American economy

Here's why Home Depot and Lowe's are booming in a housing market meltdown

Here’s why Home Depot and Lowe’s are booming in a housing market meltdown

A home improvement contractor works on a home in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-induced highs, home improvement retailers like Home deposit and Lowe’s doesn’t seem to feel the same pain. In fact, they’re doing better than expected. Although home …

Here’s why Home Depot and Lowe’s are booming in a housing market meltdown Read More »

Here's why it may take a while for housing inflation to cool

Here’s why it may take a while for housing inflation to cool

An ‘open house’ flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Dinner Allison | Getty Images There are signs that inflation could fall further in the coming months, but housing threatens to dampen any improvement. The consumer price index, a key barometer of inflation, rose 7.7% in …

Here’s why it may take a while for housing inflation to cool Read More »

Canceled sailings from China and 'drastic' ship cuts affect US ability to reach export market

Canceled sailings from China and ‘drastic’ ship cuts affect US ability to reach export market

Shipping containers at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California on April 7, 2021. Lucy Nicholson | Reuters An increase in canceled or canceled departures from Asia to the United States is hitting some of the largest domestic ports, including the Port of Long Beach …

Canceled sailings from China and ‘drastic’ ship cuts affect US ability to reach export market Read More »

The global shipping industry faces a new problem: too many containers

The global shipping industry faces a new problem: too many containers

Trends in global supply chains continue to reverse as container prices fall and container depots fill up, according to logistics data. Sasin Tipchai | 500Px | Getty Images While there was a shortage of containers at the height of the pandemic, the global economy is now facing the opposite problem: too many containers. In addition …

The global shipping industry faces a new problem: too many containers Read More »