The Federal Reserve’s “Beige Book,” which describes economic conditions throughout the central bank’s 12 districts, summarizes the overall outlook as “modest to moderate.”
The startup of the new Cushing market link pipeline to the Gulf Coast, as well as strong Midwest refining runs helped reduce oversized oil inventories at the Cushing, Okla., storage hub to the lowest level in two years.
The media has had a lot to say about the bad weather earlier this year and tough economic data. My fear is the worrisome news could lead you to conclude that the business cycle is weakening underneath you and that it is time to hoard cash and say “no” to new initiatives.
Between Social Security, Medicare and corporate or individual taxes, most business owners I know pay anywhere from 20% to 30% of their net income to the federal government.
According to the Metals Service Center Institute, year-over-year growth picked up slightly in the United States for both steel and aluminum in February.
April 11, 2014
According to the Metals Service Center Institute, year-over-year growth picked up slightly in the United States for both steel and aluminum in February.
MRC Global recently announced fourth-quarter and full-year 2013 results. The
April 11, 2014
MRC Global recently announced fourth-quarter and full-year 2013 results. The company’s sales increased 3% from $1.31 billion in the fourth quarter of 2012 to $1.34 billion in the same quarter of 2013.
Although hydraulic fracturing (fracking) has engendered the possibility of shale-produced oil and natural gas, vaulting the United States into the world’s No. 1 spot in fossil-fuel production (oil, coal, natural gas), prestigious financial weekly Barron’s now estimates up to $1 trillion in capital-goods spending will be generated to make this happen by 2025.