Markets

Dow jumps 422 points in rebound from worst week since March

US stocks rallied on Monday as encouraging economic data and election bets lifted indexes from their worst weekly slump since March. Market volatility picked up as Election Day neared. Former Vice President Joe Biden has enjoyed a lead in the polls, but President Donald Trump has indicated he will contest […]
Dow jumps 422 points in rebound from worst week since March
Markets

US industrial production tanks the most in 101 years amid factory lockdowns

US industrial production plummeted in April by the most since data collection began in 1919. Total production fell 11.2%, and manufacturing output declined a record 13.7% “as all major industries posted decreases,” the Federal Reserve said in a Friday release. Factory activity was one of the first economic areas to […]
US industrial production tanks the most in 101 years amid factory lockdowns
Markets

US factory activity unexpectedly slowed last month for the first time in 3 years — and Trump’s trade war was the main culprit

US factory activity unexpectedly fell in August for the first time since January 2016. The contraction came as the US-China trade war continued to reduce demand for products from American manufacturers. The Institute for Supply Management’s purchasing managers index – a closely-tracked gauge of US manufacturing – slumped to 49.1 […]
US factory activity unexpectedly slowed last month for the first time in 3 years — and Trump’s trade war was the main culprit