Tensions are running high between the United States and China amid the spy balloon fallout, which could have economic consequences if China cuts off parts of its supply chains. Javier Palomarez, the founder and CEO of the U.S. Hispanic Business Council, tells NTD that American small businesses would bear the brunt of losing imports such […]
Republican senators raised concerns that U.S. manufacturing might have assisted in the construction of the Chinese spy balloon that flew over the continental United States for days before being shot down. Sens. Josh Hawley (R-Mo.) and Dan Sullivan (R-Alaska) took part in an all-senators classified briefing on Feb. 9, held by officials from the Office […]
In this next part of our exclusive special series with Michael Sekora, founder and director of the Socrates Project within the Reagan White House, we revisit myth No. 2: how manufacturing is the key when it comes to countering the China threat. Previously, we covered the topic as a slight overview, but this time, we’re […]
WASHINGTON—U.S. job openings fell less than expected in November as the labor market remains tight, which could see the Federal Reserve boosting interest rates to a higher level than currently anticipated to tame inflation. There was, however, encouraging news in the inflation fight, with a survey from the Institute for Supply Management (ISM) on Wednesday […]
Companies are gradually shifting away from manufacturing goods in mainland China due to quality control and intellectual property theft. It appears this trend may be accelerating. Apple is the latest major U.S. corporation to move a large part of its manufacturing out of the communist-controlled country. Milton Ezrati, author and economist, discusses what’s happening.
Carvana shares plummeted, and fears are growing it’ll go bankrupt after getting downgraded by a rating agency. The District of Columbia is suing Amazon, saying it stole tips from its delivery drivers for two and a half years. More signs supply chain problems are starting to resolve: Shipping times and prices are both down. How […]
Facebook parent company Meta is threatening to remove all news from its platform, in light of a new bill in Congress that could take money from Meta and give to news organizations. General Motors gives a reason for suspending advertising on Twitter. It claims it’s not because of free speech ideals. The latest big company to […]
WASHINGTON—U.S. manufacturing activity grew at its slowest pace in nearly 2–1/2 years in September as new orders contracted amid aggressive interest rate increases from the Federal Reserve to cool demand and tame inflation. The Institute for Supply Management (ISM) survey on Monday also showed a measure of manufacturing employment contracted last month for the fourth […]
WASHINGTON—U.S. retail sales rebounded strongly in June as Americans spent more on gasoline and other goods amid soaring inflation, which could allay fears of an imminent recession but not change the view that economic growth in the second quarter was tepid. The economic picture is, however, becoming increasingly muddled. Manufacturing production slumped for a second […]
