America Is Back in the Factory Business
John Keilman Wall Street Journal April 8, 2023 Record spending on manufacturing construction heralds a made-in-the-U.S. rebound, stoked by green-energy incentives and concerns about foreign supply chains; ‘this is here to stay’ Production at U.S.
Will the rest of the world feel China’s deflation pain?
Chris Gills Financial Times August 16, 2023 Beijing’s economic woes worsened last week after it emerged China had fallen into deflation. The news highlights how the country is struggling to live up to expectations of
US Retail Sales Top Forecasts, Showcasing Consumer Resilience
Reade Pickert Bloomberg August 15, 2023 July sales rose 0.7% after upward revisions to prior months Broad gain included firmer sales at online, clothing retailers US retail sales rose in July by more than forecast,
Why Deflation Could Become a Welcomed Chinese Export: Next China
Bloomberg News Bloomberg August 11, 2023 Hello, this is James Mayger in Beijing. China’s deflation threat is real. While that’s a problem for its domestic economy, Americans and many others around the world should welcome the
China Now Sells Fewer Goods to the US Than Mexico or Canada Do
Augusta Saraiva Bloomberg August 8, 2023 Mexico and Canada have replaced China as the top providers of goods to the US as a nearshoring push encourages more diversified supply chains. The US imported about $203 billion in
Wall Street Forecasts Project Profit Recession Ends Next Quarter
Jessica Menton Bloomberg August 5, 2023 With Corporate America’s earnings season nearing an end, the takeaway is clear: Challenges remain, but for a broad swath of companies the worst of the profit pain is likely
JPMorgan Scraps Recession Call in Latest Sign of Rising Optimism
Reade Pickert Bloomberg August 4, 2023 JPMorgan Chase & Co. economists scrapped their call for a recession in the US, joining a growing number of forecasters who now expect the economy to avert the downturn
US Productivity Jumps by Most Since 2020, Blunting Labor Costs
Reade Pickert Bloomberg August 3, 2023 US labor productivity logged its biggest increase in the second quarter in nearly three years, helping to offset rising labor costs. Productivity, or nonfarm business employee output per hour,
S&P 500 Profits Get a Lift From the Crack in King Dollar’s Reign
Jessica Menton Bloomberg July 29, 2023 Traders bet greenback will fall more, helping overseas sales End of Fed rate hikes adds to pressure weighing on US currency With the Federal Reserve nearing the end of its most
US GDP Growth Accelerates to 2.4% as Consumers Show Resilience
Reade Pickert Bloomberg July 27, 2023 Household spending tops estimates, business investment robust Latest data likely add to hopes that US can skirt a recession US economic growth unexpectedly picked up steam in the second