U.S. Durable Goods Orders Jump 7.3% in June
“The sugar rush from re-openings has now faded and a resurgence of domestic coronavirus cases ... will weigh heavily on business investment."
3M Stock Falls on Earnings Miss, New Layoffs
The company is “the latest manufacturer to exhibit signs of strain at a time of weakness for the industrial economy."
U.S. Job Growth Slows Unexpectedly to 145,000
“We had relatively strong and steady job growth over the year despite a number of headwinds," an economist says.
Manufacturing Slump Reaches 5th Straight Month
A gauge of manufacturing activity hit its lowest level in 10 years but the easing of U.S.-China trade tensions may benefit some industries.
U.S. Job Growth Shatters November Forecasts
The 266,000 jobs gain shows the labor market "is continuing to provide the key foundation for the U.S. economy.”
U.S. Factory Activity Drops for 4th Straight Month
“There is nothing to point to in [the November factory activity] report that signals a bottom in domestic manufacturing."
U.S. Manufacturing Slumps for 2nd Straight Month
“We have now tariffed our way into a manufacturing recession in the U.S. and globally,” a chief investment officer said.
Retail Sales Jump Counters Recession Fears
Sales increased 0.7% in July, "a reassuring sign for a U.S. economy that’s facing mounting hurdles."
U.S. Trade Policy Fails to Reshore Manufacturing
Several government measures designed in part to bring manufacturing jobs back to the United States are having the opposite effect so far.
U.S. Factory Orders Decline 0.8% in April
“We expect further bumps along the road for manufacturing as a slowing global economy and escalating tariffs on major U.S. trading partners pose headwinds."
Parker Hannifin to Buy LORD for $3.68B
The industrial company said the acquisition would be would be accretive to EBITDA margins, cash flow, and earnings per share.