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As reported by the Federal Reserve, total industrial production rose at an annual rate of 1.8% for the 3Q as a whole and manufacturing output increased 2.5%. A strong gain for motor vehicles and parts contributed substantially to the quarterly increases. The largest gain was in the index for consumer goods that rose 5.2% in 3Q.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.