US Industrial Output Spikes 5.4% on Reopening, Most Since 1959

US Industrial Output Spikes 5.4% on Reopening, Most Since 1959

#Industrial #Output #C19Coronavirus #Reopening #Manufacturing #Fed US industrial production in June posted the largest monthly gainer since Y 1959, indicating manufacturing is alive and well after C-19 coronavirus chaos related shutdowns. Total output at factories, mines and utilities increased 5.4% from the prior month after climbing 1.4% in May, Fed data showed Wednesday. The median projection […]

Understanding the Impact of the Crude Oil Price War on the Middle East

Understanding the Impact of the Crude Oil Price War on the Middle East

$OIL $USO $USG $USD Here is closer look at the ripple effects of plunging oil prices and a weak demand for the commodity, as well as predictions on how the industry will cope in the near- to long-term The Crude Oil markets have suffered from the 2X shock of the viral pandemic and politics, and […]

Factory Output Up More Than Estimated, Autos Advance

Factory Output Up More Than Estimated, Autos Advance

$F, $GM, $FCAU, $TM FLASH: America is open for business. US manufacturing output accelerated in June, climbing for the 2nd month running, thanks in large part to increased production of motor vehicles and parts. The Federal Reserve said Tuesday manufacturing production rose 0.4% last month, above the 0.2% expected by analysts in a poll. The June numbers […]

US Factory Output Flat to Unchanged

US Factory Output Flat to Unchanged

US manufacturing output was flat to unchanged in March after 2 straight monthly decliners. The Federal Reserve said Tuesday manufacturing production last month was restrained by weak motor vehicle and wood products output. Data for February was revised up to show output at factories falling 0.3% instead of declining 0.4% as previously reported. Economists polled by […]

Volkswagen’s (OTCMKT:VLKAY) MEB EV Platform Unveiled

Volkswagen’s (OTCMKT:VLKAY) MEB EV Platform Unveiled

Volkswagen’s (OTCMKT:VLKAY) MEB EV Platform Unveiled $VLKAY Volkswagen (OTCMKT:VLKAY) has unveiled its Electric for All initiative, which will set out to introduce EVs over the better part of the next 10 yrs at what the automaker says will be affordable prices. VW is aiming to sell around 150,000 electric cars by Y 2020 and increase annual sales […]

Key Tasks for China’s Supply-side Structural Reform

Key Tasks for China’s Supply-side Structural Reform

Key Tasks for China’s Supply-side Structural Reform It has been 1 year since supply-side structural reform was first mentioned at China’s top government economic meetings last November. The central tenet of the reform is to rebalance the Chinese economy from the investment/export driven to a more balanced and long-term growth model, so that its growth […]

Chinese Companies Taping ASEAN Market

Chinese Companies Taping ASEAN Market

Chinese Companies Taping ASEAN Market As more and more Chinese companies tap into the burgeoning Southeast Asian market, expert and company officials expect localization to be a Key aspect to boost industrial capacity cooperation between China and members of the Association of Southeast Asian Nations (ASEAN). The long-time friendly ties and close neighborhood provide China […]

China’s Exporters Implement “Plan B” Against Headwinds

China’s Exporters Implement “Plan B” Against Headwinds

China’s Exporters Implement “Plan B” Against Headwinds China’s exporters are turning to an “alternative plan” aka Plan B, to underpin exports as foreign trade continued to be affected by weak demand, experts said Monday. “Plan B” involves manufacturing high-tech and innovative products amid ongoing supply-side structural reform to replace labor-intensive products, according to an article […]