Economic Indicators - Initial Jobless Claims fell to 205K from an estimated 215K, marking the lowest level since early January, indicating a robust labor market [2] - Continuing Claims remained below 1.9 million for the 10th consecutive week, coming in at 1.857 million, down from a revised 1.860 million the previous week [3] - The Philly Fed manufacturing survey reached 18.1, the highest since September of the previous year, reflecting three consecutive months of positive growth [4] Company Earnings Reports - Alibaba (BABA) reported a 47% decline in earnings to $1.01 per share, with shares down 7% in pre-market trading, compounding year-to-date losses to approximately 15% [5] - Darden Restaurants (DRI) met earnings expectations with $2.95 per share and revenues of $3.35 billion, but shares fell 4% due to rising gas prices affecting outlook [6] - Duluth Holdings (DLTH) experienced a 21% surge in pre-market trading after reporting earnings of $0.23 per share, exceeding expectations by 155.6%, with revenues of $215.9 million also outperforming [7] - FedEx (FDX) is expected to report fiscal Q3 earnings with anticipated year-over-year earnings growth of -8.2% and revenue growth of +6.45%, with shares up 20% year to date [8]

Around the world, politicians are fixated on factories. But this obsession with factories is built on myths—and will be self-defeating https://t.co/38pA6OHLGr ...

Industrial software startup Nominal raised an $80 million Series B extension led by Founders Fund. That brings the company's valuation to $1 billion, at a time when the US is increasingly focused on modernizing its manufacturing capabilities through software. Cameron McCord, CEO of Nominal, and Founders Fund General Partner Trae Stephens join Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1ed ...

China’s leaders plan an historic shift toward consumption, but not at the expense of manufacturing https://t.co/awyasqhieN ...

China’s factory activity contracted for a second month, as the longest-ever Lunar New Year holiday brought a lull in manufacturing and construction https://t.co/HzCXMS1uaN ...

Westin: This is "Wall Street Week." I'm David Westin, bringing you stories of capitalism. Americans take 3.8% billion rides on public buses every year. Could we pay less and get more.Plus, the Winter Olympics have the rich and famous traveling to Milan. But it turns out that many of them are already there, drawn by the tax rates and la dolce vita. And AI isn't a matter of people vs. machine.It's really people vs. people. We hear from David Autor of Harvard and Erik Brynjolfsson of Stanford. But we begin wit ...

Around the world, politicians are fixated on factories. But this obsession with factories is built on myths—and will be self-defeating https://t.co/kRoPsMRbwi ...

Around the world, politicians are fixated on factories. But this obsession with factories is built on myths—and will be self-defeating https://t.co/nlsezpozeV ...

Employment at US factories increased for the first time since late 2024, a nascent sign that American manufacturing may be starting to emerge from years of malaise https://t.co/9MM4kIicmZ ...

“We’re on the verge of a design revolution — where you can pull an idea straight from your mind, shape it with your hands in 3D space, and print it into existence. That’s the future of manufacturing.” – Elon Muskhttps://t.co/AfRiTbISY5 ...