The news: The U.S. international trade deficit narrowed 1.3% in May to $85.5 billion, the Commerce Department said Thursday. Economists surveyed by The Wall Street Journal had predicted the deficit Read more
Tag: Machinery/Industrial Goods
The U.S. won’t officially be in recession if GDP shrinks again — and here’s why
Since World War Two the U.S. economy has never shrunk for two quarters in a row without a recession being declared, but an exception to the rule could happen soon. Read more
U.S. factory orders jump 1.6% in May — but the good times might not last
U.S. factory orders jumped 1.6% in May in a show of strength among manufacturers — but a more recent survey of of top executives suggests demand might be waning in Read more
U.S. manufacturers grow at slowest pace in 2 years, ISM finds, as demand softens
The numbers: The ISM barometer of American factories fell 3.1 points to a two-year low of 53% in June in another sign the U.S. economy is slowing. High inflation is still Read more
Chicago PMI down sharply in June
The Chicago Business Barometer, also known as the Chicago PMI, fell to 56 in June from 60.3 in the prior month. Economists polled by the Wall Street Journal forecast a Read more
Jobless claims inch lower in latest week
The numbers: Initial jobless claims fell 2,000 to 231,000 in the week ended June 25, the Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated new Read more
Wisconsin Energy, Oracle, GE are stocks to watch
NEW YORK (MarketWatch) — A spurt of acquisition announcements or talk of deals involving Wisconsin Energy Corp., Oracle Corp., and General Electric Co. may set those shares up for active Read more