Manufacturers order more supplies
In a sign that the recovery is gathering steam, manufacturers are ordering more supplies, says Chicago’s Institute for Supply Management. Its business-activity index rose to 56.1 from 54.2 last month, indicating that factory owners are ordering more raw materials to meet increased demand.
Bloomberg.com
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Steep rise in tea prices
Wholesale prices for tea hit an all-time high last week, due to droughts in Kenya, India, and Sri Lanka, the world’s biggest tea exporters. High-quality black tea hit an all-time high of $5.32 per kilogram, up 80 percent since the beginning of the year.
Financial Times
Sales of gold coin rise 75 percent
With investors clamoring to buy gold, the U.S. Mint has had to suspend sales of the American Eagle, the world’s most popular gold coin, while it rebuilds inventories. The mint has sold 1.19 million of the 1 ounce coins so far this year, up 75 percent from last year.
New York Post
"The godfather of spam” receives sentence
The man who calls himself “the godfather of spam” has been sentenced to more than four years in prison for his role in a stock scam. Alan Ralsky, 64, has admitted sending more than 70 million e-mail messages a day under fake names between 1997 and 2003.
CNNmoney.com
Few buyers for FDIC bank seizures
The Federal Deposit Insurance Corp. is having trouble finding buyers for many of the 124 banks it has seized this year. The banks are in such poor shape, say potential purchasers, that they’re not worth acquiring even if the feds agree to cover loan losses.
The Wall Street Journal
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Why is the UK pushing Germany on fighter jets for Saudi Arabia?Today's big question Berlin has opposed the sale of weapons to Riyadh on humanitarian grounds
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Laurence Fox suspended by GB News after 'unacceptable' Ava Evans comments
Broadcaster issues apology after actor goes on a tirade during a live interview with Dan Wootton
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The daily business briefing: September 27, 2023
Business Briefing The FTC accuses Amazon of running an illegal online monopoly, Biden visits auto workers on picket line, and more
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The bottom line
feature Working families continue to struggle; The least-trusted industries; The bestselling vehicle; Mobil device use triples; Global unemployment among the young
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The bottom line
feature The cost of e-filing; Dipping into nest eggs early; What Americans are drinking; Planning for death; How tax refunds are spent
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The bottom line
feature Building bigger houses; And tuition at OSU is?; Christmas at McDonald's; Self-gifting at Christmas; Lloyd’s prepares for Hurricane Sandy claims; Google's billions
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The bottom line
feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
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The bottom line
feature Airlines cut domestic flights; Income up in small cities and rural areas; Bond and Lincoln lift box office earnings; Don't be fooled by Black Friday; The high toll of identity theft
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The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
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The bottom line
feature Can the U.S. keep up?; Airlines spend billions on runway taxiing; Americans exaggerate their working hours; The Dow Jones's 67.9 percent gain; Success and summer babies
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The bottom line
feature Consumer confidence jumps; Wall Street cuts jobs, raises pay; Goldman Sachs's muppet hunt; Desktop web searches decline; Pizza Hut scraps debate freebie