Reade Pickert

Government, Business

US Manufacturers Plan First Pullback in Investment Since 2009

GE Manufacturing Solutions facility in Fort Worth, Texas General Electric Evolution Series Tier 4 diesel locomotives stand on the final assembly line at the GE Manufacturing Solutions facility in Fort Worth, Texas, on Oct. 25, 2016. (Luke Sharrett/Bloomberg News)

U.S. manufacturers expect to reduce capital spending in 2020, a trend that could limit a rebound in the sector even as companies see profits improving.

Reade Pickert | Bloomberg News
December 9, 2019
Government, Business

Share of Small Businesses Planning Higher Pay Nears Record

American flag at a manufacturing facility in Bowling Green, Ky. An American flag is displayed on the factory floor at the Holley Performance Products Inc. manufacturing facility in Bowling Green, Ky. (Luke Sharrett/Bloomberg News)

As a tight labor market makes filling positions more difficult, 26% of U.S. small-business owners plan to increase pay in coming months, the most since a record in 1989, according to a National Federation of Independent Business report out Dec. 5.

Reade Pickert | Bloomberg News
December 5, 2019
Government, Business

US New-Home Sales Post Two Best Months in More Than 12 Years

US New-Home Sales Getty Images

Buyers snapped up new U.S. homes over the past two months at the fastest pace in more than 12 years, adding to signs of sturdy housing demand amid lower prices and borrowing costs.

Reade Pickert | Bloomberg News
November 26, 2019
Government, Business

US Productivity Unexpectedly Posts First Decline Since 2015

US productivity Paul Taggart/BLoomberg News

Productivity in the U.S. unexpectedly posted the first decline in almost four years and labor costs accelerated, suggesting a pickup in efficiency earlier this year was more of a temporary shift.

Reade Pickert | Bloomberg News
November 6, 2019
Government, Business

GM Strike May Shave Tens of Thousands From October Payrolls

GM picket line Anthony Lanzilote/Bloomberg News

The October jobs report is poised to take a hit from the 46,000 striking General Motors Co. employees.

Reade Pickert | Bloomberg News
October 25, 2019
Business

Americans Are Unhappy at Work After Years of Economic Gains

A worker shapes and drills a wooden tap handle A worker shapes and drills a wooden tap handle at the Hankscraft AJS manufacturing facility in Random Lake, Wis., on June 27, 2019. (Patrick Mouzawak/Bloomberg News)

The economy has added millions of jobs and pay gains have accelerated in recent years, but Americans aren’t crazy about their work.

Reade Pickert | Bloomberg News
October 23, 2019
Government, Business

Trade Gap With China Narrows as Exports Hit Five-Month High

Trade SeongJoon Cho/Bloomberg News

The United States’ merchandise trade deficit with China narrowed in August as exports rose to a five-month high, a possible sign of goodwill from the Asian nation as the countries try to resolve their trade war.

Reade Pickert | Bloomberg News
October 4, 2019
Government, Business

Services Gauge Drops to Three-Year Low

Services Luke Sharett/Bloomberg News

America’s service industries joined manufacturing in taking a big step back last month, fueling concerns that the global slowdown and trade war are weighing more on the broader economy. Stocks, the dollar and Treasury yields all fell after the report.

Reade Pickert | Bloomberg News
October 3, 2019
Government, Business

Factory Gauge Hits 10-Year Low as Employment Wobbles

Factory Worker Ty Wright/Bloomberg News

A measure of U.S. manufacturing unexpectedly fell deeper into contraction, posting the weakest reading since the end of the last recession as a global slowdown and the U.S.-China trade war increasingly weigh on the sector.

Reade Pickert | Bloomberg News
October 1, 2019
Government, Business

Home Price Index Rises at Slowest Pace Since 2012

Home for sale A McLin/Flickr

Home-price gains in 20 U.S. cities decelerated in July for a 16th straight month, as values proved still too elevated for buyers despite low mortgage rates.

Reade Pickert | Bloomberg News
September 24, 2019

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