You’ve likely got a car. It’s not an inexpensive purchase, and you probably take good care of yours, right? If you drive it conservatively and care for it properly by keeping the tires inflated and the oil changed, you can expect to enjoy great gas mileage and the car lasting you several years. Now, imagine […]
Reshoring News
Steel industry trade group the Steel Tube Institute (STI) is shifting its priorities for 2024 to reflect current trends in commercial construction, building, and reshoring. The Chicago-based group said in a November 14 statement that it is responding to increasing demand for buildings that support the distribution industry, data centers, chips and battery plants, and […]
Wednesday saw the introduction of a highly-anticipated bipartisan bill aimed at harnessing economic potential across North, Central and South America—and it includes billions of dollars in incentives for circular fashion. The Americas Act, formally introduced by Senators Michael Bennet (D-Co.) and Bill Cassidy (R-La.), would “establish a regional trade, investment, and people-to-people partnership of countries […]
What it doesn’t directly address is that US companies are often at fault for this exploitation, as they push suppliers to lower their prices in order to increase their own profits. The idea is to offer an alternative for US companies to manufacture locally so there’s no excuse to continue seeking labour in countries with […]
Despite the slowdown in the economy, there’s one area that continues to boom, and that’s non-residential construction and, specifically, manufacturing construction spending. The latter is up sharply in recent years, reaching $214 billion in 2023. I think the theme may have more room to run, and stocks like Comfort Systems USA (NYSE: FIX), Carrier (NYSE: […]
AI is a clear catalyst for SOXQ. It has contributed to a nearly 67% gain for the ETF over the past 12 months. Some market observers believe prior estimates for chip demand tied to AI are likely to prove too conservative. “In January, Deloitte projected that global semiconductor chip sales, led by AI chips, would […]
The last few years have reshaped the exchange-traded fund landscape. It was just a handful of quarters ago when environmental, social and corporate governance ETFs were all the rage, drawing in billions of dollars around the world into both equity and fixed-income funds.1 But a soaring Energy sector, led by big and small oil and […]
The National Aeronautics and Space Administration has completed a leasing and development agreement with American Center for Manufacturing & Innovation at Exploration Park, a planned 240-acre manufacturing, research and development campus located adjacent to the Johnson Space Center in Houston. ACMI and its industrial development subsidiary, ACMI Properties, are set to develop the Space Systems […]
In 2011, during a dinner in Silicon Valley, President Barack Obama questioned Apple’s founder and CEO, Steve Jobs, on why the company couldn’t manufacture its products on American soil. It’s reported that Jobs was dismissive, arguing that production and assembly jobs would never return to the United States. At the time, offshoring was all but the default option […]
WASHINGTON – U.S. Senators Bill Cassidy, M.D. (R-LA) and Tommy Tuberville (R-AL) sent a letter demanding the Environmental Protection Agency (EPA) rescind the recently finalized rule for the National Ambient Air Quality Standards (NAAQS) for fine particulate matter (PM2.5) and direct the EPA to revisit, pursuant to the best available science, its next review at the congressionally […]
