As of Oct. 27, the national average for a gallon of regular gasoline rose to $3.394 from the prior day’s $3.389 and up from the month ago average of $3.189, according to AAA.
Author archives: The Epoch Times
Shipping Problems to Persist Through 2022 Amid Supply Chain Crisis: Economists
Roughly 77 ships are currently waiting outside docks in the Ports of Los Angeles and Long Beach, California, carrying a staggering $24 billion worth of goods waiting to be offloaded, CNBC reported, citing economists at Goldman Sachs.
Consumer Confidence Jumps as Labor Market Optimism Outweighs Inflation Concerns
U.S. consumer confidence rose in October after three consecutive months of declines.
Unilever Hikes Prices Fastest In Nearly a Decade Amid Inflationary Pressure: Report
Unilever said that in the third quarter it increased prices by 4.1 percent to “offset rising commodity and other input costs.”
US Businesses Turn to Automation Amid Labor Shortage
The shift to software, machines, and contactless methods was already underway in certain segments pre-pandemic, and the health crisis simply spurred on the process.
‘People Are Hoarding’: Executives Issue Warning on Possible Food Shortages
Some executives are issuing warnings that there might be food shortages nationwide due to supply chain bottlenecks.
Federal Reserve: Businesses Say Vaccine Mandates Are Hurting Employment
The Fed’s so-called Beige Book noted that the U.S. economy has been “dampened by a low supply of workers,” partially due to vaccine mandates.
Unemployment Claims Fall to Pandemic Low Amid Tight Labor Market
First-time filings for unemployment claims totaled 290,000 for that week ended on Oct. 16, reporting that the figure was down 6,000 from the previous week.
Zillow to Stop Buying New Homes for the Rest of the Year as It Struggles to Manage Backlog in Renovations
The company’s Chief Operating Officer, Jeremy Wacksman, said in a statement that Zillow will not be signing any new, additional contracts to buy homes through the end of the year.
Shipping Containers From Stranded Ships Abandoned in California Neighborhoods
Shipping containers are now reportedly being abandoned in California neighborhoods.