New jobless claims in the U.S. rose to a new high for 2022. (WSJ)
OPEC cut its forecast for global oil demand this year and in 2023 on slowing economic growth. (WSJ)
Home prices climbed to record highs last quarter across nearly all the U.S. as buyer demand started to weaken. (WSJ)
Risk analysts say high global food prices and grain and fertilizer shortages could trigger unrest and test Western companies with overseas operations. (WSJ)
Online eyewear merchant Warby Parker lowered its sales outlook and said it is cutting 15% of its corporate staff. (WSJ)
South Korea’s technology-related exports fell in July for the first time in two years. (Bloomberg)
German industrial conglomerate Siemens swung to its first quarterly loss in nearly 12 years. (Financial Times)
Ukraine expects its grain exports to reach 3 million metric tons in September, about 60% of monthly levels before the Russian invasion. (Lloyd’s List)
Container line Hapag-Lloyd more than tripled its first-half net profit to about $8.9 billion as average freight rates were up 77% over the same period last year. (Reuters)
Taiwanese container line Yang Ming’s first-half profit doubled to about $3.9 billion. (Journal of Commerce)
Diana Shipping bought the nine bulk vessels in Sea Trade Holdings’ fleet for $330 million. (TradeWinds)
Tanker operator DHT Holdings swung to a $10 million second-quarter profit, in part on the sale of two vessels. (ShippingWatch)
A trucking industry research group says the sector’s marginal costs rose 12.7% last year to a record $1.855 per mile. (FleetOwner)
Walmart is completing work on a 400,000-square-foot highly-automated consolidation center in Lebanon, Pa. (Progressive Grocer)
Some supermarkets in Australia are restricting egg purchases because of a national shortage. (The Conversation)
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