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Contractor News

Jobless claims fall to lowest level since mid-May Jobless claims stay low in latest week Consumer credit growth soars in December U.S. productivity slows down in fourth quarter while unit labor costs accelerate Beyond to buy rights to Buy Buy Baby brand and reunite it with Bed Bath & Beyond Trump asks Supreme Court to pause TikTok ban Amazon says it had best-ever Thanksgiving Holiday week with record sales and number of items sold U.S. stock futures and bond yields drop on reports Putin has updated nuclear doctrine Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal General Motors unveils new all-electric Cadillac called the Vistiq with 300-mile range Vestas Wind Systems stock slumps as company says margins to be at low end of guidance Burberry shares rise on report Moncler could bid for it Kazatomprom reports 17% increase in production during the third quarter Anheuser-Busch InBev shares slip as sales come up shy of estimates Wingstop’s stock slides 12% after profit falls short of estimates Novartis hikes sales and profit guidance for the year Plus500 says it will meet expectations after quarterly revenue climbs 11%Trainline boosts guidance for the second time this year Barclays reports 18% profit rise as it lifts income guidance London Stock Exchange Group says income grew, led by Tradeweb Nobel economics prize awarded to three who studied wealth of nations Nobel Peace Prize awarded to Japanese atomic bomb survivors DirecTV to acquire EchoStar’s video distribution business including Dish TV and Sling TV Moody’s places all of Boeing’s ratings on review for a downgrade Microsoft to lay off 650 people from videogame business: WSJ ArcBest misses profit expectations, as soft rate environment weighed on revenue Alibaba stock climbs on report of vendor service fee increase European stocks open lower after weak Wall Street finish, computer outages Wholesale inventories in U.S. rise 0.1% in April Hibbett shares fall as Q1 sales miss analysts’ estimate

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Date/Time	Title	Description
December 25, 2020	Trump Admin Grants Florida Permitting Authority over Wetlands	It was an early Christmas present for Florida contractors when the Trump administration’s Environmental Protection Agency (EPA) decided last week to grant the state of Florida permitting authorit ...Read more
December 16, 2020	Chicago City Council extends M/WBE set-aside program	Chicago’s City Council has extended its set-aside program for minority- and women-owned businesses (M/WBEs) through 2021. The purpose of extending the set-aside program for minority a ...Read more
December 9, 2020	US Cuts Tariffs on Exceptionally Expensive Canadian Lumber in Half	The U.S. Commerce Department seems to have followed the age-old adage “measure twice, cut once” in its decision earlier this month to reduce tariffs on Canadian lumber from 20 percent to 9 perc ...Read more
September 30, 2020	Market Changes Bring Down Pay for Contractors, But Raise Costs of Doing Business	Construction costs are down for the first time in a decade due to the coronavirus pandemic. It’s cheaper now for companies and individuals to hire home remodelers, paving contractors, and many ot ...Read more
September 10, 2020	Oil Workers Strike it Rich - Report	The North America’s Building Trade Unions (NABTU) released two reports in July showing a high degree of satisfaction among oil and natural gas construction workers. Tradespeople working ...Read more

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