Experts are warning about possible trouble coming for the restaurant industry if conditions don't change.
(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’
(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
- Washington Examiner
An ongoing push to ban natural gas appliances in California cites a university and environmental group report that used misleading science to help their argument, according to an industry report.
- 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.
Oil tumbled on Thursday as a forecast for a warm U.S. winter put the brakes on a rally that drove prices to a three-year high above $86 a barrel early in the session on tight supply and a global energy crunch. Winter weather in much of the United States is expected to be warmer than average, according to a National Oceanic and Atmospheric Administration released Thursday morning. "The report, indicating drier and warmer conditions across the southern and eastern U.S., is putting pressure on the complex," said Bob Yawger, director of energy futures at Mizuho.
(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.
- Business Insider
Americans seem to be facing shortages at every turn. Here's everything you need to know about what's causing the supply-chain crisis.
- American City Business Journals
Exxon was supposed to employ more than 1,400 across the two buildings in order to maintain tax incentives.
- Associated Press
Maricopa County officials approved a settlement Wednesday with a restaurant owner in metro Phoenix who claimed in a lawsuit that then-Sheriff Joe Arpaio’s office had defamed him and violated his rights about seven years ago when investigating whether employees at his restaurants used fraudulent IDs to get jobs. The $5 million settlement with Uncle Sam’s owner Bret Frimmel came weeks after officials signed off on a separate $400,000 settlement to resolve similar claims brought by Uncle Sam’s manager Lisa Norton. Frimmel and Norton were arrested by Arpaio’s office in January 2014 on employment-related identity theft charges that were dismissed after a judge ruled one of Arpaio’s detective recklessly disregarded the truth in affidavits used to get search warrants and ultimately found that there was no probable cause to back up the warrants.
- Rolling Stone
Hannah Archuleta, 19, says she was shipped off to the ranch in Escalante, Utah, when she was 17 after appearing on an episode of Dr. Phil
- Robb Report
The 747's Trent 1000 turbofan engine ran solely on unblended biofuel that reduces carbon emissions by 80%.
Rome is drawing up an offer to try to convince Intel to invest billions of euros in an advanced chipmaking plant in Italy, as Germany emerges as frontrunner to land an even bigger megafactory planned by the U.S. company, three sources said. The plants would be part of a drive by the U.S. group to build cutting-edge manufacturing capacity in Europe to help avoid future supply shortages of the kind currently crippling the automotive industry in particular. Rome is already in talks with Intel about the potential investment, which according to preliminary estimates would be worth more than 4 billion euro ($4.7 billion), the sources who are involved in the discussions said.
LONDON (Reuters) -Britain's energy market faces an absolute massacre that could force at least 20 suppliers into bankruptcy in the next month alone unless the government reviews the energy price cap, Scottish Power Chief Executive Keith Anderson said on Thursday. Natural gas prices have spiked this year as economies reopened from COVID-19 lockdowns and high demand for liquefied natural gas in Asia pushed down supplies to Europe, sending shockwaves through industries reliant on power. Around 13 British suppliers have collapsed in recent months, forcing more than 2 million customers so far to switch providers.
- 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.
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.