Core retail sales — which excludes autos, fuel and restaurants — increased 0.26% month-to-month in August, and 6.67% compared to August 2023.

Ford blamed a lower-than-expected demand for EVs in Europe on a lack of government incentives to buy the vehicles, and limited investments in sufficient charging infrastructure.

Almost half the respondents polled said their costs have climbed by 20% or more, with about the same number saying they’ve reduced shipment volumes because of higher expenses.

According to an analysis from the Center for American Progress think tank, the U.S. shed 12,000 manufacturing jobs in August alone.

South Korea's president called the situation "extremely bewildering," and noted that it's common for South Korean companies to send their workers to other countries to help set up factories overseas.

Merck says that it will also clear out its laboratories in the London Bioscience Innovation Centre and the Francis Crick Institute by the end of 2025. 

The new contract agreed to by the union on September 10 would raise wages by 45%, although additional terms have yet to be released.

As climate change has intensified the risks posed by hurricanes in the Southeast, hospitals and their suppliers will have to prepare for a future of disruptions to their supply chains.

LG Energy Solution has tentatively decided to postpone the start of its EV battery plant with Hyundai in Georgia, according to a report from the Korea Economic Daily.

VW is reportedly close to an agreement with the U.S. that would bring tariffs for the company under 15%, in exchange for sizable manufacturing investments in the country.