Marcy Gordon

Business

US Factories Grew at Slower Pace in September

Man working in factory Rogelio V. Solis/Associated Press

WASHINGTON — U.S. factories grew at a slower pace in September as manufacturers continued to cope with supply disruptions stemming from trade disputes with China, Europe, Mexico and Canada.

Marcy Gordon | AP Business Writer
October 1, 2018
Government, Business

Commerce Secretary Wilbur Ross Denies Insider Trading

Wilbur Ross, U.S. commerce secretary, arrives to a Senate Finance Committee hearing on current and proposed tariff actions in Washington, D.C., U.S., on June 20. (Andrew Harrer/Bloomberg News)

Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company.

Marcy Gordon | AP Business Writer
June 20, 2018
Business, Fuel

Harvey Could Have Deep Impact on Texas Oil, US Economy

truck immersed in floodwaters After helping the driver of the submerged truck get to safety, a man floats on the freeway flooded by Tropical Storm Harvey on Aug. 27, near downtown Houston. (Charlie Riedel/AP)

Massive flooding caused by Tropical Storm Harvey along Texas’ refinery-rich coast could have long-standing and far-reaching consequences for the state’s oil and gas industry and the larger U.S. economy.

Marcy Gordon | AP Business Writer
August 27, 2017