Afternoon Coffee: New York and New Jersey Ports See More Imports in December, Economic Confidence Up

Imports at the ports of New York and New Jersey increased in November by 4% compared to a year earlier. Shipping companies predicted the rise following the slow months of August through October as businesses dealt with high inventory levels.

U.S. economic confidence was up slightly in December to an average of -11, according to the latest Gallup Economic Confidence Index released today.

Auto sales were strong in December and some automakers are predicting 2015 sales will set new records. General Motors, for instance, said it sold 17.8 million cars in 2015, beating its previous annual sales record, set in 2000, of 17.35 million cars.

As more food companies make the switch to using only cage-free eggs, some industry experts say that could create a supply shortage of the eggs. One egg company owner is saying the industry may struggle to meet demand over the next 5 to 10 years.

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