Herman Miller reports Q4 sales rise seven percent
Herman Miller posts fourth quarter net sales of 610 million dollars up 7.1 percent from last year and new orders of 620.8 million, while full year net sales reach 2.3 billion, up 4.5 percent. The company expands with Maars Living Walls and HAY equity investments and plans to use Design Within Reach channels, online store, and four North American retail locations. Additionally, CEO Brian Walker notes strategic growth through brands and multi channel distribution amid ongoing trade-war cost considerations.
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Trade war between U.S. and China rattles global markets
Washington reports a 25 percent tariff on 34 billion dollars of Chinese goods and a matching Chinese response. Analysts warn escalation could slow investment and global growth while markets hope for renewed talks. Trump vows broader tariffs, sparking widespread trade tensions with allies and partners.
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U S adds 213000 jobs as unemployment ticks up
U S employers added 213000 jobs in June signaling robust hiring amid trade tensions with China. The unemployment rate rose from 3.8 to 4.0 percent as job seekers increased by 499000, while wages climbed 2.7 percent year over year and markets edged higher despite tariff tensions.
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Worry and relief at EPA after scandal plagued chief's exit
Former EPA leaders express relief at Scott Pruitt's departure and worry over lingering ethics trouble. Acting chief Andrew Wheeler aims to continue deregulatory policy while avoiding past excesses, as career scientists welcome the end of the ethics saga and staff linked to Pruitt fear job security.
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