Red Sea container shipping is experiencing increased disruption, according to Maersk, which predicts that capacity between Asia and Europe would be reduced by up to 20% in the second quarter.
Sectors
Joe Biden Administration Sanctions Colombian Maritime Companies Preying on Vulnerable Migrants Seeking to Enter US
The administration of President of Joe Biden has implemented visa restrictions on executives of several Colombian maritime transportation companies accused of exploiting vulnerable migrants seeking to enter the US.
Joe Biden Administration to Provide $285 Million for a First-of-Its-Kind 'Digital Twin' Chip Research Institute
The administration of President Joe Biden has allocated some $285 million in funding from the CHIPS Act to pioneer a digital twin technology institute specifically for semiconductors.
Americans Brace for Another Round of Higher Housing Costs, NY Fed Survey Shows
Americans are preparing for another wave of increased housing expenses, according to the Federal Reserve Bank of New York.
US Banks See Loan Demand Drop, Fed Survey Says
US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey.
Latest News
Hims & Hers CEO Andrew Dudum clarified that he does not condone violence, antisemitism, or intimidation.
Over 1,100 flights faced delays or cancellations on Monday at Denver International Airport due to strong wind gusts that swept through the state.
A complaint reveals Lululemon's marketing-environmental impact discrepancies, citing a significant rise in greenhouse gas emissions since the "Be Planet" campaign's started in 2020.
The ruling upheld an earlier decision of a judge, who ruled that Apple violated a law in 2022 by blocking union flyers and coercively interrogating employees about their pro-union activities.
Boeing scrubbed its attempt to launch its Starliner capsule named ‘Calypso’ on May 6, which was supposed to be a break for Boeing’s issues in its passenger jet operations.
Boeing is facing a new FAA investigation. The probe was triggered after it admitted possibly missing some required inspections for the 787 Dreamliner.
Elon Musk announces new job cut round, making Tesla enter its 4th week of layoffs. More and more employees are becoming hopeless.
New York proposes legislation to allow liquor stores to sell non-alcoholic drinks amid pandemic challenges.
Robinhood received a warning from the Securities and Exchange Commission regarding potential legal action over its cryptocurrency operations. This signals regulatory scrutiny, focusing on alleged violations of Sections 15a and 17a of the Securities Exchange Act of 1934.
