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US factory job cuts near highest since 2009 amid demand and cost worries despite better-than-expected manufacturing growth.

Market News
23 Jun 2026
CNBC
View Source
Bearish
pluang ai news

Job cuts at US factories are near their highest levels since 2009, driven by concerns over global demand and rising costs, according to S&P Global. Despite a better-than-expected manufacturing index reading for June, the growth was mainly due to inventory rebuilding, while job cuts remained sharp. Manufacturers have cut jobs in three of the past four months to manage costs and demand uncertainty. Although manufacturing employment has risen slightly this year, the overall economic growth remains slow, with output levels suggesting the economy is struggling to grow faster than about 1% annually in the second quarter.

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Bob and Brad offer up to 30% off recovery gear for athletes and fans during World Cup 2026 Prime Day sale.

Bob and Brad offer up to 30% off recovery gear for athletes and fans during World Cup 2026 Prime Day sale.

Bob and Brad, a wellness brand founded by physical therapists, is offering up to 30% discounts on recovery products during Prime Day from June 23-26, 2026. The sale includes massage guns, eye massagers, hand massagers, infrared therapy belts, and mas...

Others
Neutral
1 hour ago
Bitget launches Stock+ enabling direct purchase of real US stocks with crypto assets.

Bitget launches Stock+ enabling direct purchase of real US stocks with crypto assets.

Bitget has introduced Stock+, a new feature allowing users to buy real US stocks directly using USDC and other digital assets. This innovation bridges crypto and traditional finance by enabling stock ownership through a single platform without interm...

Market News
Bullish
1 hour ago
Jimmy Oakes unveils Ferrari V8-powered 1978 Porsche 911 at Formula DRIFT event.

Jimmy Oakes unveils Ferrari V8-powered 1978 Porsche 911 at Formula DRIFT event.

Automotive creator Jimmy Oakes showcased his latest project, a 1978 Porsche 911 SC swapped with a 400hp Ferrari/Maserati V8 engine, dubbed "Porrari," at the Formula DRIFT Championships. The extensive build involved restoring the classic Porsche, fabr...

Others
Neutral
2 hours ago
Man Group discloses 2.6% stake in DCC plc ahead of potential takeover moves.

Man Group discloses 2.6% stake in DCC plc ahead of potential takeover moves.

Man Group PLC has disclosed an interest in 2.6% of DCC plc's ordinary shares, including direct ownership and derivatives, as per the Irish Takeover Panel rules. This disclosure signals a significant stake ahead of any potential takeover activity invo...

Market News
Neutral
2 hours ago
Cristiano Ronaldo tops Brazilian fans' dream travel companions, with Northeast Brazil as top destination.

Cristiano Ronaldo tops Brazilian fans' dream travel companions, with Northeast Brazil as top destination.

A KAYAK survey of 2,000 Brazilian travelers revealed Cristiano Ronaldo as the most desired football companion for trips, chosen by 60% of respondents. Vinícius Júnior and Endrick followed with 19% and 9%, respectively. The Northeast region of Brazil,...

Market News
Bullish
3 hours ago
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