US Factory

The survey's measure of new orders received by businesses increased to 55.0 from 53.6 last month

Merck & Co., Novo Nordisk A/S and Eli Lilly & Co. are among firms that have started US builds since 2023, with construction sites in Delaware, North Carolina and Texas

Rare earths have become a flashpoint in US-China trade talks, with China using its dominance in these key materials-vital to cars, iPhones and more-as leverage in negotiations

There were also decreases in orders for computers and electronic products, and fabricated metal products. But orders for machinery rose as did those for primary metals as well as electrical equipment

One person is dead and several others are injured after an overnight fire at a Tyson Foods plant in southwest Georgia, the company said on Friday. Tyson said it was working with local authorities to determine the cause of the fire. The Retail, Wholesale and Department Store Union, which represents 1,600 workers at the plant, said Friday that a boiler had exploded at the plant. We extend our deepest condolences to their family and friends during this difficult time. Right now we are still gathering the facts, but ensuring the safety of our team members is our top priority, and we are conducting a full investigation into the cause of the fire, Tyson said in a statement. The plant in Camilla, with a population of about 5,000 people, is the largest employer in Mitchell County. Tyson bought it in 2018 as part of its USD 2.16 billion purchase of Keystone Foods. Agriculture is the backbone of our economy down here and Tyson is a major part of that, said Camilla Mayor Kelvin Owens said. O

Excluding autos, manufacturing decreased 0.6% from December, the most since March. It also marked the fourth-straight monthly decline

Total industrial production, which includes mining and utilities, jumped 1%, the most since the start of the year

President Donald Trump has defended the duties as necessary to protect American industries from what he says is unfair foreign competition

US auto sales fell 6.1% in July from a year ago

The Fed said it expected that economic activity would expand at a 'moderate pace'