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Work for us: Hiring at American companies accelerated last month, rebounding from a weak February marked by severe weather in some regions. Private sector payrolls increased by 155,000 in March, according to ADP Research. The gains, which were higher than expected, were driven by professional and business services, financial activities and manufacturing. Read more from Bloomberg.
Deliveries down: Tesla reported 336,000 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s stock wrapped up its worst quarter since 2022. Shares slumped 4% following the news. Read more from CNBC.
Solid increase: New orders for U.S.-manufactured goods increased solidly in February, likely as businesses front-loaded orders ahead of tariffs. Factory orders rose 0.6% after an upwardly revised 1.8% rebound in January, the Commerce Department said on Wednesday. Economists polled by Reuters had forecast factory orders would climb 0.5% after a previously reported 1.7% advance in January. Read more from Reuters.
