As schools across the country let out, travelers are dreaming of their summer plans, but keeping one hand on their wallets. The summer of “revenge travel” should be commencing, but the fuel price increases are forcing people to reevaluate their plans. “That restless mood has many pro travelers and experts predicting revenge travelers could bring […]
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Inflation has accelerated in March to 8.5% when compared with 2021. To no one’s surprise, this level of inflation was driven by spikes in both energy and food. Simultaneously as the global supply chain tightens, combined with lockdowns in China, the cost to move everything everywhere continues to increase. Additionally, for the first time since […]
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The spot natural gas price in New England soared to an average of $20.55 per million British thermal units (MMBtu) in January 2022 as reported by the Algonquin Citygate, the benchmark for natural gas prices in New England and a trading hub. This is the highest average price since February 2014. With a cold start […]
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With known supply chain issues plaguing holiday shoppers, many shopped early to acquire the hot holiday gifts. Mastercard SpendingPulse called 2021 a “resurgent season for retailers” for the holiday season that runs from November 1 to December 24. Retail sales, excluding automotive, increased 8.5% in comparison with 2020. Online sales grew 11% from the same […]
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As the U.S. announced it will allow vaccinated foreign travelers to enter the country starting on November 8, travel sites started seeing an excess of bookings. Expedia is reporting over a 20 percent increase in searches for U.S. hotels from both the U.K. and France. Holiday travel for 2021 seems to be trending back […]
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Thanksgiving 2021 is set to be the most expensive holiday meal on record. The average cost of preparing the meal in 2020 was $47, according to the Farm Bureau, and they anticipate a 5% increase this year. Every element of the meal, from cookware to after-dinner coffee, is set to rise. The Consumer Price Index […]
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This past Labor Day, it is estimated that nearly 7 million people have lost all unemployment benefits while the federal eviction moratorium simultaneously expires. An additional 3 million people are expected to lose a $300 weekly increase to their state unemployment benefits.
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Coronado Coal, a multinational coal producer, has its sights set on the development of a $251 million, 340-acre coal mine in Forward Township, Allegheny County. The mine would be operated by Coronado’s subsidiary, Mon Valley Minerals. This property was once owned by Consol Energy and sits on the 25-million-ton Upper Freeport Coal seam.
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Delta is defined by Merriam-Webster as “an increment of a variable.” The Delta variant of Covid is (ironically) causing a massive number of variables through global economies. Oil prices today remain stable as Covid cases push Japan into an extended state of emergency, Asian demand remains weak, New Zealand implements a new lockdown after one […]
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President Biden and 21 bipartisan senators reached a compromise on Thursday to break the stalemate on Biden’s infrastructure plan. These 11 Republican senators and 10 Democratic senators are the first step in passing the agenda. Biden has made a point to comment that he will only sign the bipartisan infrastructure bill if Congress also approves, […]
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