Baby Formula Shortage Affects New Parents With Increasing Prices And Lack Of Availability
A baby formula shortage in the US is hurting young parents across the country. How did this ever happen? Years ago in Hong Kong laws were enforced to prevent Chinese visitors across the border from carrying more than two cans of formula out of Hong Kong and into China. This flood of formula out of…
Industry Group Says Biden’s Plan to Tackle Trucker Shortage Doesn’t Do Enough to Address Key Problem
A representative for an independent truck driver association told Fox Business that the Biden administration’s plan to fix the trucker shortage fails to adequately address the key problem of driver retention. Collin Long, Director of Government Affairs for the Owner-Operator Independent Drivers Association (OOIDA), told Fox in an interview that “the biggest problem, as far…
Biden Fails to Mention Labor Shortage in Remarks
President Joe Biden delivers remarks on the economy and the Labor Department’s September jobs report at the White House in Washington, D.C., October 8, 2021. (Evelyn Hockstein/Reuters) President Biden did not mention a labor shortage in remarks following the release of a disappointing jobs report from the Bureau of Labor Statistics on Friday. Biden blamed…
Argentina Central Bank’s Sudden Dollar Shortage Sparks Fears Of Mass Corporate Credit Crisis
By Tyler Durden Despite Emerging Markets’ recent surge higher on the heels of a dumping dollar and massive global liquidity injections, at least one country is facing crisis rather than crescendo. MSCI Emerging Market stocks have soared… Source: Bloomberg YPF, a 99-year-old oil company that some have called Argentina’s flaghship company, is threatening a large-scale…
Stung By Chip Shortage, VW Loses Production Of "Tens Of Thousands" Of Vehicles In China
Volkswagen has been the latest automaker to be hit hard by the semiconductor shortage that is sweeping its way through the auto industry. The company has reportedly lost “tens of thousands” of vehicles in production in China as a result, according to Bloomberg. VW’s China head, Stephan Wollenstein, commented Wednesday: “It was hurting us already in…
Toyota Halts Production In China Due To Global Semiconductor Shortage
An ongoing global chip shortage has finally started to wreak havoc with the auto industry, which has become far more reliant on semiconductors due to “smart cars”, than it ever has been. On Tuesday, it was reported that Toyota has stopped its factory lines in Guangzhou, China as a result of lack of semiconductors. This comes…
Global Semiconductor Shortage Sparks Fear Of Production Delays For Smart Devices
Reuters reports a global chip shortage is developing. Manufactures of automobiles and electronic devices are “sounding the alarm” about the shortages, which has triggered production delays. Industry insiders say the shortage has a couple of causes, including US sanctions on Huawei Technologies, plant fire in Japan, supply chain disruptions in Southeast Asia following coronavirus lockdowns,…
Google Searches For “Reloading Ammo” Explode Amid Nationwide Shortage
By Tyler Durden Americans are panic searching again. This time it’s not where to buy toilet paper online, but instead learning more about reloading ammunition as the virus pandemic and social unrest has sparked shortages of ammo and guns. Ever since the first round of virus lockdowns that began in March, ammunition prices have surged because of…
Google Searches For ‘Reloading Ammo’ Explode Amid Nationwide Shortage
Americans are panic searching again. This time it’s not where to buy toilet paper online, but instead learning more about reloading ammunition as the virus pandemic and social unrest has sparked shortages of ammo and guns. Ever since the first round of virus lockdowns that began in March, ammunition prices have surged because of unprecedented demand. Some…
Traders On Edge As China Faces $900 Billion Liquidity Shortage
In all the recent noise surrounding the presidential elections, the pandemic, the state of US fiscal stimulus, and a possible vaccine it is easy to forget that what really matters for the global economy is neither US fiscal or monetary stimulus, nor who the US president is, but rather what China does: after all, recall…