Author: Procurement-Newz

  • Oil Prices Jump On Surprise Crude Inventory Draw

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    [ad_1] Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 700,000 barrels for the week to May 8. This compared with a build of 4.6 million barrels for the previous week. The American Petroleum Institute yesterday reported an estimated 7.58-million-barrel inventory increase for the week to May…

  • Online purchases continue to increase during the pandemic

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    [ad_1] Online purchases, product views and new email sign-ups have increased year over year for online retailers since the coronavirus pandemic swept the U.S., according to the latest insights from Bluecore, a retail marketing technology company. Bluecore compared shopper activity surrounding the COVID-19 pandemic, examining year-over-year retailer performance from the beginning of April 2019 to…

  • State Budgets Could Soar as the Economy Suffers

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    [ad_1] The HEROES Act, proposed by House Democrats as a next round of fiscal relief during the coronavirus outbreak, contains about $1.08 trillion in aid to states and localities. That would bring the pandemic total to $1.63 trillion—an amount so large that it might overwhelm their ability to spend it and could reward fiscal irresponsibility.…