| | | Jul 28, 2022 / The Right News Right When It Happens | | Top Story | | | | Q2 GDP Declined 0.9% | | Washington, DC, July 28, 2022—Real gross domestic product (GDP) decreased at an annual rate of 0.9% in Q2 2022, according to the advance estimate released by the Bureau of Economic Analysis. | | |
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| | Today's Flooring News | | | | Federal Reserve Raises Interest Rate Another .75% | | Washington, DC, July 28, 2022-The Federal Reserve continued a sprint to reverse its easy-money policies by approving another unusually large interest rate increase and signaling more rises were likely coming to combat inflation that is running at a 40-year high, according to the Wall Street Journal. | | |
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| | | | Hardwood Manufacturer Aacer Closing Doors at the End of July | | Peshtigo, WI, July 28, 2022—Aacer Flooring, which manufactures hardwood flooring, is in its final week of operation, reports the Green Bay Press Gazette. | | |
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| | | | Ocean Rates Continue to Decline but Remain High | | Jerusalem, Israel, July 28, 2022—Ocean rates continue to slide, with China-U.S. West Coast dropping 15% in the last month, reports Freightos. | | |
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| | | Laticrete Names Samantha Rothberg Director, Marketing Communications | | Bethany, CT, July 28, 2022—Laticrete has appointed Samantha Rothberg to director, marketing communications. | | |
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| | | NTCA Holding Stadards-Based Workshops in 7 States in August | | Flowood, MS, July 28, 2022—National Tile Contractor’s Association (NTCA) is traveling in August to bring training and education to Florida, Georgia, North Carolina, Washington, Oklahoma, Texas and Illinois. | | |
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| | | Initial Jobless Claims Declined by 5K in Week Ending July 23 | | Washington, DC, July 28, 2022—In the week ending July 23, the advance figure for seasonally adjusted initial claims was 256,000, a decrease of 5,000 from the previous week's revised level, according to the Department of Labor. | | |
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