GE’s Sales Decline 3%, Hit by Supply-Chain Woes

GE’s Sales Decline 3%, Hit by Supply-Chain Woes

This post was originally published on this siteThe conglomerate projected a return to sales growth in 2023 as its aviation business begins to recover.

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Intel to Invest at Least $20 Billion in U.S. Chip-Making Facility

Intel to Invest at Least $20 Billion in U.S. Chip-Making Facility

This post was originally published on this siteIntel plans to invest at least $20 billion in new chip-making capacity in Ohio, bolstering its semiconductor production ambitions as greater demand for digital products and a global chip shortage have amplified the need for more manufacturing.

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Texas says supply chain issues have limited the number of voter registration forms it can give out

Texas says supply chain issues have limited the number of voter registration forms it can give out

This post was originally published on this site The Texas secretary of state’s office is having more trouble than usual getting enough voter registration cards to groups who help Texans register to vote. Sam Taylor, assistant secretary of state for communications, said supply chain issues have made it harder and...

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TSMC to Boost Chip Production With Up to $44 Billion Investment

TSMC to Boost Chip Production With Up to $44 Billion Investment

This post was originally published on this siteThe world’s largest contract chip maker said that it has set 2022’s capital expenditure budget at $40 billion to $44 billion, a record.

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Is Inflation a Microeconomic Problem? That’s What Biden’s Competition Push Is Betting

Is Inflation a Microeconomic Problem? That’s What Biden’s Competition Push Is Betting

This post was originally published on this siteEfforts to boost the economy’s supply side such as in meat and shipping might underplay bigger forces, such as excess demand.

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Grocery stores still have empty shelves amid supply chain disruptions, omicron and winter storms

Grocery stores still have empty shelves amid supply chain disruptions, omicron and winter storms

This post was originally published on this siteFood shortages are continuing in 2022 and are being reported nationwide. They impact produce, meat, cereal, canned goods and more as inflation rises.     

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Consumer Demand Seen Driving Import Surge During Holidays

Consumer Demand Seen Driving Import Surge During Holidays

This post was originally published on this siteEconomists estimate the U.S. trade deficit hit a record in November due to strong demand and an easing of supply-chain issues.

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Rental-Car Shortage Drives Up Prices and Wait Times

Rental-Car Shortage Drives Up Prices and Wait Times

This post was originally published on this siteA shortage of rental cars that emerged earlier this year is getting worse, with Hertz, Avis and other providers struggling to meet demand and charging more.

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Thanks to the Chip Shortage, Texas Instruments Is Worth $170 Billion

Thanks to the Chip Shortage, Texas Instruments Is Worth $170 Billion

This post was originally published on this siteEven in the digital age, analog chips such as those the company makes in Texas are essential, and they are in short supply.

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US trucking’s conundrum: Driver shortage or retention problem?

US trucking’s conundrum: Driver shortage or retention problem?

This post was originally published on this site The tight US labor market has not spared the trucking industry, where “help wanted” pleas are plentiful, wages are on the rise, and drivers recently have scored signing bonuses of up to $20,000. In an economy that hauls more than $12 trillion...

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