Media Coverage

The global supply chain issues the Federal Reserve has been worried about plagued the country’s busiest ports last year. A new report from the World Bank and S&P Global Market Intelligence ranked the efficiency of more than 350 ports worldwide based on how long ships had to wait at port last year. Los Angeles and Long Beach, which handle more than 40% of all maritime imports to the U.S., came in dead last for efficiency.

Ride-share drivers say that the pandemic has exacerbated the imbalance with their overlords.

A day after invoking the Defense Production Act to help alleviate a nationwide shortage, administration officials had few answers for how the law would lead to more supply.

The 2022 JD Power’s American Airline Satisfaction survey results are out, and the news for many airlines is not good. Jet Blue and Southwest topped the list, while legacy airlines like American and United were near the bottom across the three categories of passengers surveyed (economy, premium economy and first/business). 

The fast food giant McDonald's has ceased its operations in Russia, two months after temporarily closing 850 branches across the country. The company said Russia's 'humanitarian crisis' in Ukraine, as well as unstable market conditions triggered by the conflict, are behind its decision to stop selling hamburgers there. The first McDonald's in Russia was opened in Moscow in 1990, and was widely seen as a symbol of western democracy.