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Category: Industries


Industries, Manufacturing

Tesla is laying off 7% of its employees (TSLA)

January 18, 2019

Via: Business Insider

Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers, which was published on the company’s website. The job cuts will impact more than 3,000 members of staff after Musk said last year […]


Industries, Retail & Wholesale

Eddie Lampert’s Winning Bankruptcy Bid Saves Sears—And 50,000 U.S. Jobs

January 16, 2019

Via: Fortune

Sears is saved—for now. The company’s chairman and hedge fund manager Edward Lampert won the U.S. department store chain in a bankruptcy auction with a bid of approximately $5.2 billion, according to Reuters and the Wall Street Journal. Lampert’s winning […]


Energy, Industries

Oil set for the longest winning streak in 30 years as traders bask in improved US-China sentiment

January 11, 2019

Via: Business Insider

The wobbles in stock markets have been grabbing all the attention lately, but meanwhile, oil is enjoying a stunning rally into the new year. Oil traders are factoring in an improvement in US-China trade relations and continued efforts by OPEC […]


Industries, Others

2018 was worst year the dairy industry has ever been through. Farmers think it will only get worse.

January 10, 2019

Via: USA TODAY

After years of low milk prices, about 75 dairy farms closed across Vermont in 2018. Harold Howrigan of Fairfield, Vermont, says the past year set a new low for dairy farmers in the state. And this year isn’t looking any […]


Industries, Retail & Wholesale

Retail stocks could rally another 10 to 15 percent from here, says technician

January 8, 2019

Via: CNBC

Retail stocks are turning a new leaf in the new year. After ending 2018 with their worst quarter since 2008, the group has rallied more than 6 percent since the first trading day of the year. Craig Johnson, chief market […]


Industries, Manufacturing

GM shares rise after BMO upgrade on self-driving technology

January 7, 2019

Via: CNBC

Investors should buy General Motors because its automated car division and restructuring moves will lift the automaker’s stock in 2019, BMO Capital Markets said Monday. Analyst Richard Carlson upgraded GM to outperform from market perform. Carlson also hiked his price […]


Industries, Others

Farmers Are Bracing Themselves for More Losses Amid Trump Shutdown

January 4, 2019

Via: Fortune

Bruce Buchanan was so elated with Donald Trump’s October vow to allow higher sales of corn-based ethanol that he carved a 60-acre thank you note in his Indiana cornfield. Now, though, the president’s actions have him worried. The government shutdown […]


Energy, Industries

Why Cheap Oil Is Bad News for Workers in Texas

December 28, 2018

Via: Fortune

Job growth in the Lone Star State will likely weaken in the first half of 2019 if oil prices remain at current levels, according to the Federal Reserve Bank of Dallas. Changes in Texas job growth tend to lag big […]


Industries, Retail & Wholesale

Retail is on pace for worst December ever, but new year rally could be ahead

December 26, 2018

Via: CNBC

There’s been little yuletide cheer for the retailers. The XRT retail ETF is down 17 percent this month, tracking for its worst December since its inception in 2006. One market watcher says indiscriminate selling may have unfairly taken retail down. […]


Industries, Retail & Wholesale

Tis the season to be jolly — but not if you’re a British clothing giant

December 21, 2018

Via: Market Watch

A cocktail of changing consumer habits, millennials’ aversion to shopping and the big Brexit clouds gathering over Britain’s high street have retail bosses quaking in their Prada loafers. On Monday, online fashion chain ASOS ASC, +4.22% usually a bankable star […]