M. Holland will be charging a fee to recover the reinstated Superfund Excise Tax for applicable U.S. orders starting July 1, 2022. Clients will be notified of details next week. Learn more about the tax in this Plastics News article.
M. Holland is sponsoring AMI’s Polymers in Cables on June 28-29 in Philadelphia, Pennsylvania. This conference covers the latest technical developments, manufacturing solutions and trends in the wire and cable industry. M. Holland is also hosting the event’s networking reception on June 28 at 5:30 pm ET!
If you’re attending AMI’s Polymers in Cables in Philadelphia, mark your schedule for M. Holland’s technical session:
About 18% of parents surveyed said they would get their children under age 5 vaccinated right after COVID-19 shots were authorized for the age group, compared to roughly 25% who said they never would.
First-time jobless claims were essentially flat last week at 229,000.
The 30-year mortgage rate rose to 5.81%, the highest in 13 years.
The Federal Reserve chairman gave the strongest indication yet that the central bank’s path of raising interest rates will cause a recession. A new paper from Federal Reserve economists, meanwhile, pegs the likelihood of recession at 50% within a year.
Drastic and unforeseen changes in market conditions are causing firms in various industries to pull job offers, a sign the tightest labor market in decades may be weakening.
U.S. mortgage applications rose 4.2% last week but were down over 10% from the same time last year:
Manhattan’s median monthly rent soared to $4,000 for new leases in May, a 25% year-over-year increase.
The IRS’s backlog of unprocessed paper tax returns was 21.3 million at the end of May, up 1.3 million from a year earlier as hopes dim for clearing the backlog this year.
COVID-19 infections are rising in multiple European countries including Germany, Italy and Spain, driven by the fast-spreading BA.4 and BA.5 subvariants of Omicron. Daily infections hit a two-month peak in France, while Portugal has the world’s second highest infection rate.
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