Text size

With bank earnings, Apple’s iPhone event, and the start of Amazon Prime Day on the schedule, Tuesday promised fireworks for the stock market. Instead, they delivered yawns as investors wrestled with continued Covid headlines and no stimulus.


S&P 500

finished down 0.6%, while the

Dow Jones Industrial Average

declined 157.71 points, or 0.6%, and the

Nasdaq Composite

dipped 0.1%. Yes, it was a down day, but not a big one.

“Stocks remained remarkably stable in the face of the scary COVID headlines and the global risk selloff, and this relative strength is even more impressive due to the lack of a stimulus deal,” writes Gorilla Trades strategist Ken Berman.

The same can’t be said for the companies that were making news.


for instance, dropped 2.7% after releasing the details of its new iPhones. They were nice, but not exciting enough for a stock that had

Read More

India’s industrial production, as measured by the Index of Industrial Production (IIP), contracted for the sixth month in a row in August by 8 per cent y-o-y. However, one good news is that basic metals production improved from a year ago levels. The basic metals sub-index in IIP recorded a growth of 0.1 per cent y-o-y in August. This is significant, since the index was in contraction since February and in April recorded the steepest drop of 70 per cent.

Another optimistic signal is also the recovery in the Purchasing Managers’ Index (PMI). The PMI, which was 52 in August, moved higher to 56.8 in September — the fastest growth since January 2012, recovering from 27.4 in April.

Government housing and electrification projects have been driving demand for metals, say physical market participants. Consumption of long steel has seen sharp recovery – it was 4.5 million tonnes (mt) in August,

Read More

Malware authors are using an advanced toolset for industrial espionage, warned researchers at cybersecurity firm Kaspersky.

Kaspersky uncovered a series of highly targeted attacks against industrial holdings by advanced persistent threat (APT) actors.

These cybercriminals are using a toolset originally named MT3. Dubbed by Kaspersky as “MontysThree,” the tool uses “a variety of techniques to evade detection, including hosting its communications with the control server on public cloud services and hiding the main malicious module using steganography.”

The malware

MontysThree consists of four different modules. Initially, the cybercriminals spread the first loader using RAR SFX files which are self-extracted archives. These files are disguised to trick employers into downloading them. They contain names related to employees’ contact lists, technical documentation, and medical analysis results to trick employees as part of a common spear-phishing technique. The loader deploys a technique known as steganography to ensure that the malware remains undetected.


Read More

Text size

If the Democrats sweep, they might seek to pass the original $3.4 trillion Heroes Act that cleared the House in May.


Sometimes the “why” is less important than the “what.” And that’s particularly true for investors right now.

Try explaining this: The

Dow Jones Industrial Average

advanced 904.09 points, or 3.3%, to 28,586.90 this past week, its second consecutive weekly gain, while the

S&P 500 index

rose 3.8%, to 3477.13, and the

Nasdaq Composite

gained 4.6%, to 11,579.94. Even more shocking, the small-company

Russell 2000

index climbed 6.4%, to 1637.55.

A possible stimulus package got much of the credit—and attention—this week, and there’s no doubt that the market would love to see a bill get passed. The Federal Reserve would too, as Fed Chairman Jerome Powell continued to call for the government to act sooner rather than later. But if it was all about stimulus,

Read More

Much has been written about the pandemic-precipitated problems plaguing real estate’s commercial sector. But with office and retail-oriented real estate feeling the ill effects of COVID-19, there’s one sector that seemingly remains in the pink of health.

That is the commercial real estate industry’s industrial sector, comprised of factories, warehouses, distribution centers, fulfillment centers, data centers and similar real property. JLL
recently reported e-commerce represents half its U.S. leasing activity, an increase from the 36% number registered prior to the onset of COVID-19.

The firm projects an anticipated $900 billion increase in online sales over the next half decade will translate to need for more than one billion additional square feet of industrial real estate by 2025.

