Business

In a sign of just how frenzied the container market has become, a freight forwarder is reportedly paying $135,000 per day for a short-term charter of the S Santiago, a 15-year-old container ship with a capacity of 5,060 twenty-foot equivalent units (TEUs).

Hourly compensation soared much more than expected in the first three months of the year, even as millions of Americans remained on unemployment roles or out of the workforce, data from the Bureau of Labor Statistics showed Thursday.

New analyses show the road to net-zero emissions by 2050 comes with significant but poorly understood economic and environmental costs. While efforts to quantify these impacts are starting to take shape, concerns are mounting over how to source the building blocks for the green economy.

President Joe Biden released three enormous spending plans within three months of taking office. These packages, each of which contain dozens of major provisions, should not be considered in isolation.

Elon Musk dominated the news cycle in early December when he announced he was moving his Tesla company from California to Texas.

The U.S. Chamber of Commerce is launching a new plan to address the 'crisis' shortage of workers that is says it holding back economic recovery from the pandemic.

Rising wealth in China and the number of millionaires and the middle class is set to increase through the midpoint of this decade as the country grows more affluent and smarter.

Environmental zealots who want to eliminate the fossil fuels that have powered prosperity in the United States are now using infiltration tactics to make oil giants embrace alternative energy.

Critics of the deal, announced Wednesday, say it would harm workers, consumers and U.S. democracy.

Americans overwhelmingly oppose expensive Green New Deal programs.