Tag: industry

August 1, 2019

The IHS Markit Manufacturing Purchasing Managers’ Index fell to 50.4 in July, down from 50.6 in June, driven by a weaker demand. The firm also noted managers’ signaled slower hiring. A gauge of employment within the report fell to the […]

May 7, 2019

Crude-oil prices dropped on Tuesday amid lingering worries about a protracted trade conflict between the U.S. and China, which could hurt demand for the commodity. “Oil prices remain volatile, with concerns a trade war could have reduced demand battling for […]

December 7, 2018

Up until now, the technology and capabilities for leading financial institutions and service providers have been focused primarily on improving the speed and efficiency of transaction processes to minimize cost and improve the visibility of information. They rely on this […]

October 19, 2018

Tesla shares slipped Friday morning, down 0.94%, after CEO Elon Musk revealed a lower-cost Model 3 sedan was ready for order on the company’s website. They had gained as much as 2.2% in early action. “Just released lower cost, mid-range […]

October 18, 2018

Bank of America Merrill Lynch downgraded homebuilder stocks Toll Brothers, PulteGroup and NVR and lowered its homebuilding estimates for 2018 and 2019. “This morning BofA Merrill Lynch’s US economics team lowered its 2018-2019 housing starts and new home sales forecasts […]

October 17, 2018

By 2030, emerging markets will account for 62% of total growth in global consumption, the equivalent of $15.5 trillion in spending. But some countries are developing more quickly than others. Anu Madgavkar, a partner at McKinsey Global Institute, the business […]

October 15, 2018

U.S. stocks are mixed Monday as technology companies continue to slump and the Commerce Department said retail sales remained sluggish in September. The S&P 500 and other major U.S. indexes are coming off their worst week since late March as […]

October 8, 2018

U.S. stock indexes were lower on Monday, pressured by a drop in technology and energy companies and muted appetite for equities after last week’s spike in Treasury yields following healthy economic data. Six of the 11 major S&P sectors were […]

October 5, 2018

President Donald Trump’s corporate tax cut and his business deregulation efforts are not just an economic “sugar high,” former Federal Reserve governor Kevin Warsh argued on CNBC Thursday. Most economists “never thought the economy could grow this fast,” said Warsh, […]

July 23, 2018

Overstock announced Monday that it is relaunching Houserie, a real estate property management site it bought in February. The site will be geared toward landlords with services like background checks for potential tenants and rent payment management. Overstock said Houserie […]