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Fastest Consumer Price Increase Since 1982—6.8% Jump in November

New data show inflation rising at fastest pace in 40 years under Biden admin.

Southern California’s Container-Ship Backlog Moves Farther Out to Sea

Authorities say strong winds and rough seas have forced them to keep ships farther apart and away from the ports of Los Angeles and Long Beach.

Markets Brace for Highest Inflation Print in 39 Years

Inflation numbers due to be released later Friday by the U.S. Bureau of Labor Statistics (BLS) are expected to show consumer prices rising at their fastest pace since 1982, with investors bracing for what could be a market-moving data drop.

Apple Signed $275 Billion Contract with China to Avoid Crackdown

Apple CEO Tim Cook reportedly signed a $275 billion deal with China in 2016 in order to prevent a crackdown by the communist government on its vast business in the country. The Masters of the Universe committed to “grow together with Chinese enterprises to achieve mutual benefits and a win-win situation.”

Will ‘iBuying’ Ever Replace Traditional Real Estate Sales?

After three successful home sales, Daniel Edwin and his wife were getting ready to sell again, but this time, the Atlanta couple knew they didn’t want to go the traditional route.

New Pfizer Board Member Is Ex-Facebook Director

Dr. Susan Desmond-Hellmann – a member of Pfizer Inc.’s Board of Directors – previously served as the Lead Independent Director at social media giant Facebook. The site has routinely censored posts relating to COVID-19 vaccines, with Pfizer in particular eliciting support from major corporate outlets.

Unit Labor Costs Surged in 3rd Quarter, Adding to Signs of Persistent Inflation

U.S. unit labor costs rose sharply in the third quarter, while productivity declined at its fastest pace since 1960, adding to signs of persistently high inflation.

Biden Plan to Combat Corruption Includes New Real Estate Rules

The White House’s new plan to combat corruption—both domestically and overseas—seeks to, among other things, add new regulations on the real estate industry.

Business economists expect high inflation through 2023

Business economists expect  inflation to increase in the fourth quarter and stay elevated for years, according to a new survey.

Christmas Tree Prices Surge Up To 30% Due To Supply Chain Crunch, Shortage Of Truck Drivers

Christmas tree prices are surging as suppliers are struggling to meet demand. Supply chain issues, extreme weather and a growing shortage of truck drivers amid fears of mass firings due to Joe Biden’s vaccine mandate has led to higher prices for both real and artificial trees. Tree prices have spiked upwards of 30%, industry officials told the AP.

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