Author: Rajashree Chakravarty

A Strong Dollar and A Stronger Economy Pressurize the U.S. Manufacturers

The strong U.S. dollar signals economic growth, but it is also hurting American businesses overseas, especially manufacturers, who face falling sales, squeezed profits and prospects of major job cuts. Caterpillar Inc., for example, the world’s largest construction and mining equipment maker, faced stiff competition due to the strong U.S. dollar […]