manufacturing

That sound you’re hearing might be a sigh of relief from investors reacting to this morning’s monthly payrolls report. After a weak showing in February that raised fears of an economic slowdown, job creation bounced back in a big way with 196,000 jobs added by the U.S. economy in March...

Survey data from the manufacturing and service sectors continue to point towards growth in the overall economy. Manufacturing activity rebounded nicely in March, while readings from the service sector slipped but remain generally strong. Data from the Institute of Supply Management (ISM) showed...

Fast Radius, an industrial-grade contract manufacturer specializing in additive manufacturing, has raised $48 million in Series B financing, with the round led by UPS alongside insider participation from Drive Capital. Fast Radius has stated that the funding will be channeled towards accelerating...

Optimism about a trade deal between the U.S. and China has ebbed and flowed in recent months. Today, it seems to be swelling, and in this case a rising tide lifts all freighters. With talks between the world’s two largest economies continuing in Washington this week, hopes seemed high after a...

  Global mega-box port operator China Merchants Port Holdings recorded a 6 percent increase in its world box throughput in 2018 compared to the year before. The Hong Kong Stock Exchange-listed port operator revealed its throughput details while disclosing that it had generated revenues of HK...

How can Wall Street follow up its best day in nearly two months? That’s the question Tuesday after the S&P 500 (SPX) touched a nearly six-month high Monday amid growing enthusiasm about both the U.S. and Chinese economies. If anything stands in the way of continued gains, it might be...

Industrial production rose by a paltry 0.1% in February, restrained by a second consecutive decline in manufacturing activity The Federal Reserve released results from the industrial sector this morning, showing that total industrial production rose by 0.1 percent in February from January's...

U.S. manufacturing increased in February, though at a moderately slower pace than in January, the Institute for Supply Management (ISM) said today in its monthly report on the nation's production activity. The Purchasing Managers' Index (PMI), the compilation of the report's 10...

Honda has confirmed that it will close its Swindon car plant in 2021 along with a smaller plant in Turkey, with the loss of 3,500 jobs in the British factory. However, up to four times as many jobs at companies that supply the Honda facility will likely be lost, including transport and logistics...

Honda, the Japanese-headquartered car manufacturer, is expected to announce the closure of its production facilities in the United Kingdom tomorrow with the potential loss of 3,500 jobs. It is anticipated that the manufacturing plant will close in 2022. Both the British Government and Honda have...

Foxconn Technology Group created more uncertainty for its suppliers on Friday when it announced that it's recommitting to building a liquid crystal display monitor (LCD) factory in Mount Pleasant, Wisconsin, according to the Wall Street Journal. Hon Hai Precision Industry Co., Ltd.,...

Desktop Metal, an additive manufacturing [3D printing] firm which specializes in metal printing, announced last week that it raised $160 million from a financing round led by Koch Disruptive Technologies (KDT), a subsidiary of Koch Industries. According to Desktop Metal's press release, this...