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U.S. manufacturing output climbs for second month in June

12 mins ago DieselGasoil Comments Off on U.S. manufacturing output climbs for second month in June
WASHINGTON (Reuters) – U.S. manufacturing output accelerated in June, climbing for the second straight month, thanks in large part to increased production of motor vehicles and parts. The Federal Reserve said Tuesday manufacturing production rose 0.4% last month, above the 0.2% expected by analysts in a Reuters poll. The June numbers were stronger than the Read More

Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup

8 hours ago DieselGasoil Comments Off on Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup
BEIJING (Reuters) – Tesla Inc (TSLA.O) has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the U.S. electric vehicle maker reported record deliveries. FILE PHOTO: A logo of Tesla Motors on an electric car Read More

Trade war damage as China growth slows to 27-year low

1 day ago DieselGasoil Comments Off on Trade war damage as China growth slows to 27-year low
By James Sillars, business reporter China’s economic growth slowed to its weakest level since 1992 in the second quarter of the year – damaged by the country’s trade war with the US. Official figures released in Beijing showed an annual rate of growth of 6.2% between March and June. That represented a slowdown on the Read More

China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen

1 day ago DieselGasoil Comments Off on China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China Read More

China June industrial output up 6.3% year-on-year, beats forecasts, retail sales up 9.8%

1 day ago DieselGasoil Comments Off on China June industrial output up 6.3% year-on-year, beats forecasts, retail sales up 9.8%
FILE PHOTO: A labourer works at the Maanshan steel and iron factory in Hefei, Anhui province, March 9, 2010. REUTERS/Stringer/File Photo BEIJING (Reuters) – China’s industrial output grew 6.3% in June from a year earlier, official data showed on Monday, picking up from May’s 17-year low and handily beating market expectations. Analysts polled by Reuters Read More

China second quarter GDP growth slows to 27-year low, more stimulus expected

1 day ago DieselGasoil Comments Off on China second quarter GDP growth slows to 27-year low, more stimulus expected
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China Read More

Wall St. notches all-time highs on lingering rate-cut optimism

4 days ago DieselGasoil Comments Off on Wall St. notches all-time highs on lingering rate-cut optimism
NEW YORK (Reuters) – All three major indexes posted record closing highs on Friday as firm expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week’s kickoff of the corporate earnings season. The S&P 500 closed above the 3,000 level for the first time, with the industrial Read More

Wall Street hits new highs on rate-cut optimism

4 days ago DieselGasoil Comments Off on Wall Street hits new highs on rate-cut optimism
NEW YORK (Reuters) – U.S. stocks hit record highs on Friday as high expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week’s kickoff of the corporate earnings season. Numbers showing the rise of the Dow Jones Industrial Average above 27,000 are displayed on a screen above Read More

Wall Street rises on rate cut optimism; S&P 500, Dow hit new highs

4 days ago DieselGasoil Comments Off on Wall Street rises on rate cut optimism; S&P 500, Dow hit new highs
(Reuters) – The S&P 500 and the Dow Jones Industrial Average hit fresh record highs on Friday, as the indexes continued a strong run for the week on hopes of an interest rate cut this month, while investors waited for the start of the corporate earnings season. Numbers showing the rise of the Dow Jones Read More

S&P 500, Dow hit new highs on rate cut optimism

4 days ago DieselGasoil Comments Off on S&P 500, Dow hit new highs on rate cut optimism
(Reuters) – The S&P 500 and the Dow Jones Industrial Average hit record highs on Friday, as the indexes continued a strong run for the week on raised expectations of an interest rate cut this month. Numbers showing the rise of the Dow Jones Industrial Average above 27,000 are displayed on a screen above the Read More