Supply Chain Latest: US Shipping Law Won’t Do Much to Lower Cargo Costs - Bloomberg

2022-06-16 11:35:13 By : Mr. Fred Feng

Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day.

The economy and markets are "under surveillance". Bloomberg Surveillance, covering the latest news in finance, economics and investments.

Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. This documentary-style series follows investigative journalists as they uncover the truth

BOE Hikes Rate to 1.25% as It Drops Hint of Bigger Move Ahead

Fed Hike Ripples Across Asia as Central Banks Look to Respond

Property Entrepreneur Nick Candy Walks Away From Making THG Offer

Fast-Delivery Startup Jokr Cuts Back US Operations to Focus on Latin America

Elon Musk's Boring Co. Is Feuding With Texas Over a Driveway

Johnson’s Ethics Adviser Says UK PM Put Him in ‘Odious’ Position

Modi Faces Jobs Backlash With Short-Term Indian Army Enlistment

China-Hong Kong Wealth Link’s Slow Start Blamed on Travel Limits

Tiger Global Partner Behind Big Carvana Wager Leaves Hedge Fund

The Pre-War Car Market Is Thriving. Caroline Cassini Knows Why

Letters Sent to García Márquez to Be Shown in Mexico City

An Executive Order That Might Actually Stop Gun Violence

So Now We Have Clarity. The World Has Changed

Fashion Hasn’t Been This Fashionable Since Sex and the City

Mexico’s Covid Response Led to the Deaths of New Mothers

The Last Bear Market Was Short-Lived. This One Feels Different

Ethereum Mining Is Going Away, and Miners Are Not Happy

Tokyo Passes Ordinance to Recognize Same-Sex Partnerships

Toronto Police More Likely to Use Force Against Black People

Paid Leave, Affordable Child Care on Working Women’s Wish List

ESG Investment Cools as the Sector’s Notoriety Grows

Solar Power Floods Europe’s Grids as Heat Wave Lifts Demand

As US Road Deaths Rise, France Is Safer Than Ever. Why?

Block to Give Up San Francisco Office in Blow to City’s Revival

Chicago Taps Direct Cash Charity to Give Residents $500 a Month

Buckle Up: Where Does Crypto Go From Here?

Ethereum Mining Is Going Away, and Miners Are Not Happy

Crypto Rally Reverses as Post-Fed Mood in Global Markets Sours

The bipartisan Ocean Shipping Reform Act is set to get President Joe Biden’s signature on Thursday, but it’s hardly clear whether the new law will have much of an effect on an inflationary force still bedeviling American companies – elevated container costs.

A day after the Federal Reserve raised interest rates by the most since 1994 to bring down soaring prices, Biden plans a White House ceremony with lawmakers and executives, Bloomberg’s Jordan Fabian reports here.