• The home of Fiat says 'ciao' to Sergio Marchionne

    10 days ago - By Reuters

    The home of Fiat bid farewell on Friday to Sergio Marchionne, one of the auto industry's most exacting and determined leaders, who rescued the Italian car giant and U.S. Chrysler.
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  • Wall Street propped up by bank stocks as Treasury yields rise

    10 days ago - By Reuters

    U.S. stocks edged higher on Friday as banks gained after 10-year U.S. Treasury yields topped 3 percent, but gains were capped by a drop in the rate-sensitive utilities, real estate and telecom sectors.
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  • Tariffs threaten market-leading tech, consumer stocks

    10 days ago - By Reuters

    U.S. technology and consumer discretionary stocks have been insulated from global trade tensions, but if another round of U.S. tariffs on Chinese goods goes into effect, even those high-flying sectors could come down to earth.
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  • US stocks are little changed after mixed economic reports

    10 days ago - By Chron

    NEW YORK - U.S. stocks are little changed Friday morning as banks climb but retailers and big-dividend stocks slide. The Federal Reserve said production of cars and energy jumped in August.
    Interest rates are climbing as investors expect continued economic growth and further interest rate increases. However, monthly retail sales were weaker than analysts expected.
    Shares of Canadian marijuana companies are slumping following a report that the U.S. may ban people who work in that industry from entering the country.
    KEEPING SCORE: The S&P 500 index dipped 1 point, or 0.1 percent, to 2,902 as...
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  • U.S. business inventories increase solidly in July

    10 days ago - By Reuters

    U.S. business inventories rose solidly in July, boosted by a larger than initially estimated increase in the stock of motor vehicles.
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  • US industrial production rose a solid 0.4 percent in August

    10 days ago - By Chron

    WASHINGTON - U.S. industrial production rose by a healthy 0.4 percent in August, boosted by gains in the production of autos, oil and natural gas.
    The Federal Reserve said Friday that industrial production, which includes output at factories, mines and utilities, has climbed 4.9 percent over the past 12 months. Industrial production appears on track for its strongest annual growth since 2010, when it jumped 5.5 percent as the economy began to recover from the Great Recession.
    Factory production increased 0.2 percent last month, lifted by a 4 percent rise in the making of vehicles and...
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  • Markets Right Now: Stocks edge higher as banks jump

    10 days ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    9:40 a.m.
    Stocks are opening with modest gains after the Federal Reserve said U.S. industrial production jumped in August.
    The central bank said production of cars, oil and natural gas rose while output at mines and utilities also grew.
    Bond yields rose Friday, sending bank stocks higher. JPMorgan Chase gained 0.7 percent and State Street rose 1.1 percent.
    The yield on the 10-year Treasury note rose to 3 percent.
    The S&P 500 index rose 2 points, or 0.1 percent, to 2,906.
    The Dow Jones Industrial Average added 37 points, or 0.2...
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  • Industrial Production Increased 0.4% in August

    Industrial Production Increased 0.4% in August

    10 days ago - By Calculated Risk

    From the Fed: Industrial Production and Capacity Utilization
    Industrial production rose 0.4 percent in August for its third consecutive monthly increase. Manufacturing output moved up 0.2 percent on the strength of a 4.0 percent rise for motor vehicles and parts; motor vehicle assemblies jumped to an annual rate of 11.5 million units, the strongest reading since April. Excluding the gain in motor vehicles and parts, factory output was unchanged. The output of utilities advanced 1.2 percent, and mining production increased 0.7 percent; the index for mining last decreased in January. At...
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  • U.S. auto sector output boosts industrial production

    10 days ago - By Reuters

    U.S. industrial production rose in August, as strong output in auto manufacturing offset lackluster production in the rest of the factory sector.
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