U.S. Global Investors celebrates a successful year with its JETS ETF soaring 33%, TSA screening 5% more passengers and United Airlines stock rising 135%.
The SPDR S&P 500 ETF Trust (NYSESPY) snapped a three-week losing streak as investors digested the latest interest rate commentary from Federal Reserve officials.
Alibaba Group Holding Limited's (NYSEBABA) Daraz Group slashed 11% of jobs to counter the weakness in online commerce, joining a growing roster of tech names.
Alibaba Group Holding Ltd's (NASDAQBABA) Southeast Asia e-commerce unit Lazada Group saw a slight pullback in higher-ticket items, including electronics, as Singles' Day's annual mega-sales event kicked off.
Just over a year ago, the average cost to ship a container from Asia to the U.S. West Coast had surged to $20,000. Recently, it went down to $2,720. In other words, the shipping costs plunged by 84% year-over-year.
SEA is a brand-new ETF listed less than two weeks ago. The fund is comprised of only 29 companies, all well known in the shipping and supply chain business.
Increasing demand for imports, high wait times out of railyards, mixed with labor shortages of truck drivers, is a very severe issue plaguing major companies' supply chains
Forty-four container ships were moored at a berth space outside both LA and Long Beach as of Friday evening, surpassing the record of 40 set in early February. Average wait times are on the rise, from 6.2 days in mid-August to 7.6 days on Friday.
