Syringe manufacturing plant planned in eastern North Carolina will employ 400
A company that makes containers and syringes for vaccines and other medicines will build a new manufacturing plant in eastern North Carolina, creating 400 jobs by the end of the decade, officials announced Monday. German company Schott Pharma’s U.S. operations will begin construction of a production facility in Wilson this year, investing $371 million in […]
Manufacturing investment hit new peak in January as Biden bets on green transition
Thanks in part to the Biden administration’s major investments, the switch to cleaner technologies and energy sources is underway, and the global economy is being physically restructured to accommodate it. Although it seemed to hit a high of about $200 billion last summer, private companies Investment in manufacturing construction continues to rise. New spending in […]
S&P Global Says Manufacturing Growth Accelerated In February
A measure of U.S. factory activity showed conditions improved in February at the fastest pace in a year and a half. S&P Global Purchasing Managers Index Rose The overall sector growth rate was 52.2, the fastest since July 2022, driven by new increases in production and a rapid increase in new orders. This exceeded previously […]
Gold prices holding gains but lacks bullish momentum as ISM Manufacturing Index drops to 47.8 – KITCO
(Kitco News) – The gold market continues to rally above $2,050 an ounce, but there is no noticeable bullish momentum, even as U.S. manufacturing has lost further momentum since the start of the year. On Friday, the Institute for Supply Management (ISM) announced that the manufacturing business index fell to 47.8% in February, compared to […]
OpenAI CEO Sam Altman seeking ‘trillions’ to boost chip manufacturing for AI: report
OpenAI CEO answers questions from FOX Business’ Hilary Vaughn ahead of Senate event. OpenAI CEO Sam Altman has announced a multi-trillion dollar project aimed at ramping up production of the powerful semiconductors needed to run advanced artificial intelligence programs like his company’s ChatGPT. The company is reportedly courting investors around the world to raise funds. […]
Emirates exec cites Boeing’s ‘progressive decline’ in manufacturing
The former CEO of American Airlines believes Boeing can improve its poor safety culture and regain trust. president of UAE-based airline Emirates warns that Boeing’s manufacturing processes are slowing down and the company needs to course-correct following the loss of a 737 Max 9’s door plug panel and subsequent grounding of the plane for inspection. […]
EJ ANTONI And PETER ST ONGE: How Washington Regulation Strangled American Manufacturing
US Steel, the world’s first billion dollar company, is being sold for scrap. And Washington made it happen. Originally a merger of Carnegie Steel and a myriad of smaller companies and J.P. Morgan’s favorite stepchild, U.S. Steel had been losing market share for decades. It is now being taken over by foreign rivals, the result […]
House passes $78 billion tax bill expanding child tax credit and boosting US manufacturing
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Pentagon green lights manufacturing of nuclear-capable stealth bomber: reports
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Cartel Manufacturing IEDs, Armored Vehicles in Mexico
Drug cartels vying for control of western Mexico are manufacturing their own explosive devices and armored vehicles for use in constant clashes. This trend is coupled with the increased use of drones to drop explosives and the use of makeshift mortars. Over the weekend, Mexican authorities raided a ranch in Jiquilan, Michoacan state, a rural […]