The Congress has passed the Ocean Shipping Reform Act, which will help fix supply chains and ease shipping backlogs, with bipartisan support. Reducing bottlenecks at U.S. ports and improving conditions for agricultural exports are key to pave the way for lower costs for American retailers, farmers and consumers. The Ocean Shipping Reform Act, which unanimously passed the Senate in March, was appro...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.