month : 08/2020 20 results

Order for U.S Durable-Goods Rose By 11.2% in July

Manufacturing all around the world has taken a hit due to Covid-19, and the U.S. is no exception. Many companies in the U.S. have been dealing with supply chain disruptions, factory closures, and a lack of demand due to the effects of Covid-19. However, new data shows that the manufacturing sector is starting to rebound. According to new information released by the Commerce Department, orders for durable goods rose by 11.2% in July. Durable goods are items that are meant to last for three or ...

Weekly Wrap Up For August 28th, 2020

 Norbert Ore, Director of Industry surveys for Strategas Securities LLP discusses purchasing conditions in Europe, Asia, South America, and areas of the U.S. that reflect a fairly positive restart, at least for the U.S. economy. U.S. Silicon Metal Producers: ITC Finds Harm Caused by Imports from Bosnia and Herzegovina, Iceland, Malaysia, and Kazakhstan Globe Specialty Metals, Inc., a subsidiary of Ferroglobe PLC, and Mississippi Silicon LLC (“MS”), collectively represe...

U.S., Euro Firms May Face $1 Trillion in Supply Chain Relocation

The Covid-19 pandemic’s impact was first felt by many companies via their supply lines. As factories and other facilities shut down in China earlier in the year, several businesses had their supply chains thrown into disarray. Now, the cost to relocate these manufacturing processes away from China could cost them quite a large amount of money. According to research by Bank of America, American and European firms could face $1 trillion in costs over a five-year period. However, even with ...

SpaceX Scores Billions With New Government Contract

Elon Musk’s SpaceX has been riding high after a series of successful launches and tests. Aside from their first successful manned flight to the International Space Station, the company has also performed a proper test flight of their Starship rocket, which will be used for eventual trips to the Moon and Mars. Now, a new contract from the Pentagon shows that success is paying off. This past Friday, the U.S. Air Force announced that SpaceX would be responsible for 40% of the military’s ...

GM Aims to Take on Tesla with New All-Electric Crossover

Despite the COVID-19 pandemic drastically impacting sales and profits for automakers, many are still looking ahead to their future plans. Among these is GM, who has recently unveiled their new all-electric crossover, the Cadillac Lyriq. GM has described the Lyriq as a “technological spearhead” for the Cadillac brand, which will serve as the start of their “next chapter.” The new car will be the debut of GM’s next-generation batteries and EV architecture. Executives at the company ...

U.S. Silicon Metal Producers: ITC Finds Harm Caused by Imports from Bosnia and Herzegovina, Iceland, Malaysia, and Kazakhstan

Globe Specialty Metals, Inc., a subsidiary of Ferroglobe PLC, and Mississippi Silicon LLC ("MS"), collectively representing the majority of American silicon metal production, today announced that the U.S. International Trade Commission ("ITC") will continue investigating the harm caused by imports of silicon metal into the United States. The announcement comes after Commissioners voted 5-0 that there is a "reasonable indication" that silicon metal imports from Bosnia and Herzegovina, Iceland, ...