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Carmakers see chip crisis easing as global growth slows | Business

The global semiconductor shortage that’s bogged down the auto industry for almost two years is showing signs of easing, at least for now. Mercedes Benz, Daimler Truck Holding, and BMW are among carmakers now getting enough of the high-tech components to produce at full capacity after experiencing crippling outages for months. The breakthrough comes earlier […]

Fed tightening is impacting the U.S. economy: Summers

The Federal Reserve Board building, Washington, D.C., U.S., July 1, 2020. /CFP The Federal Reserve Board building, Washington, D.C., U.S., July 1, 2020. /CFP The  Federal Reserve’s tightening actions are having an impact on the U.S. economy, with a turn in labor demand and inventory buildups, former U.S. Treasury Secretary Lawrence Summers said. “We’re seeing […]

Glenmont Car Wash side business affiliated with fraud allegations

BETHLEHEM — A car sales business that operates out of a Glenmont car wash has an employee who has been arrested three times in the last year for allegedly keeping clients’ money and falsifying records. While the car wash’s owner says the two businesses are separate, the limited liability corporations are under the same name, and […]

To The Point: Mackinac Policy Conference, economy

MACKINAC ISLAND, Mich. (WOOD) — How is the economy doing? “There are a lot of strengths you know, there are a lot of great things happening in the economy, there are a lot of pressure points and we’re all feeling it. You know individuals are feeling when they go to the grocery store or gas […]