Swiss Army knife celebrates 125th anniversary; CEO on the past and future of his company
Swiss company Victorinox has produced the world-famous Swiss Army Knife since the 1890s and remained a family-owned business the entire 130-year period.
June's jobs breakdown: Hiring hot spots, weak spots
Hiring was solid in June. Here's a roundup of the top five sectors leading the push to add workers.
Manufacturing hits lowest level since June 2020
U.S. manufacturing slowed more than expected in June to a PMI reading of 53%, reaching the lowest level in two years as demand and employment contracted.
German packaging manufacturer's new West Virginia plant to create 100 jobs
A German packaging manufacturer invested $48 million into a West Virginia plant will create 100 jobs in Moorefield. This is Papier-Mettler's first U.S. production plant.
US manufacturers slam Biden's gas tax holiday, call for more domestic oil production
American manufacturers slammed President Joe Biden's call for a federal gas tax holiday on Wednesday, saying the administration should allow more domestic oil production.
Hot sauce, tampon shortages lead growing list of out-of-stock items
Consumers are facing product shortages with items ranging from baby formula and tampons to hot sauce and wine. More of America’s favorite items may be added to the list in the near future.
Manufacturers' outlook dims as recession fears grow
Manufacturer sentiment dropped in the second quarter, as soaring inflation and supply chain issues fuel fears that a recession could be on the horizon.
Mobile home rent increases skyrocketing as corporations take ownership
Rent in the U.S. is up over 20%, according to rent.com. Mobile or manufactured homes have historically been one of America’s most affordable housing options, but now investors are buying mobile homes parks and jacking up the rent.
Illinois Caterpillar worker killed in foundry accident
A Caterpillar employee was killed last week in an accident at the company's foundry in Mapleton, Illinois. The man fell into a crucible and died instantly.
Factory orders slowed markedly in April, climbing just 0.3%
Good orders at U.S. factories rose far less than expected in April, likely the result of continued supply chain snarls.
Apple to move iPad production out of China for first time: report
Apple is moving portions of manufacturing to Vietnam in order to combat supply chain hurdles from mainland China's "zero-COVID" policies.
Jobs report, GameStop earnings, home prices top week ahead
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days, including earnings reports and a union vote.
US durable goods orders rise less than expected in April
Bookings for durables goods, which are items intended to last three years, climbed much slower than expected in April as manufacturers continued to deal with supply-chain disruptions.
Manufacturers weigh in as Congress negotiates China competition bill
The National Association of Manufacturers sent a letter to congressional leadership on Thursday, presenting a list of recommendations as lawmakers negotiate the details of legislation aimed at raising America's ability to compete with China.
Philadelphia Fed's manufacturing gauge drops to lowest level in 2 years
The overall business outlook for the next six months tumbled to the lowest level since December 2008, at the height of the financial crisis.
Baby formula shortage: Abbott and FDA reach deal on reopening plant amid nationwide shortage
Abbott Nutrition said Monday that it has reached a deal with the FDA to reopen an infant formula plant in Michigan that has been shut down amid the nation's ongoing shortage.
US steel industry prepares to deliver on Biden’s domestic steel mandate
Across the country, steel production is expected to increase due to a new federal mandate that prioritizes U.S. steel over foreign alternatives. Starting May 14, all federally funded infrastructure is required to use U.S.-made steel and iron.
Wholesale inflation climbs 11% in April, remaining near 40-year high
Wholesale prices on an annual basis cooled for the first time in months in April, even as inflation continued to hover near a 40-year high as a result of strong consumer demand, pandemic-related supply chain snarls and the Russian war in Ukraine.
Raytheon subsidiary Pratt & Whitney reach labor deal with Machinists Union
Union workers reached a deal with Raytheon subsidiary Pratt & Whitney at two Connecticut jet engine manufacturing plants on Sunday.
US durable goods orders inch up 0.8% in March
Orders at U.S. factories for long-lasting goods rose less than expected in March, as manufacturers confronted a worsening supply chain crisis that continued to weigh on business investment.