Following a federal judge’s order that rescinded the federal government’s mask mandate for travel, a significant number of companies moved quickly Monday to do away with the requirement. Major U.S. carriers such as American Airlines, United Airlines, Delta Air Lines, Southwest Airlines, Alaska Airlines, JetBlue, Frontier Airlines, and Spirit Airlines announced they would not require masks…
Masks Are Now Optional on These Airlines After Biden Mandate Struck Down
Uber Drops Masking Requirement for US Drivers and Passengers
Ride-sharing service Uber has announced it is relaxing its COVID-19 masking rules after a U.S. federal judge struck down a federal mask mandate for airplanes and other forms of public transportation. Uber said in a policy update on April 19 that, effective immediately, riders and drivers are no longer required to wear masks when using the…
China’s Zero-COVID Policy Is Raising Inflation and Cost of Goods Across the Globe
April 19, 2022
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Although China denies it, its draconian Zero-COVID lockdown policy is pushing up the cost of Chinese manufacturing as well as global production costs and inflation. China’s three major indicators of its Purchasing Managers’ Index (PMI) all fell below the critical mark in March. However, while both ends of production and demand were falling at the…
China’s ‘Zero-COVID’ Policy Is Raising Inflation Across the Globe: Analysts
April 19, 2022
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Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyeconomyinflationInflation PressureINSIDE CHINAsupply chain disruption
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News Analysis Although China denies it, its draconian “zero-COVID” lockdown policy is pushing up the cost of Chinese manufacturing as well as global production costs and inflation, analysts say. China’s three major indicators of its Purchasing Managers’ Index (PMI) all fell below the critical mark in March. However, while both ends of production and demand…
Many Employees Long to Stay Home Even as Workplaces Reopen
After two years in which remote work has seen an unprecedented renaissance, many workplaces are returning to in-person work. But for many employees, faced with rising costs and onerous commutes, the return to brick-and-mortar offices is far from welcome. Office occupancy, which hit an all-time low of 14.6 percent in April 2020, has slowly recovered…
US Companies Load Up on Costly Inventories as New Supply Snarls Loom in China
Through most of the pandemic, Kent International Inc. couldn’t import enough Chinese-made bicycles to supply Walmart Inc. and its other big U.S. retail customers. But in recent months, the New Jersey-based wholesaler and manufacturer built a nice buffer—about a 10-week supply at its three warehouses in California, South Carolina, and New Jersey, compared to the…
China’s Lockdown of Nearly 400 Million Set to Strike a Blow to Economy
April 16, 2022
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Factories have suspended production. Truckers are stuck on highways. Containers are piling up at ports. Shipping vessels have been waiting to unload. China’s economy is set to pay a price as the communist regime’s determination to stamp out the COVID-19 outbreak through harsh lockdowns have brought its manufacturing and commercial hubs, like Shanghai, to a…
Apple, Other Manufacturers Face Major Shipment Delays as CCP Quarantine Policies Squeeze Suppliers
Electronics giants like Apple, Dell, and Lenovo, will likely face serious shipping delays if the Chinese communist regime’s zero-tolerance COVID policies and subsequent lockdowns persist. The harsh restrictions are forcing manufacturers and suppliers to shut down, and closed loop arrangements become harder to maintain, analysts say. The CEOs of Huawei and XPeng are also warning…
Yet Another Analyst Sees Slowdown in PC Shipment Causing Headwind for Intel
April 15, 2022
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Citi analyst Christopher Danely saw Intel Corp. experience some headwinds as PC shipments fell below Citi’s estimates. Danely had a Neutral rating and a $55 price target on Intel (18.1 percent upside). Danely observed that March notebook shipments were up 33 percent month-over-month, missing the targeted 42 percent growth. For Q1, shipments fell 20 percent quarter-over-quarter, missing the 18…
Cocoa Bean Shortage Threatens Premium American Chocolatiers Ahead Of Easter
April 14, 2022
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Li-Lac Chocolates, New York City’s oldest surviving high-end boutique chocolatier, discussed the impact of the pandemic and recent supply chain snarls on business in an interview with The Epoch Times, as millions of Americans get ready to buy candy for their families this Easter. Christopher Taylor, CFO of Li-Lac Chocolates, said that his company managed…
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