U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construc…
Technically, the homebuilder sentiment index inched one point higher to 16 in November. But the gain was offset by a revised one-point dip in October’s reading, and the numbers remain well below those seen during a healthy hous…
The Bureau of Labor Statistics data on regional and state unemployment for September shows jobless rates remain uneven. Nevada and Michigan have been particularly hard hit, with no relief in sight.
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Caterpillar Inc. (CAT) reported third quarter earnings of $1.22 per share, compared with 64 cents per share a year earlier.
Sales and revenue rose 53% to $11.134 billion, the company said in a statement.
“Third-quarter results continue to demonstra…
Building a new chipmaking plant and upgrading four others will result in thousands of construction and high-tech jobs, the world’s leading supplier of microprocessors said today. It’s a strong statement from a company that has …