The global shipping industry faces a new problem: too many containers

Trends in global supply chains continue to reverse as container prices fall and container depots fill up, logistics data shows. Sasin Tipchai | 500Px | Getty Images What has happened now is that the cargo is back ‘on time’ and so you will see a delay in new orders… Andrea Montic Chief executive, Sogese “There … Read more

Healthy infants at significant risk of RSV hospitalization: study

Diane Macdonald | Stock byte | Getty Images Even healthy infants are at significant risk of hospitalization from the respiratory syncytial virus, according to a large European study published Thursday. Dutch and British scientists found in a study published in Lancet Respiratory Medicine that 1.8% of healthy babies are hospitalized with RSV before their first … Read more

Why technology spending will rise even as inventories run out and layoffs fall

Bloomberg | Bloomberg | Getty Images With recent earnings from major tech companies and mounting headlines about industry layoffs, tech investors may be feeling a little confused: Is the tech-led economy on the brink of falling off a recessive cliff? Stocks like Amazon.com and Microsoft was distressed after missing analysts’ growth forecasts for their cloud … Read more

Where the economy shows signs of slowing near recession levels

Inflation continues to suck up much of the oxygen in earnings calls, and whether it’s PepsiCo making more from less volume per unit or Apple finding the time to charge more from service subscribers, the largest companies still have the opportunity to pass on price increases to customers, and many expect it to remain so. … Read more

Real-time updates on the Fed’s major rate hike and Jerome Powell’s press conference

It’s ‘premature’ to think about a Fed break, says Powell Jerome Powell clarified that the Fed is not considering pausing its rate hikes. “It’s very premature to think about pausing. People who hear ‘lags’ are thinking about a break. It’s very premature, in my opinion, to think about or talk about pausing our rate hikes,” … Read more

Next winter will be more challenging, oil CEOs warn

PCK Schwedt oil refinery in Schwedt, Germany on Monday, May 9, 2022. Krisztian Bocsi | Bloomberg | Getty Images ABU DHABI, United Arab Emirates — Politicians and governments around the world are bracing for potential civil unrest as many countries grapple with rising energy costs and rising inflation. The global economy is facing an attack … Read more

Homebuilders say steeper downturn will come as buyers pull out

A worker drills plywood into a single-family home under construction in Lehi, Utah, on Friday, January 7, 2022. George Frey | Bloomberg | Getty Images The once-warm housing market is cooling off at an alarming rate, with some homebuilders saying things will only get worse in the new year as new orders dry up. Rapidly … Read more

Omicron subvariants show resistance, putting some people at risk

Emerging omicron subvariants are resistant to major antibody treatments for HIV patients, kidney transplant recipients and other immunocompromised people, making them particularly vulnerable to Covid this winter, the White House warned this week. “With some of the new subvariants emerging, some of the key tools we had to protect immunocompromised people like Evusheld may not … Read more

Fed’s ‘three-stage pivot’ will take place in 2024, QE benefits Wall Street – Nomi Prins

(Kitco News) – According to Nomi Prins, financial expert and bestselling author, the Federal Reserve, which tightened its monetary policy stance during the year, will turn by 2024 due to an economic slowdown. “I think [The Fed’s] The last increase of the year will be below 75 basis points,” she said. “Sometime in … Read more

People with mild Covid had an increased risk of blood clots: UK study

A patient receives a coronavirus disease (COVID-19) test at Sparrow Laboratories Drive-Thru Services in Lansing, Michigan, Dec. 27, 2021. Emily Elconin | Reuters People who contracted mild cases of Covid-19 during the first year of the pandemic had a higher risk of developing blood clots than those who were not infected, according to a large … Read more