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Key Price Index Falls Short of Expectations

Brad Kadrich -
A key measure of U.S. producer prices was lower than forecast in August ahead of a meeting next week at which the Federal Reserve’s...
Automotive

Ford Investing $1 Billion in Kentucky Plant

Brad Kadrich -
Ford Motor announced it will invest $1 billion to build a new paint shop at its Kentucky Truck Plant. The facility, which Ford has said...
Economy

Fed May Consider Rate Increase

Brad Kadrich -
With inflation continuing to creep up, the Federal Reserve’s governing board is reportedly considering raising interest rates. There is some question, though, whether that particular...
Business

Economic Trend Sees Revenue Gains, But No Real Profits

Pamela A. Zinkosky -
Revenue growth may be happening, but it doesn't always mean additional profit.
Business

U.S.-Canada Trade War Escalates

Brad Kadrich -
The trade war between the U.S. and Canada, its second-largest trading partner. escalated this week when the U.S. banned the import of some Canadian goods.
Business

Canada Follows U.S. Tariffs With Hikes of Its Own

Brad Kadrich -
Canadian officials apparently believe what’s good for the goose is good for the gander. After U.S. President Donald Trump announced new tariffs on $20 billion...
Business

Inflation Holds Steady Well Above Fed’s Target

Brad Kadrich -
As it has for more than five years, the annual U.S. inflation remained steady in July. Statistics released by the U.S. Commerce Department showed the...
Automotive

Canadian Tariffs Paused as Sides Close in on Trade Deal

Brad Kadrich -
Earlier this week, U.S. President Donald Trump announced a pause in a proposed 50% tariff on Canadian goods while the two countries tried to...
Business

Amazon Expanding Drone Delivery Service

Brad Kadrich -
Consumers who can’t currently get Amazon’s drone delivery service just need to be patient. The online retail giant is expanding the service. Amazon.com Inc. plans to...
Business

Nvidia Investing $1.5 Billion OpenAI Data Center Deal

Brad Kadrich -
Nvidia continues to make huge investments in AI with a large investment in SoftBank. According to a report from Reuters, Nvidia will invest some $1.5...
Business

Data Centers Bring Economic Advantages, Environmental Challenges

Mike Scott -
The impact of data centers on local communities, including other businesses, can be extensive but are expected to be short-lived.
Economy

Prices Rose, Inflation Cooled Last Month

Brad Kadrich -
Consumer prices continued edging up, in July, but the annual inflation rate did not follow suit. According to figures released this week by the Labor...
Automotive

Fed Report: Auto Loans Hit Record High

Brad Kadrich -
Americans are shrugging off any concerns – real or perceived – about the economy when it comes to borrowing. According to statistics released this week...
Business

Canada, U.S. Talking Deal to Avoid Tariffs

Brad Kadrich -
Amid the threat of new U. S. tariffs on Canadian goods, Canada and the U.S. have reportedly begun talks aimed at stalling the imposition...
Economy

Unemployment Improved Amid Shrinking Labor Market

Brad Kadrich -
While Labor Department statistics show the U.S. economy lost 23,000 jobs in July, the unemployment rate still dropped slightly to 4.1 percent. The slight drop...
Automotive

Ford Brings Universal EV Production System On Line

Press Release -
Normally, Ford’s 3-million-square-foot Louisville Assembly Plant is defined by the steady drum of thousands of people assembling vehicles. But one year ago, Ford announced the plant...
Automotive

China-GM Sign Extension of Joint Venture Partnership

Press Release -
BEIJING (PRNewswire) — Chinese auto giant SAIC Motor and the U.S. automaker General Motors have signed an agreement to extend their joint venture partnership by...
Business

Sysco Stops Buying Lettuce From Mexico

Brad Kadrich -
Chicago — After the U.S. Food and Drug Administration found the tainted lettuce believed to be responsible for the cyclosporiasis outbreak in the U.S. was...
Business

Disney Sells Out Super Bowl Ad Time

Brad Kadrich -
Los Angeles — Advertisers hoping to catch a little Super Bowl magic have apparently missed their chance. The Walt Disney Co. said Wednesday that all commercial...
Business

Walgreens Closing Stores as Part of Turnaround Plan

Brad Kadrich -
While Walgreens is closing some locations around the country, its multi-year turnaround plan may not go as deep as first thought. Mike Snider of USA...
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