Orders for durable goods rose far above expectations in February, climbing 0.9 percent to $289.3 billion, according to the Commerce Department’s report released Wednesday. Economists had forecast a 1.0 percent decline, but instead, businesses continued to invest heavily in big-ticket
The ISM manufacturing index registers expansion for the first time after 26 months in contraction territory.
A tire factory in Tonawanda, New York, was shut down on November 7, a move that left 1,550 people jobless.
Two people are dead and at least eleven were hospitalized after a Louisville, Kentucky, food-coloring factory exploded, damaging homes and other businesses in the area.
Vice President Kamala Harris (D) had an awkward moment on Monday in Michigan while touring a semiconductor manufacturing facility.
Turkish superstar drone manufacturer Baykar has broken ground on a new factory near Kyiv, Ukraine, that will manufacture the company’s popular armed drones, which the Ukrainians have used to great effect against Russian invaders.
Several people are dead or unaccounted for in the aftermath of an explosion at a Pennsylvania chocolate factory.
The Kansas City Fed manufacturing survey indicated a significant slump in activity even while it remained in positive territory.
When a tornado approached Mayfield, Kentucky, on Friday, workers at a candle factory heard the sirens and wanted to leave. Now approximately five of them claim supervisors said they would be fired if they left early.
A hero brought a grill, food, and water to tornado-rocked Mayfield, Kentucky, and started cooking for the town’s victims.
Durable goods orders were weaker than expected in February, perhaps driven down by harsh winter weather.
Growth continued for the sixth straight month but the pace slackened in November.
Orders for longer-lasting goods are back above 95 percent of their pre-pandemic level.
Geno DiFabio, a trucker in Lordstown, Ohio, says only President Trump could have brokered a deal to keep auto jobs in his community after General Motors (GM) idled their plant.
The monthly manufacturing survey’s results show a bigger than expected rebound, pushing the purchasing manager index up at a pace not seen since 1980.
Orders for durable goods bounced back much more than expected.
Durable goods orders fell 14.7 percent. Capital goods orders dropped by 33.4 percent.
The manufacturing sector is no longer hurtling toward a deep contraction but conflicting reports on Monday leave question of growth open.
Sluggish global growth is weighing on the U.S. economy, pushing the dollar higher and dragging down U.S. exports.
Campbell Soup Company announced that it would close its Toronto, Canada, plant and shift production to three U.S. factories.
“He just wanted to let me know he’s going to buy a big plant in the great state of North Carolina,” Trump told reporters.
Samsung Electronics is planning on a major investment to expand its U.S. production facilities in at least five states, according to those familiar with the plan.
Up to 350 manufacturing jobs are being sent to Mexico from a factory in Indianapolis, according to news reports in Indiana.
The New York Times is trying to blame the GOP for General Electric’s decision to move yet another Wisconsin factory out of the United States. This time from a town adjacent to Rep. Paul Ryan’s district.
