Molly Smith

Government, Business

Manufacturing Growth Weakens to Two-Year Low as Orders Slump

Dakkota assembly line Employees work on the assembly line at the Dakkota Integrated Systems manufacturing facility in Detroit. (Jeff Kowalsky/Bloomberg)

A measure of U.S. manufacturing activity weakened in June to a two-year low as new orders contracted, restrained by lingering supply constraints and some softening in demand.

Molly Smith | Bloomberg News
July 1, 2022
Government, Business

Factory Output Surprises With First Decline in Four Months

 An American flag hangs at a factory in Fort Worth, Texas An American flag hangs at a factory in Fort Worth, Texas. (Luke Sharrett/Bloomberg News)

U.S. factory production unexpectedly declined in May for the first time in four months, restrained by supply challenges and hints of cooler demand for some big-ticket consumer goods.

Molly Smith | Bloomberg News
June 17, 2022
Government, Business

Consumer Sentiment Falls to Fresh Decade Low on Inflation

Shoppers wait in line to checkout inside a grocery store in San Francisco Shoppers wait in line to check out inside a grocery store in San Francisco. (David Paul Morris/Bloomberg News)

Consumer sentiment deteriorated further in late May to a fresh decade low as escalating concerns over inflation dimmed the outlook for the economy.

Molly Smith | Bloomberg News
May 27, 2022
Government, Business, Fuel

Retail Sales Show Impact of Surging Gas Prices

gas pump Tom Merton/Getty Images

U.S. retail sales picked up in March, helped by a surge in gas station receipts that masked mixed results in other large spending categories as consumers contend with decades-high inflation.

Molly Smith | Bloomberg News
April 14, 2022
Government, Business

US Added 534,000 Jobs in November, ADP Data Show

US Added 534,000 Jobs in November, ADP Data Show Job seekers attend a Job News USA career fair in Louisville, Ky. (Luke Sharrett/Bloomberg)

U.S. companies added workers at a healthy clip in November, suggesting employers continue to chip away at filling a near-record number of open positions.

Molly Smith | Bloomberg News
December 1, 2021
Business

A Record 4.4 Million Americans Quit Their Jobs in September

A Record 4.4 Million Americans Quit Their Jobs in September The nation’s employment picture remains mixed as millions quit their jobs. (Jeff Chiu/Associated Press)

An unprecedented number of Americans quit their jobs in September, highlighting how persistent churn is undercutting employers’ efforts to fill a near-record level of vacancies.

Molly Smith | Bloomberg News
November 12, 2021
Government, Business, Logistics

GM Strike Seen Forcing Credit Firms to Mull Action

General Motors Brittany Greeson/Bloomberg News

The United Auto Workers union’s strike against General Motors Co. may force credit raters to take action and move the company closer to junk status, according to Bloomberg Intelligence.

Molly Smith | Bloomberg News
October 9, 2019
Business, Logistics

FedEx to Borrow $1.5 Billion for Contribution to Pension Plan After Tax Changes

Victor J. Blue/Bloomberg News

FedEx Corp. is borrowing $1.5 billion to fund a contribution to its pension plan that it announced after the passage of U.S. tax law changes.

Molly Smith | Bloomberg News
January 29, 2018