HVAC Contractors Brace for TariffsTo protect their margins, HVAC contractors should pay close attention to the percentage of equipment and parts they install that is imported amid the Trump administration’s tariff-based trade policies, according to ACHR News.
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Higher Orders, Inventories Producer prices for aircraft engine and engine parts manufacturers rose 5% in September 2024 compared to a year ago, according to the Bureau of Labor Statistics (BLS). Employment for the industry grew 4% in
In December, advertising firm Omnicom announced it would acquire rival Interpublic Group in an all-stock deal that will create the world’s largest advertising company. The two firms had a combined 2023 revenue of $25.6 billion. Omnicom said
Record High PricesProducer prices for machinery and supply wholesalers climbed to a new high in September, rising 2% compared to a year ago, according to the latest US Bureau of Labor Statistics data. Sales for machinery and
Fearing Budget Cuts, Government Lawyers Jump to Private SectorSome legal recruiters report that President-elect Trump’s plans to trim the ranks of government workers are prompting some rank-and-file government lawyers to look for work in the private sector,
Housing Market May Not Rebound in 2025 The 2024 housing market is on track to be the slowest in nearly 30 years as high mortgage rates and home prices combined with extremely low housing inventories have kept
Investment Banking Revenue IncreasesCitigroup, Bank of America, and Goldman Sachs reported that their third quarter investment banking businesses’ revenue increased 44%, 18%, and 20% year over year, respectively. JPMorgan Chase and Wells Fargo reported increases of 30%
Housing Market May Not Rebound in 2025The 2024 housing market is on track to be the slowest in nearly 30 years as high mortgage rates and home prices combined with extremely low housing inventories have kept homeowners
Rising Producer PricesProducer prices for oil and gas drilling services rose 3.3% in July compared to a year ago after rising 5.1% in the previous July-versus-July annual comparison, according to the latest US Bureau of Labor Statistics
Rising Wholesale Prices US wholesale prices rose by a larger-than-expected 2.6% in June from a year earlier, a sign that some inflation pressures remain elevated, according to the Labor Department. The June rise in wholesale prices was
