Dismal regional manufacturing readings are sounding alarm bells that business activity is slowing down heading into the summer. The latest bad news came Monday out of Texas, where the Dallas Federal Reserve’s outlook survey for the sector in June pointed to a substantial level of contraction fueled by a plunge in the growth rate of
Wall Street strategists mostly agree that the worse-than-expected August jobs report wasn’t just a mild setback for the COVID-19 economic recovery, it was a major setback that warrants closer attention by investors. “A major speed bump,” is how Bank of America economists summed up the report in a flash note to clients on Friday. “There
Construction of a proposed 2.9 million-square-foot distribution center along 155th Avenue immediately north of Interstate 80 and west of the Davenport Municipal Airport is already underway. The city of Davenport and the Quad Cities Chamber of Commerce will announce a major economic development project at a press conference Wednesday, according to a city media advisory. It
The climate crisis is certain to be a hot topic at the G7 summit in Cornwall. While the leaders of the world’s richest countries agree in theory on the need to reach net zero emissions by 2050 at the latest, they remain faithful to a fossil fuel industry reluctant to substantively change its business model.