Our steel production is basically the same as 2023 and right at the 5 year average. I don’t know enough about the industry to opine in depth (don’t think anyone else does either) but there’s nothing earth shattering in the numbers above.
It will be interesting to look over the next year to see how things look.
I’m definitely no expert in steel production, but
I can see Japan has been on a slide for 11 years. I fail to see the relevance of noting we
have passed them up for third place again.
Not really. They are cutting from less profitable operations. The Dow property in Orange is the most profitable and is untouched.
According to someone who knows, something has to be done since the labor pool for refineries is small and getting smaller. My guy says more explosions, unscheduled releases will occur due to low quality labor. This also goes tp machine shops that service refineries/plants.
Example: a plant in Crosby needed 10 workers. Only 20 applied and 15 refused the drug test,
Okay, it’s not all in Houston, but the jobs in the article sounded more like white collar vs blue collar jobs.
Dow is planning to cut approximately 4,500 jobs as the chemicals maker puts more emphasis on using artificial intelligence and automation in its business.
Nothing to really see here other than restructuring.
Based on announcements in January 2026, Dow Inc. is primarily cutting jobs to shift its focus toward artificial intelligence and automation as part of a “Transform to Outperform” restructuring plan.
Total Cuts: The company announced it is cutting approximately 4,500 jobs, which constitutes over 10% of its global workforce of around 34,600.
Targeted Areas: The restructuring aims to streamline operations using AI, suggesting a mix of roles, but typically, such initiatives heavily affect administrative, management, and operational support positions (white-collar) that can be optimized by technology.
Financial Impact: The company expects to incur $600 million to $800 million in severance costs.
These cuts follow previous reductions, including 1,500 roles in January 2025 and 800 more over the summer of 2025.
That’s what corporations always say when they cut jobs. It doesn’t change the fact that they just made several thousand people unemployed, no matter how they dress it up. 6800 jobs (20% of the workforce) cut over the last year is certainly more than “nothing to see.”
Cisco Systems ($CSCO) stock closed at $82 on February 3, 2026, approaching its March 2000 dot-com bubble peak of $83.11 for the first time in 26 years, as shown in the chart.
The surge aligns with robust Q2 FY2026 earnings reported that day, highlighting AI-fueled networking demand and cybersecurity growth, which propelled shares up 2.96% amid broader telecom sector momentum.
In context, the $IYZ telecom ETF simultaneously reached 24-year highs, driven by defensive rotation into high-dividend, low-volatility plays, echoing a poetic parallel to the fiber-optics bubble era when the ETF launched. (Grok)
SNIP — “A $5.99 package of Oreos and a $5.99 box of Ritz crackers could rise as much as $1 each by the end of the month, grocery executives said. That’s when Mondelez International — which also makes Clif Bars, Hall’s cough drops and Philadelphia cream cheese — will stop direct deliveries to 1,000 independent grocers across the city.”