Rivian Plans to Cut 10% of Salaried Staff as EV Rush Stalls
Rivian Automotive Inc. shares fell in early trading after the electric vehicle maker issued a disappointing production forecast and announced another round of job cuts.
Factory Gauge Contracts at Slowest Pace in Nearly a Year
A measure of U.S. factory activity contracted in September by the least in nearly a year, offering hope that the worst may be over for the nation’s producers.
Factory Production Rebounds in April After March Slump
Production at U.S. factories rebounded in April, led by a firm advance at automakers and suggesting some stabilization in goods demand.
New EV Models Drive Up North American Factory Production
North American factories cranked out 219,000 battery-powered cars and trucks in the first three months of the year, a 39% increase over the year-earlier period.
Factory Production Declines on Weaker Equipment Demand
Production at U.S. factories fell in March for the first time this year as companies show signs of ratcheting back investment plans.
US Factory Expansion Is Solid; Price Gauge Highest Since 1979
U.S. manufacturing continued to expand at a solid, yet slightly slower pace in June while a measure of prices paid for materials jumped to an almost 42-year high.
Factories Pivot to Fight Coronavirus, but Challenges Abound
Factories across industries are trying to answer the call of duty amid a pandemic that has so far claimed more than 15,000 lives and sickened 350,000 people globally.
Factory Gauge Hits 10-Year Low as Employment Wobbles
A measure of U.S. manufacturing unexpectedly fell deeper into contraction, posting the weakest reading since the end of the last recession as a global slowdown and the U.S.-China trade war increasingly weigh on the sector.
Factory Gauge Drops Less Than Forecast, but Orders Stall
A gauge of U.S. factory activity fell in June by less than forecast as output and jobs improved though new orders stalled, highlighting the repercussions of trade uncertainty and slower growth abroad.
Manufacturing Production Unexpectedly Shrinks in February
U.S. factory production slumped for a second month in February, missing forecasts for a pickup, indicating headwinds from the trade war to slower global growth are weighing on manufacturers. Still, the prior month’s drop was revised up.