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Global Trade & Economics: Page 217
Shoppers Spend Less, Leaving Companies That Deliver Goods Empty for the Holidays
People increasingly want to spend their money in stores, which is bad news for parcel and last-mile delivery companies that benefitted from the online-shopping boom.
U.K. Retail Sales Rise But Stores Could Face Difficult Christmas
Analysts said October's rise could be a "false dawn" and the key Christmas trading period could be "difficult."
Enel to Build Massive Solar Panel Factory in U.S.
The factory will also manufacture solar cells, the building blocks for solar panels and a component not currently produced in the U.S.
Chip Maker Nvidia Issues Tepid Earnings Forecast
Graphics chip maker Nvidia said its gaming-segment sales more than halved during the fiscal third quarter and its revenue dropped 17%.
Target Cuts Outlook, Misses Big on Profit as Its Shoppers Retrench
Target also unveiled a plan to save as much as $3 billion by streamlining operations, but stopped short of mass job cuts.
China Vows to Make Stabilizing Growth a Higher Priority
Recent COVID outbreaks and the “complicated international environment” mean that “arduous efforts” will be needed to ensure economic growth stays on track in the fourth quarter.
Port of Los Angeles Cargo Volume Down 6% so Far in 2022
Cargo volume at the Port of Los Angeles dropped in October as the Port handled 678,429 Twenty-Foot Equivalent Units (TEUs), a 25% decrease from October 2021.
China Plays Down Protests Against CPEC at Gwadar Port
Protestors are threatening to block the CPEC projects if their demands, which included banning illegal trawling in Gwadar, are not met within a week.
U.S. Warehouse Sector Loses Jobs for Fourth Month in Cooling Sign
Even after the recent drop, warehouse and storage employment remains well above its pre-pandemic levels.
The Battery Supply Chain Is Finally Coming to America
Redwood Materials Inc., the battery recycling company, has reached a deal to supply Panasonic with billions of dollars in critical battery components that will be produced in the U.S. for the first time.
Are the U.S. and Europe on Different Economic Trajectories? The Cost of Energy Is the Key
These two giants of the world economy may well be on very different economic paths. In short, the U.S. has secure access to cheap energy and Europe does not.
Black Friday Deals Arrived Early for Many Shoppers This Year
Retailers are dangling big sales well ahead of Black Friday, in a sharp reversal from a period in which scarcity allowed stores to charge full price for many products.
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