Articles by tag: economy
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WALBRO AWARDED 43 PATENTS IN 2021 – 2022
Tucson, AZ, February 3, 2023 – Walbro, LLC continues to focus on innovation and protect its intellectual property. Walbro was granted 24 patents in 2021 and 19 in 2022 respectively. The new patents cover an array of products across our fuel systems and engine management business units. Walbro has been granted over 1900 patents since […]
The Need for Sustainability in Industry 4.0
What is Industry 4.0? A revolution that has many names, Industry 4.0 is the name of the 21st century technology boom that is creating advanced AI, robotics, and smart, connected devices. But how can industry 4.0 help change the way businesses conduct business? On this episode of “What Just Happened?“, host Christine Russo spoke […]
Secondary Ticket Market Prices Spike with LeBron James on the Verge of History
38,387 points. That’s the number of points scored by all-time NBA points leader Kareem Abdul-Jabbar. And all that separates LeBron James from surpassing that number is 36 points. LeBron’s career average is 27.2 points scored per game. That number puts James on pace to overtake Jabbar’s record on February 9 when the Lakers face […]
Why You Need to Pay Attention to the Rising Cost of Diesel
Welcome to 2023, a year of change. Given last year’s waves of inflation, many are hopeful this year will bring in lower prices and higher purchasing parity. However, while some markets in the U.S. are trending toward recovery, others, like grocery prices, are still on the rise. What might be happening behind the scenes […]
Real Estate Prices are Falling, but Interest Rates are Rising. Manhattan Real Estate Sales are Dipping as a Result…What’s in Store for the Future?
Housing prices soared during the peak of the pandemic in 2020 at a 30-year record-high appreciation rate of two percent between May and July. The price tags in real estate are finally falling a bit, but the interest rates are going the opposite way, says Forbes. What is the result? The industry is seeing some […]
How Rising Prices will Impact the Economic Forecast for Spring 2023
Global economies are still reeling and the results of that have shown up the year-end reviews of how several markets have performed. Tim Snyder, Economist at Matador Economics, recently discussed a few of these notable changes and his predictions for this spring. His economic forecast: a lot of fluctuation. For example, the energy complex recently started […]
Will Consumers Be Seeing Higher Prices as the Result of the Tightened Supply Chain?
Key Points: Consumers are going to see many more price increases by other producers as long as supply chain issues continue. Companies are trying to to figure out if these issues are temporary or if they’re the new normal. The biggest problem in the supply chain process is tension between companies hesitant to adapt […]
US Economy Adds 943,000 Jobs in July, Far Exceeding Expectations
The Bureau of Labor Statistics released the encouraging data on Aug. 6. Economists had predicted an addition of 870,000 jobs in July. Data for June was also updated and showed gains with 938,000 jobs added in that month. Economists seem optimistic about the U.S. economy’s recovery. “I have yet to find a blemish in this […]
3 Ways Extreme Heat Can Hurt the Economy
As dozens of cities in the West experience all-time high temperatures, 2021 is expected to have one of the hottest summers on record. The extreme heat has caused hundreds of deaths, sparked wildfires and worsened drought conditions in over a dozen states. Business Insider cites a large body of work that links heat to economic […]
Wingstop Shares Tumble After Chicken Wing Prices Start Soaring
(Bloomberg) — Wingstop Inc. is falling Wednesday despite a strong earnings report as investors increasingly fear inflationary risks as the price of chicken wings keeps rising. The Dallas-based chain saw its shares plunge as much as 10% at the open before bouncing back. They were down 4.5% at around noon. Price hikes could pressure its […]
Key Takeaways From the June U.S. Retail Sales Data
US Retail sales jumped .6% in June over May and 18% over June of last year. Tune in below as Stacey Widlitz, president of SW Retail Advisors, breaks down the June U.S. retail numbers and what they mean for the American economy. “I think what’s most interesting is a lot of brands are saying that’s […]
White House Optimistic About New Infrastructure Deal
Heather Boushey, member of the U.S. Council of Economic Advisers, says the Biden administration is optimistic about the infrastructure deal struck with a bipartisan group of senators. Watch below for more on the recent deal. Host: Let’s talk about first the bipartisan part of this and what this accomplishes, how much of the president’s plan […]