NY Fed: Amid rising debt levels, some borrowers face increased stress
Total U.S. household debt levels increased in the first quarter as already stressed credit card borrowers faced rising challenges, a…
US small business sentiment rebounds in April
U.S. small-business confidence increased in April and the share of owners planning to raise prices was the smallest in a…
Biden sharply hikes US tariffs on billions in Chinese chips, cars
U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including…
First Methanol-Fueled Tug Launches at Port of Antwerp
The world’s first methanol-powered tugboat, the Methatug, was unveiled today in Antwerp. It is part of a series of projects…
CMA CGM pays short-term charter premium as container ship supply dries up
French line pays $80,000 per day as charter rates veer towards last year’s highs
Post-pandemic inventory hangover hindering US alcohol imports
After a two-year binge that left inventories bloated, demand for imported wine, beer and spirits dried up in 2023.