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Business, Economy

“Critical chip firm ASML posts 30% surge in full-year revenue but signals slowdown in 2024”

“…ASML reported 27.6 billion euros in revenue for 2023, higher than the 21.2 billion euros of the year before. That was a 30% year-on-year rise. Shares of ASML provisionally ended up 9.7%… The Dutch government, following U.S. pressure, introduced curbs in… Continue Reading…

Economy

“China’s consumer and factory data miss expectations in July”

“…Retail sales grew by 2.7% in July from a year ago, the National Bureau of Statistics said Monday. That’s well below the 5% growth forecast by a Reuters poll, and down from growth of 3.1% in  June. Within retail sales,… Continue Reading…

Economy

“U.S. Factory Production Plummets by Most in Records to 1919”

“U.S. factory production plummeted in April by the most in records back to 1919 as coronavirus-related shutdowns exacted a bigger toll on the economy. Output slumped 13.7% from the prior month after a revised 5.5% decrease in March, Federal Reserve… Continue Reading…

Economy

“U.S. Factory Output Rebounds Even Without Post-GM Strike Bump”

“U.S. factory production rebounded by more than forecast in November and rose excluding a surge in auto production following the end of the General Motors Co. strike, in a sign of stabilization in manufacturing. The 1.1% increase in manufacturing output,… Continue Reading…

Business, Economy

“Workers celebrate deal with GM, show union power in industry”

“Details of the four-year pact weren’t released, but GM’s latest offer to end the monthlong strike included wage increases and lump-sum payments, top-notch health insurance at little cost to workers, promises of new products for many U.S. factories and a… Continue Reading…