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US Manufacturing Confidence Tops Forecasts, Yet Price Pressures Intensify, 'Could Become A Concern,' Economist Says
Monday, February 3, 2025 - 12:02pm | 639The U.S. manufacturing sector surprisingly returned to expansion in January, signaling renewed business optimism, though mounting input costs pose a growing inflation risk for the months ahead. Two key indicators tracking U.S. factory activity that were released Monday showed stronger-than-expected...
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Volkswagen 'Concerned' Over Trump Tariffs: Will Automakers Pass Costs To US Consumers?
Tuesday, January 21, 2025 - 2:08pm | 639Volkswagen AG (OTC:VWAGY) is upset about U.S. President Donald Trump‘s proposed tariffs on imports from Mexico. The Wolfsburg, Germany-based car manufacturer “is concerned about the harmful economic impact that proposed tariffs by the U.S. administration will have on American consumers...
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Flexible Solutions Secures Major US Food-Grade Manufacturing Deal, Stock Soars
Thursday, January 16, 2025 - 11:56am | 347Flexible Solutions International, Inc. (NYSE:FSI) shares surged on Thursday after the company entered into a new partnership with a U.S.-based company to manufacture food-grade products under a non-exclusive agreement. The agreement, which started on Jan. 7, is set for a five-year term, with the...
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Apple Stock Has Moved Up 4.2% Since iPhone 16 Launched, Analyst Says It Has Another 8% Upside As Manufacturing Cost Decline Bolsters Cupertino's Margins
Thursday, January 16, 2025 - 3:24am | 683Apple Inc.’s (NASDAQ:AAPL) manufacturing costs for its latest iPhone lineup show promising trends for margins, according to a new Bank of America analysis. The teardown study reveals significant cost reductions in Pro models while highlighting the company’s strategic pricing approach...
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Arm, Qualcomm Face Off In Court: What To Expect From Silicon Soap Opera
Monday, December 16, 2024 - 6:54pm | 630Two of the globe’s largest chip manufacturers will clash in court this week due to a disagreement over intellectual property. What Happened: Arm Holdings plc's (NASDAQ:ARM) legal spat with Qualcomm Inc. (NASDAQ:QCOM) commenced Monday, Dec. 16, before a federal jury in Delaware, Bloomberg...
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US Manufacturing Output Tops Forecasts In November: Is The Sector's Crisis Over?
Monday, December 2, 2024 - 12:00pm | 594The U.S. manufacturing sector showed signs of improvement in November, yet it failed to avoid another month of contractionary conditions. The Manufacturing Purchasing Managers’ Index (PMI) rose from October’s 46.5% to 48.4% in November, exceeding analyst expectations of 47.5%, as...
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Friday, November 29, 2024 - 3:43pm | 1627Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...
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US Manufacturing Shrinks For Seventh Straight Month, Contraction Accelerates In October
Friday, November 1, 2024 - 11:05am | 401Economic activity in the U.S. manufacturing sector contracted for the seventh consecutive month in October, marking the 23rd decline in the past 24 months. What Happened: According to the latest Manufacturing ISM Report On Business released today, the manufacturing purchasing managers’ index...
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Deal Dispatch: UFC, WWE Parent TKO Takes On Bull Riding; Endeavor Looks To Sell Tennis; Another Car Company Goes Bankrupt
Saturday, October 26, 2024 - 2:31pm | 761New On The Block Ari Emanuel‘s sports and entertainment conglomerate, Endeavor Group Holdings Inc (NYSE:EDR), is reviewing a potential sale of IMG tennis assets — including the Miami Open and Madrid Open tennis tournaments. Most of IMG’s other assets were included in a transaction...
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UPS Posts Q3 Beat, Cuts Revenue Outlook: 'Manufacturing Needs To Recover For Uncertainty To Subside,' Analyst Says
Friday, October 25, 2024 - 12:33pm | 590United 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 $...
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Germany's Manufacturing, Economic Engine Falters: Why US Investors Should Care
Monday, October 7, 2024 - 11:32am | 627Germany 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...
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Mark Cuban Compares Donald Trump, Small Businesses To Hammers And Nails: 'Do You Want To Be Underneath A Hammer?'
Thursday, September 26, 2024 - 12:19pm | 793President 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...
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US Manufacturing Activity Extends Contraction For Fifth Month: 'Demand Continues To Be Weak'
Tuesday, September 3, 2024 - 10:41am | 386The 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....
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Jobless Claims Exceed Estimates, Philly Fed Index Declines, Housing Starts And Permits Fall Sharply: Thursday's Economic Digest
Thursday, June 20, 2024 - 9:12am | 573Economic 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...
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No Income Tax, Yes To High Import Tariffs? Trump Floats Idea To CEOs, GOP Lawmakers
Thursday, June 13, 2024 - 2:07pm | 799Former 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...