WASHINGTON (AP) — From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern as everyone awaits the Labor Department's crucial monthly jobs report. But with the government shut down, no information was released Friday about hiring in September. It's the first time since a government shutdown in 2013 that the jobs report has been delayed. During the 2018-2019 parti ...

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Core Insights - Gibraltar Industries, Inc. (NASDAQ:ROCK) is shifting its strategic focus from renewables to building materials, which currently constitute 70% of its inventory [1][2] - The company aims to expand its presence in the $6 billion metal roofing sector by selling directly to contractors [2] - The sale of its renewables division is progressing, with the number of potential buyers reduced from 19 in 2019 to 6, with plans to sell five of them [3] Company Focus - The company is now prioritizing building products over its renewables division, indicating a significant strategic pivot [1][2] - Building materials are expected to drive growth, particularly in the metal roofing market [2] Renewables Division - The renewables division is in the process of being sold, with a narrowed focus on fewer potential buyers [3] - The company has streamlined its sale process, aiming to divest five out of six remaining companies in the renewables sector [3]

Prime Minister Mark Carney created a new Defense Investment Agency to build domestic manufacturing and accelerate the rearming of the Canadian military, aiming to boost sectors such as steel that have been damaged by US tariffs https://t.co/TONre7GwAc ...

Core Insights - An elevated level of bankruptcies continues to affect corporate America, with 117 large companies filing for Chapter 7 or Chapter 11 over the 12 months ending June 30, marking an 81% increase from the annual average of 44 from 2005 to 2024 [1][2] Bankruptcy Trends - "Mega-bankruptcies," defined as those by companies with over $1 billion in assets, rose to 32 during the studied period, up from 24 in the previous year and above the 20-year annual average of 23 [2] - The first half of 2023 saw 17 mega-bankruptcies, the highest in any half-year period since the COVID outbreak in 2020 [3] Drivers of Bankruptcies - Major factors cited by large filers include reduced demand or increased costs due to inflation, changes in consumer preferences, high operational and financing costs from elevated interest rates, and challenges in the regulatory and legal landscape [4] - Approximately half of mega-bankruptcy filers reported lasting negative impacts from the COVID pandemic, a decrease from 79% in the previous year [5] Industry Breakdown - The manufacturing sector accounted for the highest share of bankruptcy filings at 30%, followed by services (24%), finance/insurance/real estate (13%), transportation/communications/utilities (10%), and retail trade (10%) [5] Cryptocurrency Sector - The cryptocurrency sector has not experienced any bankruptcies since the first half of 2023, contrasting with the overall trend [6] Market Signals - U.S. financial markets have shown a complex landscape since early 2024, with equities experiencing strong but volatile gains amid economic uncertainties [6][7] - While the S&P 500 has rallied due to optimism around the Federal Reserve's easing monetary policy, credit markets have shown growing concerns, evidenced by widening high-yield credit spreads and increasing delinquency rates in the commercial real estate market [7] Liability Management Transactions - Liability management transactions (LMTs) are on the rise, with 46 completed in 2024, setting a new annual record, and an additional 27 transactions in the first half of 2025 [7]

Core Insights - NN, Inc. has promoted Gregg Cottage to Chief Information Officer and Chief Information Security Officer, enhancing its focus on information technology and cybersecurity strategies [1][2] - Mr. Cottage has over 30 years of IT experience and has been with NN since 2014, previously holding roles such as Global IT Infrastructure Manager and Global Director of Information Technology [2] - The company emphasizes the importance of aligning enterprise IT with business goals and leveraging data-driven intelligence to drive innovation and customer solutions [2] Company Overview - NN, Inc. is a global diversified industrial company that designs and manufactures high-precision components and assemblies, with a presence in North America, Europe, South America, and Asia [3] - The company combines advanced engineering and production capabilities with materials science expertise to serve various markets globally [3]

Core Insights - Park-Ohio Holdings Corp. has appointed Andrew C. Clarke, former CFO of C.H. Robinson Worldwide, to its Board of Directors effective September 30, 2025, as an independent director [1][2] - Clarke's extensive logistics and financial experience, along with his public and private board experience, is expected to enhance shareholder value for ParkOhio [2] Company Overview - Park-Ohio Holdings Corp. is a diversified international company that provides supply chain management outsourcing services, capital equipment for production lines, and manufactured components for product assembly [3] - The company is headquartered in Cleveland, Ohio, and operates approximately 130 manufacturing sites and supply chain logistics facilities globally, categorized into three reportable segments: Supply Technologies, Assembly Components, and Engineered Products [3] Recent Developments - ParkOhio announced its participation in the Sidoti & Company Small-Cap Virtual Conference scheduled for September 17-18, 2025, where company executives will present and engage with investors [6] - The company reported positive momentum entering the second half of 2025, with two consecutive quarters of margin expansion and earnings growth, despite facing modest revenue headwinds [7]

Group 1 - The ADP report indicates a loss of 32,000 jobs, marking the worst performance in a significant period [1] - Goods producing jobs decreased by 3,000, with construction jobs down by 5,000 and manufacturing jobs down by 2,000 [1] - The service industry saw a loss of 28,000 jobs, with notable declines in leisure and hospitality (19,000) and professional and business services (13,000) [2] Group 2 - The only positive sector was education and health services, which added 33,000 jobs for the month [2] - Annual pay for job stayers increased by 4.5%, while those changing jobs received a raise of 6.5% [2] - The previous month's job loss was revised down from 54,000 to a negative 3,000, suggesting a potential shift in forecasts for upcoming non-farm payrolls [3]

Employment Contraction - ADP reports a significant contraction of 32,000 jobs, marking the worst performance in recent times [1] - Goods producing jobs declined by 3,000, with construction sector down by 5,000 and manufacturing down by 2,000 [1] - Service industry jobs decreased by 28,000 [1] - Leisure and hospitality sector experienced a loss of 19,000 jobs, while professional and business services declined by 13,000 [2] - Education and health services showed a positive trend, adding 33,000 jobs [2] Wage Trends - Annual pay for job stayers increased by 45%, while those changing jobs received a 65% raise [2] Data Revision and Forecasts - Last month's figures were revised down to a negative 3,000 job trade, contrasting with the initial 54,000 [3] - The industry anticipates potential revisions to non-farm payroll forecasts for Friday due to the unfavorable ADP data [3]

Core Insights - The ISM manufacturing report indicates a mixed economic outlook, with the manufacturing PMI at 49.1%, slightly better than expectations but still in contraction territory [2][5] - The prices component remains elevated at 61.9%, indicating rising prices but showing signs of deceleration compared to previous months [3][4] - New orders fell to 48.9%, missing expectations and indicating contraction, which is a concerning sign for future manufacturing activity [4][9] Manufacturing Sector Analysis - The manufacturing sector constitutes about 30-35% of the total economy, and the ISM services index carries more weight in overall economic assessments [5] - The S&P manufacturing PMI came in at 52, matching expectations but lower than the previous month, suggesting a stable but cautious outlook [8] - Overall, the manufacturing data presents a murky picture, with no signs of a significant downturn or rapid price increases, but the decline in new orders raises concerns [9][10] Labor Market Insights - The ADP report showed a surprising decline of 32,000 jobs, significantly below the expected increase of over 50,000, indicating potential weaknesses in the labor market [11][19] - The Midwest region experienced a notable job loss of 63,000, which may be an outlier but highlights regional disparities in employment trends [16] - There are concerns regarding the reliability of the ADP data due to missing information from the federal government, which could affect the accuracy of labor market assessments moving forward [18]