Dozens of U.S. temperature records were broken last week as a band of heat moved over much of the country, according to the National Weather Service. High temperatures are forecast to linger for several days in the Pacific Northwest, with heat reaching up to 110°F in some inland areas, while Seattle, Portland and parts of Northern California could see temperatures break daily records by Tuesday. Residents living near Yosemite National Park were forced to evacuate as California’s Oak Fire grew to more than 14,000 acres Sunday.
The global shipping market may face a container surplus as large as 6 million TEUs following two years of intensive ordering.
The corporate supply-chain finance market grew 38% to $1.8 trillion last year as more companies offered lending to cash-strapped vendors, many of whom saw delayed payments during the early days of the pandemic.
Surging inflation in the U.S. is causing more people to switch jobs, with job hoppers in the latest quarter enjoying an average wage hike of 6.4%, versus an average 4.7% increase for those who stayed in their present jobs, the biggest gap in 20 years.
The rising cost of living in the U.S., along with inflated housing prices and a surging dollar, are prompting many Americans to relocate to Europe, with Italy, Portugal, Spain, Greece and France receiving the highest number of expats.
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