WASHINGTON (Reuters) - New orders for U.S.-made goods fell in April and shipments dropped by the most in two years, indicating continuing weakness in manufacturing activity that could hurt the broader economy. FILE PHOTO: Trucks are pictured at a truck stop along I-95 in Darien, Connecticut, U.S. January 16, 2019. REUTERS/Jessica Resnick-Ault The report from the Commerce Department on Tuesday added to moderate consumer spending as well as weak home sales, construction and equipment outlays in April in suggesting that economic growth was slowing sharply after a temporary boost from trade, inventories and defense spending in the first quarter. Some economists believe the dimming economic outlook, which also reflects an escalating trade war between the United States and China, could force the Federal Reserve to cut interest rates this year. The U.S. central bank early this year suspended its three-year rate hiking campaign. Fed Chairman Jerome Powell said on Tuesday the … [Read more...] about U.S. manufacturing mired in soft patch as orders, shipments fall
Tide rises tide falls
By Amrith Ramkumar WSJ Dan Molinski WSJ Thu., May 2, 2019 Oil prices slid on Thursday, tumbling as worries about a possible supply glut helped drive prices down nearly 3% to their lowest level in a month. Optimism that output cuts by the Organization of the Petroleum Exporting Countries and an end to Iran sanctions waivers would lead to production shortages had pushed oil to a nearly six-month high last week. But the momentum has started to reverse, traders say. Investors remain uncertain whether OPEC and its allies will extend production cuts beyond June. That combined with the U.S. churning out record amounts of crude have some skeptical that oil’s climb can continue. Data Wednesday showed U.S. crude inventories rose for the fifth time in six weeks to their highest level since September 2017, prompting some traders to unwind bullish positions. Comments from Federal Reserve Chairman Jerome Powell that the Fed is comfortable with interest rates triggered … [Read more...] about Oil Falls to One-Month Low on Swelling U.S. Inventories
By: John Stepek 02/03/2019 This article is taken from our FREE daily investment email Money Morning. Every day, MoneyWeek's executive editor John Stepek and guest contributors explain how current economic and political developments are affecting the markets and your wealth, and give you pointers on how you can profit.Sign up free here. We’ll have a new podcast (maybe even more than one) for you next week, but in the meantime if you missed last week’s, you should listen to it now – Merryn talks to Bernard Connolly, economist and author of The Rotten Heart of Europe, the 1995 book that got him fired from his job at the European Commission. It might not do your blood pressure any good (regardless of the side of the Brexit divide on which you fall), but you will find it fascinating. As always, if you have any questions that you’d like Merryn and I to address, please do send them in to [email protected] Put “Questions for the … [Read more...] about The charts that matter: is the tide starting to turn?
Gallery: Olivet Baptist Church, Chattanooga Christian School to launch microschool this fall +9 more photos A partnership between two historic Chattanooga institutions — a church and a school — soon will offer a new education option for students in the city's worst-performing schools. This fall, Chattanooga Christian School and Olivet Baptist Church will launch The King School, a K-5 private school on the church's grounds off M.L. King Boulevard. The venture, leaders say, is meant to provide more quality education options to students for whom a private school education is unattainable and to increase educational equity in Chattanooga. But as the school and church recruit and launch, it could pull students — and funding — from struggling local public schools and deepen the public/private divide in education. "We want to provide an additional option," Chad Dirkse, president of Chattanooga Christian School, said. "Evidence says that families desire … [Read more...] about Olivet Baptist Church, Chattanooga Christian School to launch microschool this fall
By Michael Cabanatuan Published 9:51 am PST, Sunday, January 20, 2019 A cyclist rides through rising bay water during a high tide along the Embarcadero in San Francisco in 2015. A coastal flooding advisory is in effect until noon Sunday. A cyclist rides through rising bay water during a high tide along the Embarcadero in San Francisco in 2015. A coastal flooding advisory is in effect until noon Sunday. Photo: Paul Chinn / The Chronicle 2015 Buy photo Photo: Paul Chinn / The Chronicle 2015 Image 1 of / 52 Caption Close Image 1 of 52 A cyclist rides through rising bay water during a high tide along the Embarcadero in San Francisco in 2015. A coastal flooding advisory is in effect until noon Sunday. A cyclist rides through rising bay water during a high tide along the Embarcadero … [Read more...] about Rain, king tides to soak Bay Area on Sunday