Quiet Stock Market Bull Rally and Crude Decreases to Begin June
Amid concerns about recessions, inflation, and rate hikes, the stock market quietly embarked on a new bull rally in June. With a 20% surge since October 2022 lows, this positive shift indicates promising signs for the market. Despite negative headlines, the economy has shown resilience, supported by strong corporate earnings and declining oil prices. A […]
Mixed Global Reports on Consumer Spending, Economic Data and Outlook
Global regions exhibit a notable disparity between consumer spending and economic optimism. In North America, consumer spending has defied expectations, outperforming projections despite concerns surrounding inflation and the possibility of recessions. This positive trend in consumer spending offers a glimmer of hope amidst economic uncertainties. Conversely, reports from Asia paint a bleaker picture, with the […]
Fire Leads to Collapse of Key Stretch of I-95 in Philadelphia
Over the weekend, a vehicle fire caused a major section of highway I-95 near Philadelphia to collapse. The collapse affected the entirety of the northbound lanes, while the southbound lanes sustained enough damage to be deemed unsuitable for traffic. It is estimated that the reconstruction of the bridge will require several months, resulting in significant […]
Evonik Launches New Ester Enhancements in the U.S.
Industry leader in innovative plasticizers announces premier, performance-driven products. In a pioneering move that further cements its position in the industry, Evonik, a long-established production partner for The Chemical Company, has propelled their innovative plasticizer, TINTM, into the global market. While TINTM may not be entirely new in the plasticizer market, its emergence as […]
Ocean Freight Rates Take a Dive
Global import costs plunge following years of record peaks. In a new wave of economic developments, the American Journal of Transportation reports a noteworthy reduction in ocean freight rates during April and May.This trend aligns with a surge of low-cost imports washing onto US shores across a multitude of industries. Strikingly, European rates have sunk […]
