Weekly commodity wrap-up
China breaks records for buying U.S. commodities Early in the week, huge sales of corn and beans were announced to China. The largest grain sale…
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Report: Mexican economy shrinks 8.5% in 2020
MEXICO CITY — Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction. Mexico’s…
US contract signings to buy homes hits record for December
SILVER SPRING, Md. — The number of Americans who signed contracts to buy homes declined slightly for the fourth straight month, but it was a…
Pandemic ends 30-year growth streak for Polish economy
WARSAW, Poland — Poland’s economy shrank 2.8% during 2020 due to the pandemic, ending three decades of constant growth, according to preliminary figures released by…
US employment costs rise modestly in fourth quarter
SILVER SPRING, Md. — Wages and benefits for U.S. workers rose in the last quarter of the year even with employers trying to hold the…
US consumer spending fell 0.2% in December in face of virus
WASHINGTON — U.S. consumers slowed their spending by 0.2% in December, cutting back for a second straight month in a worrisome sign for an economy…
Indian economy shrinks 7.7% in fiscal 2020-21 amid pandemic
NEW DELHI — India’s economy contracted by 7.7% in the 2020-21 financial year, battered by the coronavirus pandemic, according to a report released today. The…
Caterpillar 4th quarter sales slip, but results top Wall Street
Caterpillar’s fourth-quarter sales dropped 15% as an unchecked pandemic continued to sap demand for big machinery, but the damage was not as bad as most…
Dubuque County’s, neighbors’ unemployment rates dip well below national average
Dubuque County closed 2020 with a higher unemployment rate than the previous year. However, Dubuque County and its neighbors in Iowa still boasted jobless rates…
GM sets goal of going carbon neutral by 2040
General Motors, the Detroit automaker making an aggressive push into electric vehicles, established a goal today of becoming carbon neutral in both its global products…