Business News

Growing Manufacturing

The pace of growth in the U.S. services sector fell in March to its lowest level in three months but exports rose to the highest level in over two years, according to the Institute for Supply Management.  The rise in the exports index came despite the U.S. dollar's surge against a basket of major currencies of more than 20% since last May. A strong dollar typically crimps demand for U.S exports and reduces the value of overseas sales when they are translated back into U.S. dollars. (Reuters)

In March, Americans' daily spending averaged $86, level with the March 2014 average of $87, but below the averages for many months in 2014. Last month's figure, however, is up slightly from February's $82. (Gallup)

Looking to expand globally, FedEx plans to buy Dutch rival TNT Express in an all-cash $4.8 billion deal. Two years ago, UPS tried to buy TNT, but was denied by competition regulators. (CNBC)

Samsung Electronics today reported earnings guidance that beat expectations, in what analysts say could be the "first glimpse of a turnaround" for the struggling tech giant. (CNBC)
 

On Air Now

Dan Bongino
Dan Bongino
9:00am - 12:00pm
The Dan Bongino Show

FlashAlert

KBND ON FACEBOOK

News Disclaimers