Tag: Machinery

Plastics prices can keep rising as Dow sees demand continuing to outstrip supply

The big price increases that helped boost Dow Inc.’s second-quarter earnings are likely to continue, as the plastics and chemical said Thursday that it expects pent-up demand to keep outstripping supply in the coming months. “ “[S]trong consumer demand trends continue in retail, housing and the manufacturing sectors, and inventory levels remain low across most […]

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In one chart: GDP growth by state as COVID recovery takes hold

The U.S. economy expanded 6.4% on an annualized basis in the first quarter, the Commerce Department said last month, as American businesses reopened and people got back to work after being largely locked down throughout 2020. But as with all economic data, the national headline number masks a lot of local discrepancies. The chart above, […]

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Panasonic sells its stake in Tesla for nearly $4 billion: report

Panasonic Corp. sold its entire stake in Tesla Inc. last fiscal year, the Japanese business daily Nikkei reported Friday. Panasonic 6752, +4.57%, which builds lithium batteries for Tesla, reportedly sold all of its Tesla shares by the end of March for an estimated $3.88 billion. A Panasonic executive told Nikkei that its business relationship with […]

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Durable-goods orders snap back in May in sign of broad strength in the U.S. economy

The numbers: Orders for long-lasting goods such as autos and airplanes rebounded in May and showed U.S. manufacturers are still expanding rapidly, but widespread shortages of supplies and labor are preventing them from growing even faster. Orders for durable goods rose 2.3% last month, the government said Thursday. The increase fell a bit short of […]

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How farmers are using cow manure to power crypto mining operations

An entrepreneur who has set up a cryptocurrency mining business powered by cow manure has seen business boom since Tesla TSLA, -0.80% boss Elon Musk questioned bitcoin BTCUSD, +0.93% over its environmental credentials. U.K.-based Josh Riddett, who started Easy Crypto Hunter in 2017 in Manchester, has carved a niche selling farmers equipment powered by renewable […]

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U.S. manufacturers have tons of demand, ISM finds, but they’re handcuffed by labor and supply shortages

The numbers: American manufacturers have been flooded with new orders for cars, computers, furniture, appliances and all sorts of goods, but they are struggling to keep up amid widespread shortages of supplies and labor. The Institute for Supply Management said its manufacturing index rose to 61.2% in May from 60.7% in April, largely because of […]

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