In a pivotal Supreme Court case scheduled for Wednesday, what initially seemed like a dispute over a government fee imposed on commercial fishermen has taken a surprising turn. The case, known as Loper Bright Enterprises v. Raimondo, is gaining attention for its hidden conservative backer, none other than petrochemicals billionaire Charles Koch. Fishermen’s Grievances and […]
Despite a weekly gain, the S&P 500 faced hurdles from declining airline and discretionary spending stocks on Friday, edging closer to a new all-time high. A Tug-of-War Between Bulls and Bears In a volatile trading session, the benchmark stock index managed to close Friday slightly above 0.1% higher, bringing it within 0.3% of a record […]
Dismal Freight Rates Worry Ship Operators Container shipping rates, which were once at pandemic-induced highs, have experienced a precipitous drop, casting a shadow over ocean freight carriers during the peak season. In September, daily Freight Rates for moving cargo from Asia to the U.S. and Europe tumbled by up to 90% compared to early 2022, […]