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On Thursday, Biden will visit Belvidere to showcase that auto plant, which has reopened as part of the settlement of a targeted strike by the United Auto Workers union. ....
WASHINGTON (AP) — President Joe Biden went to Chicago on June 28 to give a landmark speech on “Bidenomics,” only to learn in private during the trip about a soon-to-close auto factory, news that was a challenge to his vision for the country. The prospect of a shuttered Stellantis plant in the small city of Belvidere became an immediate […] ....
China's factory activity surprisingly returned to expansion in August, a private-sector survey showed on Friday, with supply, domestic demand and employment improving, suggesting official efforts to revive growth might be having some effect. The Caixin manufacturing PMI surveys around 650 private and state-owned manufacturers and focuses more on export-oriented firms in coastal regions, while the official PMI surveys 3,200 companies across China. The upturn in sales contrasts with deepening declines in new export orders, suggesting stronger domestic demand was the main source of growth. ....
Impact on manufacturing, factory closures, lockdowns. but the interesting price is the price of oil, which has also been impacted. dropping about 3% for light crude, just over 3% for brent crude. many traders expect weaker fuel demand in china as a result of the zero covid strategy and now this political uncertainty. find this political uncertainty. and also, of course, this political uncertainty. and also, of course, concern about the impact on global trade. we have seen protests four weeks at the fox, factory. what are people saying about that? china is facin: a people saying about that? china is facing a number people saying about that? china is facing a number of people saying about that? china is facing a number of big - is facing a number of big economic challenges, a property crisis, rising unemployment especially among young people, all leading to slower growth. lockdowns stopping people spending as much money. the ....