Auction prices for used heavy-duty trucks are starting to decline after 18 consecutive months of increases, according to J.D. Power.
Shipping congestion is keeping nearly half the world’s chemical tanker capacity stuck at ports, Clarksons Research says.
A trimmed-down bill to spur U.S. semiconductor production with $52 billion in incentives could start moving in the Senate today. The finished bill will likely restrict firms from taking funds if they also are building or expanding advanced chip manufacturing in China.
Last-mile delivery revenue could jump from $70 million this year to over $670 million by 2030, ABI Research predicts.
The U.S. reported 122,639 new COVID-19 infections and 336 virus fatalities Monday. Cases are rising in 40 states — primarily in the Great Plains, West and South — while hospitalizations surged 20% the past two weeks.
While private sector employment in the U.S. surpassed pre-pandemic levels in June, overall employment remains 524,000 lower as state and local governments struggle to attract and retain workers in the tight labor market.
Workforce participation among older workers aged 55-64 fell by 400,000 early in the pandemic before returning to pre-pandemic levels this year. Fears are growing that resurging COVID-19 infections could again force them into early retirement.
Despite saving an estimated 20 million lives globally in their first year of use, injected COVID-19 vaccines have not stopped the virus’s spread or mutation, leading researchers to focus on versions that can be swallowed or inhaled closer to the point of incubation.
More news related to the war in Europe:
H&M, the world’s second largest apparel retailer, announced plans to fully exit the Russian market at a cost of roughly $200 million and 6,000 staff.
Europe’s GDP could fall up to 1.5% this year if the EU fails to take preventive measures to save energy this winter, according to bloc estimates.
Broadly rising interest rates are pushing down home prices in some of the world’s hottest housing markets for the first time in the pandemic.
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