M. Holland is excited to be the Headline Sponsor for the upcoming Injection Molding & Design Expo in Detroit! This two-day trade show will highlight the latest technologies, materials, equipment and opportunities in injection molding. The event is May 25-26 and admission is free. Click here to learn more.
How can healthcare organizations improve the environmental impact of their healthcare packaging, increase the recyclability of products and reduce overall waste? Read the insight from our experts here.
M. Holland’s 3D Printing group offers a rapid response alternative for producing selected parts where resin availability is tight. For more information, email our 3D Printing team.
Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets.
Oil prices fell about 2.5% Tuesday on prospects of lower demand from China.
U.S. natural gas surged 9% Tuesday to the highest level since 2008, as storage levels remain tight and European demand soared to an April record ahead of tightened sanctions that could lower Russian deliveries.
In mid-morning trading today, WTI futures were up 3.8% at $106.30/bbl, Brent was up 3.7% at $108.90/bbl, and U.S. natural gas was up 4.9% at $8.35/MMBtu.
The U.S. reported 61,743 new COVID-19 infections and 745 virus fatalities Tuesday.
COVID-19 cases rose at least 50% last week in eight states, including Washington, Georgia, Maine and Hawaii.
COVID-19 cases among American children were 61% higher last week than the two weeks prior.
New York state officials warned of two new subvariants of Omicron spreading about 25% faster than the BA.2 subvariant. The new subvariants now account for over 90% of infections in central New York. Research suggests the variants are better able to dodge immunity from vaccination or previous infection.
A new wave of COVID-19 erupted just five days after Puerto Rico lifted all restrictions, with daily cases now around 4,000 compared to 200 in March.
The Federal Reserve is expected to deliver its first half-percentage-point rate hike since 2000 today, along with plans to start reducing its $9 trillion asset portfolio that more than doubled during the pandemic.
Poorer tech earnings and a combination of economic headwinds led to one of the worst stock market routs in a decade last month:
The U.S. will extend by 1.5 years the expiring work permits of hundreds of thousands of immigrants, a bid to aid worker shortages.
The median price for a single-family home hit $368,200 in the first quarter, up 15.7% from the same time last year. Foreclosure filings are up 132% from a year ago.
In the latest news from first-quarter earnings season:
Pfizer saw first-quarter sales rise a larger-than-expected 77% to $25.7 billion, driven by sales of pandemic products.
U.S. car renter Avis posted a 77% rise in first-quarter revenue to $2.4 billion, an all-time high.
Despite promising revenue gains from first-quarter ridership, shares of ride-hailer Lyft fell 26% in late trading yesterday after it said it would boost spending in the current quarter to attract and retain drivers, raising concerns about operating profit.
Airbnb expects to post its first full-year net profit after first-quarter revenue climbed 70% on high demand for longer stays at expensive suburban rentals.
Global insurance conglomerate AIG saw profits rise almost 10% on fewer catastrophe losses and higher premiums, while Prudential swung to a $31 million loss on investment losses and charges related to high interest rates.
Electric-vehicle startup Rivian will get $1.5 billion from the state of Georgia for a massive new factory near Atlanta.
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