Articles by tag: US

Post-Brexit, the U.K. is eager to fill the void of the European Union’s single market and tax reliefs with fresh free trade agreements. This included discussions with the U.S., which moved forward this week, maybe not to the U.K.’s liking, with meetings between U.S. President Biden and PM Johnson. Though Johnson made it a “priority”…

Even with parts of the country being hit hard by a wave of the Delta variant of COVID-19, the outlook for the jobs market appears to be on an upward swing. In July, nonfarm payrolls skyrocketed, increasing by more than 940,000 as the unemployment rate dipped to just under 5.5%, according to a recent report…

(Bloomberg) — Shares of Nikola Corp., the pre-production truckmaker whose founder was charged last week with misleading investors, fell after the company lowered its initial vehicle delivery projections and warned of nagging supply chain issues. Chief Executive Officer Mark Russell told analysts on a conference call Tuesday the startup is facing “numerous” delays acquiring parts…

Earlier in July, the Biden Administration dropped another hammer with its new “right to repair” executive order. With the ultimate goal of increasing competition across the US economy, this new executive order forces the U.S. Federal Trade Commission to draw up new rules & regulations protecting the right & ability of consumers to repair their…

(Bloomberg) — Automakers’ sales soared in the second quarter as resurgent consumers snapped up sport utility vehicles and pickups, but thin inventories created by the global semiconductor shortage are tempering the pace of the industry’s recovery. General Motors Co., Toyota Motor Corp. and others said Thursday that their sales soared in the most recent quarter,…

Even with retail struggling through a difficult 2020 in the wake of the COVID-19 pandemic, a monthly Global Port Tracker report, published by NRF and Hackett Associates, suggests that the United States may still set records for retail imports. These imports are measured in Twenty-Foot Equivalent Units, or TEU, which equal roughly one shipping…