US factories keep gaining, but construction keeps slowing
WASHINGTON - Two economic reports out Friday morning appear to show a U.S. economy that's moving in two directions at once. While the nation's manufacturing sector expanded for the fourth straight month in June, construction spending unexpectedly fell in May for the second straight month.Regarding the first, the Institute for Supply Management says its manufacturing index rose to 53.2 last month from 51.3 in May (anything above 50 signals growth). That's the strongest reading since February 201..>> view originalHyperloop One Replaces Co-Founder Brogan BamBrogan with Senior Vice President of Engineering Josh Giegel
Hyperloop One Inc. on Friday announced an executive shake-up, replacing one of the startup’s founders with its senior vice president of engineering, just as it faces a critical juncture in bringing its high-speed transport technology to life. Hyperloop One said it has promoted Josh Giegel to president of engineering. Mr. Giegel, who joined the company in November 2014, is taking over from Brogan BamBrogan, who as chief technology...>> view originalAverage income for top 1 percent of households surged 7.7 percent in 2015
The Highlands Ranch Mansion in Highlands Ranch, Colorado on March 8, 2016. Financial inequality became even wider in the U.S. last year, with average income for the top 1 percent of households surging 7.7 percent to $1.36 million. Income for the richest sliver rose twice as fast as it did for the remaining 99 percent of households, according to an updated analysis of tax data by Emmanuel Saez, an economics professor at the University of California, Berkeley. Still, the incomes of households out..>> view originalMarkets Right Now: US stocks end strong week with tiny gains
NEW YORK (AP) — The latest on developments in global financial markets (all times local): 4:00 p.m. Stocks closed out a big week with minor gains as markets stage a comeback after a swoon following Britain's historic vote to leave the European Union. The U.S. market ended the week up 3 percent Friday, its biggest weekly gain since November. British stocks have regained all the ground they lost since the vote last week, and U.S. stocks have come close. Consumer-focused stocks rose more than the ..>> view originalBest 4th of July sales shopping tips on what to buy
Courtney Jespersen, NerdWallet 8:01 a.m. EDT July 2, 2016Retailers oftentimes offer sales during the holiday weekends.(Photo: Jeff Chiu, AP)First there were Mother’s Day sales, then Memorial Day sales and Father’s Day sales. Now retailers are gearing up for Fourth of July sales.Before these events blend into an endless stream of banner ads and spam emails, learn which products are the best buys if you’re shopping this July 4th — and see some of the deals that will sparkle this year...>> view originalBiggest private coal producer warns of cutting 80 percent of workforce, head blames Obama policies
Murray Energy Corp., the largest privately held coal miner in the U.S., has warned that it may soon undertake one of the biggest layoffs in the sector during this time of low energy prices. In a notice sent to workers this week, Murray said it could lay off as many as 4,400 employees, or about 80% of its workforce, because of weak coal markets. The company said it anticipates “massive workforce reductions in September.” The law requires a 60-day waiting period before large layoffs occur. Layof..>> view originalTesla driver killed in autopilot crash was watching 'Harry Potter'
WASHINGTON — The first American death involving a car in self-driving mode presents a dilemma: How aggressively to embrace the potentially life-saving technology after a fatal crash. The driver’s history of speeding further complicates the question. The National Highway Traffic Safety Administration is investigating the design and performance of the Tesla Model S vehicle’s “Autopilot” system after announcing the death of a driver on Thursday. The system was engaged at the time of the crash, but..>> view originalUS Construction Spending Surprises with 0.8% Slip in May
| Share | Share | Share | Share The total nominal value of construction spending put in place in the U.S. fell 0.8% in May to a seasonally adjusted annual rate of $1,143.3 billion from a downwardly-revised estimate of $1,152.4 billion in April. The May report included annual revisions dating back to January 2014. Back-to-back negative construction spending readings in April and May suggest the second quarter will be weak. Moreover, declines are broadly based with much of the weak..>> view original
Sunday, July 3, 2016
US factories keep gaining, but construction keeps slowing and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment