Dec 28 Watch 8:18 Why lumber costs fluctuated drastically during the pandemic, and how it affects inflation By Paul Solman, Lee Koromvokis Home prices and rents have gone up this year. That’s in part because of the increase in the cost of lumber. Could the wild swings in the price of wood over the past two years be a sign of inflation… Continue watching
Dec 27 Stocks slightly higher as traders return from holiday By Associated Press Stocks are opening higher in muted trading on Wall Street Monday as traders return from the Christmas holiday. Continue reading
Dec 23 Company seeks to restore oil lease on land sacred to tribes By Matthew Brown, Associated Press The Badger-Two-Medicine area near Glacier National Park is the site of the creation story of the Blackfoot tribes of southern Canada and Montana's Blackfeet Nation. Continue reading
Dec 23 Buttigieg doles out $241 million to U.S. ports to boost supply chain By Hope Yen, Associated Press It includes $52.3 million to help boost rail capacity at the port in Long Beach, California, and $20 million for Portsmouth, Virginia, to build out a supply chain for the offshore wind industry. Continue reading
Dec 22 $475 million settlement proposed in longest-running U.S. oil spill By Janet McConnaughey, Associated Press Sixteen wells off Louisiana have been leaking since September 2004, when a subsea mudslide caused by Hurricane Ivan knocked over a Taylor Energy Co. production platform. Continue reading
Dec 22 WATCH: Biden speaks on supply chain issues, economic growth By Associated Press Biden said that retail inventories are up 3 percent from last year and on-shelf availability for products is at 91 percent, close to where it was before the pandemic. Continue reading
Dec 22 U.S. Treasury Department creates pathway to send aid to Afghanistan By Josh Boak, Associated Press The licenses will enable the U.S. government, international organizations such as the United Nations and nongovernmental organizations to operate in the country and offer humanitarian assistance despite sanctions. Continue reading
Dec 22 Why Build Back Better likely wouldn't drive up inflation, according to an economist By Michael W. Klein, The Conversation One of Sen. Joe Manchin’s main concerns in deciding to pull his support for President Joe Biden’s Build Back Better plan is that it would drive up inflation. Here’s why one economist thinks those concerns are misguided. Continue reading
Dec 21 Kellogg strike comes to a close after workers ratify new labor contract By Associated Press Kellogg said Tuesday that the new contract provides immediate, across the board wage increases and enhanced benefits for all. It also provides an accelerated, defined path to top-tier wages, a major sticking point for workers. Continue reading
Dec 21 Omicron casts shadow over economy's pandemic recovery By Paul Wiseman, Anne D'Innocenzio, Associated Press A heightened sense of anxiety has begun to erode the willingness of some people and some businesses to carry on as usual in the face of the extraordinarily contagious omicron variant. Continue reading