Hyundai to invest billions to bring manufacturing operations to US
The “Big Money Show” panel discusses President Donald Trump's plan to bring manufacturing back to America. Hyundai plans to invest $20 billion to bring manufacturing operations to the US. Part of the investment from South Korean automakers will be directed towards the construction of next-generation steel factories. The material is used in two plants in […]
GE Aerospace to Invest Nearly $1 Billion in U.S. Manufacturing
General Electric (GE) Aerospace will invest nearly $1 billion in American manufacturing, the Ohio-based company announced Wednesday, saying it is “aligned” with the Trump administration's economic goals. The aerospace giants too It is listed They will hire 5,000 US workers this year, Reuters reported. CEO Larry Culp shared more about the good news with Maria […]
Mattel CEO aims to offset Trump’s tariffs by shrinking manufacturing, making more movies
The second US toy company deals with tariffs by reducing its manufacturing operations and leaning towards the biggest brand-starring movies. “We used to be called toy makers,” Kreiz said at the UBS Global Consumer and Retail Conference in NYC. Now, we've become IP [intellectual property] company. “ Mattel CEO Ynon Kreiz has a big bet […]
Trump sees a ‘manufacturing boom’ in first full jobs report of second term
President Donald Trump speaks following the release of his first full employment report for his second term. President Donald Trump boasted that the US is experiencing a “manufacturing boom” following the release of his first full employment report of his second term. The Labor Department reported Friday that employers added 151,000 jobs in February, down […]
Stellantis aiming for more US manufacturing, thanks Trump for tariff exemption
President Donald Trump has granted a month's tariff exemption to US automakers complying with the US-Mexico-Canada agreement, the White House said Wednesday. Big Three automaker Stellarantis thanked the Trump administration for giving the Trump administration a month's exemption from the 25% tariffs that came into effect this week, saying “we share the president's purpose in […]
Mexico’s Manufacturing Woes Deepen as U.S. Demand Weakens Ahead of Tariffs
Tariffs on Mexico's exports to the US are poised to be hit at particularly difficult times for factories in the country. Mexican manufacturing has signed at its fastest pace in the five months of February. The latest S&P Global Mexico Manufacturing PMI fell to 47.6 from 49.1 in January, marking its eighth consecutive month of […]
US Manufacturing Expands For Second Month Under Trump, Driven by Stronger Demand and Policy Shifts
US manufacturing expanded at its fastest pace since mid-2022 in February, according to the latest S&P Global US Manufacturing PMI, which rose from 51.2 in January to 52.7. The report shows the accelerated sector recovery driven by stronger new orders and increased production. This marks the second consecutive month of expansion, coinciding with Donald Trump's […]
TSMC to announce $100B investment in US chip manufacturing
Taiwan Semiconductor Manufacturing Company (TSMC) is scheduled to announce a $100 billion investment in a US chip manufacturing plant on Monday, the White House confirmed. The billions of dollars initially reported by the Wall Street Journal will grow over the next four years. TSMC CEO CC Wei will be in the White House later Monday, […]
Chinese manufacturing surges despite threat of higher Trump tariffs | Chinese economy
Despite the looming threat of Donald Trump's tariffs this week, China's manufacturing activities expanded at its fastest pace in three months in February. Production at Chinese factories returned to growth last month, thanks to higher new orders and purchase volumes, according to an official survey. Beijing officials Manufacturing Purchase Manager Index The Statistics Bureau reported […]
Eli Lilly investing $27B more in US manufacturing
The president of Guidestone Funds Brandon Pizzurro says the company has “big prospects” for the “Craman Countdown.” Eli Lily is investing another $27 billion to boost domestic drug production to reaffirm President Donald Trump's commitment to impose manufacturing on the US on the re-shore. The latest investment, announced Wednesday at a press conference in Washington, […]