The U.S. Securities and Exchange Commission issued an order staying the effective date of the portion of its conflict minerals reporting requirement that a U.S. appeals court said would violate companies’ free-speech rights.
In recent days, some stalwart allies of the Republican Party -- Wall Street bankers along with several business lobbying groups -- have warned against the government shutdown. Rather than endorse House Republicans’ campaign to destroy the Affordable Care Act, business and financial leaders have politely suggested that the more radical elements Republicans are getting a bit carried away.
Overall manufacturing activity has weakened in the U.S., according to the National Association of Manufacturers Business Outlook Survey. The results reflect the percentage of respondents who characterize the current business outlook as somewhat or very positive.