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(Bloomberg) -- Drones buzz above traffic-clogged roads in Ordos, Inner Mongolia, as white-capped police officers attempt to manage lines of hundreds of trucks waiting to be loaded with cargoes of coal. Many have been there for days. Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureCities' Answer to Sprawl? Go Wild.Google’
- LA Times
Prices are so high — and consumers are so perplexed — that a Google search of "Why are gas prices going up?" has spiked this month.
(Bloomberg) -- Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel.Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyCities' Answer to Sprawl? Go Wild.Forget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureOne of California’s Wealthiest Counties Could Run Out of Water Next Sum
- American City Business Journals
Exxon was supposed to employ more than 1,400 across the two buildings in order to maintain tax incentives.
- Business Insider
In a small California town, gas prices hit $7.59 per gallon this week - more than double the national average, which is at a 7-year high.
(Bloomberg) -- President Joe Biden said Thursday night that Americans should expect high gasoline prices to continue into next year because of policies by OPEC and other foreign oil producers. Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyCities' Answer to Sprawl? Go Wild.Google’s Biggest Moonshot Is Its Search for a C
- Associated Press
For the first time in eight months, the global shortage of computer chips won’t force General Motors to close any North American factories. Phil Amsrud, senior principal analyst for IHS Markit who studies the chip market, said GM's move is a good sign, but doesn't signal the end of the chip shortage. GM’s plants being open may be more of a sign that the company is getting better at dealing with shortages by getting rid of some optional features and diverting those chips to other uses, he said.
(Bloomberg) -- Europe’s magnesium shortage could shutter industrial operations within weeks, threatening thousands of businesses and millions of jobs in sectors from cars to packaging, associations warned. Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureCities' Answer to Sprawl? Go Wild.Google’s Biggest Moonshot Is Its S
If you're at or nearing retirement age, it's possible your boss wants you to retire, but you just haven't gotten the memo. Some employers take a direct approach when encouraging workers to start their...
LONDON (Reuters) -The U.S. Commerce Department said on Thursday companies such as Intel and Infineon had signaled they would cooperate with a voluntary request for data on the chips crisis, but may make it compulsory depending on the number and quality of responses. The White House made the request to automakers, chip companies and others last month, saying the information would boost supply-chain transparency and help understand where bottlenecks exist.
Photo by Towfiqu barbhuiya on Unsplash Many Americans worry they’re not saving enough for retirement, and rightfully so. A recent Northwestern Mutual study found that 71% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor. The value of working with a financial advisor varies by person and advisors are legally prohibited from promising returns. Still, research suggests people who work with a financial advisor feel more at
- Motley Fool
Future retirees need to be realistic about the role Social Security will play in supporting them. This problem is why the chart below is the most important Social Security chart you'll ever see. It also shows the average Social Security benefits retirees received in each of those years.
- Business Insider
Coal jobs are nearly gone in West Virginia. It's 'coal culture' that's driving Manchin's resistance to Democrats' clean-energy plans.
The coal sector has been in decline in West Virginia for decades, but it's a powerful force in the state's identity and politics.
A trio of Swedish firms are developing a means of producing high-quality steel without releasing so much carbon dioxide -- and Volvo is already using it to build mining equipment.
- WLS – Chicago
Shares of Portillo's begin trading publicly Thursday.
For retirees and those who are getting close, big changes are on the horizon for 2022. Most consequentially, Social Security is getting a makeover with several big updates that will impact most of the...
PJM Interconnection, the largest U.S. power grid operator, could restrict how much some coal-fired plants can operate this winter if their fuel supplies fall below certain levels to ensure coal will be available in the case of a deep freeze in the eastern part of the country. Energy prices around the world are trading near multiyear highs as supplies of coal, oil and natural gas run short, causing power outages in China and utilities in Europe and Asia to scramble to buy fuel before the winter heating season. To help ensure power plants will be available when needed this winter, PJM said it may restrict steam units, which are generally coal-fired, from operating if they have less than 10 days (240 hours) of fuel supply available.
- Business Insider
Some retail and restaurant workers say abusive customers are one of the main reasons they quit retail work. Many won't return to the industry.
A Japanese company has launched an effort to introduce tipping culture across Japan to motivate employees and help restaurants that suffered losses amid the COVID-19 pandemic. Culture introduction: Tip Project is a new Japanese enterprise backed by several Japanese celebrities, including best-selling author Takafumi Horie, comedian Akihiro Nishino and YouTube personality Yoshihito Kamogashira, reported Kotaku. The new venture, which claims to help staff and industries hit by the pandemic, aims to introduce tipping culture across Japan, a country well-known for not taking tips from customers, according to the Japan National Tourism Organization.
Almost every week, another major automaker announces a billion-dollar-plus investment in battery manufacturing, and with it, thousands of new American jobs. Why it matters: Eyeing President Biden's climate agenda, carmakers are racing to create a domestic battery supply chain to support their aggressive rollout of electric vehicles by the end of the decade. Get market news worthy of your time with Axios Markets. Subscribe for free.They want to avoid another crisis like the current semiconductor