Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets.
M. Holland will be closed Friday, Dec. 23 and Monday, Dec. 26, in observance of Christmas.
Oil rose almost 3% Wednesday on news of a larger-than-expected draw in U.S. crude stockpiles.
In mid-morning trading today, WTI futures were down 0.6% at $77.86/bbl and Brent was down 0.6% at $81.67/bbl.
U.S. natural gas rose 4% Wednesday on expectations of higher demand in an upcoming cold snap. Futures were down 2.0% at $5.23/MMBtu today.
U.S. crude stocks fell by a larger-than-expected 5.89 million barrels last week, according to the Energy Information Administration. Inventories are 7% below the five-year average for this time of year.
Minnesota and New York are among states tapping federal funds to help households struggling with rising heating costs this winter.
Global investment in electric-vehicle charging infrastructure hit $28.6 billion this year, up 228% from 2021 with China seeing the largest gains.
Canada is floating a measure to require 20% of all new cars sold in the country to be electric by 2026 and 100% by 2035. Electric vehicles comprised just 7.2% of Canadian car sales in the first six months of this year.
Initial jobless claims rose last week by a less-than-expected 2,000 to 216,000, while the government raised its estimate of third-quarter GDP growth from 2.9% to 3.2%.
The U.S. current account deficit narrowed 9.1% to $217.1 billion in the third quarter as exports jumped to a record high.
Shopper visits to many retail segments, including apparel and electronics, are down this holiday season, according to foot-traffic analyses.
Year-over-year credit card balances jumped 15% last quarter, the biggest increase in over two decades. High interest rates are hitting new borrowers especially hard, with around 20% of 18-to-20-year-olds in collections.
Sales of previously owned U.S. homes fell for a 10th straight month in November by 7.7%, extending a record decline to a 2.5-year low.
U.S. mortgage rates declined to a three-month low of 6.34% last week while home-purchase applications fell.
Global mergers and acquisitions plummeted 37% to $3.66 trillion this year after hitting an all-time high of $5.9 trillion last year, as dealmakers predict a slow path to recovery in 2023.
Europe’s economy showed surprising resilience with a GDP gain of 1.7% in the first three quarters of 2022, compared with a gain of just 0.2% in the U.S.
German financial officials expect economic activity to remain subdued in the fourth quarter of this year and the first quarter of 2023 before inflation starts declining. German consumer confidence rose more than expected this month, new data shows.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
This cookie is installed by Google Analytics.
A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The pattern element in the name contains the unique identity number of the account or website it relates to.
Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services.
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.