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U.S. business inventories climb 0.8% in June

U.S. business inventories rose 0.8% in June as companies sought to rebuild their stockpile of goods in order to keep up with fast-rising sales. The increasse matched the forecast of economists polled by The Wall Street Journal. Sales surged 1.4% in the month. An increase in inventories adds to gross domestic product and is usually […]

China’s economy slows in July

China’s economy slowed more than expected in July, adding to signs that the global recovery is coming under pressure as the delta virus variant snarls supply chains and undermines consumer confidence. Retail sales were hit by tough new virus restrictions introduced toward the end of the month to contain fresh outbreaks. Flooding in central China […]

CBS Poll: Californians support a vaccine mandate in businesses

The CBS poll also asked how vaccinated Californians feel about those who are not vaccinated SAN DIEGO — Californians have a lot say about mandates and those who are not vaccinated. CBS polled Californians about vaccine mandates, the rise in new cases and how it could have been prevented, and how vaccinated Californians feel about […]

Dollar General Opens in Pe Ell

By The Chronicle staff The Dollar General at 721 N. Main St. in Pe Ell is now open. To commemorate the opening of Dollar General’s new Pe Ell location, the company plans to donate 100 new books to the Pe Ell School to benefit students ranging from kindergarten to fifth grade. Through partnership with the […]

The Reigning Complexity Revolving the American Economy

In May–June 2021, China—allegedly to preserve financial stability—banned mining of bitcoin and other crypto assets in such major mining centers as Inner Mongolia, Sichuan, Xinjiang and Yunnan. The total ban on mining was far from unexpected for miners as the Chinese authorities had repeatedly issued warnings over the risks of bitcoin mining since 2013. There […]