Category Archives for News

John Deere strike: What to know

It’s been nearly a week since more than 10,000 United Auto Workers members walked off the job at John Deere plants in several states after rejecting the agriculture equipment giant’s latest contract offer.As Deere & Co. employees at 14 facilities spanning Colorado, Georgia, Illinois, Iowa and Kansas take part in the company’s first strike in 35 […]

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Homebuilders More Optimistic About Housing Market Despite Supply Chain Problems

The nation’s homebuilders aren’t seeing any relief from supply chain issues that have slowed construction recently, but high buyer demand appears to be making up for it.Builder confidence in the single-family home construction market rose 4 points to 80 in October on the National Association of Home Builders/Wells Fargo Housing Market Index. That is still […]

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Colin Powell, former secretary of state, dead at 84 from COVID-19 complications

Gen. Colin Powell, the influential former secretary of state and chairman of the Joint Chiefs of Staff who played a pivotal policy role during the administration of then-President George W. Bush, died Monday at 84 from complications related to COVID-19, his family announced.”We have lost a remarkable and loving husband, father, grandfather and a great […]

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Bellwether Banks Bust Through Profit Estimates

The four largest U.S. consumer banks posted another strong quarter this week as the rebounding economy allowed them to release more cash they had set aside for pandemic losses, while sizzling deals, equity financing and trading also boosted their bottom lines.JPMorgan Chase, Citigroup, Wells Fargo and Bank of America Corp. — seen by analysts and […]

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Consumers seeing some food prices go ‘through the roof,’ grocery store CEO says

Prices for ‘luxury’ food items are hitting consumer wallets, Stew Leonard’s CEO saysThe CEO of Stew Leonard’s noted on Wednesday that prices for some food items, like meat and seafood, have been increasing at supermarkets, attributing the rise to transportation delays, worker shortages and increased labor costs.During an interview on “Varney & Co.,” Stew Leonard […]

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Debt Limit Hike Heads to Passage in House

A majority of the U.S. House of Representatives on Tuesday voted to pass legislation raising the Treasury Department’s borrowing limit to $28.9 trillion, averting a debt default that otherwise could have occurred around Oct. 18.President Joe Biden is expected to promptly sign the bill into law. The new level of borrowing authority is expected to […]

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JPMorgan’s Dimon says supply chain woes ‘will not be an issue next year’

JPMorgan Chase CEO Jamie Dimon expressed optimism Monday that the U.S. economy will soon recover from supply chain issues that have plagued companies and consumers in recent months.”I should never do this, but I’ll make a forecast,” Dimon said during a virtual appearance at the Institute of International Finance’s annual conference. “This will not be […]

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Kraft Heinz says people must get used to higher food prices

People will have to get used to higher food prices, the boss of Kraft Heinz has told the BBC.Miguel Patricio said the international food giant, which makes tomato sauce and baked beans, was putting up prices in several countries.Unlike in previous years, he said, inflation was “across the board”.The rising cost of ingredients such as […]

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Fauci Slammed for Claiming It’s ‘Too Soon’ to Consider Christmas Gatherings

​​Dr. Anthony Fauci was under fire on Sunday for suggesting Americans might have to spend Christmas alone in 2021.On CBS’s “Face The Nation,” Fauci spoke with anchor Margaret Brennan about the status of the coronavirus pandemic and what is expected in the months to come. Specifically, Brennan wondered if families can gather for Christmas. “We […]

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Kleinfeld: Can Investors Depend on Electric Vehicles?

​The catchphrase “Save-the-Planet” evolved over the last five decades into a sacred chant of “Stop-The-Climate-from-Changing.”The dire predictions in the 1970s of a coming ice age have since morphed into the frightening peril of global warming. In turn, it was mystically transformed into one of the imminent, existential threat of fossil fuel emissions ending the world […]

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