manufacturing

United Parcel Service, Inc. (NYSE:UPS) Thursday reported its first revenue beat in 10 quarters. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Stifel analyst Bruce Chan maintained a Buy rating, while lifting the price target from $151 to $...

Germany is facing a sharp downturn in its manufacturing sector. What Happened: New orders for German manufacturing fell by 5.8% month-over-month in August, according to data from the German Destatis. This was a deeper-than-expected decline — much larger than the 2% drop forecasted by Bloomberg...

President Donald Trump‘s threat to put a 200% tariff on Deere & Company (NYSE:DE) products has billionaire Mark Cuban riled up. What Happened: On CNBC’s “Squawk Box,” Cuban debated CNBC host Joe Kernen who said there has not been a manufacturing boom since the Inflation...

The U.S. manufacturing barometer continued its contractionary trend for the fifth consecutive month in August, though the pace of decline eased slightly compared to July, according to surveys from the Institute for Supply Management (ISM). August marks the 21st month of contraction in the U.S....

Economic data released Thursday morning revealed slightly higher-than-expected weekly unemployment claims, sharp contractions in housing starts and building permits, and a drop in a business outlook survey within the Philadelphia Federal Reserve District. Thursday’s Economic Releases: Key...

Former President Donald Trump has changed the Republican Party’s economic policy in recent years, opting for protectionism and tariffs in a historic departure from conservative norms. Trump floated a new policy idea to CEOs and lawmakers in a meeting ahead of the 2024 election. What Happened...

The Tema American Reshoring ETF (NYSE:RSHO), the first U.S.-listed fund dedicated to reshoring investing, outperformed the S&P 500 Index over the last year, remarkably achieving this without holding any of the high-flying Magnificent Seven stocks. As of June 3, 2024, the RSHO ETF recorded a 32...

All major U.S. equity indices opened the week with losses, as traders shifted to safe-haven bonds and gold amid concerns affecting the health of the U.S. manufacturing activity. In May, the ISM Manufacturing PMI dropped to 48.7, marking a faster-than-expected contraction. This follows a bleak...

The U.S. manufacturing activity barometer contracted more than expected in May, leading to a sharp retreat in Treasury yields at the start of the week. After falling back into contraction in April, manufacturing activity continued to decline for the second consecutive month, according to the...

Airbus SE (OTC:EADSY) is reportedly encountering additional challenges in its planned increase in passenger jet production. The world’s leading aircraft manufacturer is struggling with persistent shortages of parts and labor, reported Reuters, citing a source. It is unclear whether the...

The U.S. manufacturing activity sentiment missed expectations in April. After a brief uptick in March, activity retraced back into contraction, according to the Institute for Supply Management (ISM). April ISM Manufacturing PMI Report: Key Highlights The ISM Manufacturing PMI declined from 50.3%...

Iron ore prices were boosted by hopes of an industrial recovery in China following data that showed improving activity in the country’s manufacturing sector. Singapore iron ore 58% futures rose 3.8% on Monday, reversing earlier losses that took the prices nearly 4% lower, while futures on the...

U.S. manufacturing activity exceeded expectations in March 2024, achieving its fastest growth rate since September 2022. This has triggered an immediate rebound of the dollar, driven by a shift in expectations regarding interest rates, as traders now anticipate stronger economic data, potentially...

According to Goldman Sachs, an improvement in global manufacturing activity is leading to conditions historically known to boost the market. Analyst Cecilia Mariotti projects a promising alignment in global manufacturing data with the vigorous growth levels seen in the service sector, a convergence...

Retail sales experienced a sharp slowdown in January following robust holiday-driven performance in the last month of 2023. Among other data released Thursday morning, signs of recovery emerged from surveys on manufacturing activity in New York and in the third Federal Reserve District of...