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Everything you're waiting for is in these containers |
Virtually every US home contains items that came through the ports of Los Angeles or Long Beach. Read more » |
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New executive order aims to alleviate congestion at California's ports |
To alleviate cargo congestion at shipping ports in California, Governor Gavin Newson issued an executive order Wednesday tackling the shortage of truck drivers and container storage needed to move critical cargo out of the ports. Read more » |
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Supply chain stress is intensifying and showing no signs of fading, Moody's Analytics says |
From port congestion and price spikes to widespread shortages, stress in US supply chains is intensifying and could slow the economy in the coming months, Moody's Analytics warns. Read more » |
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How Verizon became the Dow's worst stock |
Verizon reported earnings that topped forecasts Wednesday morning and issued a more upbeat outlook for 2022. That's some much-needed good news for the company, which has been the Dow's worst-performing stock this year, falling about 10%. Read more » |
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Bitcoin surges to new record above $65,000 |
The bitcoin bull market is showing no signs of slowing down. Bitcoin, the world's most valuable cryptocurrency, hit a new all-time high above $66,000 Wednesday, topping the previous record set in April. Read more » |
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White House explores deploying the National Guard to ease supply chain crisis but is unlikely to use this option |
Facing a mounting supply chain crisis, the White House is exploring whether to deploy the National Guard to ease bottlenecks, though that option is viewed as unlikely, a person familiar with the matter told CNN. Read more » |
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