A mailbox is seen in a snow-covered neighbourhood in Waco, Texas, in February. Severe and unusual winter storms shuttered businesses and knocked out power in Texas, the country's second most-populous state, in mid-February. – AFPPIXUS industrial production fell 2.2% in February, the Federal Reserve said on Tuesday, a worse-than-expected figured caused by winter storms that knocked factories offline in parts of the country.
Manufacturing output fell 3.1% in the month, mining lost 5.4%, the report said. But utilities output increased 7.4% compared to January.Severe and unusual winter storms shuttered businesses and knocked out power in Texas, the country's second most-populous state. The central bank noted that without that storm, manufacturing would have fallen only around 0.5% nationwide, while mining would have increased by the same amount.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US lawmakers furious over Microsoft receiving US$150 mil Covid aidThey say the government should not be 'rewarding a company that sold it insecure software'. FMTNews US
Source: fmtoday - 🏆 5. / 72 Read more »
Putin likely directed 2020 US election meddling, US report finds | Malay MailWASHINGTON, March 17 ― Russian President Vladimir Putin likely directed efforts to try to swing the 2020 US presidential election to Donald Trump, according to an American intelligence report released yesterday that sources said would likely trigger US sanctions on Moscow. The 15-page report,...
Source: malaymail - 🏆 1. / 86 Read more »
Russia calls US allegations over Putin-directed US election meddling 'baseless' | Malay MailMOSCOW, March 17 ― Russia today described US intelligence allegations that President Vladimir Putin had likely directed efforts to try to swing the 2020 US presidential election to Donald Trump as baseless. A 15-page American intelligence report, released yesterday, added heft to longstanding...
Source: malaymail - 🏆 1. / 86 Read more »
Coinbase valuation pegged at US$68b ahead of landmark US listing | Malay MailNEW YORK, March 17 — Coinbase Global Inc, the largest US cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around US$68 billion (RM280 billion) this year ahead of a planned stock market listing. The eye-popping valuation underscores how the...
Source: malaymail - 🏆 1. / 86 Read more »
Coinbase valuation pegged at US$68 billion ahead of landmark US IPOBENGALURU/NEW YORK: Coinbase Global Inc, the largest US cryptocurrency exchange, said on Wednesday recent private market transactions had valued the c...
Source: theSundaily - 🏆 25. / 51 Read more »
Google to invest over US$7b in US, create 10,000 jobs | Malay MailWASHINGTON, Mar 18 — Google announced plans today to invest more than US$7 billion in the United States this year and create thousands of jobs in a move aimed at helping the economic recovery. Chief executive Sundar Pichai said the move will create “at least 10,000 new full-time Google jobs in...
Source: malaymail - 🏆 1. / 86 Read more »