Toyota, one of the world’s leading automakers, recently had to suspend operations in 12 of its 14 Japan-based factories due to a massive IT failure, resulting in a daily production loss of approximately 13,000 cars. The problem? The carmaker ran out of hard drive space.
Excluding transportation, manufacturing orders grew by more than expected.
The Dallas Fed’s barometer of activity in the Texas manufacturing sector showed contraction for the 16th straight month.
Another sign that the economy is not cooling off despite Federal Reserve rate hikes.
The economic data we have seen so far for the third quarter is nothing short of sizzling.
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks stated that Republicans have shifted their position on climate legislation in part because they’re more pro-manufacturing than they were before but they’ve taken an “extreme position” on the issue. Brooks
The Manufacturing Recession May Have Hit Bottom A few months ago, we were among the first to notice that the housing downturn appeared to have ended. Now it looks like manufacturing has hit its cyclical nadir. The purchasing managers’ surveys from
Single-family home construction continued to rebound and factory construction spending is still rising.
Remember, Goldilocks was sleeping soundly, with her belly full of “just right” porridge, until the bears came home.
Senior economist Luis Torres of the Federal Reserve Bank of Dallas noted on Tuesday that Mexico has replaced China as the top U.S. trading partner, racking up $263 billion in trade during the first four months of 2023. China had been the top American trading partner since 2014, when it displaced Canada.
Growth is slowing in services and manufacturing remains in a slump. Inflation is proving to be a “sticky” concern.
Taiwan-based tech giant Foxconn announced Monday its withdrawal from a $19.5 billion joint semiconductor manufacturing deal with Indian metal and energy company Vedanta.
The government of Taiwan announced on Wednesday that it will open a new representative office in the financial hub of Mumbai, establishing its third diplomatic office in India.
President Joe Biden is greenlighting South Korean and Taiwanese semiconductor manufacturers to continue expanding their operations in China thanks to exemptions rewarded to various companies by the administration.
The bones of the U.S. economy are looking good as we hurtle toward the warming months.
This is not the slowdown Jay Powell was looking for.
Durable goods orders soared thanks to purchases of civilian aircraft. But core capital goods orders were much weaker than expected.
President Joe Biden’s administration is setting up a network of advanced computer-chip facilities to boost domestic manufacturing.
General Motors is reportedly preparing to ramp up its electric vehicle (EV) production in a few months to challenge Tesla as Elon Musk grapples with his own business struggles.
The Dallas Fed’s Texas Manufacturing Outlook Survey indicated that factory activity was flat in April after modestly growing in March.
The eighth straight month in negative territory.
A huge and unexpected surge in factory orders for New York manufacturers.
But unseasonably cold weather in March boosted utilities, raising overall industrial output.
President Joe Biden’s claims that his economic agenda has “ignited a manufacturing boom” is a lie debunked by the economic data, Breitbart Economics Editor John Carney explained.
Manufacturing output in the U.S. continued to contract in March, according to a pair of industry surveys released this week.
Manufacturing activity in the central Atlantic region of the United States showed modest improvements in March, according to a survey from the Federal Reserve Bank of Richmond released on Tuesday.
Production increased even though perceptions of general business business conditions worsened and new orders fell.
Manufacturing activity in the Philadelphia area declined again in March, the Federal Reserve Bank of Philadelphia said on Thursday.
Business is still slumping in New York, a survey from the Federal Reserve Bank of New York said Wednesday.
Taiwan-based Apple supplier Foxconn Technology signed a record-breaking deal with India’s southern state of Telangana to manufacture electronics on Thursday.
Former President Donald J. Trump unveiled his plans for a “sweeping pro-American overhaul of our tax and trade policy” aimed at bolstering American production and shedding economic dependence on China.
Factory activity in the Lone Star state declined for the first time since May 2020.
A surprisingly strong month for business investment.
Another “no landing” report.
China’s government propaganda newspaper Global Times finally weighed in on leftist President Joe Biden’s State of the Union address late Wednesday – after ignoring it for a routine Xi Jinping public appearance – and used its coverage to apparently accuse Biden of plagiarizing President Donald Trump.
The manufacturing sector is in a recession. Hasn’t anyone told Joe?
3M announced Tuesday it will cut 2,500 manufacturing jobs as the industrial giant reported lower profits and offered a lackluster 2023 outlook based on weakening demand.
High energy bills and green agenda policies have led to a major British steel producer halting production in Wales and England, laying off around 440 steelworkers.
Tata Group, India’s largest multinational conglomerate, is reportedly in talks with Taiwan’s Wistron Corporation to purchase the latter’s $600 million iPhone manufacturing plant in Karnataka, India.
Food inflation in Britain hit its highest rate in history in December, as Christmas spending soared while consumers actually took home less.
