Outlays for construction projects rose 0.2% in November to $1.81 trillion, the Commerce Department reported Tuesday. Wall Street was expecting a drop of 0.4%. Spending in October fell a revised Read more
Tag: output
U.S. manufacturing sector losing steam
The numbers: U.S. industrial production fell 0.1% in October, the Federal Reserve reported Wednesday. The gain was below Wall Street expectations of a 0.1% gain, according to a survey by Read more
Foxconn to invest an additional $170 million in Lordstown Motors
Foxconn Technology Group, the world’s biggest contract manufacturer for electronics, is deepening its investment in Lordstown Motors Corp., a once-troubled EV startup that recently began building its first all-electric pickup truck at a former General Motors Co. plant Read more
Good news for homebuyers: The number of active house listings soared in October. But a closer look reveals a more depressing picture.
Some good news for homebuyers: The number of for-sale listings available for homebuyers increased at a record pace in October, according to a new report. According to the report from Read more
U.S. productivity picks up a bit in third quarter
The numbers: U.S. productivity rose at a 0.3% annual clip in the third quarter, the government said Thursday. That’s the first gain after two straight sharp quarterly declines. Economists surveyed Read more
This oil company is America’s hottest stock. Why won’t its CEO pump more oil?
Vicki Hollub’s Occidental Petroleum controls the biggest piece of the most important area for oil production in the United States. Not so long ago, an oilman in a position like Read more
This oil company is America’s hottest stock. Why won’t its CEO pump more oil?
Vicki Hollub’s Occidental Petroleum controls the biggest piece of the most important area for oil production in the United States. Not so long ago, an oilman in a position like Read more
How Russia’s war in Ukraine helped the FBI crack one of the biggest cybercrime cases in years and Americans are finally ready for a big family Thanksgiving celebration, but the cost might be hard to swallow
Hi, MarketWatchers. Don’t miss these top stories. How Russia’s war in Ukraine helped the FBI crack one of the biggest cybercrime cases in years Investigators nabbed a key figure behind Read more
Opinion: Oil companies can’t just ‘drill baby drill’ at will. Here’s what it really takes to ramp up energy production.
As energy prices rage, President Biden and Republicans have urged companies to increase drilling to lower oil and gasoline prices from 14-year highs. But it’s not that simple. Even after Read more
Apple stock dips amid questions about iPhone production disruptions at Foxconn
Apple Inc. continues to be dogged by concerns about the pandemic’s impact on production after recent reports indicated that strict COVID-19 restrictions in China were affecting Foxconn, which manufactures iPhones. Read more