© Reuters. China will push more lending to manufacturing sector next year: regulator BEIJING (Reuters) – China will actively help firms in the traditional manufacturing sector to get out of trouble next year, and keep pushing lending to smart and green manufacturing industries, the banking and insurance regulator said onRead More →
Intel Corp.’s apology Wednesday to customers about its ongoing supply constraints did not appear to surprise investors, but the news could prove to be an eventual benefit to rival Advanced Micro Devices Inc. Earlier on Wednesday, the chip giant gave customers an update in a regulatory filing about its currentRead More →
Getty Images U.S. factories are still making lots of goods, including autos. Reports of the demise of U.S. manufacturing have been exaggerated, and that may be one reason why fears of an economy-wide recession got out of hand earlier this year. This week’s reports on jobs and gross domestic productRead More →
Chinese manufacturing activity fell to an eight-month low in October, an official gauge showed, raising another warning signal as hopes for a U.S.-China trade truce were dealt a further blow. China’s official gauge of factory activity, the manufacturing purchasing managers index, dropped to 49.3 in October from 49.8 in September,Read More →
U.S. stocks continued their slide Wednesday and posted the worst start to a quarter since 2008, with data showing slower job creation adding to concerns about a weakening manufacturing sector as President’s Trump’s trade policies take their toll. Automobile manufacturers stocks fell after quarterly sales reports from Ford and GeneralRead More →
By Medha Singh (Reuters) – Wall Street’s main indexes were set to open lower on Wednesday, after hitting a one-month low in the previous session, as a shock contraction in manufacturing activity confirmed the domestic economy was feeling the burn from a prolonged U.S.-China trade war. The U.S. factory activityRead More →
© Reuters. Traders work on the floor at the NYSE in New York By Medha Singh and Arjun Panchadar (Reuters) – Wall Street’s main indexes were headed for a strong open on Tuesday ahead of the release of manufacturing data as investors looked for fresh signs of domestic demand inRead More →
© Reuters. Investing.com – Stocks started September with another round of nasty volatility. The fell 0.69% on Tuesday. The dropped 1.08%. And the was off 1.1%. U.S. financial markets were closed Monday for Labor Day. There were plenty of reasons for the slump. The imposition of new 15% tariffs onRead More →
Asian markets were mixed in early trading Thursday, following a day of gains on Wall Street. Preliminary data Wednesday showed Japan’s manufacturing activity shrank for a fourth consecutive month, according to Reuters. The Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index rose to a seasonally adjusted 49.5 in August fromRead More →
Bloomberg News/Landov A worker places bowling pins onto a rack at the QubicaAMF Bowling Worldwide LLC facility in Lowville, New York. The numbers: The New York Fed’s Empire State manufacturing survey’s main index rebounded 12.9 points to 4.3 in July, the New York Fed said Monday. Economists had expected aRead More →
© Reuters. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai By Andrew Galbraith SHANGHAI (Reuters) – Shares in Asia fell on Tuesday as readings on China’s manufacturing activity failed to meet expectations, underscoring weakness in the world’s second-largest economy despiteRead More →
Bloomberg News/Landov A representative, right, hands a business card to a job seeker at the San Francisco Career Fair & Job Fair in Burlingame, California. The numbers: Employers hired 129,000 workers in March, payroll processor ADP said Wednesday. That was the weakest showing in 18 months and missed the consensusRead More →
© Reuters. Investing.com – U.S. futures rose on Monday as fresh Chinese data suggested the world’s second-largest economy is rebounding, easing concern about a global slowdown. China’s manufacturing purchasing managers index increased the most in a month since 2012, as fresh stimulus in the economy seemed to have helped theRead More →
Asian markets rose in early trading Monday after encouraging economic news from China. China’s official purchasing managers index, released Sunday, showed that the country’s manufacturing sector rebounded strongly in March, to a six-month high of 50.5, from 49.2 in February. Later, the private Caixin China manufacturing purchasing managers index roseRead More →
© Reuters. FILE PHOTO: An Airbus A400M aircraft flies during a display on the first day of the 52nd Paris Air Show at Le Bourget airport near Paris JOHANNESBURG (Reuters) – South African state arms company Denel is in talks with Airbus about winding down production of parts for theRead More →
© Reuters. Logo of General Motors is pictured at its plant in Silao SEOUL (Reuters) – A South Korean supplier of Tesla (NASDAQ:) Inc said on Friday it had agreed to buy a shuttered auto factory from General Motors’ local unit to start contract manufacturing of electric vehicles. The dealRead More →
The Institute for Supply Management reported Friday its manufacturing purchasing managers index in February fell to the lowest level since November 2016. It’s funny how often that date is cropping up. The ISM index now joins other economic series falling to the lowest level since President Donald Trump surprised almostRead More →
Asian markets were mixed on Friday as trade talks ended in Washington with no deal but the promise of a second meeting between U.S. President Donald Trump and Chinese leader Xi Jinping. Gains were limited by a private survey showing that Chinese manufacturing slowed to the lowest level in almostRead More →
BEIJING (AP) — Asian stock markets tumbled Wednesday as 2019 trading began, after surveys showed Chinese manufacturing weakening. Keeping score: The Shanghai Composite SHCOMP, -1.32% lost 1.1% to 2,465.29 and Hong Kong’s Hang Seng HSI, -2.47% fell 2.6% to 25,161.03. Japan’s markets were closed. Seoul’s Kospi SEU, -1.53% lost 1.3%Read More →
