A restaurant owner from Buffalo, New York, told Fox Business on Monday that chicken wings are getting more expensive because farms are struggling to deal with a national labor shortage. Greg Duell, the co-owner of Duff’s Famous Wings, told Fox Business that wing prices from his supplier were up 99 percent and that they couldn’t keep…
Restaurant Owner Blames Labor Shortage for 99 Percent Increase in Chicken Wings Prices
Rising Prices and Investments: A Close Look at How Retirement Accounts Can Be Impacted During Periods of Inflation
Inflation increased by 5 percent from May 2020 to May 2021, as reported by the U.S. Bureau of Labor Statistics. The projected inflation for the coming year sits at 2.26 percent. Still, those saving for retirement and considering their future are frequently feeling nervous. Perhaps rightly so. “While a moderate and consistent degree of inflation…
FedEx to Test Package Deliveries With Self-Driving Startup Nuro
FedEx and robotics company Nuro on Tuesday announced a multi-year agreement to test self-driving vehicles in the package delivery company’s network, starting with a pilot program in Houston. The partnership comes as parcel companies race to reduce the cost of last-mile delivery, which surged during the pandemic. The companies will target delivery scenarios where Nuro’s…
German Industry Group Criticizes China Over New Sanctions Law
June 15, 2021
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Anti-Foreign Sanctions LawBusinessChinaChinese RegimeEconomiesEuropeexport marketshuman rights abusesInternational RelationsInvestmentWorld
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BERLIN—Germany’s powerful BDI industry association criticized China on Tuesday for passing the Anti-Foreign Sanctions Laws, which it said sent a worrying signal to investors and companies abroad. China is one of the most important export markets for German companies outside the European Union’s single market, but concerns over human rights abuses and a crackdown in…
Gas Prices Hit New Yearly High, Driven by Cost of Crude Oil
Gas prices hit a nationwide average of $3.08 per gallon on Monday, driven by the cost of crude oil. Crude oil passed $70 a barrel, the highest price since October 2018, according to the American Automobile Association (AAA). Price per barrel has jumped $23 per barrel since January. The rising cost per gallon of gas stems…
Australian Mining Magnate in the Hotseat for World’s Largest Hydro Project
One of Australia’s wealthiest individuals, Andrew “Twiggy” Forrest, is in the hot seat to develop the world’s largest hydroelectric project in central Africa. On Wednesday, the mining magnate’s company, Fortescue Metals Group, confirmed discussions were already underway between Forrest and the Democratic Republic of Congo (DRC) government. Under current arrangements, Forrest’s Fortescue Future Industries (FFI)…
Warren Buffett’s Top Tips for Beating Inflation
By Brian Baker From Bankrate.com Warren Buffett has been thinking about inflation for a long time. The legendary 90-year-old investor had the dangers of inflation drilled into him by his Republican Congressman father, according to biographers, and has repeatedly commented on the subject throughout his investing career. “We’re seeing very substantial inflation,” Buffett said at…
How Major Credit Card Networks Protect Customers Against Fraud
By Tim Maxwell From Bankrate.com Credit card fraud ranked as the second most common form of identity theft in 2020, according to the Federal Trade Commission (FTC), trailing very close behind government/benefits fraud. The agency fielded 393,207 reports last year, up 45 percent from 271,823 in 2019, from consumers whose credit card accounts were compromised…
Owner of Over 100 US Malls Files for Bankruptcy
Washington Prime Group, the corporation which owns more than 100 U.S. malls, filed for bankruptcy on June 13 citing financial woes tied to the CCP virus pandemic. “The COVID-19 pandemic has created significant challenges for many companies, including Washington Prime Group, making a Chapter 11 filing necessary to reduce the Company’s outstanding indebtedness,” the company…
Australia, UK Inch Towards Free Trade Deal As Prime Ministers Meet
June 14, 2021
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AustraliaAustralia-UK tradeBoris JohnsonBusinessEconomiesInternationalPrime Minister Scott MorrisonUKWorld
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Australia and the UK are inching towards finalising a free trade deal with leaders from both countries soon to announce an in-principle agreement. An in-principle agreement is a step-up from a Memorandum of Understanding and is legally enforceable, demonstrating the progress last-minute negotiations over the past six weeks are having. Australian Prime Minister Scott Morrison…
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