Norfolk News

March 2021 Insight Guide: Market Indicators
U.S Economic News The U.S. economy got off to a modest start over the first weeks of this year. According to the Federal Reserve, businesses are optimistic about the next 6-12 months and the demand for housing is robust. However, the labor market is not gaining as much traction as had been hoped. U.S. employers […]
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February 2021 Insight Guide: Market Indicators
Economic News The U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank by the largest amount in 74 years as the global pandemic held strong. In late January, the government estimated that the nation’s gross domestic product slowed sharply in the fourth quarter of 2020 after a […]
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January 2021 Insight Guide: Market Indicators
The Economy Chances of another stimulus package increased as Democrats sweep the week’s senate runoff in Georgia. An additional stimulus would accelerate the nation’s return to pre-pandemic gross domestic product and unemployment levels. For the first time in eight months, the U.S. economy saw job loss in December as the pandemic surges. The Labor Department […]
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Norfolk Iron & Metal Closes Acquisition of Cd’A Metals
Norfolk Iron & Metal, Co. (“NIM”), a full-line steel service center, and The Coeur d’Alenes Company (Cd’A Metals), a full-line metal service center in the Inland Northwest, jointly announced today that NIM completed the acquisition of Cd’A Metals on December 31, 2020. The acquisition complements NIM’s market coverage, adding three new locations in the Northwest, […]
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Norfolk Iron & Metal to Acquire Cd’A Metals
NORFOLK, NE and SPOKANE, WA, December 15, 2020 — Norfolk Iron & Metal, Co. (“NIM”), a full-line steel service center, and The Coeur d’Alenes Company (Cd’A Metals), a full-line metal service center in the Inland Northwest, jointly announced that they have entered into a definitive agreement in which NIM will acquire Cd’A Metals. The transaction […]
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December 2020 Insight Guide: Market Indicators
The Economy The U.S. economy is seen as more resilient than many people think. According to Rick Rieder, BlackRock’s CIO of global fixed income, there is potential for gains in parts of tech, consumer, cyclical areas such as industrials, as well as housing and some leisure sectors, with the expectation of a vaccine expected to […]
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