A group of New York Fed researchers has developed a new index to measure the critical factors underlying all global economic activity-supply chains.
Author archives: The Epoch Times
Verizon and AT&T Agree to Delay 5G Rollout After Previously Rejecting Regulators’ Request
Federal Aviation Administration (FAA) and other aviation officials fear that the use of C-band spectrum for 5G wireless services could interfere with sensitive aircraft electronics, disrupt flights and result in some diversions.
Used Car Prices Surge 39 Percent Over 12 months Through November
A used car in the United States costs approximately 39 percent more than what it did a year back.
Billionaire Elon Musk’s SpaceX Gets $337.4 Million Boost in Equity Financing
The company, which counts Alphabet Inc and Fidelity Investments among its investors, had raised about $1.16 billion in equity financing in April.
Weekly Jobless Claims Drop Below Pre-Pandemic Levels in Sign of Continued Labor Market Tightness
First-time filings for unemployment insurance fell to 198,000 for the week ending Dec. 25, the Labor Department said in a report.
Gas Prices Expected to Rise in 2022, Could Hit Over $4 per Gallon in Spring: GasBuddy
GasBuddy’s 2022 Gasoline Forecast (pdf), released Dec. 29, predicts that the national retail gasoline price will average $3.41 per gallon for all of 2022-assuming no significant interruptions to the ongoing economic recovery.
US Home Price Gains Slowed Again in October
Housing prices continued to rise in October, but at a slower rate than previous months, according to new data.
Thousands More Flights Canceled as COVID-19 Continues to Disrupt Holiday Travel
Around 3,259 flights were canceled in total globally yesterday, of which around 1,474 were in the United States, according to the flight-tracking website, FlightAware.
Falling Gas Price Trend Likely Bottomed, Drivers Should Brace for Pain at the Pump: Experts
National average retail gasoline prices have been in a downward trend since peaking at $3.505 for the week ending Nov. 8, according to the Energy Information Administration (EIA).
NHTSA Opens Preliminary Investigation Into Infotainment System in 580,000 Tesla Cars
The National Highway Traffic Safety Administration (NHTSA) announced on Dec 22. that it has opened a formal investigation into Tesla over the safety of its front center touchscreen.