Home prices on the rise again due to worsening inventory shortage

Jerry Howard, CEO of the National Association of Home Builders, is examining conditions in the housing market as the U.S. economy continues to grapple with inflation at Varney & Co. U.S. home prices continued to rise in March, low mortgage interest rates Bid wars among buyers have reignited as they collide with a worsening housing […]

JetBlue blasts FAA for staffing shortage, 10% of NYC departures cut

After accusing the Federal Aviation Administration of not hiring enough air traffic controllers, JetBlue announced it will cut departures from New York City airports by 10% this summer. “We are obviously very concerned about New York City in the summer,” JetBlue president Joanna Geraghty said on Tuesday’s earnings call. “The FAA continues to be severely […]

Middle Georgia city sees water shortage after pump breaks

A city in central Georgia is struggling to supply its residents with water after a key pump fails. Milledgeville Mayor Hank Griffeth said Monday that the city has only replaced 75 percent of its pump capacity so far. The city asked customers to conserve water on Monday and banned outdoor water use, including filling swimming […]

Single-family building is picking up. But can it help solve the housing shortage?

New home construction could give a boost to the housing market later this year after an increase in the number of single-family homes built last month and a record number of multi-family homes under construction. These lifts came despite a decline in builder activity throughout the month. Both single-family construction and new permits increased in […]

Adderall usage so high post-lockdown, there’s a shortage: CDC alert

As shortages of Adderall continue in the United States, the Centers for Disease Control and Prevention released a report on Thursday, noting that stimulant prescriptions surged between 2020 and 2021. CDC found Prescriptions for stimulants like Adderall, a drug made from amphetamine salts used to treat attention-deficit hyperactivity disorder (ADHD), increased by more than 10% […]

Cal-Maine Foods’ profits surge 718% amid US egg shortage

Cal-Maine Foods, the nation’s largest egg producer, this week reported a 718% surge in profits, doubling its revenue last quarter as a nationwide egg shortage sent prices soaring. Shares of Carmain Foods, a Jackson, Mississippi-based company and the only publicly traded egg producer, were up more than 3.4% as of 10:46 a.m. Thursday. The company […]

Whatever happened to the global chip shortage?

President Biden has traveled across the country to meet with state leaders to ramp up semiconductor production across the country. “America is back. We are determined to lead the world in semiconductor manufacturing,” President Biden said on Tuesday. In 1990, the United States produced approximately 37% of the chips in use worldwide. That percentage plummeted […]

Critical drug shortage a threat to national security, congressional report finds

Shortages of critical medicines such as pediatric drugs, antibiotics and ADHD drugs could pose a threat to national security, according to a new congressional committee report. Drug shortages surged nearly 30% from 2021 to 2022, according to a report released Wednesday by Democrats on the Senate Homeland Security and Government Affairs Committee. The shortage peaked […]