Author name: admin

Weekday Wrap: Oregon Still Feels Drought;  foreign markets within reach of state food and beverage manufacturers

Weekday Wrap: Oregon Still Feels Drought; foreign markets within reach of state food and beverage manufacturers

Precipitation lags in Oregon as drought persists Hot, dry weather persisted through mid-October, driving an early rainfall deficit across most of Oregon’s river basins, especially those in the central and southern parts of the state, where drought conditions are the worst. But climate experts say there’s still plenty of time to catch up and La …

Weekday Wrap: Oregon Still Feels Drought; foreign markets within reach of state food and beverage manufacturers Read More »

US gas prices plunge toward $3 a gallon as global demand plummets

US gas prices plunge toward $3 a gallon as global demand plummets

Comment this story Comment Gasoline prices are dropping so fast it’s starting to put real money back in motorists’ pockets, defying past projections and delivering an unexpected holiday treat. Refueling is now as cheap as it was in February, just before Russia’s invasion of Ukraine sparked a global energy crisis. AAA reported the national average …

US gas prices plunge toward $3 a gallon as global demand plummets Read More »

House Speaker Nancy Pelosi, D-Calif.

House must act to avert freight train strike to save economy

WASHINGTON — The House overwhelmingly passed legislation Wednesday afternoon that would help avert a freight railroad strike that the White House says could cripple the U.S. economy — 30 years after Congress last intervened. in an impending rail closure. Lawmakers also passed a related measure that would grant an additional seven days of paid sick …

House must act to avert freight train strike to save economy Read More »

401(k) Hardship Withdrawals Hit an All-Time High of 'Worrying', Says Vanguard

401(k) Hardship Withdrawals Hit an All-Time High of ‘Worrying’, Says Vanguard

Amid stubbornly high inflation, a record proportion of Americans are turning their 401(k) accounts into emergency piggy banks, according to Vanguard. Dissecting data from a sample of about 5 million employer-sponsored 401(k) accounts that Vanguard manages, the researchers said that 0.5% of account holders made difficult withdrawals in October. It’s a “worrying” all-time high, said …

401(k) Hardship Withdrawals Hit an All-Time High of ‘Worrying’, Says Vanguard Read More »

Here's How High Prices Really Affect Consumers During The Holidays

Here’s How High Prices Really Affect Consumers During The Holidays

Apparently, all the media is beating the drum about the high costs of vacation-related goods and services. It is as it should be. After all, giving consumers an idea of ​​what their holiday budget faces in December is very helpful, especially as the cost of goods rises in a highly inflationary economy. What is less …

Here’s How High Prices Really Affect Consumers During The Holidays Read More »

Economists say rampant retail theft is worsening inflation and threatening bleeding businesses

Economists say rampant retail theft is worsening inflation and threatening bleeding businesses

The upsurge in organized retail theft will shutter storefronts and further increase costs for consumers already struggling with high inflation, economists at the Heritage Foundation have said. “If businesses can’t raise their costs to cover the cost of the flight, if they don’t make a profit, then they’re going to shut down,” said Andrew Puzder, …

Economists say rampant retail theft is worsening inflation and threatening bleeding businesses Read More »

Yellen says 'no plans' to step down as Treasury secretary, sees 'possible' soft landing for US economy

Yellen says ‘no plans’ to step down as Treasury secretary, sees ‘possible’ soft landing for US economy

Treasury Secretary Janet Yellen said Wednesday she had “no plans” to step down from her post amid continued talk of the former Fed chairman’s role in the Biden administration. Speaking at the New York Times Dealbook Summit in New York, Yellen said: “I am committed to staying [as Treasury Secretary]. I have no intention of …

Yellen says ‘no plans’ to step down as Treasury secretary, sees ‘possible’ soft landing for US economy Read More »

China EV stocks rise above key level as Great Overhang begins to lift

China EV stocks rise above key level as Great Overhang begins to lift

Sales of electric vehicles in China are expected to increase in a seasonal November, with Nio (NIO) is poised to rebound as supply headwinds ease and new models surge. XPeng (XPEV) surged on Wednesday, driving Chinese electric vehicle stocks sharply higher after a better-than-expected fourth-quarter delivery outlook. More signs emerged on Wednesday of a shift …

China EV stocks rise above key level as Great Overhang begins to lift Read More »