WASHINGTON (Reuters) - Factory activity contracted at a slower pace in January, data showed on Monday, providing a rare dose of good news for the battered economy, but other reports pointed to a deepening of the recession.
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BING NEWS:
- US manufacturing drops to 15-month low
WASHINGTON: US manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs. The Institute for Supply Management (ISM) said on Friday its manufacturing PMI ...
11/1/2024 - 3:10 am | View Link - US manufacturing drops to 15-month low in October
Goods spending increased at its fastest pace in 1-1/2 years in ... A reading above 50 indicates slower deliveries. Factory employment improved slightly, though it remained at depressed levels. The ...
11/1/2024 - 3:02 am | View Link - News updates from October 30: Rachel Reeves announces £40bn tax increase; Super Micro Computer shares sink after EY resigns
Volvo Cars wants to buy out struggling Northvolt of their joint venture to build a battery factory in Gothenburg. The Swedish carmaker, owned by China’s Geely, said on Wednesday that it planned to ...
10/30/2024 - 12:21 pm | View Link - News updates from October 30: Rachel Reeves announces £40bn tax increase; Microsoft and Meta top earnings estimates
However, the 24 per cent increase in sales reported on Wednesday came at the expense of BYD’s gross margins, which slipped from 22.1 per cent last year to 21.9 per cent. Net income was Rmb11.6bn, ...
10/30/2024 - 12:21 pm | View Link - US Consumer Spending Is Increasingly Driven by Richer Households
US Consumer Spending Is Increasingly Driven by Richer Households Spending by low earners jumped with pandemic aid, then slowed Wealth effect of asset boom boosts top-end spending: Fed study ...
10/11/2024 - 5:15 am | View Link - More
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