CEOs warn tough recession coming, home sales lower and more: Tuesday's 5 things to know
Traders will be cautious after 91% of CEOs surveyed by KPMG said they think there will be a recession in the next 12 months, as they look at potentially reducing their workforce.
US manufacturing growth slows to lowest point in two years amid consumer spending decline
The Institute for Supply Management on Monday announced that U.S. manufacturing growth in the month of September declined to a two-year low.
US unveils plan to fix baby formula shortage for good
Baby formula shortages have been a major issue the past year, with supply chain issues wreaking havoc on manufacturing. U.S. regulators have unveiled their plan for a long-term fix.
US manufacturers call for action ahead of midterm elections
U.S. manufacturers, plagued by supply chain issues and inflation, are demanding action from leaders as the midterm elections in November rapidly approach.
Biden champions 'workforce of the future' at new Ohio Intel semiconductor plant
President Biden championed a new 'workforce of the future' during a groundbreaking ceremony Friday for an Intel semiconductor plant in Licking County, Ohio.
Micron to invest $15 billion to build memory manufacturing factory in Idaho
Micron Technology announced plans Thursday to invest about $15 billion in a new memory chip manufacturing factory in Idaho, the state where it's headquartered.
3M will cut jobs as part of a cost-savings plan: report
Job cuts are coming to 3M as the Minnesota-based company deals with challenges from potential legal liabilities to a slowing economy.
230K Polaris snowmobiles at risk of fire, need safety fix, company says
Off-road vehicle manufacturer Polaris is telling consumers not to use 230,000 snowmobiles after receiving reports of gas tank defects and related fires.
First Solar to invest up to $1.2 billion in US panel manufacturing, including new factory
First Solar announced plans to invest up to $1.2 billion for scaling up domestic panel production, including construction of a new factory and expanding existing plants.
Biden admin provides $11M for monkeypox, smallpox vaccine production
The Department of Health and Human Services is giving around $11 million to support the first U.S.-based fill and finish manufacturing of the Jynneos vaccine.
Michigan Abbott plant restarts production of Similac baby formula
The United States' largest producer of baby formula, Abbott Nutrition, announced that it will restart production of Similac formula at its Michigan plant.
Wholesale inflation falls slightly in July, but prices remain at multi-decade high
The producer price index, which measures inflation at the wholesale level before it reaches consumers, remains at a multi-decade high, the Labor Department said on Thursday.
Manchin-Schumer 'Inflation Reduction Act' is really the Manufacturing Reduction Act
President Joe Biden’s latest tax-and-spend scheme will have a crushing effect on American manufacturing.
Fed official's warning, inflation 'gaslight' charge, jobs and more: Monday's 5 things to know
Fed Reserve Bank of Minneapolis CEO and President Neel Kashkari told CBS' "Face The Nation" Sunday that the current state of inflation is "very concerning."
Volkswagen ID.4 production kicks off in Tennessee to help cut the electric SUV's costs
Volkswagen has started production of its ID.4 electric SUV in Chattanooga, Tennessee and plans to increase production to 7,000 vehicles monthly.
Boeing union workers vote to strike at 3 St. Louis-area manufacturing facilities that make US military jets
Union workers at three Boeing manufacturing facilities in the St. Louis-area voted to go on strike Sunday as talks broke down over a new contract.
2 North Carolina manufacturing plants closing for Mississippi-based furniture maker
271 North Carolina residents will be put out of work as Mississippi-based furniture maker is closing their two manufacturing plants in NC.
Aviation mechanic shortage could lead to more flight delays, cancelations
Labor shortages in the airline industry are putting the airline industry in a bind. Shortages of aviation maintenance engineers can lead to flight cancelations in some areas.
Virgin Galactic signs lease for Arizona manufacturing facility
The facility, which will be capable of producing up to six of the company's Delta-class spaceships per year, is expected to be fully operational by late 2023.
Peloton ditches owned-manufacturing, outsources equipment to Taiwanese Rexon Corp.
Exercise equipment company Peloton announced it will no longer be manufacturing its own products, instead opting to partner with Taiwanese corporation Rexon.