Sectors News Results

  • Durable-Goods Orders Rise for Fourth Straight Month -- Update

    Orders for long-lasting factory goods increased for the fourth consecutive month in August, a sign of the manufacturing industry's continued recovery from coronavirus pandemic-related disruptions. New orders for durable goods-- products designed to last at least three years-- rose 0.4% in August compared with July, the Commerce Department said Friday. The August increase was at a slower pace than earlier in the summer, when orders rebounded following a collapse in demand from...

  • Durable-Goods Orders Rise for Fourth Straight Month

    Orders for long-lasting factory goods increased for the fourth consecutive month in August, a sign of the manufacturing industry's continued recovery from coronavirus pandemic-related disruptions. New orders for durable goods--products designed to last at least three years--rose 0.4% in August compared with July, the Commerce Department said Friday. The August increase followed bigger advances from earlier in the summer, when orders rebounded following a collapse in...

  • California's Ban on New Gas Cars Further Upends Auto Industry -- 2nd Update

    California's decision to ban sales of new conventional vehicles starting in 2035 shows how regulators' aggressive emission targets are forcibly reshaping an industry that is struggling to keep its customers on board. Tighter rules from Europe to the U.S. are accelerating manufacturers' efforts to shrink their carbon footprint, even as they fight to come back from a pandemic slump. Those rules are also drawing investors toward new electric- vehicle startups hoping to...

  • California's Ban on New Gas Cars Further Upends Auto Industry -- Update

    California's decision to ban sales of new conventional vehicles starting in 2035 shows how regulators' aggressive emission targets are forcibly reshaping an industry that is struggling to keep its customers on board. Tighter rules from Europe to the U.S. are accelerating manufacturers' efforts to shrink their carbon footprint, even as they fight to come back from a pandemic slump. Those rules are also drawing investors toward new electric- vehicle startups hoping to...

  • California's Ban on New Gas Cars Further Upends Auto Industry

    California's decision to ban sales of new conventional vehicles starting in 2035 shows how regulators' aggressive emission targets are forcibly reshaping an industry that is struggling to keep its customers on board. Tighter rules from Europe to the U.S. are accelerating manufacturers' efforts to shrink their carbon footprint, even as they fight to come back from a pandemic slump. Those rules are also drawing investors toward new electric- vehicle startups hoping to...

  • Durable Goods Seen Up 1.8% -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Friday 0830 Durable Goods Orders Aug +1.8% +11.4%** Revised Figure.

  • Faltering Service Sector Weighs on Global Recovery as Infections Rise -- Update

    The U.S. economy in September continued its steady recovery from the sharp declines in the second quarter as demand and output strengthened, according to new business surveys. But the pace faltered in Europe and Asia, where new infections have led to new restrictions on activity. U.S. service-sector and manufacturing companies reported solid growth in September, a positive signal for overall economic growth in the third quarter.

  • Oil Market Flies Blind as Covid-19 Clouds Demand Outlook

    Predicting oil demand has rarely been more challenging, buffeting prices and muddying the outlook for traders, investors and energy producers. Energy analysts are mapping out the course of the coronavirus and efforts to stop the pandemic, including limits on flights, cruises and the use of public transportation. They are also grappling with the effects on fuel demand of an economic downturn, rising unemployment, and changing patterns of work, study and travel.

  • German Retail Sales Expected to Increase in 2020 Despite Coronavirus

    Despite the coronavirus pandemic, the German retail sector is expected to record a 1.5% sales increase this year, mainly due to strong growth in online shopping, German retail association HDE said Tuesday. In its latest forecast for 2020, HDE said sales will reach 552 billion euros this year. In its July forecasts, the association still expected a 4% drop in sales for the year.

  • Airlines Make Final Plea for Aid to Avoid Job Losses -- 2nd Update

    Top executives at major airlines including American Airlines Group Inc. (AAL), Southwest Airlines Co. (LUV) and United Airlines Holdings Inc. (UAL) met Thursday with White House chief of staff Mark Meadows as the companies and their employees make a final push for more job-saving government aid. Airlines agreed not to furlough or lay off employees through the end of September in exchange for $25 billion as part of a broad pandemic-relief package this past spring. They hoped the funds would see...

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