Charles Mizrahi, financial expert and author of “Wall Street Profits for Main Street Investors,” said that the current inflation is, in large part, due to the Biden administration injecting too much money into the market and will likely influence the midterm elections. Mizrahi has spent 37 years on Wall Street and now advises people on…
Inflation Largely Caused by Biden Administration Will Influence Midterm Elections: Charles Mizrahi
As Supply Chain Issues Persist, Champagne Set to Meet With Industry
OTTAWA—Canada’s industry minister is set to meet with companies desperate for solutions to ease the flow the goods over the border and across the country. Francois-Philippe Champagne agreed to the request that a consortium of manufacturers and exporters made just before the holidays. The coalition of 18 associations notes that many of the causes of…
Australian Supermarket CEO Warns Customers of ‘Gaps on the Shelf’ Amid Omicron Pressure
January 7, 2022
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The CEO of one of Australia’s largest supermarket retail chains has written to customers warning of product shortages during the current wave of the Omicron variant, which has led to high staff numbers isolating and gaps in the company’s supply chains. “Unlike the surge buying of early 2020 (who could forget the toilet paper), this…
Major Supermarket Hit by ‘Round Three’ of Supply Chain Disruption
Australian supermarket Coles has admitted that the spread of Omicron, combined with COVID-19 isolation rules, has impacted its supply chains once again. Matthew Swindells, chief operations officer of Coles, said it was experiencing “round three” of supply chain disruption during the ongoing pandemic. “If you recall, round one of COVID-19 was about toilet paper—essentially higher…
Ikea Raises Prices by Average of 9 Percent Across Global Markets as Pandemic Supply Chain Issues Persist
IKEA announced on Thursday that it will raise its prices by an average of 9 percent across its global markets after being hit with supply chain issues that are currently wreaking havoc across the world, prompting businesses to increase costs for customers. In a statement, Ingka Group, which owns most IKEA stores, noted that in the past…
Holiday Treats Expected to Cost More During Supply Chain Crisis
Plenty of chestnuts will be available for roasting on an open fire this season, but supply chain slowdowns are expected to affect the cost and availability of many other holiday treats across the country during the holidays. Making “George Washington’s Eggnog,” a popular online recipe, could be a pricey treat this year. The recipe calls…
US Offers $1.5 Billion for School Meals During Supply Chain Crunch
CHICAGO—The Agriculture Department is providing up to $1.5 billion to help school meal programs weather the supply chain crunch, Agriculture Secretary Tom Vilsack said on Friday. Procuring large amounts of food has become difficult because of delays in shipments, a lack of certain products, high costs, and labor shortages during the COVID-19 pandemic. USDA is…
Long Beach Breaks Through the Supply Chain Bottleneck
The quantities of cargo containers waiting to be delivered at the Port of Long Beach have experienced close to a 40 percent drop compared to a peak in late October. The ease of the supply chain bottleneck is attributed to a combination of efforts made by private citizens and the city government. “Cargo aging at…
NTD Business Full Broadcast (Dec. 16)
December 16, 2021
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The White House unveils a trucking plan to address supply chain issues — and get more truckers on the road. How does it plan to do that? NBA legend Michael Jordan is launching a fan site based on blockchain, how would it work? And central banks rethinking their ultra-easy monetary policies — in the face…
Ships Continue to Flood the LA Ports
December 6, 2021
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LOS ANGELES—Cargo ships waited in record numbers to offload goods at the nation’s busiest ports this week as officials again delayed the start of a new system that would fine shipping companies for storing containers at the busy terminals. An influx of 96 container ships were waiting in line to offload at the Los Angeles…
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