manufacturing

Key Takeaways: JS Global Lifestyle’s profit fell 37% last year, as it blamed growing competition in its main China market following a spinoff of most of its global business The kitchen appliance maker’s spinoff of its U.S.-based SharkNinja unit reflects a growing trend among Chinese...

The U.S. manufacturing sector showed signs of resurgence in January, buoyed by a significant increase in new orders, potentially marking the end of a prolonged contraction phase. Data published Thursday highlighted an upward revision in the final reading of the S&P Global US Manufacturing PMI...

The U.S. economy demonstrated a robust beginning to 2024, according to the latest flash PMI estimates from S&P Global. Marking a significant upturn, overall business activity accelerated to its fastest pace since mid-2023, driven predominantly by the service sector, with manufacturing also...

With Quiver Quantitative’s recent institutional holdings data, we can see that hedge funds and asset managers have been increasing their holdings in Jabil Inc. (NYSE: JBL). Firms such as Fidelity, Point72 Asset Management, and Whale Rock Capital Management have all recently added to...

Economic activity in the U.S. manufacturing sector contracted in December for the 14th consecutive month, marking the longest slump for the sector since 2000-2001. This persistent downturn highlights ongoing challenges faced by the industry, despite some areas showing signs of stabilization. Key...

The United States economy is displaying slightly stronger performance as 2023 came to a close, with business activities accelerating to its fastest pace since July. This uptick was primarily driven by the service sector, despite ongoing challenges in manufacturing. According to the S&P Global...

U.S. economic activity presented a mixed picture in November, as revealed by the latest Purchasing Managers’ Index (PMI) data from S&P Global. The data released Friday reflects a slight contraction in the manufacturing sector and unexpected growth in services. Manufacturing Sector Takes...

Illinois Tool Works Inc. (NYSE: ITW) reported third-quarter FY23 revenue growth of 0.5% year-over-year to $4.031 billion, missing the consensus of $4.09 billion. The operating income increased 9% Y/Y to $1.1 billion, and the operating margin was 26.5%, an increase of 200 bps. GAAP EPS...

U.S. manufacturing activity rebounded unexpectedly in September, suggesting the sector may be emerging from a prolonged slump. The ISM Manufacturing PMI surged to 49, surpassing expectations (47.8) and reaching its highest level since November 2022, but still indicating a slight contraction for the...

Philadelphia’s manufacturing sector demonstrated a remarkable turnaround in August, as indicated by the latest report from the Philadelphia Fed Manufacturing Index. The index surged to +12, a stark contrast to July’s dismal -13.5 figure. This positive uptick not only surpassed market...

The much-awaited Fed Beige Book released Wednesday provides insights into the state of the economy, showing a slight increase in overall economic activity since late May but warning that a period of slow growth is approaching. Among the 12 Federal Reserve Districts surveyed, only two –...

Following the lower-than-expected consumer price inflation data released Wednesday, there may be more positive news coming on the inflation front with the Thursday release U.S. producer price index (PPI) report. Economists predict a year-over-year increase of 0.4% for the PPI index in June, down...

Intel Corporation (NASDAQ: INTC) has been making dramatic changes to its PC chips in an effort to regain its former glory on the front. The chip giant adopted a heterogenous architecture to mix powerful cores with smaller efficiency cores and this strategy in an effort to strike back its rival...

The latest Purchasing Managers' Index (PMI) survey from S&P Global showed Tuesday that business activity in the United States reached its highest level in 13 months in May, rising to 54.5 and indicating expansion, although the gap between manufacturing and services continues to widen...

Shares of Siemens Aktiengesellschaft (OTCPK: SIEGY) showcased a massive 78% rally after 2022, full of natural growth, paired with enriched multiples on these expanding financials. Today, Siemens chart shows that the stock is consolidating around the $77-$80 range as investors look for...