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…
Texas Manufacturing Bounces Back, Though Demand Continues to Slip
Texas manufacturing activity bounced back in December, according to the Federal Reserve Bank of Dallas. On Tuesday, the Dallas Fed published results from its monthly Texas Manufacturing Outlook Survey that showed the production index gained nearly nine points, to 9.7, suggesting an increase in output growth. The report is based on data collected between Dec. 13–21…
Fears of a Manufacturing Recession Growing, Dallas Fed Survey Shows
The latest Federal Reserve Bank of Dallas survey confirmed that activity in the Texas manufacturing sector continued to deteriorate in December. General business activity in the state’s manufacturing industry plummeted to negative 18.8 in December, down from negative 14.4 in November. This represented the eighth consecutive contraction and the third-worst reading of 2022. The report…
From Automation to Outsourcing, Manufacturing Recession Fears Grow, Dallas Fed Survey Shows
The latest Federal Reserve Bank of Dallas survey confirmed that activity in the Texas manufacturing sector continued to deteriorate in December. General business activity in the state’s manufacturing industry plummeted to negative 18.8 in December, down from negative 14.4 in November. This represented the eighth consecutive contraction and the third-worst reading of 2022. The report…
Hershey Builds Another Huge Pennsylvania Chocolate Facility
The Hershey Company is building a 250,000-square-foot chocolate facility in Hershey, Pennsylvania, to expand production capabilities for some of its candy brands, including Reese’s, Kit Kat, and Hershey’s. The facility will be located on a 55-acre site near the company’s Reese’s plant, the company announced. The town of Hershey, which has streetlights shaped like Chocolate…
NTD Business (Dec. 7): Carvana Downgraded, Shares Tank; Study: George Soros Tied to 253 Media Groups
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…
NTD Business (Dec. 6): Meta May Remove All News From Facebook; GM Evaluating Twitter Ad Suspension
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…
Indonesia Revokes Fever Syrup Manufacturing Licenses of 2 Firms Amid 150 Child Deaths
Indonesia’s food and drug agency, known as BPOM, has revoked manufacturing licenses for syrup-type medicine production by two local firms for failing to meet its standards on safety, efficiency, and quality. PT Yarindo Farmatama (PT Yarindo) and PT Universal Pharmaceutical Industries (PT Universal) have had their “oral liquid” manufacturing licenses revoked, officials BPOM said, adding that the…
Chinese Manufacturing Weakens, Adding to Economic Pressure
BEIJING—Chinese manufacturing weakened in October, an official survey showed Monday, adding to downward pressure on the economy as the ruling Chinese Communist Party (CCP) tries to reverse a slowdown. A monthly purchasing managers’ index declined to 49.2 from September’s 50.1 on a 100-point scale where numbers below 50 indicate activity contracting, according to the CCP’s…
US Manufacturers Still Struggle With Supply Chain, Expect Slower Holiday Season: Report
October 24, 2022
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A survey conducted by the National Association of Manufacturers, a U.S. trade organization representing 14,000 companies, reported a drop in confidence in the economy. From January to March, 88 percent of manufacturers reported feeling positive about the economic outlook. By September, that proportion dropped 12 points to 76 percent. The association’s president and CEO Jay…
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