More than 1 million barrels a day of Russian oil exports are set to be upended by Western sanctions expected to come into force within weeks, shipments Moscow will struggle Read more
Tag: Corporate/Industry Exports
Intel CEO says U.S. crackdown on chip exports to China was ‘inevitable’
LAGUNA BEACH, Calif. — Intel Corp. INTC, +0.78% Chief Executive Pat Gelsinger said that recently imposed U.S. restrictions on semiconductor-industry exports to China were inevitable as America seeks to maintain technological leadership Read more
White House prepping new export restrictions for semiconductors
The Biden administration is preparing new export controls on semiconductors and the machines to make them, the latest push in its effort to deny China the ability to make the Read more
U.S. trade deficit in goods shrinks fifth month in a row. Strong dollar dings exports
The numbers: The U.S. trade deficit in goods narrowed for the fifth month in a row to $87.4 billion, reflecting reduced demand for imports and the negative effects of a strong Read more
U.S. trade deficit in goods shrinks fifth month in a row. Strong dollar dings exports
The numbers: The U.S. trade deficit in goods narrowed for the fifth month in a row to $87.4 billion, reflecting reduced demand for imports and the negative effects of a strong Read more
Companies are trying to blame weak earnings on the strong U.S. dollar, but that’s a lame excuse
Many corporations would have you believe that the strong U.S. dollar is why earnings targets likely will be missed. Yeah, and the dog ate my homework. The reason I’m skeptical Read more
Opinion: The Fed’s inflation promises are simply not credible
With inflation running high for the last 14 months, we can sadly conclude it’s entrenched, will be difficult to conquer and is hardly the province of the Federal Reserve alone. The Read more
Abbott is now aiming to recover the baby-formula market share that it lost
Abbott Laboratories ABT, -1.55% is focused on recovering its position in the baby-formula market in the U.S. following the recall that required the intervention of the Biden administration to ensure Read more
Costco sees 20% bump in sales for June
Costco Wholesale Corp. saw a 20.4% bump in its June sales, the retailer reported Thursday. The company announced that it had $22.78 billion in net sales for the retail month Read more
Costco sees 20% bump in sales for June
Costco Wholesale Corp. saw a 20.4% bump in its June sales, the retailer reported Thursday. The company announced that it had $22.78 billion in net sales for the retail month Read more