U.S. manufacturing slumped further in February, with a measure of factory employment dropping to a seven-month low.
Read More US manufacturing sector struggling to recover -ISMTag: inflation
Apple cancels work on electric car, source says
Apple has canceled work on its electric car, a source familiar with the matter told Reuters on Tuesday, a decade after the iPhone maker kicked off the project.
Read More Apple cancels work on electric car, source saysMacy’s Closing 150 Stores By 2026, Pivoting To Luxury Sales
Macy’s plans to close almost 150 locations nationwide in order to move towards leaning more heavily on its luxury Bloomingdale’s and Bluemercury chains.
Read More Macy’s Closing 150 Stores By 2026, Pivoting To Luxury SalesBobby Eberle Recaps CPAC 2024
CPAC is this week and topics of Border Security, Gang Violence, and Inflation were the main themes this year.
Read More Bobby Eberle Recaps CPAC 2024The Biden Administration’s New Regulation Could Wipe Out 1 Million U.S. Jobs
The Biden administration’s Environmental Protection Agency (EPA) has put a new law into regulation that could potentially cut one million jobs across the country and could undermine new efforts to build new manufacturing facilities.
Read More The Biden Administration’s New Regulation Could Wipe Out 1 Million U.S. JobsMarkets underestimate risk of inflation re-accelerating, says PIMCO
Equity and fixed income markets may be too optimistic on how quickly central banks will cut interest rates.
Read More Markets underestimate risk of inflation re-accelerating, says PIMCO