Airlines could face bankruptcies within weeks as Middle East chaos hits bookings and pushes oil higher, a Dubai billionaire warns. Hiring has also fallen to COVID-shutdown levels, a top economist says.

  Americans aren’t getting laid off. And they’re not quitting. They’re simply just not getting hired, and the numbers haven’t been this bad since the pandemic closed the economy by force. The Bureau of Labor Statistics reported Tuesday the hiring …

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World’s 2nd largest shipping company, Maersk, suspends all cargo bookings for the UAE, Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, & Iraq. Iran could disrupt Hormuz for months

Baghdad (IraqiNews.com) — Maersk announced on Wednesday that it is temporarily suspending most cargo reservations in and out of Iraq as security worries mount throughout the Gulf. The business said that the ban applies to shipments involving many regional nations, …

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Container import bookings into the US are down 16% YoY; Used car prices falling back to “Liberation Day” levels

https://twitter.com/spice1975503/status/1992215378181619837 Major retailers warn of slowing consumer spending and cut forward orders Nov 19 (Reuters) – Target (TGT.N), opens new tab reported a bigger-than-expected drop in comparable sales on Wednesday and offered a wide range of profit outcomes for its …

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