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2 mins read
Stock market today: Indexes test record highs as dovish jobs report sends bond yields lower
The June jobs "should have Fed officials troubled that the desired cooling in the economy could tra…
Matthew Fox
2 mins read
US service sector expands at fastest pace since September as holiday season lifts activity
While supplier deliveries and business activity improved, ISM's gauge of employment entered contrac…
Ben Winck
2 mins read
Services are roaring back to life in a 'post-Omicron rebound' according to one of the most closely watched business surveys
A popular gauge of service-sector health just improved for the first time in three months. Manufact…
Ben Winck
2 mins read
US service-sector recovery slows in August as pandemic fears weigh on spending
The Institute for Supply Management's service sector gauge fell for the first time in four months t…
Ben Winck
2 mins read
Top US manufacturing index jumped the most since 1980 in June as reopenings spurred growth
The Institute for Supply Management's manufacturing gauge soared 9.5 percentage points to 52.6 last…
Ben Winck
2 mins read
US service industry creeps toward growth as lockdowns ease, ISM report shows
The organization's non-manufacturing index climbed to 45.4 in May from 41.8, signaling a broad stab…
Ben Winck
2 mins read
Key manufacturing data point to the direction of stocks in 2022 — and the S&P 500 will struggle to eke out a gain, Morgan Stanley says
There's a tight correlation between the New York Fed's manufacturing survey and the broad equity in…
Carla Mozée
2 mins read
The US services sector fell into contraction territory for the first time since the financial crisis in April, ending a 122-month expansion
The Insitute for Supply Managaement's services index plunged to 41.8 from 52.5, extending the virus…
Ben Winck
2 mins read
Elon Musk's ex-wife is reportedly the mysterious phone contact 'TJ' who texted him about fighting 'woke-ism' at Twitter, and called the banning of a conservative satire site 'crazy'
"Can you buy Twitter and then delete it, please!?" Riley allegedly texted Elon Musk on March 24. "A…
Grace Kay
2 mins read
US manufacturing grows at fastest pace in 3 years as expansionary streak pushes on
Employment and new orders improved in February but rising materials prices and supply-chain delays …
Ben Winck
2 mins read
US factories struggle to meet demand as shortages slam production
Hiring difficulties, ballooning order backlogs, and supply-chain disruptions plagued factories in A…
Ben Winck
2 mins read
US manufacturing grows at fastest rate in nearly 2 years, backing up hopes for V-shaped rebound
ISM's New Orders Index climbed to 67.6 from 61.5, its highest point in more than 16 years. Producti…
Ben Winck
2 mins read
US manufacturing grows at its fastest rate in 17 months, Institute for Supply Management says
The organization's employment gauge gained to 44.3 from 42.1, remaining deep in contractionary terr…
Ben Winck
5 mins read
The US economy has not hit 'peak data.' There's still plenty of room for the post-COVID boom to soar.
Economists are worried that the US economy's pace of reopening could cool as the labor market slows…
Neil Dutta
1 min read
Stocks could pull back 10% over the next 3 months as macroeconomic growth peaks, Deutsche Bank's chief strategist says
Deutsche Bank's Binky Chadha said stocks have historically pulled back as macroeconomic growth indi…
Emily Graffeo
2 mins read
The backbone of the US economy roared back to life at record speed in March
The Institute for Supply Management's gauge of the service industry - which counts for 70% of US ou…
Ben Winck
2 mins read
A gauge of US service activity posts is biggest monthly jump since 1997 as the economy reopens
Businesses "are cautiously optimistic about business conditions and the economy as businesses are b…
Carmen Reinicke
2 mins read
US manufacturing industry stabilizes after plunging to financial-crisis lows, ISM survey reveals
"May appears to be a transition month," Timothy Fiore, chair of ISM's Business Survey Committee, sa…
Ben Winck
2 mins read
US factory output plunged to the lowest level on record dating back to 1948 in April as coronavirus spread
"Delivery times are rising because the supply chain is closed; this is bad news" said Ian Shepherds…
Carmen Reinicke
1 min read
Here comes ISM manufacturing ...
"The headline indexes from the Philly Fed and Empire State surveys were up strongly in February, wi…