U.S. Labor Secretary Marty Walsh remains optimistic about contract negotiations between workers and shipping companies for some of the country’s most important ports.
A JP Morgan Chase commodity strategist says about $15 billion moved out of commodity futures markets during the week ending June 24. It was the fourth straight week of outflows, bringing the total for the year to about $125 billion and a seasonal record that tops even 2020.
With talk about a food shortage, U.S. farmers are focused on growing a large crop this year, despite challenges from Mother Nature. However, the truth is 90% of the corn growing across the U.S. isn't used for food.
President Biden says he has not made a decision on whether to lift some of the $370 billion in tariffs imposed on Chinese imports by the Trump administration.
