Tag: industry

January 9, 2023

Germany industrial production recovered at a faster than expected pace in November, official data revealed Monday. Industrial output grew 0.2 percent from October, when output was down by revised 0.4 percent, Destatis reported. Production was expected to gain 0.1 percent. […]

January 9, 2023

The government is set to confirm later on Monday that it has decided on applying a discount to wholesale prices, for up to a year, following talks involving business leaders last week. It would replace the fixed price on wholesale […]

December 7, 2022

Europe’s tech industry has lost more than $400 billion in value this year, according to venture capital firm Atomico. The combined value of all public and private European tech firms has fallen to $2.7 trillion from a peak of $3.1 […]

September 21, 2022

UK manufacturers reported a marginal fall in production in the three months to September but they expect a much sharper decline over the coming three months, monthly Industrial Trends Survey from the Confederation of British Industry and Accenture showed Wednesday. […]

September 12, 2022

The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost […]

September 7, 2022

First, as you may have heard, Russia cut the tap indefinitely for Nord Stream 1 pipeline gas flows. Russian President Vladimir Putin today blamed Germany and Western sanctions for the halt in operations, but said that gas flows could restart […]

September 7, 2022

Europe is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered factories and a deep recession. The primary cause: Russia has choked off the supplies of cheap natural gas that the continent depended on for years […]

September 6, 2022

Russia sent significantly more oil and coal to India and China over the summer compared with the start of the year, while European countries that long relied on Russian energy have cut back sharply in response to the war in […]

September 1, 2022

The US and its G7 allies plan to meet Friday to discuss putting a limit on the price of Russian oil, a move that could cut the revenue flowing into Moscow’s coffers — but risks sending crude prices soaring. The […]

September 1, 2022

Last month’s output saw its largest contraction since the height of the pandemic in May 2020, according to the latest S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI). The index dropped to 47.3 from 52.1 in July – numbers above […]

September 1, 2022

Crude oil prices plunged more than 30% off the June highs with WTI spilling into a key technical support zone. Despite a steep weekly sell-off and a range of nearly 11%, oil continues to trade just above this critical zone […]

August 12, 2022

Honest Company (HNST) – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement […]

August 12, 2022

In the early days of COVID-19, colleges terminated staff positions in droves as they faced operational shifts and pandemic-related financial challenges. Now, hiring has returned in fields related to events, as colleges begin to host in-person activities such as fundraising […]

August 11, 2022

Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy’s inflationary pressures cooled last month. Thursday’s report from the Labor Department showed […]

July 27, 2022

Chipotle just announced plans to raise prices again in August. The fast-casual chain said in a second-quarter earnings call that the next price increase would be “in the mid to high-single digits” in terms of percentage. That means in New […]

July 27, 2022

Food inflation was up 7%, compared to 5.6% in June. This was partly due to a 8% rise in fresh food inflation, up from 6.2% in June. Non-food inflation hit 3%, up from 1.9% in June – a record-high, beating […]

July 26, 2022

Stocks are being dragged lower early Tuesday after a warning from corporate giant Walmart that inflation was negatively impacting American consumers’ spending power. The S&P 500 index was down 0.9% as of 11:15 a.m. Eastern. The Dow Jones Industrial Average […]

July 25, 2022

 Stocks were mixed in early trading Monday, as investors braced for a two-day meeting of the Federal Reserve this week where it’s expected the central bank will raise interest rates sharply to combat inflation. The S&P 500 index was up […]

July 21, 2022

 Inflation? Not where investment fees are concerned This year’s crazy market swings prove once again how little control we have over our investments. Stocks are down about 20% from their peak early this year, and along the way they’ve zoomed […]

July 20, 2022

Despite the corrective move lower in the US dollar, gold has struggled to find support and instead traded within a very narrow range. The issue that gold is facing is the continued aggressive tightening stance that central banks have taken, […]