Industrial Archives - Zxcoachoutlet

Marijuana grower buys 5-acre industrial site in Bay City’s South End, plans to create 100 jobs

October 7, 2020

BAY CITY, MI – Bay City’s South End is one step closer to becoming the new home of a state-of-the-art marijuana growing facility that promises to bring about 100 jobs to the area.

On Monday, Oct. 5, the Bay City Commission approved an Industrial Facilities Tax Exemption Certificate application for Shango Park Bay City Inc. to allow the company to rehabilitate a vacant 24,800-square-foot building located at 1601 Garfield. The approved IFT is for the total amount of $7 million for 12 years.

Shango’s proposed plan involves turning the empty building and its 5-acre property into a mixed-use facility for marijuana cultivation, processing and storage, with the possibility for corporate offices. The existing structure will primarily be used for cultivation and offices while additions are planned to include a bakery and extraction lab.

Construction is slated to start in Fall of 2020, with the first phase of construction estimated to

Dip in German industrial output casts doubt on strength of recovery

October 7, 2020

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BERLIN (Reuters) – German industrial output edged down in August following three months of relatively strong increases, suggesting the recovery in Europe’s largest economy from the coronavirus shock is starting to lose steam.

Industrial output fell by 0.2% on the month after an upwardly revised rise of 1.4% in July and a jump of 9.3% in June, figures released by the Federal Statistics Office on Wednesday showed. A Reuters poll had forecast an increase of 1.5% for August.

Factories churned out fewer capital goods and consumer goods, with the slump particularly deep in vehicle production.

“At least a part of the fall in car output was due to more companies implementing their summer shutdowns in August this year,” Andrew Kenningham from Capital Economics said.

This one-off effect coupled with rising orders and upbeat sentiment surveys could suggest that industrial output will rise again in coming months, albeit at a probably

Innovative Industrial Properties Is ‘Growing Like A Weed’ (NYSE:IIPR)

October 7, 2020

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Last December, fellow Dividend Kings founder Dividend Sensei wrote an article on Innovative Industrial Properties (IIPR). In it, he explained that it’s likely to be the fastest-growing real estate investment trust (REIT) of 2020.

Sure enough, IIPR has returned 100.4% so far in 2020:

(Source: FAST Graphs)

Think about it folks…

IIPR has returned more than 100% in the midst of a global pandemic, and we’re still buying! I know that sounds crazy, but the growth opportunities in legal cannabis – what its tenants operate in – is enormous.

In 2017 alone, U.S. sales were $8.6 billion, with $5.9 billion being of the medical variety. And ArcView Market Research estimates that, by 2022, it will be a $22 billion industry.

Many investors today focus on cannabis growers themselves. But that isn’t likely the best way to profit from this hyper-growth industry. The “weed” in question is a commodity product with

German Industrial Orders Rose at a ‘Remarkable Pace’ in August | Investing News

October 6, 2020

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BERLIN (Reuters) – Orders for German-made goods rose 4.5% in August, more than expected, boosting hopes for a robust third-quarter in Europe’s largest economy after the coronavirus shock.

The increases were driven by demand from the euro zone, the Federal Statistics Office said on Tuesday, suggesting companies are making good progress back to pre-crisis levels. A Reuters forecast had predicted a 2.6% gain on the previous month.

“The catch-up process for new industry orders is continuing at a remarkable pace,” the economy ministry said in a statement.

Order intake was now only 3.6% lower than in February, before lockdown measures were imposed to slow the spread of the coronavirus, the office said.

Economists applauded the strong data, but cautioned that rising infection rates across Europe were increasing the risk of setbacks.

“It is difficult to imagine how German manufacturing could escape another round of lockdown measures with important trading partners,”

Base Metals And Industrial Commodities – Third Quarter 2020 Review (NYSEARCA:DBB)

October 2, 2020

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In 2019, the six LME base metals were 1.74% higher from the closing level at the end of December 2018. In Q1 2020, the sector plunged 17.09%. In Q2, it came back and was 12.88% higher. In Q3, the rally continued, and the sector posted an 8.95% gain. Over the first nine months of this year, base metals were 1.68% higher. The best performing commodity in the base metals sector in Q3 was LME zinc, which rose 17.39%. LME nickel rose 12.35%. COMEX copper was 11.76% higher for the quarter, and the LME copper forwards appreciated by 9.41%. Aluminum moved 9.19% higher during the quarter, while the price of tin gained 4.27%. Lead was 1.11% higher. Meanwhile, the price of iron ore moved 25.93% higher in Q3. The Baltic Dry Index fell 7.58% after a massive gain in Q2.

