Stocks initially rose after a new report signaled the country's manufacturers are getting stronger. A jump in orders helped Unites States factories expand in August at the fastest pace in more than two years.
The U.S. trade deficit widened in July from a four-year low in June. American consumers bought more foreign cars and other imported goods, while U.S. companies exported fewer long-lasting manufactured goods. The Commerce Department said Wednesday that the trade gap rose 13 percent to $39.1 billion.
Last week, Walmart Stores announced that they would be holding a summit on U.S. manufacturing, and there’s a fair amount of skepticism over the company’s motives, particularly considering its long history of sourcing a vast majority of products from overseas.
Driving in America has stalled, leading researchers to ask: Is the national love affair with the automobile over? After rising for decades, total vehicle use in the U.S. — the collective miles people drive — peaked in August 2007. It then dropped sharply during the Great Recession and has largely plateaued since.
A new report on New York's economy calls the last 10 years a "lost decade" for typical workers, with median wages dropping almost 7 percent for men and about 1 percent for women. The Fiscal Policy Institute said the recovery from the Great Recession shows more underemployment despite the state restoring overall jobs lost in the downturn.
The number of Americans seeking unemployment benefits remained near the lowest level in more than five years last week, a sign that companies are cutting few jobs. First-time applications for benefits fell 6,000 to a seasonally adjusted 331,000, the Labor Department said Thursday.
Walmart SVP Michelle Gloeckler explains her company's $50 billion effort to sell more American made goods over the next ten years. Even if Walmart is successful in getting key retailers and suppliers on board, experts say it won't rejuvenate the U.S. manufacturing industry. But the movement could help stem the tide of jobs flowing to China and elsewhere that has been occurring in the last two decades.
The new Mini Cooper Paceman is a two-door crossover SUV that features a turbo-charged engine, four-wheel drive, and a spacious interior. While it could be considered a "less practical, SUV," losing two doors completely changes the character of the vehicle, says CNN's Peter Valdes-Dapena.
A leading indicator shows a fresh spike in manufacturing activity, but with debt pressures lingering and the country on a slower growth track, economists remain cautious on China's outlook. China's manufacturing slowdown stabilized in August in another possible sign the world's second-largest economy is improving, a survey showed.
Toyota is raising the base price of its reworked Corolla compact car by 3.5 percent. Toyota is giving the Corolla a sportier look and more gadgets, a recognition by the world's biggest automaker that the under-50 crowd wants more than just reliability in a compact car.
India's largest carmaker Maruti Suzuki India Ltd. said Tuesday that the opening of its new plant in India's western state of Gujarat will be delayed due to the overall slowdown of the Indian economy and car market. The company's chairman, R.C. Bhargava, stated that the Indian unit of Japan's Suzuki Motor Corp. will "miss the target" of commissioning its Gujarat plant by March 31, 2016.
A central Pennsylvania plant that manufactures Harley-Davidson motorcycles got a visit from the great-grandson of one of the company's co-founders. To kick off the company's 110th anniversary, 52-year-old Bill Davidson revved up the latest ride Monday: a 2014 Street Glide Special.
Peugeot is hoping a total revamp of its midsized hatchback — a category that Volkswagen has long dominated — will help lead the struggling French company's turnaround. The company's chief executive, Maxime Picat, says that all the elements for a rebound are in place.
In a shabby back-alley office in Shibuya, a Tokyo district known for youth culture and tech ventures, defectors from corporate Japan are hard at work for a little known company they fervently believe will be the country's next big manufacturing success.
The ability to push a quaint narrative about a product's origins and fuel a sense of nostalgia can help drive billions of dollars in sales. That's invaluable at a time when food makers face greater competition from smaller players and cheaper supermarket store brands that appeal to cash-strapped Americans.
Tesla Motors Inc.'s shares jumped Monday on a report that its Model S is gaining popularity in California. The report, released by the California New Car Dealers Association, found that the Tesla Model S is among the top five selling models in the luxury and sports-car segment in the state through June of this year.
China's government tried Monday to reassure companies and its public about the economy's health, saying growth is stabilizing after a lengthy decline and should hit the official target of 7.5 percent for the year. The announcement by the chief spokesman for the Cabinet's statistics agency was part of official efforts to defuse unease about the country's deepest slump since the 2008 global crisis.
Orders for long-lasting U.S. factory goods fell sharply last month as demand for commercial aircraft plummeted and businesses spent less on computers and electrical equipment. The Commerce Department said Monday that orders for durable goods plunged 7.3 percent in July, the steepest drop in nearly a year.
Toyota's luxury brand Lexus is trying to shake off its stodgy image. So it's opening a cafe. The special lounges, the first of which is opening next week in Tokyo's fashionable Aoyama district, are designed to look more like a chic home than a standard showroom. In fact, only one vehicle can be displayed at a time.
This FREE symposium, held on Sept. 18, 2013 from 8:30am-2:30pm, will include presentations from industry experts and live product demonstrations. The agenda will include market trends, automating your system with robotics, and live product demonstrations.
A gauge of the U.S. economy's health rose in July, pointing to stronger growth in the second half of the year. The Conference Board said Thursday that its index of leading indicators increased 0.6 percent last month to a reading of 96.0. The increase followed no change in June and a 0.2 percent increase in May.
China's manufacturing slowdown stabilized in August in another possible sign the world's second-largest economy is improving, a survey showed Thursday. HSBC Corp. said the preliminary version of its monthly purchasing managers index rose to 50.1 from July's 47.7 on a 100-point scale. Numbers above 50 indicate an expansion in activity.
Hewlett-Packard is a top Dow stock this year, with shares up 80 percent, even though HP is really struggling in some core markets, such as PCs and printers. But investors seem to love Meg Whitman's turnaround strategy. Can the comeback continue?
The Foundation has released the August 2013 Monthly Confidence Index for the Equipment Finance Industry. Designed to collect leadership data, the index reports a qualitative assessment of the prevailing business conditions and expectations for the future as reported by key executives from the $725B equipment finance sector. Overall, confidence in the equipment finance market is 61.0, an increase from the July index.
The two-day auction will feature mostly unsold Chevrolets that have sat untouched for decades. They'll go on the block in as-is condition. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price.