US manufacturing sector contracts in November for first time since 2020
The U.S. manufacturing sector shrank in November for the first time since 2020 as higher interest rates sapped demand for goods, according to an ISM survey.
MIT researchers creating self-replicating robots with built-in intelligence
MIT researchers are building swarms of tiny robots with a built-in intelligence, allowing them to build structures, vehicles, or larger versions of themselves.
New orders for US durable goods increased during October despite inflation
The Census Bureau released a survey on Wednesday indicating that U.S. manufactured durable products increased in October amid a global economic slowdown.
World's largest iPhone factory needs 100K new workers ahead of holidays
Taiwanese manufacturing giant and Apple iPhone supplier Foxconn is in need of tens of thousands of new workers at their Zhenzhou facilities to return to full production capacity.
For chip makers, the flip from shortage to glut intensifies
Qualcomm joined a chorus of companies cutting costs, saying it curtailed spending and froze hiring as electronics manufacturers are slowing chip orders.
Workers walk out of iPhone factory, highlighting virus woes
Exporters in China are trying to fill orders while coping with a "Zero COVID" strategy that abruptly shuts down cities for a week or longer to contain outbreaks.
Hyundai breaks ground on $5.5B electric car plant in Georgia
New $5.5 billion Hyundai plant a political boost for incumbents Gov. Brian Kemp (R-GA) and Sen. Warnock (D-GA) facing Stacey Abrams and Herschel Walker respectively.
Elon Musk says Tesla will build 50,000 semis annually starting in 2024, making it a top truck company
Elon Musk said that Tesla will be building 50,000 Semi tractor trucks annually starting in 2024. The first of the Class 8 trucks will be delivered in December.
Apple cuts production of iPhone 14 Plus - the Information
The maker of the iPhone 14 Plus, Apple, is pulling back it's production of the model shortly after release amidst a global slowdown in smartphone demand.
Wholesale inflation rises more than expected in September, with prices jumping 8.5%
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 Wednesday.
iPhone-maker Foxconn reveals its Ohio-built electric car
The Foxtron Model B is a compact electric hatchback that will be built at the Lordstown, Ohio, factory owned by iPhone maker Foxconn starting in 2024.
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.


















