The result has been fierce competition among buyers for a very limited number of homes. Also, fewer new homes are being built because of the pandemic, and older homeowners are reluctant to sell. This makes already high prices even higher.
As America’s business turns to renewable power, major oil companies want to grab more of that action. Whether the energy giants like it or not, diversification into renewables may be the only way to stave off bankruptcy.
Eastern states experienced fuel shortages, exacerbated by a trucker shortage. Trucking fleets have been stepping up equipment orders and raising driver pay as they compete for labor with industries such as construction.
Even before the coronavirus global pandemic started America’s steepest economic downturn since the Great Depression, China inhibited attempts by President Donald Trump’s administration to curb China’s exports into the United States with heavy tariffs.
When the COVID-19 pandemicstruck like a thunderbolt in late February 2020, the financial results were expected to crash the stock and bond markets, while the money available would be withdrawn or kept in the banks.