A measure of U.S. factory activity fell into contraction in November for the first time since the start of the pandemic. (MarketWatch)
U.S. household spending jumped 0.8% from September to October. (WSJ)
New applications for unemployment benefits in the U.S. fell sharply last week. (WSJ)
The European Commission asked member states to approve a price cap on Russian oil of $60 a barrel. (WSJ)
Kroger raised its annual guidance for the third time this year following strong quarterly sales growth. (WSJ)
More than half of Japanese manufacturers in a survey say they plan to reduce dependence on Chinese suppliers. (Nikkei Asia)
President Biden’s top supply chain adviser, Sameera Fazili, is leaving her White House post. (Politico)
Big Lots will lower prices after sales fell and margins contracted last quarter. (MarketWatch)
Dollar General’s net sales rose 11.1% while inventories rose at more than twice that pace. (MarketWatch)
Morgan Stanley became the second-biggest shareholder in tanker operator Frontline with a $166 million stake. (TradeWinds)
Some Chinese automakers are buying ships to handle their own transportation. (Lloyd’s List)
The Port of Houston pushed back a fee on long-dwelling containers because of software problems. (Journal of Commerce)
The Port of Houston is converting land at its Bayport Container Terminal to a container yard. (Port Technology)
Freight forwarder DB Schenker is streamlining its organization to cut administrative costs. (Air Cargo News)
German automotive parts maker Mann+Hummel Purolator Filters is closing its Fayetteville, N.C., distribution center and laying off about 1,000 workers. (Business Journals)
Private equity-backed 48forty Solutions bought its 12th pallet provider in the past two years. (DC Velocity)
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