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U.S. Construction Spending Climbs More Than Expected In July
Construction spending in the U.S. increased more than expected in the month of July, according to a report released by the Commerce Department on Friday. The report said construction spending climbed 0.7 percent to an annual rate of $1.973 trillion in July after rising by 0.6 percent to a revised rate of $1.959 trillion in June.
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714 일 전
U.S. Manufacturing Index Indicates Modestly Slower Contraction In August
Indicating a slower pace of contraction, the Institute for Supply Management released a report on Friday showing an uptick by its reading on U.S. manufacturing activity in the month of August. The ISM said its manufacturing PMI rose to 47.6 in August from 46.4 in July, although a reading below 50 still indicates a contraction.
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714 일 전
U.S. Job Growth Exceeds Estimates In August But Unemployment Rate Unexpectedly Jumps
While the Labor Department released a closely watched report on Friday showing modestly stronger than expected job growth in the month of August, the report also showed an unexpected increase in the unemployment rate.
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714 일 전
Amgen, Horizon Therapeutics Reach Settlement On FTC Lawsuit; Seeks To Close Acquisition In Q4
Amgen (AMGN) and Horizon Therapeutics plc (HZNP) announced Friday the entry into a consent order agreement with the Federal Trade Commission (FTC) that resolves the pending FTC administrative lawsuit. This clears the path to take the final steps to close Amgen's $27.8 billion acquisition of Horizon.
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714 일 전
UK Manufacturing Shrinks Most Since May 2020
The British manufacturing downturn deepened in August and was the steepest in more than three years as output and new orders fell at faster rates amid the weak market conditions both domestically and internationally, survey results from S&P Global revealed Friday.
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714 일 전
UAW Files With NLRB Regarding Unfair Labor Practice Of GM, Stellantis
The United Auto Workers or UAW union has filed unfair labor practice charges against General Motors and Stellantis, parent of Chrysler, with the National Labor Relations Board. During a Facebook Live, UAW President Shawn Fain said the automakers refused to respond to the union's demands in good faith or in a timely manner. Meanwhile, the union did not file a complaint against Ford Motor.
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714 일 전
U.S. Employment Climbs More Than Expected In August
Employment in the U.S. increased by a little more than expected in the month of August, according to a closely watched report released by the Labor Department on Friday.
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714 일 전
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China Unveils More Stimulus Measures
China's central bank lowered the amount of foreign exchange that banks maintain as reserves, in an attempt to combat the weakness of the yuan, after unveiling measures to revive the property market this week. Also on Friday, major banks in China lowered the interest rates on yuan deposits of various maturities by 10-20 basis points.
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714 일 전
Pound Rebounds As European Shares Edge Up
The pound recovered against its major counterparts in the European session on Friday amid risk appetite, as investors cheered signs of more stimulus from Beijing and data showing that the downturn in euro zone manufacturing eased last month.
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714 일 전
Olin President, CEO And Chairman Scott Sutton To Step Down
Olin Corp. (OLN) announced Friday a mutual agreement that Scott Sutton will step down as President, Chief Executive Officer, and Chairman of the Board in the first half of 2024. Sutton will continue as Executive Chairman of the Board until his departure to facilitate a smooth transition.
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714 일 전
Eurozone Manufacturing Sector Mired In Recession
Euro area factory activity extended its downward trend midway through the third quarter as production came under pressure due to rapidly weakening demand and an accelerated depletion of backlogs, results of the purchasing managers' survey compiled by S&P Global showed on Friday.
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714 일 전
Sensex, Nifty Rally On Upbeat Macro Data
Indian shares rallied on Friday, with positive global cues along with encouraging Q1 GDP, core sector output and manufacturing PMI data bolstering sentiment.
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714 일 전
European Shares Mostly Higher On Improved Manufacturing Data
European stocks were broadly higher on Friday, as investors cheered signs of more stimulus from Beijing and data showing that the downturn in euro zone manufacturing eased last month.
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714 일 전
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