Manufacturing

Tesla shares rise on delivery forecast

Tesla will report their latest quarterly deliveries on Sunday. Barclays Senior Autos Analyst Dan Levy expects the electric vehicle maker to exceed the 420,000-unit consensus forecast.

Manufacturing contracts for third straight month

The Institute for Supply Management (ISM) said that its Manufacturing Purchasing Managers’ Index (PMI) reached of 47.7 last month after reaching 47.4 in January, notching the third straight month of contraction.

Pentagon to reap rewards from $53B Chips Act

Commerce Secretary Gina Raimondo has outlined further details of the implementation of the Chips Act, which will include government sharing in excess profits and DOD priority.