Medical marijuana company to bring $100 million, 400 new jobs to DeLand
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As retailers gear up for the holiday season, a record number of container ships trying to bring imported goods into the US are stuck off the coast of California, another casualty of ongoing disruptions to the global supply chain. Sixty-five vessels were waiting to dock at the ports of Los Angeles and Long Beach in the San Pedro Bay Sept. 16, according to the Marine Exchange of Southern California, a record high. Captain Kip Louttit of the Marine Exchange told Quartz that an unprecedented 23 of these ships are in a drift area—meaning there is no room for them to anchor in the water.
General Motors Co Chief Executive Mary Barra said Friday the largest U.S. automaker plans to make changes in its supply chain as it works to address the continuing semiconductor chip crisis that has forced significant production cuts. "We're going to make some pretty substantial shifts in our supply chain," Barra said in an online interview. A GM spokesman declined to comment further on how the company might shift its supply chain.
- Chicago Tribune
Chicago gas station owners say city inspectors shutting them down for minor violations and ‘racist reasons’
Multiple gas station and convenience store owners across Chicago are calling on the City Council to investigate what they allege are mass shutdowns of their businesses as part of Mayor Lori Lightfoot’s strategy to reduce violence. At a news conference earlier this week, about 15 owners gathered at the shuttered Falcon Fuel station in the Wrightwood neighborhood on the South Side. They alleged ...
- E! News
After being sued for $25 million, Erika Jayne was spotted shopping at T.J. Maxx this week, prompting some to criticize her bargain-hunting. However, Erika clarified, "I shopped there for years."
- Associated Press
Boasting that government policies can make a difference in improving the economy, President Joe Biden went too far Thursday in taking credit for job growth since taking office. Jeffery Born, an energy-markets expert at Northeastern University, said current gasoline prices are partly a result of production and refining capacity that was knocked offline by Hurricane Ida and other factors – even a shortage of tanker drivers.
- Motley Fool
Growth stocks tend to be volatile investments, and the market often overreacts to both their good and bad news. On the bright side, that occasionally creates buying opportunities for long-term investors.
- The Telegraph
The Duke of York has suffered an early setback in his US sex assault case after a judge refused to unseal a document that could invalidate the damages claim.
China, which makes 57% of the world's steel, plans to shrink its output this year—which means that chronic shortages of new cars and other products are likely to continue into the near future.
Much has ground to a halt during the coronavirus pandemic, but not the march of Sino-Congolese friendship. Or so the Chinese embassy in Kinshasha is keen to show, amid growing scrutiny of Beijing's activities in the mineral-rich nation.
- Yahoo Money
An expert told Yahoo Money what people should know about Social Security to help their retirement plans.
Like Relaxo, others in India Inc—especially those running massive factories—are making similar efforts.
When Ford Motor Co built its first factory in India in the mid-1990s, U.S. carmakers believed they were buying into a boom - the next China. Last week, Ford took a $2 billion hit https://reut.rs/3nFLvnF to stop making cars in India, following compatriots General Motors Co and Harley-Davidson Inc in closing factories in the country. Among foreigners that remain, Japan's Nissan Motor Co Ltd and even Germany's Volkswagen AG - the world's biggest automaker by sales - each hold less than 1% of a car market once forecast to be the third-largest by 2020, after China and the United States, with annual sales of 5 million.
- Yahoo Finance Video
MassMutuals $4M fine, Boeing pilot expected to face charges, France slams U.S.-Australia submarine pact
Yahoo Finance's Julie Hyman breaks down Friday’s business headlines.
- Washington Examiner
All facets affected, including marine vessels, trucking, warehousing, and rail.
Grocers already squirreling away Thanksgiving turkeys, Invesco reportedly in merger talks with State Street’s asset management business, Biden reframes his economic agenda as tax relief for working families, and other news to start your day.
- Associated Press
Prince Andrew can request the unsealing of a 2009 settlement agreement that his lawyer claims protects him from a lawsuit alleging he sexually assaulted a girl two decades ago, a U.S. judge said Thursday. Judge Loretta A. Preska in Manhattan said in a written order that the prince can seek the information to support arguments that the agreement between Virginia Giuffre and the late financier Jeffrey Epstein disallow her lawsuit against the prince. Epstein, 66, was found dead in his cell at a Manhattan federal jail in August 2019 while he awaited a sex trafficking trial.
(Reuters) -Apple Inc Chief Executive Tim Cook told an all-hands meeting of employees on Friday he planned to discuss U.S. immigration policy with U.S. Department of Homeland Security Secretary Alejandro Mayorkas later in the day, according to a source familiar with the meeting. During the meeting, Cook also told employees that a recent U.S. court decision in an antitrust case brought by "Fortnite" creator Epic Games hand resulted in a victory for Apple in nine out of 10 counts, the source said. The ruling amounted to "one or two sentences scratched out of an agreement" between Apple and developers on the App Store, the source cited Cook as saying.
It's an unfortunate truth that most people spend the lion's share of their waking hours at their jobs. Or at least, that's an unfortunate truth of most of us. Some others, though, are lucky enough to...
Citing supply chain challenges, IHS said it was cutting its light vehicle production forecast by 6.2% for 2021 and 9.3% for 2022, to stand at 75.8 million units and 82.6 million units, respectively. Packaging and testing operations within the semiconductor sector in Malaysia were impacted due to the government's lockdown measures in early June, IHS said, compounding difficulties in an already constrained supply chain. Automakers from General Motors to Japan's Toyota have slashed output and sales forecasts due to scarce chip supplies, made worse by a COVID-19 resurgence in key Asian semiconductor production hubs.
U.S. mining companies are blasting proposals in Congress that would set royalties for copper, lithium and other minerals extracted from federal land, with executives saying the measures would hurt domestic production of the building blocks for solar panels, electric vehicles and other green technologies. The House of Representatives Natural Resources Committee added language to the proposed $3.5 trillion reconciliation spending measure last week that would set an 8% gross royalty on existing mines and 4% on new ones.