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Shopping
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Shopping in stores on the final Saturday before Christmas down 26% from pre-pandemic levels

Shopping in stores on the final Saturday before Christmas down 26% from pre-pandemic levels Via CNBC.com: A lack of foreign tourists opening up their wallets and another wave of coronavirus cases in some major U.S. cities weighed on shopper turnout on the final Saturday before Christmas, preventing it from bouncing back to pre-pandemic levels. Visits to retail stores dropped 26.3% on Saturday compared with the Saturday before Christmas in 2019, […]

today12/20/2021 16

electric vehicle
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Electric vehicle stocks tumble after Manchin rejects Biden’s climate and social plan

Electric vehicle stocks tumble after Manchin rejects Biden’s climate and social plan Via CNBC.com: Shares of electric vehicle companies tumbled Monday following the apparent failure of President Joe Biden’s “Build Back Better” plan that includes significant incentives for the growing sector. The stocks of EV start-ups such as Lordstown Motors, Faraday Future and Nikola all shed more than 7% Monday. Rivian Automotive, which went public through a blockbuster IPO last […]

today12/20/2021 20

Elon Musk
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Elon Musk says he will pay over $11 billion in taxes this year

Elon Musk says he will pay over $11 billion in taxes this year Via CNBC.com: Elon Musk faces a hefty tax bill this year — possibly the biggest in U.S. history. “For those wondering, I will pay over $11 billion in taxes this year,” the TeslaCEO tweeted on Monday. That’s close to a CNBC estimate that Musk was set to pay a total of $12 billion in taxes in 2021. […]

today12/20/2021 14

Reddit
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Reddit files to go public

Reddit files to go public Via CNBC.com: Reddit on Wednesday announced that it has confidentially submitted a draft registration statement with the Securities and Exchange Commission to go public. The social media company did not make the filing publicly available. The company also did not say how many shares would be offered nor the price range for the proposed offering. Although Reddit was created in 2005, it has taken a […]

today12/16/2021 30

Retailers
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Retailers face rising holiday-return costs due to supply chain issues

Retailers face rising holiday-return costs due to supply chain issues Via CNBC.com: Free returns are certainly not free for retailers. In fact, the cost of processing returns will increase this holiday season, according to logistics forecasts, especially against a backdrop of rising inflation, labor shortages and Covid precautions The average holiday return will cost retailers two-thirds of the original price for the item when factoring in labor, transportation and warehousing […]

today12/16/2021 13

solar industry
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U.S. solar industry will grow 25% less than expected during 2022 thanks to supply chain issues

U.S. solar industry will grow 25% less than expected during 2022 thanks to supply chain issues Via CNBC.com: The U.S. solar industry will grow 25% less than previously forecast during 2022 thanks to supply chain constraints and rising raw material costs, according to a report released Tuesday by the Solar Energy Industries Association and Wood Mackenzie. The quarterly update showed that prices continue to rise as the industry grapples with […]

today12/14/2021 44

Meat
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Meat sticker shock hits as the labor shortage continues

Meat sticker shock hits as the labor shortage continues Via Just The News: Prices for prime cuts of meat are up by as much as 25% with farmers and consumers taking the hit. Tom Eikman, owner of Eikman’s Processing in Seward, Illinois, a small-sized, third-generation meat processor, said that a shortage of skilled meat handlers and rising costs are plaguing the industry. “We need those individuals that can take a […]

today12/13/2021 16

Investors
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Investors brace for the highest inflation reading in nearly 40 years

Investors brace for the highest inflation reading in nearly 40 years Via CNBC.com: If the consensus is correct, the last time inflation was this high was in the early years of the Reagan administration – as the U.S. found itself amid a steep and persistent recession. The Labor Department on Friday morning will release November’s consumer price index, a gauge that measures the cost of dozens of items. The index […]

today12/10/2021 29

UPS
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UPS Lays Off 100s of Workers in Biden’s Hometown Scranton

UPS Lays Off 100s of Workers in Biden’s Hometown Scranton  Via Breitbart: UPS is laying off hundreds of workers in Atlanta, GA, Chicago, IL, Louisville, KY, and President Joe Biden’s hometown of Scranton, Pennsylvania. “UPS is transitioning some of the work currently done at one of our Global Business Services offices in Atlanta, GA, Chicago, IL, Louisville, KY, and Scranton, PA to another location,” UPS said. “We are having one-on-one meetings […]

today12/03/2021 16

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