The numbers: Industrial production fell 0.2% in June, the Federal Reserve reported Friday. This is the first decline of the year. Wall Street economists had expected a 0.1% gain in Read more
Tag: Production
Oil bounces as report dampens expectations for Saudi output rise after Biden visit
Oil futures bounced Friday, but remained on track for hefty weekly losses, after a news report said the U.S. doesn’t expect Saudi Arabia to immediately boost production during President Joe Read more
Rio Tinto says 2Q iron-ore exports up, but cautions on economic outlook
Rio Tinto PLC on Friday sounded a cautious note on the global economic outlook, even as it reported a lift in shipments of its flagship product iron ore, the main Read more
Opinion: Semiconductors are too important for our economy and security to let partisan spats in Congress derail popular legislation
One of the biggest supply-chain challenges we face today is getting more semiconductors, which are essential to products like automobiles, computers, solar panels and weapons systems. Despite this challenge, it Read more
America’s housing inventory rose 28% as mortgage rates increased. Our interactive map can help you track the number of homes available for sale near you.
For the last several years, the number of homes available for sale in Charlotte, N.C., plunged, making life miserable for home buyers and fueling the upward rise of housing prices Read more
India’s central bank takes steps to stem rupee’s slide
India’s central bank has relaxed debt-market rules for foreign portfolio investors and allowed commercial banks to raise interest rates on non-residents’ foreign-currency deposits in a bid to support the rupee Read more
Rivian’s second-quarter sales, production a ‘boost’ for investor confidence, analysts say
Rivian Automotive Inc. stock rallied Wednesday after Wall Street viewed the electric-vehicle maker’s quarterly sales and production numbers as boding well for Rivian’s 2022 targets. Rivian RIVN earlier Wednesday reported Read more
Opinion: A revolution on the supply side is needed to defeat inflation without crushing the global economy
MILAN, Italy (Project Syndicate)—Central banks’ efforts to contain high and rising inflation are fueling headwinds to growth and are threatening to tip the global economy into recession. But the proximate Read more
General Motors slowly ramps up production of electric Hummer truck
The waiting list for General Motors Co. GM, -5.05%’s new GMC Hummer electric pickup truck and related SUV model recently topped 77,000 prospective buyers. Most are likely in for a long wait. GM’s Read more
Oil lower on rising gasoline, distillate supplies
Oil futures traded lower early Thursday as investors focused on storage data released a day earlier showing a rise in inventories of gasoline and distillates. Price action West Texas Intermediate Read more