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Business News

Manufacturing Picks Up


Another day another record on both the S&P 500 and the Dow Jones Industrial Index.  That has now happened three sessions in a row. (CNBC)

Markets seesawed yesterday in early trading as the Institute for Supply Management twice incorrectly reported their factory production index number for May.  But when it was all said and down the number showed manufacturing in the US expanded in at its fastest pace so far in 2014.  The number was driven higher by strong orders and auto production. (Bloomberg)

China’s factories showed their best performance in four months in May as export orders rebound. However figures show factory production is still contracting. (Associated Press)

Trading volumes at discount brokers is seen as a measure of investor confidence.  Those numbers have been showing a downward trend since the end of last year.  E*Trade says their volume in May was down 9% from the year prior. (Reuters)

A ballot measure to get the State of Oregon out of the hard liquor business and put it back in the hands of private entrepreneurs is now collecting signatures for the November ballot.  The deadline to collect signatures is July 3rd. (Oregon Live)


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