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Customers look at the display window of a store at the gold market in Dubai, one of the busiest jewellery markets in the Middle East. Karim Sahib | Afp | Getty Images Gold prices were steady on Tuesday as the dollar faltered, although risks from looming aggressive interest hikes by the U.S. Federal Reserve limited […]
Road infrastructure woes have this as their essence (and source of profits) that makes them all one: they never end. Seattle Times transportation reporter Mike Lindblom writes, “[i]nsurance companies don’t have to reimburse Washington state for the two years drivers couldn’t use the new Highway 99 tunnel, as a result of the boring machine Bertha’s breakdown […]
Comment on this story Comment President Joe Biden knows how to fix illegal immigration. As he told Mexico’s President Andres Manuel Lopez Obrador last week, offering legal pathways for would-be migrants “is a proven strategy that fuels economic growth as well as reduces irregular migration.” This is not controversial. With one glaring exception . . […]
Comment on this story Comment Several important macroeconomic questions are puzzling economists, the Federal Reserve and everyone else. Why is inflation running so hot? What’s behind the surge in home prices? And why is it so hard for businesses to find workers? There is no single answer, of course, and there are some credible . […]
Supply Chain, Labor Woes Confound Military, Industrial Base iStock photo NATIONAL HARBOR, Md. — A nationwide labor shortage and problems with the supply chain continue to disrupt the delivery of materiel to the military and its industry partners, logisticians at a recent conference said. As the United States seeks to send weapons and goods to […]
U.S. oil refiners are once again making good money, but investors aren’t quite piling into the shares. They should be, a top energy analyst tells me. The profit boom could last through the end of the decade, helped by a price mishap that won’t be easy to fix: the giant premium Europe must pay for […]
KOSPI falls, foreigners net sellers Korean won weakens against U.S. dollar South Korea benchmark bond yield rises SEOUL, March 14 (Reuters) – Round-up of South Korean financial markets: ** South Korean shares . . .
Shipping containers are seen at the container terminal of the port of Oakland, California, U.S., October 28, 2021. REUTERS/Carlos Barria WASHINGTON, Nov 2 (Reuters) – The head of a U.S. commission that oversees ocean transportation said in an interview on Tuesday he suspects some ocean carriers have improperly charged importers, one of many factors driving […]
Workers are seen at the FCA Mack Assembly plant in Detroit, Michigan, U.S., March 10, 2020. REUTERS/Brendan McDermid Oct 29 (Reuters) – The U.S. auto sector’s production slump this year is more than a big minus for Detroit – it’s a major drag on the entire economy. Gross domestic product growth slowed to the weakest […]
A specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 6, 2021. REUTERS/Brendan McDermid NEW YORK, Oct 21 (Reuters) – Corporate results in the industrial and materials sectors could offer a snapshot of how companies in a key swath of the U.S. […]