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In August, industrial production in the US increased by 0.4% compared to July, exceeding the forecast of experts who had expected growth of 0.3%. This was reported by the US Federal Reserve System. In the processing industry, output increased by 0.2% after an increase of 0.3% a month earlier. The increase is observed for the third month in a row. In August, production of cars and parts for them increased by 4%, of consumer goods - by 03%, of business equipment - by 1.28%. Utilities companies increased output by 1.2%, mining companies - by 0.7%. At the same time, oil and gas production decreased by 0.5% last month.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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