published By : Tom Whipple
Category:
  • Economy

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

Posted On : 17 Aug 2021 Published By : Tom Whipple

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