Investor Jitters Rise: US Services Sector Sends Puzzling Signals in August
The powerhouse of the American economy, the services sector, continued to show signs of resilience in August, but…
Manufacturing PMI Inches Higher, But Still Signals Industry Contraction, Cements Case For Interest Rates On Hold
The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) saw a modest uptick to 47.6 in…
August Jobs Creation Tops Forecasts, But Unemployment Ticks Higher, Wage Growth Slows
The August jobs report released by the Bureau of Labor Statistics on Friday indicated a mixed picture for…
Fed’s Favored Inflation Gauge Matches Expectations: July PCE Price Index Inches Up To 3.3%
The Federal Reserve’s favored inflation measure, which can encompass a broad array of consumer expenses, experienced a slight…
Job Vacancies Fall To 28-Month Low, Signaling Cooling Job Market
The number of job openings in the United States plunged to a 28-month low of 8.827 million in…
Exxon’s Predictions For 2050: Oil And Gas Continue To Dominate, Climate Goals At Risk
Exxon Mobil Corp. (NYSE:XOM) is sharing a concerning projection that the worldwide efforts to reduce emissions might fall…
US Retail Sales Defy Predictions With Strong 0.7% Monthly Growth In July
The U.S. retail sector displayed remarkable resilience in July 2023, recording a robust 0.7% monthly surge in total…
The SPY Takes A Bath On PPI Print, What’s Wall Street Saying?
The broad market SPDR S&P 500 ETF Trust (NYSE:SPY) pushed lower on Friday following the Bureau of Labor…
Producer Price Inflation Surges 0.8% in July, Exceeds Expectations, Reigniting Inflation Concerns
The U.S. economy faces renewed concerns about inflation as the Producer Price Index (PPI) for final demand has…
Deflation Rocks Used Car Market, Price Bubble Bursts: 5 Stocks Face Margin Squeeze Risks
The U.S. Consumer Price Index (CPI) recorded an annual inflation rate of 3.2% in July, rising from 3%…