In few places is the metamorphosis

Read More

BAY CITY, MI – Bay City’s South End is one step closer to becoming the new home of a state-of-the-art marijuana growing facility that promises to bring about 100 jobs to the area.

On Monday, Oct. 5, the Bay City Commission approved an Industrial Facilities Tax Exemption Certificate application for Shango Park Bay City Inc. to allow the company to rehabilitate a vacant 24,800-square-foot building located at 1601 Garfield. The approved IFT is for the total amount of $7 million for 12 years.

Shango’s proposed plan involves turning the empty building and its 5-acre property into a mixed-use facility for marijuana cultivation, processing and storage, with the possibility for corporate offices. The existing structure will primarily be used for cultivation and offices while additions are planned to include a bakery and extraction lab.

Construction is slated to start in Fall of 2020, with the first phase of construction estimated to

Read More

BERLIN (Reuters) – Orders for German-made goods rose 4.5% in August, more than expected, boosting hopes for a robust third-quarter in Europe’s largest economy after the coronavirus shock.

The increases were driven by demand from the euro zone, the Federal Statistics Office said on Tuesday, suggesting companies are making good progress back to pre-crisis levels. A Reuters forecast had predicted a 2.6% gain on the previous month.

“The catch-up process for new industry orders is continuing at a remarkable pace,” the economy ministry said in a statement.

Order intake was now only 3.6% lower than in February, before lockdown measures were imposed to slow the spread of the coronavirus, the office said.

Economists applauded the strong data, but cautioned that rising infection rates across Europe were increasing the risk of setbacks.

“It is difficult to imagine how German manufacturing could escape another round of lockdown measures with important trading partners,”

Read More

The global safety shoes market size is poised to grow by USD 890.34 million during 2020-2024, progressing at a CAGR of almost 3% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005967/en/

Technavio has announced its latest market research report titled Global Safety Shoes Market 2020-2024 (Graphic: Business Wire)

The rising instances of industrial accidents is one of the primary growth factors for this market. The increasing number of accidents across industries such as oil and gas, chemical, construction, and food processing is creating the need for safety attire

Read More

  • Arm’s new chip architectures for industrial and automotive automation promise advancements in safety and efficiency.
  • But this new architecture could draw more scrutiny toward Nvidia’s potential acquisition.

UK-based semiconductor designer Arm unveiled high-performance CPU and GPU architectures that promise to unlock more advanced automation across industrial and automotive use cases.

nvidia revenues, by fiscal quarter

Arm’s autonomous chip architecture could draw scrutiny toward Nvidia’s potential acquisition.

Business Insider Intelligence

Since Arm’s architectures are widely licensed throughout the chip industry, the new designs could accelerate development within the automotive and industrial automation sectors. Arm claims the Cortex-A78AE CPU will offer a 30% performance boost relative to its predecessor, while the Mali-G78AE GPU will unlock more advanced autonomous capabilities by enabling up to 24 shader cores to function simultaneously. 

The new chips utilize partitioned architecture, allowing them to efficiently address safety concerns that hamper automation efforts. Because of the high stakes of a miscalculation, chips for autonomous

Read More

Eli Holzman, a veteran reality TV producer, used to joke that his company’s specialty was turning out “really good shows that are really hard to make that nobody watches.”

But then came the streaming boom. Now, as Holzman tells Variety podcast Strictly Business, there is seemingly insatiable demand for shows that would have been tough sells in the past. He cited Netflix’s sleeper hit “Indian Matchmaking” as a prime example.

“We thought, ‘Here’s another good show we’ve made that people will never see,’” Holzman says. But Netflix’s wizardry with algorithm-driven recommendations helped put the show on a pedestal after its July debut. “A blessing of the streaming era has been that things are a bit more discoverable and shareable.”

Listen to the lastest episode of Strictly Business below:

Holzman, at present, is CEO of Industrial Media, a collection of independent production banners that together have more than 60 series running

Read More