Author: Vitaliy Dadalyan

Dow plunges after Trump says tariffs are coming next week

The Dow Jones industrial average plunged to session lows Thursday afternoon following an announcement by President Donald Trump that he would place new taxes on imported steel and aluminum. The Dow is now down 356 points, or 1.42%. "Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy with countries from around the world,” Trump tweeted Thursday morning.


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Isuzu Adds Crew Cab NRR to Cabover Lineup

Image of Isuzu NRR Crew Cab Steak Bed truck courtesy of Isuzu Commercial Truck of America, Inc.

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Isuzu Commercial Truck of America, Inc. will offer a crew cab version of its class 5 NRR cabover that will carry up to seven passengers. The NRR Crew Cab will carry a 19,500-pound GVWR, Isuzu announced.

“Last year, we unveiled our Class 6 FTR truck, which is already making major inroads in the marketplace,” said Shaun Skinner, president of Isuzu Commercial Truck of America and Isuzu Commercial Truck of Canada. “Now, we're expanding the lineup even further with the introduction of a Crew Cab model in our Class 5 NRR series. This is further proof that Isuzu is committed to providing the right truck for every one of our customers' needs.”

Isuzu also announced additional details about its 2018 and 2019 model trucks. Highlights include:

  • The only low-cab-forward lineup that includes two EPA-certified diesel engines and a gasoline engine alternative.
  • Isuzu's class-leading 5.2L Isuzu 4HK1-TC diesel engines provide B10 service life durability of 375,000 miles.
  • Support features that help reduce operating costs, improve performance, manage risk and help protect owners' truck investment.
  • Cab/chassis combinations offer standard three-seat cabs or Crew Cabs with seating for a seven-person crew.
  • Upfit applications accommodate vocational bodies up to 30 feet with the standard cab and 16 feet with Crew Cab models.
  • GVWRs from 12,000 pounds to 25,950 pounds.
  • N-Series Gas models feature a Vortec gasoline engine that is CNG/LPG alternative-fuel capable

Production plans and key features for each of the available models:

2018 Isuzu NPR Gas

  • Production began in January 2018.
  • GVWR: 12,000 lbs. (class 3)
  • Wheelbases: 109-176 inches with body lengths up to 20 feet.
  • Powertrain: VortecTM 6.0-liter V8 gasoline engine generating 297 hp @ 4,300 rpm and 372 lb.-ft. of torque at 4,000 rpm mated to 6L90 Hydra-Matic 6-speed automatic with double overdrive.
  • Available with a CNG/LPG alternative-fuel-capable option.
  • Crew cab option for ...Read the rest of this story

Economic Watch: Manufacturing, Spending, Income Jump; Construction Flat but Strong

Manufacturing in the U.S. continued its hot streak in February, but there are questions following other data released earlier about the sector. Personal incomes and expenditures were up, and construction spending remained robust despite little change from the month before.

Economic activity in the manufacturing sector, as measured by the Institute for Supply Management's Purchasing Managers Index (PMI), registered 60.8%. That's an increase of 1.7 percentage points from the January reading, which marked the 18th month of growth.

A reading above 50% indicates expansion. February's report is the highest reading since May 2004 and beat analysts' expectations.

The New Orders Index registered 64.2%, a decrease of 1.2 percentage points from the January reading of 65.4%. The Production Index registered 62%, a 2.5 percentage point decrease compared to the January reading of 64.5%.

Comments from the panel reflect expanding business conditions, according to the report. New orders and production maintained high levels of expansion; employment expanded at a faster rate to support production, order backlogs expanded at a faster rate, and export orders and imports continued to grow faster in February.

Of the 18 manufacturing industries surveyed, 15 reported growth last month.

“Alongside strong domestic demand come encouraging signs of robust foreign demand,” said Fotios Raptis, senior economist at TD Economics. “New export orders surged to a cycle-high, and PMI manufacturing surveys reported this morning suggest that global demand for manufactured goods remains strong in many parts of the world. This bodes well for first quarter global trade volumes and economic activity more broadly.”

Markit Manufacturing Report Also Strong

A similar report from the financial information services provider IHS Markit was nearly as positive, showing one of the strongest improvements in the health of the U.S. manufacturing sector seen over the past three years, led by a sharp expansion in new orders.

Its U.S. Manufacturing Purchasing Managers' Index (PMI) registered ...Read the rest of this story

Why Bank of America Corp Stock Is Still a Solid Buy

Bank of America Corp (NYSE:BAC) is in the headline hot seat yet again. BAC stock received some unwanted, but quite common and unfortunate attention on Wednesday as the firing of two employees tied to the company's ongoing investigation of sexual misconduct at its prime brokerage unit deepened. Yet, as despicable as the allegations appear and although a day of reckoning could be on the horizon, for investing purposes, shares of BAC are a less risky proposition. Sure, some might argue Bank of America stock is historically expensive at current prices.


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