Gas prices are the highest they have been in seven years, and they are going to keep on climbing through winter. Across the entire United States, the current average price for a gallon of gas is $3.37. The last time it averaged $3.37 a gallon was Sept. 17, 2014, according to records kept by AAA….
Honeywell Cuts Full-Year Sales Target on Parts Shortage
Honeywell International Inc. on Friday cut its full-year sales forecast, as global supply chain disruptions cause a shortage of parts and components for the U.S. industrial conglomerate. Closed ports due to a resurgence of COVID-19 cases in Asia, aggravated by the fast-spreading Delta variant, and labor shortages have strained global supply chains as well as…
Daimler CEO Hopes to Stabilize Supply Chain This Quarter
October 23, 2021
admin
Business & EconomyCEOchainCompaniesdaimlerEconomieseconomyEuropeLocal NewsMichiganOla KaelleniusRegional-Local NewssupplyTechUSUS NewsWorld
0 Comment
DETROIT—Daimler AG Chief Executive Ola Kaellenius told Reuters on Friday the automaker hopes to stabilize its supply chain for semiconductors during this quarter, but expects real relief from shortages of chips will not arrive until 2023. Kaellenius, who is visiting Mercedes operations in the United States, said production of Mercedes vehicles during the fourth quarter…
US Stock Options Traders See Smooth Sailing as Fed Taper Looms
October 23, 2021
admin
Business & EconomyCompaniesEconomieseconomyFedInvestmentLocal NewsMarketsNew YorkNY NewsRegional-Local NewsstocktapertradersUSUS News
0 Comment
NEW YORK—Options traders are showing little fear that U.S stocks will turn volatile in coming weeks, even as the Federal Reserve appears set to announce an unwind of the easy money policies that helped equities double from last year’s lows. The Cboe Volatility Index, known as Wall Street’s fear gauge, recently stood at 15.52 after…
US Drops Tariff Threat in Digital Tax Transition Deal With European Countries
October 23, 2021
admin
Asia & PacificBusiness & EconomyCompaniesdealdigitalEconomieseconomyEuropeEuropeanIndiaInternationalLocal NewsMedia & Big TechMiddle EastRegional-Local NewsSocial MediaSouthern CaliforniatarifftaxTechTech NewsthreatUKUSUS NewsWorld
0 Comment
PARIS/WASHINGTON—The United States on Thursday withdrew its threat of tariffs against five European countries over their digital services taxes as part of a deal to manage the transition to a new global tax regime for large highly profitable corporations. Austria, Britain, France, Italy, Spain will get to keep their digital taxes in place until a…
Nasdaq, S&P 500 End Lower, Dragged Down by Communications Services
October 23, 2021
admin
Business & EconomycommunicationsCompaniesEconomieseconomyIntelInvestmentLocal NewsMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsS&PservicesSNAPUSUS News
0 Comment
The S&P 500 and Nasdaq closed lower on Friday as disappointing quarterly reports from Snap Inc. and Intel Corp. put pressure on the communications and technology sectors and investors turned skittish as Federal Reserve Chair Jerome Powell discussed stimulus tapering. The Dow managed to end the day with a record closing high for the first…
Dow Posts Record Closing High, Stocks Gain for 3rd Week; Dollar Dips
October 23, 2021
admin
Asia & PacificBusiness & EconomyCompaniesDollarDowEconomieseconomyEuropeGainHighInternationalInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsstocksTexasUSUS NewsWorld
0 Comment
NEW YORK—The Dow Jones industrial average registered a record closing high on Friday and major equity indexes posted a third straight week of gains while the U.S. dollar slipped. On the day, MSCI’s broadest gauge of global shares was flat, and the S&P 500 and Nasdaq ended lower. Stocks came under pressure after Federal Reserve…
Barclays Third Quarter Profit Doubles Amid Global Merger Frenzy
LONDON—Barclays reported on Thursday a doubling of third-quarter profits, beating market expectations, as it followed Wall Street rivals in reaping bumper investment banking fees from a surge in advisory mandates and equities trading. The British bank posted profit before tax of 2 billion pounds ($2.8 billion) for the July-September period, better than the 1.6 billion…
American, Southwest Flag Inflationary Risks After Reporting a Travel Rebound
October 23, 2021
admin
American AirlinesBusiness & EconomyCompaniesEconomieseconomyinflationary pressuresMarketsSouthwest AirlinesUS
0 Comment
American Airlines and Southwest Airlines on Thursday warned mounting inflationary pressures could overshadow strong holiday demand and delay a complete return to profit. Both the Texas-based carriers posted a smaller-than-expected loss in the third quarter, but said rising fuel prices as well as higher labor costs are hurting earnings in the quarter through December. Oil…
Powell Says Inflation Risks Rising, but Fed Can Be ‘Patient’
WASHINGTON—Federal Reserve Chair Jerome Powell said Friday that the tangled supply chains and shortages that have bedeviled the U.S. economy since this summer have gotten worse and will likely keep inflation elevated well into next year. The Fed is not yet prepared to lift its benchmark interest rate, he said, though he suggested that the…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`