Category: Economy

US Auto Industry Factory Production Falls Most Since August

Output at U.S. auto manufacturers fell unexpectedly in March by the most since August of last year, according to Federal Reserve data that was released on Tuesday. According to the data, the decline in output stems from a slow recovery at factories, as production only rose 0.8 percent last month from a year earlier. Factory production declined 0.4 percent, despite a 0.3 percent rise in February. Economist Paul Ashworth of Capital Economics claimed that despite the decline, the data shows “a marked improvement on last year when manufacturing output all but stalled due to the weakness of global demand and...

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Price Of Gold Spikes As Investors Get Spooked By Talk Of World War III And Nuclear Conflict

Whenever the world starts going crazy, investors instinctively begin flocking to precious metals.  So it wasn’t exactly a surprise when gold and silver prices started to move upward aggressively as global leaders continued to talk about the possibility of World War III and nuclear conflict.  The price of gold spiked to a five month high on Tuesday, and as I write this article gold is currently sitting at $1277.10 an ounce.  Right now silver is at $18.35 an ounce, and many analysts believe that it is poised for a dramatic jump in the weeks and months to come as...

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263K New Private Sector Jobs in March, Beats 185K Estimate (VIDEO)

The jobs numbers are out and it’s looking good for the Trump economy. 263,000 new private sector jobs were added in March. Fox Business reports: U.S. private employers added 263,000 jobs in March, more than the number they hired in February and well above economists’ expectations, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 187,000 jobs, with estimates ranging from 110,000 to 225,000. Private payroll gains in the month earlier were revised down to 245,000 from the originally reported 298,000. Economists polled...

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Consumer Confidence Booms to Highest Level in 16 Years

Consumer’s confidence in March rocketed to the highest level more than 16 years, according to data released Tuesday.  America’s middle class, in particular, registered huge gains in confidence. The Conference Board said its consumer confidence index soared to 125.6 in March, up from 116.1 in February. Economists had expected a decline to 114.1. Measures of consumer and business confidence continue to defy experts by climbing ever higher since the election of President Donald Trump. Despite media reports of hate crimes and an ongoing narrative that America has unentered a period of uncertainty and ill-will, surveys of consumers show that...

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Ford invests $1.2bn in Michigan auto plants as Trump tweets ‘Jobs! Jobs! Jobs!’

Ford has announced that it will create 130 jobs when it invests $1.2 billion in Michigan auto plants. The investment follows contract negotiations with the United Auto Workers almost two years ago. President Donald Trump tweeted before the official announcement, saying “car companies are coming back to the US even though a Ford executive said the plant investments were planned long before Trump took office. “Big announcement by Ford today. Major investment to be made in three Michigan plants. Car companies coming back to U.S. JOBS! JOBS! JOBS!,” the president tweeted.   Big announcement by Ford today. Major investment...

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