The U.S. trade deficit increased to a nine-month high in October due to rising oil prices and the widening of America’s long-standing deficits with China and Mexico. The worsening trade deficit came even as exports to China and Mexico were the strongest in more than three years, which some economists said challenged the Trump administration’s […]
The Dow Jones Industrial Average reached a record high on Monday, with banks and retailers surging and technology companies falling as investors realigned their portfolios in hopes of benefiting from expected corporate tax cuts.
It’s been a full week since ‘Cyber Monday’ came around on the calendar, once again netting record-breaking online sales. E-commerce retailers slashed prices and more shoppers than ever avoided the usual bedlam of brick-and-mortar stores, opting instead to shop online. But on the logistics side of the coin, last week was frenetic, with warehousing and […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 2, 2017, as well as volumes for November 2017. Intermodal rail traffic remains on pace to set a new annual record in 2017 with strong gains in November and last week marking the best rail intermodal week in history, […]
Canada is scrapping a plan to buy 18 Boeing Co (BA.N) Super Hornet fighter jets amid a deepening dispute with the U.S. aerospace company, three sources familiar with the matter said on Tuesday.
From meatless meats to digital twins, the latest “emerging trends” identified by Goldman Sachs Group Inc. include technologies and investing strategies that have been around for a while. “What happens when everything old becomes new again?” the bank asked Wednesday in the second edition of its “Outsiders” series, meant to help investors “separate the hype […]
Louis Vuitton is bringing in some robotic help for the holidays. The maker of $1,370 canvas duffle bags and $575 monogram belts has launched a “virtual adviser” on Facebook Messenger for U.S. clients, Palo Alto, California-based AI startup Mode.ai said in a statement Wednesday. The chatbot will answer queries for all things Louis Vuitton: searching […]
A decade after the start of the Great Recession, rural counties remain well below their pre-recession employment level. According to the Bureau of Labor Statistics, America’s rural counties have 770,000 fewer jobs in October 2017 than they did in 2007.
Target is bringing its first small-format store to the Dallas area next summer. The store will open in Preston Center in Dallas near upscale shoppers in Preston Hollow and the Park Cities.
The amount of freight hauled by the trucking industry in October rose 9.9 percent year-over-year, the largest increase since December 2013. According to the American Trucking Associations, which tracks freight volume in its For-Hire Truck Tonnage Index, freight numbers have been showing steady improvement compared with last year’s figures.
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