Tag Archives: chains

COVID-19 lockdowns in China threw a wrench into global supply chains earlier this year, causing shipping and production delays worldwide, and hindering economic growth. Now, the country is facing another major threat—and this one could be even worse for the economy. China has been coping with its worst heat wave in 60 years this month, with temperatures in several provinces routinely reaching 40°C (104°F). But one key province is experiencing the worst financial repercussions from the… Source link

KFC (YUM) is continuing its partnership with rapper (and Kentucky native) Jack Harlow. On Tuesday, the fast food chain announced the new “Jack Harlow Meal,” which will drop at KFC locations nationwide beginning June 6. The combo meal, hand-selected by Harlow himself, includes the brand’s spicy chicken sandwich, mac & cheese, secret recipe fries, a side of ranch, and a lemonade. “From releasing ‘Come Home the Kids Miss You’ and now launching my own meal at KFC, I’m having a super blessed… Source link

Transportation Secretary Pete Buttigieg acknowledges already fragile global supply chains have been dealt a twin blow from Western sanctions on Russia for its war on Ukraine and fresh lockdowns in China due to renewed COVID-19 outbreaks. “Well, they are major curveballs for the economy and for the supply chain,” Buttigieg told Yahoo Finance. “And this is exactly why we’ve been so focused on making our supply chains more resilient. We don’t know what the next shot is going to be — a… Source link

Transportation Secretary Pete Buttigieg told Yahoo Finance Live supply chain bottlenecks at the country’s major ports will likely persist for the foreseeable future.  “We are definitely seeing some immediate impacts of the immediate steps that we have taken, but the honest answer I can give you, as long as the pandemic continues, there will be disruptions,” Buttigieg explained.  The supply chain bottlenecks triggered by the pandemic continue to have multiple effects on the U.S. economy.  For… Source link

The situation in which employers find it hard to hire and the supply chain crisis forces businesses to hike prices is likely to persist for at least 6 to 12 months, one bank chief said. “The realities of things like… wage pressures… supply chain pressures… all these things are going to continue to contribute to this wage inflation that we’re seeing,” Wells Fargo CEO and President Charles Scharf told Yahoo Finance’s Andy Serwer at the annual Milken Institute Global Conference.  Noting… Source link

Supply chain tightness is causing heightened concern over the growth of the U.S. economy while companies mired in trucking and shipping delays scramble to find alternative routes. “The supply chains are everything at this point,” Frances Donald, global chief economist and global head of macroeconomic strategy at Manulife Investment Management, told Yahoo Finance Live (video above). “It’s never been harder to create an outlook for the fourth quarter in large part because we have absolutely no… Source link

TipRanks 2 Big Dividend Stocks Yielding 7%; Analysts Say ‘Buy’ Let’s talk about defending your portfolio. It’s a common impulse for most investors, when the economy starts to turn sour. We’re in a growth phase now, with economic activity rebounding strongly from the corona-crisis shutdowns, and with reopening getting into full stride, economists are predicting up to 8% GDP expansion this year. But there are clouds on the horizon. Inflation is rising, and the April jobs report was,… Source link