M. Holland has announced expanded access to 3D printing filaments from Braskem, a global chemical company, providing clients with access to polyethylene (PE) and glass fiber reinforced polypropylene (PP) filaments. Click here to read the full press release.
Are you attending the North American Detroit Auto Show this week? We invite you to join our networking reception at the Detroit Athletic Club on Thursday, Sept. 15, at 4 pm. To RSVP for our reception or set up a meeting with our Automotive team, please contact Mike Gumbko, Strategic Account Manager.
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Oil prices rose over 1% on Monday as supply concerns mount ahead of winter.
In mid-morning trading today, WTI futures were down 2.8% at $85.36/bbl, Brent was down 2.9% at $91.30/bbl, and U.S. natural gas was down 0.2% at $8.23/MMBtu.
Germany paid 10% more for 46% fewer exports by volume from Russia in July, a reflection of the soaring price for oil and gas.
Italy’s main business lobby is in talks with the government about gas rationing; the Netherlands is spending $150 million to help residents with energy bills; and Paris is shutting the lights off early at its iconic Eiffel Tower — all examples of EU nations scrambling to devise their own strategies to deal with an energy crunch.
Gazprom’s newest LNG plant will start sending cargoes to Greece, which is at odds with Europe’s plan to cut its Russian gas dependency by two-thirds this year.
The U.S. reported 60,185 new COVID-19 infections and 328 virus fatalities Monday. The daily average for new cases is down 24% from two weeks ago to the lowest level since May, though a lack of home testing reporting could skew the data.
New York Times and NBC employees have vowed to work from home in protest over back-to-office requirements that began this week.
Inflation eased less than expected in August, with the Consumer Price Index up 0.1% compared with the prior month and 8.3% over the prior year, sending stock futures lower in premarket trading. U.S. online prices jumped 2.1% in August after declining in July for the first time in two years, according to Adobe.
Mastercard says U.S. spending growth this holiday season will likely slow to 7.1% from 8.5% last year as inflation reduces demand. Deloitte shares similar forecasts.
The U.S. workforce hit 164.7 million people in August, topping 2019 levels for the first time of the pandemic.
Deposits at U.S. banks fell by a record $370 billion in the second quarter, the first decline since 2018, even as banks continue to sit on more deposits than needed after a two-year influx of pandemic cash savings.