Weekly Wrap Up For June 14th, 2019
Dr. Chris Kuehl, Managing Director of Armada Corporate Intelligence, discusses the latest Credit Manager’s Index report with hosts Lew Weiss and Tim Grady.
Metal Foam Stops .50 Caliber Rounds as Well as Steel
For Immediate Release: Researchers have demonstrated that vehicle armor using composite metal foam (CMF) can stop ball and armor-piercing .50 caliber rounds as well as conventional steel armor, even though it weighs less than half as much. The finding means that vehicle ...
Foxconn Says US-bound iPhones Can Be Produced Outside China To Avoid Tariffs
“Designed in Cupertino. Made In China”. That’s what is says on the box of every iPhone sold in the United States. For years, Chinese manufacturer Foxconn has produced version after version of the hottest selling smartphone in the world. The question on everyone’s mind lately has been what Apple and Foxconn will do if a 25% tariff is levied on the popular device. Would Apple just absorb the cost (and the dip in their stock) as it has done with a number of its accessories?
Foxconn this ...
United Technologies and Raytheon Announce Merger
In one of the largest corporate mergers this year, United Technologies and Raytheon have announced that they have agreed to what they called a “merger of equals”.
In the announcement made this past Sunday, June 9th, both companies agreed to an all-stock deal that would give United Technologies shareholders a 57% ownership stake in the new company. The new company, which will be called Raytheon Technologies Corporation, will offer "expanded technology and R&D capabilities to deliver ...
Trump Looks To Weaponize Tariffs On The Heels Of Mexico Deal
President Trump appears energized by the swift success of tariff threats against Mexico last week. In an interview with CNBC, the President commented “People haven’t used tariffs, but tariffs are a beautiful thing when you are the piggy bank, when you have all the money. Everyone is trying to get our money.”
The Mexican tariffs, which would have imposed a 5% tax on all Mexican imports sent leaders and businesses on both sides of the border into panic mode, particularly the auto ...
Reshoring Brings Jobs Back To The United States In Droves
A combination of relocated manufacturing and foreign direct investment in US manufacturing brought 145,000 jobs to the United State in 2018. This represents the second highest rate of job increase in recorded history.
According to the Reshoring Initiative’s 2018 Reshoring Report, which includes data from 2010 through 2018, jobs repatriated from China account for a whopping 59% of all reshoring. Harry Moser, founder and president of the Reshoring Initiative as well as recurring guest on ...
China’s Manufacturing PMI Dips To 49.4
Last month China’s manufacturing PMI fell from expansion (51.4%) in April to contraction (49.4%) in May.
Among the many questions regarding this dip, it comes down to a matter of which of the mitigating factors caused the decline: was it the trade or technology war? And will China use the yuan to enhance manufacturing-related exports?
The answer to the question of which ongoing spat with the U.S (trade or technology) has done the most damage, experts agree the answer is both. The trade ...