“You have stimulus checks going into the hands of consumers. [Some] businesses are running out of inventory. How can you have a stimulus if you can’t buy anything?” said one logistics analyst.
Category Archives: business
'Don't buy!' Top fashion brands face fallout and fury in China over Uyghur statements
The boycott calls come after fresh Western sanctions issued earlier this week against officials responsible for the region, which is home to the country’s Uyghur Muslim minority.
Global trade jam worsens as huge ship could be stuck for weeks like 'beached whale'
Experts said that the frenzied flotation efforts could take weeks, with the head of one of the salvage companies likening the ship to a “beached whale.”
Latest weekly jobless claims fall to 684,000, lowest since pandemic began
“Increased vaccinations are hopefully the beginning of the end,” said one economist.
Suez blockage could delay global shipments, raise gas prices
Everything from food, furniture, clothes and shoes to exercise equipment, electronics, car parts and carpets could be affected, logistics experts say.
Huge container ship blown sideways in dust storm blocks Egypt's Suez Canal
Tankers have been lining up for hours after a massive vessel turned sideways, blocking one of the world’s busiest trade waterways.
Intel is spending $20 billion to build two new chip plants in Arizona
A global chip shortage is snarling industries from automobiles to electronics.
'A joke': Venture capital's toxic male culture goes way beyond one photo-sharing startup
“It’s extremely uncommon for a venture capitalist to cut all ties with a founder or a company in which it has invested. The reaction is a testament to the severity of the accusations,” said one VC expert.
Powell plays down inflation — again — while Yellen sees possible return to full employment by 2022
Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen made their first joint appearance at the House on Tuesday to review pandemic aid.
Citigroup CEO Jane Fraser calls for Zoom-Free Fridays as pandemic fatigue grows
″The blurring of lines between home and work and the relentlessness of the pandemic workday have taken a toll on our well-being,” Fraser said. “It’s simply not sustainable.”