M. Holland is exhibiting during the WAI Operations Summit & Wire Expo on June 7-8 in Dallas, Texas. This event focused on wire and cable manufacturing offers industry forecasts, technical presentations, networking and more. Join us at Booth #621 to learn more about our supply solutions for wire and cable.
Nick Chodorow has joined M. Holland as Chief Innovation Officer. In this role, Nick will lead efforts to enhance the company’s technology platforms and accelerate its digital journey. Click here to read the full press release.
Oil prices settled higher Friday, with Brent ending the week up 6% compared to a 1.5% gain for WTI.
The EU’s agreement on an embargo on Russian oil sent crude prices higher in mid-morning trading today, with WTI futures up 2.8% at $118.50/bbl and Brent up 1.8% at $123.90/bbl. U.S. natural gas was down 3.4% at $8.43/MMBtu.
The average U.S. gasoline price hit $4.619 a gallon Monday, a new record high and 52% above a year ago.
A 10-week strike at a Chevron refinery in Richmond, California, has ended.
Less than half of Phoenix’s public pools are opening this summer due to a shortage of lifeguards, exemplifying the nation’s continued labor shortage that will hit businesses particularly hard during peak summer months.
The unemployment rate in 17 states in the Midwest, South and Mountain West reached a record low in April.
Single-family home sales fell sharply by 16.6% in April, the slowest rate of sales in two years.
Dell’s revenue rose a larger-than-expected 17% in the first quarter as more enterprises bought its computers to support hybrid work.
Norwegian Air agreed to buy 50 Boeing 737 MAX 8 aircraft and possibly another 30, ending a contract dispute that almost saw the airline switch to Airbus.
Efforts to build a network of public chargers to service millions of electric vehicles are faltering as states drag their feet on disbursing financial support.
Chattanooga saw a surge of new residents during the pandemic, spurred by remote working opportunities in one of the nation’s first municipalities to install a citywide fiber-optic gigabit internet cable.
“Top Gun: Maverick,” originally scheduled for release in 2019, brought in $156 million at the box office last weekend, a Memorial Day record and encouraging sign for beleaguered theaters.
Spain’s central bank expects that the EU could take as much as a 4.2% hit to its economy following a ban on Russian gas and oil imports.
Eurozone inflation hit 8.1% in May, up from 7.4% the prior two months.
China’s factory activity contracted at a slower pace for the month, as some virus curbs were lifted in key manufacturing hubs, with its official manufacturing purchasing managers index falling to 47.4 in April from 49.5 in March.
German import prices surged 31.7% in April, the fastest pace since 1974.
China’s effort to build a sweeping trade and security pact with 10 neighboring island nations has stalled. A renewal of the nation’s free trade agreement with Switzerland has also stalled.