New orders for manufactured durable goods tumbled 14.4% last month, the second-largest drop ever, driven by a plunge in demand for transportation equipment such as auto parts as the coronavirus pandemic began to halt business and consumer activity.
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HOUSTON (Reuters) – Texas energy regulators listened as top energy executives on Tuesday backed a plan to cut the state’s output by 1 million barrels per day without tipping their hands through more than five hours of sometimes dire testimony.
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Stock markets are bouncing back Tuesday after Monday’s small-scale sell-off, and the S&P 500 ended the day up more than 3%. Today’s biggest gainers are an eclectic bunch, with companies as widely varied as Bloom Energy (NYSE:BE) (fuel cells), …
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Cummins Inc. announced Tuesday that it is contributing toward the nationwide effort to produce urgently needed medical equipment amid the coronavirus pandemic by making particulate filters for 3M Co. respirators. Production of the high-efficiency …
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There has been much discussion in Washington, D.C. over the procedures to begin reopening the country and who has the power to make that call. Rob Natelson, Constitutional Fellow with the Independence Institute in Denver, provided his perspective.
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