News
Below are interesting stories concerning our industries, manufacturing, and our region.
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Watch the Virtual Tour of the New Haas Automation Headquarters in Henderson, Nevada
Take a virtual fly-through of the new 2.4 million sq ft Haas Automation headquarters currently under construction in Henderson, Nevada. This 3D-rendered tour showcases the impressive scale and layout of the facility, including the lobby, demo room, event center, and full production areas like the ma...
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How Toyota and Other Lean Cultures Are Leading With AI
From IndustryWeek Aug. 7, 2025 Jacob Stoller On June 27, Ford’s CEO Jim Farley became the latest in a succession of prominent executives warning of large-scale job cuts consequent to AI deployment. “Artificial intelligence is going to replace literally half of all white-collar workers in the ...
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Government incentives drove a manufacturing reshoring boom. How tariffs are both fueling – and cooling – the trend.
Posted by btaylor.media@gmail.com on 06/16/2025 5:24 pm Reshoring Initiative (RI) has tracked the announced plans of US companies to reshore manufacturing work since the early 2010’s. In its new 2024 summary and forecast for 2025, tariffs weigh heavily on company decisions. If you’re ro...
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Reshoring, Foreign Direct Investment Job Announcements Hit 244,000 in 2024: Report
Industry Week, June 10, 2025 The South and Midwest accounted for 81% of reshoring and FDI jobs announced last year. Anna Smith The U.S. continued to see a strong number of job announcements from reshoring and foreign direct investments (FDI) last year, according to the Reshoring Initiativ...
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Oil Ends Higher After Volatile Day
by Bloomberg A. Longley, D.K Kumar, C. Charleston | Monday, May 19, 2025 Oil ended the session slightly higher following a volatile day of trading as investors look for clues about Russia-Ukraine truce talks and a potential nuclear deal with Iran. Brent futures traded higher to settle near $65....
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$4B Plan for First US Smelter in 45 Years
May 19, 2025 In what would be a historic development, a Dubai-based conglomerate has a $4-billion plan to build and operate a primary aluminum plant in northeast Oklahoma. The first new aluminum smelting operation in the U.S. in 45 years would produce 600,000 metric tons of primary aluminum annually...
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Oil Prices Rise on Eased Trade Tensions
by Bloomberg | Monday, May 12, 2025 Oil and most other commodities powered higher, while gold fell, after China and the US ratcheted down trade tensions that had threatened to slash demand for raw materials. West Texas Intermediate crude rose 1.5% to settle at $61.95 a barrel in New York, while co...
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Oil Gains 3% as Trade Hopes Rise
by Bloomberg Mia Gindis, Alex Longley | Thursday, May 8, 2025 Oil rose as President Donald Trump announced a trade framework with the UK, spurring some optimism about deals to come. West Texas Intermediate climbed 3.2% to approach $60 a barrel. Trump said the UK would fast-track US items throug...
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Oil Rebounds on Trump Sanction Threats
by Bloomberg Alex Longley, Joe Ryan | Thursday, May 1, 2025 US oil futures broke a three-day string of losses as equity markets strengthened and President Donald Trump threatened broader sanctions against buyers of Iranian crude. West Texas Intermediate settled 1.8% higher, at $59.24 a barrel a...
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Oil Gains as Supply Tightness Counters Trade Concerns
by Bloomberg Mia Gindis | Thursday, April 24, 2025 Oil rose as producers’ promises to keep output growth in check added to signs of the physical market’s strength and a potential easing in trade tensions between the US and China. West Texas Intermediate futures climbed 0.8% to settle near $...
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How Much Oil is the USA Producing Right Now?
by Andreas Exarheas | Rigzone Staff | Wednesday, April 23, 2025 | 7:09 AM EST LINK According to the U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released earlier this month, the U.S. will produce 13.45 million barrels of crude oil, includi...
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AI Effect Nvidia to mass produce AI supercomputers in Texas as part of $500 billion U.S. push
Published Mon, Apr 14 202510:37 AM EDTUpdated Mon, Apr 14 202512:28PM EDT By: Hayden Field @haydenfield From: https://www.cnbc.com/2025/04/14/nvidia-to-mass-produce-ai-supercomputers-in-texas.html Nvidia, the chipmaker that powers much of today’s artificial intelligence boom, on Monday announ...
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Trump scales back tariffs, except on China
By Ben Berkowitz https://www.axios.com/2025/04/09/trump-tariffs-pause-china-stocks-recession President Trump paused the sweeping reciprocal tariffs the U.S. imposed this week, saying dozens of countries had reached out to negotiate new trade deals. Why it matters: It’s the relief global mar...
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Hyundai Announces $5.8 Billion Louisiana Steel Mill for Auto Supply
Industry Week | March 25, 2025 | Ryan Secard, Robert Brooks Hyundai Steel Company announced March 24 that it would build a new $5.8 billion electric arc furnace steel mill in Louisiana to supply steel for Hyundai Motor Group. The latest announcement follows a previous Hyundai announcement it would ...
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Domestic Manufacturing, Onshoring in the Age of Tariffs and Trade Wars
From Industry Week | March 24, 2025 | Anna Smith Whether companies import goods or manufacture products across national borders, President Donald Trump’s tariff strategy poses a major threat, raising the specter of increased costs. But there’s another group of producers — companies that alread...
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Oil Rises as China Plans Stimulus, USA Ramps Up Pressure on Iran
by Bloomberg Alex Longley, Mia Gindis | Monday, March 17, 2025 Oil rose for a second session on optimistic economic signals from the two biggest consumers of crude, while US attacks on Yemen’s Iran-backed Houthis revived concerns about a wider confrontation in the Middle East. West Texas In...
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Trump says no exemptions on steel, aluminum tariffs; more are coming: Updates
By Christopher Cann and Jorge L. Ortiz USA TODAY Published March 17, 2025 | Updated March 18, 2025 WASHINGTON – President Donald Trump says he does not intend to create exemptions on sweeping steel and aluminum tariffs and reaffirmed that additional duties will go into effect early next month....
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WTI Jumps Above $70 on Canada & Mexico Tariff Plan
by Bloomberg Mia Gindis and Grant Smith | Thursday, February 27, 2025 Oil rose the most in six weeks as President Donald Trump affirmed plans to impose tariffs on the top two suppliers of crude to the US. West Texas Intermediate futures climbed about 2.5% to settle above $70 a barrel after Trum...
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Crude Futures Drop as Trade Uncertainty Grows
by Bloomberg Mia Gindis | Wednesday, February 26, 2025 Oil slipped to a new low for the year as US President Donald Trump blitzed markets with a slew of conflicting announcements on trade. West Texas Intermediate retreated to settle further below $69 a barrel at the lowest closing price this ye...
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Oil Edges Up Amid Uncertainty
by Bloomberg Julia Fanzeres | Monday, February 24, 2025 Oil edged higher in a largely aimless session amid a slew of geopolitical uncertainties, including Russia-Ukraine peace talks and a possible increase in Iraqi crude production. West Texas Intermediate rose to $70.70 after changing directio...