Economy | Industrial Distribution

In this April 24 file photo, empty United Airlines ticket machines are shown at the Tampa International Airport in Tampa, FL. United United Airlines will send layoff warnings to 36,000 employees - nearly half its U.S. staff - in the clearest signal yet of how deeply the virus outbreak is hurting the airline industry.

US Economy Stumbling as Pandemic Worsens

Six states representing one-third of the economy are reversing reopening plans, while plans are on pause in 15 other states.

Democratic presidential candidate, former Vice President Joe Biden speaks at Alexis Dupont High School in Wilmington, Del. on Tuesday, June 30.

Biden Calls For $700B+ ‘Buy American’ Campaign

He proposes tightening current “Buy American” laws that are intended to benefit US firms but can be easily circumvented by government agencies.

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Following PMI, June Fastener Distributor Index Surges to 19-Month High

The new FDI had its largest one-month gain since the spring of 2017, led by a surge in the index's sales index.

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Americans' Discipline Will Be Tested This Weekend

Wearing masks amid concerns of the spread of COVID-19, volunteers Karen Cooperstein, right, and Edwin Chinchilla, left, prepare food for the pubic during a drive through food pantry distribution by Catholic Charities in Dallas, Thursday, July 2, 2020.

US Unemployment Falls to 11%

Manufacturing’s Top 5 Bounce Back Economies

In this May 20 photo, a construction worker stands on stilts while working at a residential building construction site at the Harbor Point redevelopment site on the Stamford, CT waterfront.

May US Construction Spending Down 2.1%

In this May 13 photo, Ford Motor Co. employees work a ventilator at the Rawsonville plant in Ypsilanti Township, Mich. The plant was converted into a ventilator factory, as hospitals battling the coronavirus report shortages of the life-saving devices.

Manufacturing PMI Jumps to Positive

The PMI registered 52.6 last month after a paltry 43.1 in May and 41.5 in April.

The Washington Monument and U.S. Capitol at sunrise, March 18, 2020.

Senate Extends Small Business Relief Program

The unexpected maneuver extends the Paycheck Protection Program through August.

Distrib. Pandemic Index Falls Further

A month ago, the PRI signaled distributors may be out of the weeds. The latest figures prove otherwise.

Employees work on a car assembly line.

Companies Prodded to Rely Less on China

The pandemic fueled warnings that relying too much on China leaves global companies vulnerable.

In this March 3, 2020 photo, Federal Reserve Chair Jerome Powell speaks during a news conference in Washington.

Powell: Recovery Unlikely Until Confidence Resumes

In testimony Tuesday, US Federal Reserve Chairman says the outlook for the US economy is "extraordinary uncertain".

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How the New Wave of Manufacturing Has Changed for the 21st Century

Despite momentary headwinds, American industry is thriving. Here's how US manufacturing is changing for the better.

The Federal Reserve building in Washington, May 22, 2020.

Fed to Buy Bonds from Some 750 Companies

The list includes Apple, Walmart and ExxonMobil.

President Donald Trump speaks during a visit to Fincantieri Marinette Marine on Thursday, June 25 in Marinette, WI.

Trump Boasts of 'Aptitude for Manufacturing' in WI Visit

Visiting the Fincantieri Marinette Marine shipyard, the President offered a rosy prediction for the coronavirus-battered economy.

In this April 21, 2020, file photo Treasury Secretary Steven Mnuchin speaks about the coronavirus in the James Brady Press Briefing Room of the White House in Washington.

US Sent $1.4B in Virus Relief to Dead People

The government has asked survivors to return the money, but it's not clear if they have to.

Buyers Breakdown: IT Spending Drives Electronics Mfg

Electronics manufacturing reboots as work-from-home drives IT, and it might be here to stay.

In this July 22, 2019 photo, trucks hauling shipping containers wait to unload at the Port of Oakland in Oakland, Calif.

US Economy Shrank 5% in Q1

It's the sharpest quarterly decline since an 8.4% fall in Q4 of 2008.

In this March 19, 2020 file photo, a deserted construction site is pictured in Dardilly, near Lyon, central France. The virus crisis has triggered the worst global recession in nearly a century -- and the pain is not over yet even if there is no second wave of infections, an international economic report warned Wednesday.

IMF Downgrades Outlook for Global Economy

The revision predicts contraction that's significantly worse than the 3% drop it had estimated in its April report.