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Jul 28, 2022 / The Right News Right When It Happens

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Q2 GDP Declined 0.9%

Washington, DC, July 28, 2022—Real gross domestic product (GDP) decreased at an annual rate of 0.9% in Q2 2022, according to the advance estimate released by the Bureau of Economic Analysis.

Today's Flooring News

Federal Reserve Raises Interest Rate Another .75%

Washington, DC, July 28, 2022-The Federal Reserve continued a sprint to reverse its easy-money policies by approving another unusually large interest rate increase and signaling more rises were likely coming to combat inflation that is running at a 40-year high, according to the Wall Street Journal.

Hardwood Manufacturer Aacer Closing Doors at the End of July

Peshtigo, WI, July 28, 2022—Aacer Flooring, which manufactures hardwood flooring, is in its final week of operation, reports the Green Bay Press Gazette.

Ocean Rates Continue to Decline but Remain High

Jerusalem, Israel, July 28, 2022—Ocean rates continue to slide, with China-U.S. West Coast dropping 15% in the last month, reports Freightos.

Laticrete Names Samantha Rothberg Director, Marketing Communications

Bethany, CT, July 28, 2022—Laticrete has appointed Samantha Rothberg to director, marketing communications.

NTCA Holding Stadards-Based Workshops in 7 States in August

Flowood, MS, July 28, 2022—National Tile Contractor’s Association (NTCA) is traveling in August to bring training and education to Florida, Georgia, North Carolina, Washington, Oklahoma, Texas and Illinois.

Initial Jobless Claims Declined by 5K in Week Ending July 23

Washington, DC, July 28, 2022—In the week ending July 23, the advance figure for seasonally adjusted initial claims was 256,000, a decrease of 5,000 from the previous week's revised level, according to the Department of Labor.