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Supply Shock Spreads To US: What It Means For You Supply Shock Spreads To US: What It Means For You
Supply Shock Spreads To US: What It Means For You The supply shock caused by the ongoing standoff in the Strait of Hormuz is spreading to the United States, driving up energy prices, increasing shipping costs, and creating shortages in key goods and materials.  The crisis, which began after the US-Israel attack on Iran started at the end of February, has brought shipping through the critical waterway to a near standstill. The Strait of Hormuz, a vital chokepoint for global energy and petrochemical shipments, typically handles 20 percent of the world’s oil supply. Its effective closure has triggered what analysts are calling one of the…

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by Joe Lombardi
Business
Dick's Closes $2.5B Foot Locker Deal In Major Sporting Goods Merger Dick's Closes $2.5B Foot Locker Deal In Major Sporting Goods Merger
Dick's Closes $2.5B Foot Locker Deal In Major Sporting Goods Merger Dick's Sporting Goods has finalized its purchase of Foot Locker, creating a global sports retail giant with more than 3,200 stores in 20 countries. The Pittsburgh-based chain completed the $2.5 billion deal to acquire the sneaker chain on Monday, Sept. 8. Dick's will keep Foot Locker's brands, including Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. The combined company will now operate across North America, Europe, Asia, and Australia, with licensed stores in Europe, the Middle East, and Asia. "We are very enthusiastic about the future of Foot Locker," said Dick's…

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by Chris Spiker
News
New Update: Spacecraft Crashes Into Earth After Over 5 Decades In Orbit New Update: Spacecraft Crashes Into Earth After Over 5 Decades In Orbit
New Update: Spacecraft Crashes Into Earth After Over 5 Decades In Orbit A spacecraft launched more than 50 years ago has crashed into Earth. The defunct probe from the former Soviet Union, known as Kosmos 482, was launched in 1972 on a mission to explore Venus.  A launch failure left it trapped in Earth’s orbit — where it has remained for more than half a century. It finally went down over the Indian Ocean west of Jakarta, Indonesia Saturday morning, May 10, according to Russia's space agency Roscosmos.  Due to a malfunction of the booster block after launch in 1972, it remained in a high elliptical orbit of the Earth, gradually approaching the plan…

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by Joe Lombardi
Business
Opening Date Set For New Shake Shack Restaurant In Central Jersey Opening Date Set For New Shake Shack Restaurant In Central Jersey
Opening Date Set For New Shake Shack Restaurant In Central Jersey An opening date has been set for the new Shake Shack restaurant in Middletown. A spokesperson said the Shake Shack at 1149 Route 35 will officially open on Wednesday, Sept. 4 at 11 a.m. The restaurant is replacing Moe's Southwest Grill at the location. The "first wave" of customers will get custom Shake Shack tote bags and stickers. The restaurant will also donate $1 from every sandwich sold on opening day to JBJ Soul Kitchen, a nonprofit community kitchen operated by the Jon Bon Jovi Soul Foundation. Customers will also be able to place orders through Shake Shack'…

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by Chris Spiker
Business
Shake Shack Replacing Moe's Southwest Grill In Monmouth County Shake Shack Replacing Moe's Southwest Grill In Monmouth County
Shake Shack Replacing Moe's Southwest Grill In Monmouth County A new Shake Shack location is coming to Middletown and it will bring burgers to a building previously known for serving up burritos. A spokesperson for Shake Shack confirmed the chain will open a restaurant at 1149 Route 35 in 2024. An opening date has not yet been set. The address was last home to Moe's Southwest Grill, which is permanently closed according to Google Maps. Phone calls to the listed number for the restaurant had an automated message saying no one was available. The former Moe's Southwest Grill in Middletown, NJ. Google Maps There are 20 locations across New Jersey, acc…

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by Chris Spiker
News
COVID-19: This Key Factor Could Indicate Whether Stealth Omicron Will Cause New Surge In US COVID-19: This Key Factor Could Indicate Whether Stealth Omicron Will Cause New Surge In US
Covid-19: This Key Factor Could Indicate Whether Stealth Omicron Will Cause New Surge In US With the new “stealth” COVID-19 sub-variant emerging from the shadows in the US and overseas, researchers are concerned that one subset of Americans could potentially lead to a possible new surge of infections. According to the World Health Organization (WHO), Omicron, which is known as B.1.1.529, has three sub-variants: the original BA.1 that remains the dominant strain, the “stealth” BA.2, which is picking up steam, and the more elusive BA.3. The new “stealth” variant - named for its difficulty to identify due to a lack of certain genetic characteristics - has been becoming more of a co…

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by Zak Failla
News
PA Family's Adopted Dog From Middle East Tests Positive For Rabies PA Family's Adopted Dog From Middle East Tests Positive For Rabies
PA Family's Adopted Dog From Middle East Tests Positive For Rabies The CDC has initiated a multi-state investigation after a Chester County family adopted a dog from the Middle East that was later determined to have a previously eradicated variant of rabies, reports say. The dog was one of 34 animals that were flown from Azerbaijan to Chicago's O'Hare International Airport by an animal rescue group on June 10, CBS reports. The animal had been acting oddly after being placed with its new family in East Whiteland Township and later tested positive for the variant, according to ABC. The 6-month-old mixed breed dog possibly exposed the virus variant —which pr…

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by Valerie Musson