US Construction Spending Surprises with 0.8% Slip in May
| Share | Share | Share | Share The total nominal value of construction spending put in place in the U.S. fell 0.8% in May to a seasonally adjusted annual rate of $1,143.3 billion from a downwardly-revised estimate of $1,152.4 billion in April. The May report included annual revisions dating back to January 2014. Back-to-back negative construction spending readings in April and May suggest the second quarter will be weak. Moreover, declines are broadly based with much of the weak..>> view originalUS factory data, auto sales improve, construction spending slips
WASHINGTON U.S. factory activity expanded at a healthy pace in June as new orders, output and exports rose, new industry data showed on Friday, providing another sign that U.S. economic growth was regaining its footing after weakness early this year.Automakers reported higher June sales amid strong demand for pickup trucks and sport utility vehicles, but on an annualized basis, the June industry selling rate came in at 16.66 million units, well below May's sales pace of 17.45 million.Ford Moto..>> view originalCuomo's Start-Up NY program creates only 408 jobs so far
A signature job creation program created by Democratic Gov. Andrew Cuomo has generated only 408 new jobs in its first two years, according to a state report quietly published on a state website Friday evening.The program, Start-Up NY, uses tax-free zones at colleges and universities to attract companies. The report says 159 businesses and their employees have received $1.19 million in tax benefits so far while investing $13 million in the economy. The state also set aside up to $175 million for..>> view originalSweden Clears Sale of Vattenfall's German Lignite Plants to EPH
Sweden approved the sale of Vattenfall AB’s German lignite plants and mines to Czech power producer Energeticky a Prumyslovy Holding AS and its financial partner PPF Investments Ltd. as the state-controlled Swedish utility seeks to divest its dirtiest power units.“The divestment is strategically correct and the best financial alternative,” Swedish Enterprise Minister Mikael Damberg said Saturday at a press conference in Stockholm.The Nordic region’s biggest power generator wants to focus on ren..>> view originalHyperloop One Replaces Co-Founder Brogan BamBrogan with Senior Vice President of Engineering Josh Giegel
Hyperloop One Inc. on Friday announced an executive shake-up, replacing one of the startup’s founders with its senior vice president of engineering, just as it faces a critical juncture in bringing its high-speed transport technology to life. Hyperloop One said it has promoted Josh Giegel to president of engineering. Mr. Giegel, who joined the company in November 2014, is taking over from Brogan BamBrogan, who as chief technology...>> view originalFed's Stanley Fischer Says Brexit Implications Still Being Evaluated
Federal Reserve Vice Chairman Stanley Fischer said Friday the Fed will know more by its July meeting about the implications of the so-called Brexit vote for the U.S. economy, and said those effects will be weighed against positive incoming U.S. economic data. Mr. Fischer said the U.S. economy “has done pretty well” since the dismal May...>> view originalStocks end higher for 4th straight day after upbeat manufacturing data
Markets Stream gives you a single place to follow live updates of markets moves and commentary, plus relevant insight from the web and social media. Here’s how it works. (Photo: Getty Images)>> view originalWeekly U.S. Oil Rig Count: Horizontal Rigs As Far As The Eye Can See...
This week's report brings the largest increase in horizontal rigs since November of last year, with a corresponding large increase in the U.S. oil rig count. Whereas last week's report showed a relatively large decline in oil rigs, as we noted in our analysis, these were very low quality rigs and the trend pointed to an acceleration in the rate of new rig additions. Crude oil prices (NYSEARCA: USO) increased by about $1 per barrel after the release probably because of the 4th of July weekend and..>> view originalChipotle acts quickly after exec indicted on drug charge
After a rocky relationship with customers, Chipotle is trying something new to win them back. Keleigh Nealon (@keleighnealon) has the story. Buzz60A Chipotle executive has been put on administrative leave after a drug-buying indictment(Photo: Keith Srakocic, AP)After news broke that an executive was indicted on a drug charge, his employer, Chipotle, quickly put Mark Crumpacker on administrative leave.That was the prudent move to allow the beleaguered seller of Mexican fare to focus on i..>> view originalGold's Shimmer Is Sign Of Dark Days Ahead
Market watchers around the world are struggling to figure out what is happening in our global economy. We are swimming in news of Brexit opinions and terrorist attacks all in hopes of making sense of it all and keeping our heads above water, if not our investment portfolios. Drowning in an ocean of information, it is easy to miss the signal for the noise and a possible indicator of dark economic days ahead. The U.S. dollar and the price of gold rarely play nice and move in the same directi..>> view original
Sunday, July 3, 2016
US Construction Spending Surprises with 0.8% Slip in May and other top stories.
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