The report showed that manufacturing weakened in September for the second straight month as President Donald Trump’s trade war with China dragged on confidence and factory activity. The Dow is down 247.21 points, or 0.9%. The Dow is up 3,245.58 points, or 13.9%. …read more […]
The S&P 500 and Dow suffered their worst tumbles in over a month on Tuesday after data showed U.S. factory activity shrank in September to its weakest in over a decade, ratcheting up fears that the U.S.-China trade war is hobbling the world’s largest economy.
JPMorgan Chase & Co has become so big that some rival banks and analysts say changes to its $2.7 trillion balance sheet were a factor in a spike last month in the U.S. “repo” market, which is crucial to many borrowers.
Deere & Co. said on Tuesday it will indefinitely lay off 163 U.S. manufacturing workers at plants that make agricultural, forestry and construction equipment, citing decreased customer demand. The announcement comes months after the company said it would reduce production by 20% at its facilities in Illinois and Iowa in the second of half of the year. The facilities affected by the layoffs are Harvester Works in Illinois and Davenport Works in Iowa. …read more […]
The Dow and S&P 500 had their worst tumble in over a month on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, ratcheting up fears that a U.S.-China trade war could hobble the world’s largest economy.
Deere & Co. said on Tuesday it will indefinitely lay off 163 U.S. manufacturing workers due to decreased customer demand.
Deere & Co. said on Tuesday it will indefinitely lay off 163 U.S. manufacturing workers at plants that make agricultural, forestry and construction equipment, citing decreased customer demand. The announcement comes months after the company said it would reduce production by 20% at its facilities in Illinois and Iowa in the second of half of the year. The facilities affected by the layoffs are Harvester Works in Illinois and Davenport Works in Iowa. …read more […]
(Bloomberg) — Juul Labs Inc., the largest maker of nicotine vaporizers in the U.S., said it will stop lobbying for a ballot measure to overturn San Francisco’s ban on the sale of e-cigarette products.The measure, called Proposition C, will still appear on the Nov. 5 ballot, but the loss of the biggest financial supporter of the effort comes at a crucial time, in the final weeks when voters are weighing the issue. Michael Bloomberg, the founder and majority owner of Bloomberg LP, is funding a campaign to defeat the measure. Ads from both sides have blanketed the city in recent …read more […]
OPEC Chief Mohamed Barkindo has cordially invited every oil producing nation in the world to join the OPEC+ coalition in an attempt to balance oil markets …read more […]
American Airlines Group’s pilots want compensation for lost pay stemming from flights canceled as a result of the Boeing 737 MAX grounding, the head of the airline’s pilot union said on Tuesday.
The United Auto Workers union said on Tuesday it rejected a new comprehensive offer from General Motors Co to end a two-week-old strike, saying the automaker came up short on several fronts including wages, healthcare and temporary workers.
The United Auto Workers union said a new comprehensive offer made by General Motors Co late Monday to end a two-week-old strike was not acceptable and said it had made a new counterproposal.
General Motors Co said Tuesday an ongoing strike by U.S. workers has forced it to halt production at its pickup and transmission plants in Silao, Mexico, temporarily laying off 6,000 workers.
Wall Street tumbled on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, ratcheting up fears that a U.S.-China trade war could hobble the world’s largest economy.
Italian prosecutors have widened an inquiry into suspected safety breaches at subsidiaries of Atlantia ATL.MI to include more employees and viaducts than they identified last month, two sources close to the investigation told Reuters.
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