manufacturing

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM), a foundry that supplies chips to the likes of Apple Inc (NASDAQ: AAPL), is taking steps to alleviate the chip shortage which has come to plague companies cutting across sectors. What Happened: At a special meeting of TSMC's...

Apple Inc. (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd. - ADR (OTC: HNHPF), aka Foxconn, reported Tuesday strong revenue growth for the quarter ended March. What Happened: Foxconn's first-quarter revenues were at 1.34 trillion new Taiwanese dollars ($47.05 billion), up 44....

The Past Week, In A Nutshell What Happened: In an extension of the sharp rotation out of safety on a sustained economic rebound after the COVID-19 coronavirus pandemic, stretched sentiment propelled stocks to record closing highs. Remember This: “We are starting to see some extreme measures...

Former Walmart Inc (NYSE: WMT) U.S. CEO Bill Simon and former South Carolina Gov. Nikki Haley wrote in a Fortune op-ed American companies need to consider shifting production back to the U.S. or at least source materials from U.S.-friendly companies. What Happened: Despite what many people...

The shares of Mohawk Industries, Inc. (NYSE: MHK) dipped in the after-hours session on Monday after the company disclosed that it is facing a class action over alleged federal securities law violations. What Happened In a filling with the Securities and Exchange Commission, the flooring products...

Thousands of workers in General Electric Company’s (NYSE: GE) aviation subsidiary are impacted as company furloughs half its aircraft engine manufacturing workforce. What Happened The ongoing coronavirus pandemic is hitting the aviation industry hard, as airlines ground planes and delay...

Manufacturing activity declined across Texas in March as the coronavirus caused some plants to shut down and others to furlough thousands of workers. According to a monthly survey of the Federal Reserve Bank of Dallas (FRBD), general business activity for manufacturing in Texas declined to -70 in...

Tesla Inc's (NASDAQ: TSLA) recent breakout market performance is proving its skeptics wrong as by mid-January, Tesla's market capitalization had reached $107 billion. It ran over the giant German automaker Volkswagen (OTC: VWAGY) and has become the world's second most valuable auto...

Turnaround Tuesday showed up a day early. Stocks sizzled Monday, with major indices racing to their biggest daily gains since 2018 and scrambling back above some key psychological levels as investors swooped in to buy beaten-down shares. The S&P 500 Index (SPX) climbed 4.6% to close...

Manufacturing Outlook: The coming week will be telling for the industrial segment. The Institute for Supply Management updated the Purchasing Managers' Index (ISM.PMI). It breached the 50-expansion threshold in for two consecutive months. There may be some talks of a turnaround for the...

Wall Street’s risk-off mood appears to be continuing this morning as rising coronavirus tallies seem to have investors on edge. Even as this earnings season continues to be generally better than expected, investors and traders seem to be focusing instead on the outbreak’s potential...

Last week we saw new all-time highs in three of the four major U.S. stock index futures products (/ES, /NQ, /YM) even as concerns associated with the coronavirus continue to linger – the S&P 500 posted its best week since June. The move up was on better-than-expected economic data here in...

Ford Motor Company's (NYSE: F) fourth quarter was not a good one. Stock sharply lowered on Wednesday, after the company reported earnings that fell short of expectations and gave weak guidance for the year ahead. Shares plunged 9 percent after results were announced on Tuesday after...

Market Expert Donny Gilbert discusses weather impacts on western markets with Meteorologist Nick Austin before examining national volumes in the Carrier Update presented by PowerFleet, then Research Analyst Andrew Cox discusses growth in manufacturing with Lead Economist Anthony Smith in the...

It started as a buy-the-dip rally, but it seems to have morphed into a buy-into-strength rally, with major indices eyeing fresh all-time highs. Whatever you call it, it’s been a wild week, and we’re not even at halftime. The latest surge came in pre-market trading Wednesday after Asian...