Central banks around the world slashed interest rates. Monetary and fiscal

China’s blue-chip index rises after upbeat industrial profits; Hong Kong up

September 28, 2020

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SSEC -0.2%, CSI300 0.1%, HSI 0.7%

HK->Shanghai Connect daily quota used -1.5%, Shanghai->HK daily quota used 2.5%

FTSE China A50 +0.4%

SHANGHAI, Sept 28 (Reuters) – China’s blue-chip index started the week on a positive note after latest data pointed to a continued recovery in the world’s second-largest economy from the coronavirus crisis.

** The CSI300 index .CSI300 rose 0.1% to 4,573.45 at the end of the morning session, while the Shanghai Composite Index .SSEC lost 0.2% to 3,212.27.

** Profits at China’s industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities’ prices and equipment manufacturing, the statistics bureau said on Sunday.

** China’s recovery has been gaining momentum as pent-up demand, government stimulus and surprisingly resilient exports propel a rebound.

** Real estate firms led the gains, with the CSI300 real estate index .CSI000952 rising 1.7% by midday as worries

China’s Industrial Profits Grow for Fourth Straight Month | Investing News

September 27, 2020

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SHANGHAI (Reuters) – Profits at China’s industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities prices and equipment manufacturing, the statistics bureau said on Sunday.

China’s recovery has been gaining momentum as pent-up demand, government stimulus and surprisingly resilient exports propel a rebound.

Industrial firm profits grew 19.1% year-on-year in August to 612.81 billion yuan ($89.8 billion), the statistics bureau said.

That compares with a 19.6% increase in July and is the fourth straight month of profit growth.

However, industrial firms’ profits still face external pressures as rising tensions between Washington and Beijing cloud the global trade outlook.

Raw material manufacturing profits increased by 32.5% in August, up from 14.7% in July, according to Zhu Hong, an official at the statistics bureau. This was driven in part by a rebound in the prices of international commodities such as crude oil and

China’s industrial profits grow for fourth straight month

September 27, 2020

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FILE PHOTO: A worker welds a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS

China’s recovery has been gaining momentum as pent-up demand, government stimulus and surprisingly resilient exports propel a rebound.

Industrial firm profits grew 19.1% year-on-year in August to 612.81 billion yuan ($89.8 billion), the statistics bureau said.

That compares with a 19.6% increase in July and is the fourth straight month of profit growth.

However, industrial firms’ profits still face external pressures as rising tensions between Washington and Beijing cloud the global trade outlook.

Raw material manufacturing profits increased by 32.5% in August, up from 14.7% in July, according to

Chinese Industrial Companies’ Profit Grows for Fourth Month

September 27, 2020

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Inside Huawei Technology's Campus as Company Sues U.S. Over Equipment Ban in Escalating Legal Clash — Photographer: Qilai Shen/Bloomberg

Profits at Chinese industrial enterprises grew for a fourth consecutive month, as the country’s factories maintained momentum following the pandemic shutdown.

Industrial profits rose 19% in August, after July’s 19.6% increase, data from the National Bureau of Statistics showed Sunday. For the first eight months of the year, it was still down 4.4% from a year earlier.

The increase was due to factors including the continued recovery of production and demand as well as falling costs and fees for companies, the bureau said in a statement accompanying the data release. The bureau also pointed to a recovery in mining industry profitability and rapid growth in profits for equipment manufacturers.

The continued growth in profits was accompanied by a recovery in industrial output and slowing producer price deflation. However, that momentum could fade if the surprisingly strong export growth slows or domestic consumer demand doesn’t

DJIA | Dow Jones Industrial Average

May 8, 2020

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Dow futures rise about 140 points Thursday evening as stock-market bulls brace for final test of week from Friday jobs report

U.S. stock-index futures climbed higher Thursday evening in light trading as investors readied for another test of the bullish momentum that has produced gains in two of the past three sessions for the S&P 500 and the Dow, powered by rallies in energy and technology-related firms. However, the market will have to overcome Friday’s jobs report, which will underscore the depth of the impact of the COVID-19 pandemic on the American economy. Thus far, the market has blown past Thursday’s weekly jobless claims report, which showed that 3.2 million jobs were lost in April, bringing the total seeking jobless benefits in the U.S. over the past six weeks to 33 million, or approximately one out of every five eligible workers. Friday’s nonfarm-payrolls report is expected