“New-vehicle average transaction prices (ATPs) increased further into record territory in December 2021 to reach $47,077,” said the Kelley Blue Book report published Tuesday.
Author archives: The Epoch Times
Weekly Unemployment Claims Jump In Possible Sign of Omicron Hit to Jobs Recovery
First-time filings for unemployment insurance came in at 230,000 for the week ending Jan. 8, up from the prior week’s 207,000, the Labor Department said in a report.
Treasury Yields Touch Fresh 52-Week Highs Amid Fed Tightening
The yield on the benchmark 10-year Treasury note has risen to around 1.77 percent. The 2-year yield rallied to about 0.94 percent, while the 30-year bond topped 2.09 percent.
Dimming Outlook on Global Economy Could Fuel Social Unrest: World Economic Forum
According to the Global Risks Perception Survey (GRPS), which is part of the WEF’s most recent Global Risks Report (pdf), a whopping 84 percent of respondents expressed pessimism about the world outlook, with 23 percent saying they’re “worried” and 61….
Novartis to Seek FDA Emergency Use Approval for New COVID-19 Therapy
Novartis said the drug’s so-called multi-specific protein-based domains ensure strong neutralization of the CCP virus, even in the face of mutations of the pathogen’s spike protein, while limiting the development of escape mutants.
Sticky Inflation and Job Market Tightening Will Push Fed to Hike Rates 4 Times in 2022: Goldman Sachs
Jan Hatzius, chief economist at Goldman, wrote in a note Sunday that the investment bank is predicting a fourth 25-basis-point rate hike in December of this year, up from an earlier projection of three.
CBP Seizes Shipment Containing 50,000 Fake Apple AirPods, 920 Nintendo Video Game Consoles From China
The officers discovered the illegitimate products after inspecting a shipment of goods arriving from China into the United States and determined that they appeared to be fake.
Over 2,300 Flights Canceled as Winter Storm Hits Northeast
Airlines continued to struggle to deal with inclement weather. Cancellations and delays have plagued Southwest Airlines and other airlines in recent weeks, with staffing issues cited as a major reason.
US Retailers Raise Prices of Discounted CCP Virus Test Kits After Agreement Ends With Biden Administration
Walmart and Kroger have both raised their prices for the BinaxNOW COVID-19 rapid tests, after an agreement with the Biden administration to sell the antigen self-test kits at a fixed price expired at the end of the year.
Americans on the Move, Looking for Less Populated and Greener Pastures
Florida, with its sunshine, warmth, and no individual state income tax, is a big draw, as demonstrated by the annual study of interstate migration by United Van Lines, the nation’s largest moving company.