Markets & Economy

Richmond, Virginia - Governor Glenn Youngkin has announced that Kingspan Insulation LLC, a division of the Kingspan Group, a global leader in advanced insulation and innovative building solutions, will invest $27 million in expanding its operation at 200 Kingspan Way in Frederick County. Kingspan Insulation LLC creates energy-saving and…

United States Of America - Energy data from the "Monthly Energy Review" has been released.  The U. S. Energy Information Administration included the annual data in this data review. The United States showed strong gains in solar and wind. Solar energy production in the U.S. increased from 1.212 Quadrillion Btu up 24%  to 1.501 .Quadrillion Btu…

Taipei, Taiwan - Republican Senators Lindsey Graham of South Carolina, Ben Sasse of Nebraska, Richard Burr of North Carolina, and Rob Portman of Ohio, Republican Texas Rep. Ronny Jackson, and Democratic New Jersey Sen. Bob Menendez arrived in Taipei Thursday. The trip, otherwise unannounced, comes as a bipartisan reaction to continue a…

United States Of America - Oil Rigs and taps active and coming online are trending higher according to industry tracking reports by the company BAKER HUGHES. A sign future output will grow domestically but more work is needed as political struggles continue. Since 1944, when Baker Hughes Company began weekly counts of drilling activity in…

United States Of America - Payroll, on an upward steady path, beat expectations adding 455,000 jobs from February to March. Strong labor shortage headwinds continue to be a struggle on all fronts but strong movement in trade school investment and overall worker and training program management are beginning to reach people and workers as the country…

Carpinteria, California - Procore (PCOR) a staple construction management software in the United States building and infrastructure industries saw a huge sell off following the Ukraine sanctions over the last few week adding additional extensive losses to share price. Procore saw its price fall from it's 52 week high of $108.75 down to $48.50 on…

United States Of America - Gas & Diesel price volatility has become a long lasting push and pull battle over the years. Since the United States Of America set it goals to eliminate oil imports from Russia it has implemented new laws and push towards more responsible energy sourcing, consumption and emissions. Although the move does seem…

Kyiv, Ukraine- As of Saturday afternoon nations around the world have come together, and quickly, as Putin's madness continues to repeat over and over. The Ukrainian's so far have put up a battle, a street style fight, holding off the initial invasion attempts. Deaths of Russian soldiers have been estimated as high as 4,000 by Saturday afternoon.…

United State Of America - President Biden issued an Executive Order moment ago in response to President Putin's alleged recognition claims of Donetsk and Luhansk People's Republics (DNR and LNR) as "independent" republics. Stated in a White House press release moments ago President Biden stated that President Putin's actions contradict Russia's…

The latest data and publications from the US Energy Information Administration reveal a promising outlook for renewable energy and electric vehicles. These technologies can help decarbonize power grids and transportation, while achieving synergy. The electricity output of solar panels and wind turbines can be used to charge EVs, and this takes…

United States Of America - Building permits in the United States increased 0.3 percent from a month earlier to a seasonally adjusted annual rate of 1.76 million in January of 2022, from the previous month's 1.755 million and below market expectations of 1.77 million. Single-family authorizations jumped 6.8 percent to a rate of 1,205 thousand…

Washington, D.C. - The FHA (Federal Housing Administration) Office of Multifamily Housing plays a critical role in the development, substantial restoration, and refinancing of market-rate and affordable housing through the issuing of FHA mortgage insurance policies. These insurance programs contribute to the stability, liquidity, and affordability…

United States Of America - Lumber prices could escalate easily to $2400 per MBF this spring and late summer similarly mirroring last year. Builders, Developers, Program Managers and Project Managers should weigh risks now and prepare for the possibility. Currently risks seem to be leaning more towards increased demand, labor shortages, natural and…

Supply chains around the world are currently overwhelmed by a combination of many factors, and this situation will likely continue during 2022. E-commerce has been on the rise, and more people are now purchasing products from overseas. However, this trend has also added pressure to the shipping and transportation industry. Normally, a solution…

UNITED STATES OF AMERICA — The US Department of Energy (DOE) stated today that it will invest up to $20 million to reduce the cost of creating geothermal energy by showing faster drilling technology that will reduce the overall time, labor and costs required to create geothermal projects. DOE is aiming to significantly reduce the cost of…