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BUSINESS

COVID Lockdowns Cut 98% of Tesla’s April China Sales, Production Also Hard-Hit
As China continues implementing citywide lockdowns in Shanghai and Beijing in order to uphold its “zero-COVID” policy, car sales saw a record decline last month as the country’s unbending COVID protocols take a severe toll...
China’s Belt and Road Initiative Is Losing Money All Around the World
Now in its ninth year, the ambitious Belt and Road Initiative (BRI) may be on the verge of collapse.  The Chinese Communist Party (CCP) first introduced the BRI as a way to globalize China via...
US Firms Report Huge Dip in China Sales as Beijing Continues ‘Zero-COVID’ Measures
Several major companies, including Starbucks, Apple, Estee Lauder, and other U.S.-listed companies have warned in quarterly earnings reports that China’s “zero-COVID” controls will severely drag down profit and impact business.  International companies have faced a...
USTR Begins Review of Four-Year China Tariffs, Hints at Potential Lifting of Restrictions
The Office of the U.S. Trade Representative (USTR) announced Tuesday, May 3, that it will begin a statutory review of American tariffs imposed on Chinese products ahead of their expiration in July. The review comes...
US diesel prices hit a 25 year high as truckers are paying $1,200+ to fill up, driving inflation.
Truckers Spending $1,200+ to Fill Up as US Diesel Prices Set 25-Year High
The price of ultra low sulfur diesel (ULSD) in the United States not only suddenly broke sharply away from the price of regular gasoline, but set a new 25-year high according to new data released...
Russian Gas Exports Soar Even as Kremlin Requests Payment in Rubles
As the invasion of Ukraine continues into its third month, Russia has continued to supply a large amount of gas to many European countries. However, the aftermath of sweeping financial sections from Western powers has...
China Hints at Respite in Regulatory Crackdown on Tech Firms
Leading Chinese officials are scheduled to have a conference with the country’s big tech companies in May The meeting has renewed hopes that Beijing will end or ease its sweeping regulatory crackdown on the country’s...
Indonesia extended its worldwide export ban on palm oil to include crude palm oil, increasing global food shortage and inflationary pressures.
Oil Used in Oreos and Toothpaste Becomes 10% More Expensive After Indonesia Bans Exports
Just days after Indonesia, the world’s largest exporter of the world’s most widely used vegetable oil, palm oil, relaxed markets by announcing an export ban set to come into effect April 28 would only be...
The Understated, Yet Massive Power of Asset Management Firms BlackRock and Vanguard
Commentary Until recently, economic competition was the driving force for small and large companies across the United States and throughout the world.  Since the mid-1970s, however, two corporations — Vanguard and BlackRock — have gobbled...