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Capital Goods Construction and Engineering

  • The bigger-than-expected decrease in housing starts and surprise drop in permits reported by the Commerce Department on Wednesday suggested homebuilding could be plateauing against the backdrop of more expensive lumber, and land and labor shortages. "We're seeing pressure on both sides of the market, from increasingly expensive inputs on the supply side...

  • WASHINGTON, July 18- U.S. homebuilding fell to a nine-month low in June and permits declined for a third straight month, dealing a blow to the housing market as it struggles with a dearth of properties available for sale. "We're seeing pressure on both sides of the market, from increasingly expensive inputs on the supply side to prices that are charging ahead of wage...

  • NEW YORK, July 18- U.S. Treasury yields touched session lows on Wednesday with the yield curve hovering near its flattest level in nearly 11 years in the wake of data that showed U.S. home construction declined to a nine-month low in June. At 8:36 a.m., the yield on benchmark 10- year Treasury notes was 2.851 percent, down 1 basis point from late on Tuesday, while its...

  • WASHINGTON— U.S. homebuilders sharply curtailed the pace of construction in June as housing starts plummeted 12.3 percent. The Commerce Department said Wednesday that housing starts fell to a seasonally adjusted annual rate of 1.17 million from 1.34 million in May. The National Association of Home Builders/Wells Fargo builder sentiment index declined...

  • TREASURY YIELDS TOUCH SESSION LOWS AFTER BIGGER-THAN-FORECAST DROP IN U.S.

  • TREASURY YIELDS HOLD AT LOWER LEVELS AFTER U.S.

  • NEW YORK— The hammering and drilling began just months after Jared Kushner's family real estate firm bought a converted warehouse apartment building in the hip, Williamsburg section of Brooklyn. More than a dozen current and former residents of the building told The Associated Press that they believe the Kushner Cos.' relentless construction, along with rent...

  • NEW YORK— The hammering and drilling began just months after Jared Kushner's family real estate firm bought a converted warehouse apartment building in the hip, Williamsburg section of Brooklyn. More than a dozen current and former residents of the building told The Associated Press that they believe the Kushner Cos.' relentless construction, along with rent...

  • Chicago Mayor Rahm Emanuel listens to Elon Musk of The Boring Company talk about constructing a high speed transit tunnel and a 16-passenger high-speed rail vehicle system that could get travelers to and from downtown Chicago and O'Hare International Airport under 20 minutes, at speeds of over 100 miles per hour. 

    Elon Musk's ambitions often come under attack from interest groups. With his Boring Company's deal with Chicago to build a high-speed tunnel train to O'Hare Airport, cabdrivers may become the next “unfriendly” force for the billionaire entrepreneur.

  • SAO PAULO— Brazilian prosecutors have filed corruption and money laundering charges against Paul Bragg, the former chief executive officer of Houston- based offshore drilling contractor Vantage Drilling. Federal prosecutors said in a Thursday night statement that Bragg was involved in the payment of $31 million in bribes to a former executive of...

  • Here's why you should expect Industrials to bounce back in August

    Using history as a guide, we could expect Caterpillar and other industrial stocks to bounce back in the next month.

  • *China may pose biggest challenge in coming years- experts. PARIS, July 11- Rosatom is in talks with Jordan to revive a deal to build a nuclear plant in the kingdom, according to the deputy CEO of the Russian company, which is looking to add another nuclear newcomer nation to its customer list. "The Jordan deal was definitely not scrapped.

  • SAO PAULO, July 6- Brazil's state-run oil company Petróleo Brasileiro SA has lifted restrictions on doing business with certain units of the engineering firm Odebrecht SA, Petrobras said in a securities filing on Friday. Petrobras' board of directors approved the measure at a board meeting on Thursday, the filing said. Under the terms of the agreement with...

  • Tesla founder Elon Musk said on Twitter that engineers from SpaceX and The Boring Company would travel to Thailand on Saturday.

  • PARIS, July 5- France's nuclear plants are a safety threat because of their excessive reliance on outsourcing, the risk of terror attacks and a lack of operational rigor, a parliament report said. France is the world's most nuclear-reliant country, with state-owned EDF generating 75 percent of its power from 58 aging nuclear reactors spread around the country,...

  • PARIS, July 5- France's nuclear plants are a safety threat because of their excessive reliance on outsourcing, the risk of terror attacks and a lack of operational rigor, a parliament report said. France is the world's most nuclear-reliant country, with state-owned EDF generating 75 percent of its power from 58 aging nuclear reactors spread around the country,...

  • PARIS, July 5- France's nuclear plants are a safety threat because of their excessive reliance on outsourcing, the risk of terror attacks and a lack of operational rigour, a parliament report said. France is the world's most nuclear-reliant country, with state-owned EDF generating 75 percent of its power from 58 ageing nuclear reactors spread around the...

  • PARIS, July 5- France's nuclear plants are a safety threat because of their excessive reliance on outsourcing, the risk of terror attacks and a lack of operational rigour, a parliament report said. France is the world's most nuclear-reliant country, with state-owned EDF generating 75 percent of its power from 58 ageing nuclear reactors spread around the...

  • *UK Construction PMI data better-than-expected. LONDON, July 3- The pound rose on Tuesday as risk appetite rebounded and a survey showing decent growth in Britain's construction industry gave sterling some respite from recent gloom about the progress of Brexit talks. The British currency rose as much as 0.4 percent versus the dollar to as high as $1.3207, away...

  • LONDON, July 3- The pound rose on Tuesday as a rebound in risk appetite supported sterling and after a survey showed Britain's construction industry enjoying its fastest growth in June in seven months. The British currency rose 0.4 percent versus the dollar to as high as $1.3196, away from 2018 lows hit last week of $1.3050. Sterling has struggled in recent weeks...