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Fed Survey Finds Coronavirus Impacting U.S. Manufacturing, Tourism

The coronavirus has already had a serious impact on the global economy, especially in regard to the Chinese sector. As it continues to spread, other countries are anticipating or already seeing impacts to their economies. Despite the small number of confirmed cases, the U.S. economy is already seeing some areas negatively affected by the virus. The Federal Reserve, in an effort to begin ...

Britain Starts E.U. Trade Talks with Threat to Walk

With Brexit finally going into effect last month, Britain is now beginning the process of re-establishing trade deals with its major partners. While talks with the United States are warming up, talks with the E.U. are starting on a much rougher note. The British recently laid out their demands for the upcoming talks with the E.U. Among them is a stern threat to completely walk away from talks ...

Chinese Manufacturing Struggles to Rebound Amid Outbreak

As the coronavirus outbreak continues to spread through China and globally, the Chinese manufacturing sector has taken a massive hit. Despite efforts from those in Beijing to try and boost production, experts still claim it may take months for things to return to normal. In fact, most of the issues come not from the virus itself, but the measures put in place to fight it. China has begun ...

Trump to Raise Tariffs on European Aircraft Imports

Along with China, the United States has also been engaged in a trade standoff with Europe. While tensions have begun to ease with the Chinese, in Europe, there is still much to be covered. In an effort to see results, the Trump administration is continuing to apply some pressure of its own. This past weekend, on the 15th, the U.S. announced it would raise the duty on imported European aircra...

SpaceX Plans to Launch First Tourists in Space by 2021

SpaceX continues to make strides in its space flight program, and it appears they will begin to pay off in the tourism sector. As test flights continue to proceed with success, optimism is high that the first manned flights for tourists can begin soon. The company is now in talks with Space Adventures Inc. for the first tourism flight. The plan is for up to four tourists to be a part of an ...

China to Offer Nearly 700 Tariffs Exemptions Amid Coronavirus

The coronavirus outbreak which has been spreading through China has sent ripples in the global economy. This outbreak has also occurred amidst the ongoing trade war between China and the United States. Now, the Chinese government is looking to find some relief. This past Tuesday, the country announced that it would allow importers to apply for exemptions on nearly 700 types of goods from the ...

Weekly Wrap Up For February 21st, 2020

Nicole Wolter, President of HM Manufacturing in Wauconda, IL, joins hosts Lew Weiss and Tim Grady to discuss the USMCA. She was an advocate for passage for small and midsize businesses across America. The Boring Company Expected to Reach Halfway Point on Las Vegas Tunnels The Boring Company is anticipating good news in regard to their progress in Las Vegas. The company expects ...

The Boring Company Expected to Reach Halfway Point on Las Vegas Tunnels

The Boring Company is anticipating good news in regard to their progress in Las Vegas. The company expects to have the first of the two tunnels finished by this week. This could then pave the way for future development plans in the city. As it stands now, The Boring Company has 3,700 feet of the planned 4,300-foot tunnel at the Las Vegas Convention Center completed. Now, the machinery will be ...

5G, Wearable Among the Manufacturing Trends to Watch in 2020

With each new year comes a new set of trends in the manufacturing industry. 2020 is no different, bringing a new set of tech-focused improvements to the table. These trends have the potential to really shape how the industry itself operates. One of the most notable trends has been the rise of 5G and “smart” factories. Factories are becoming much more connected to technology than ever ...