DPI

The US service industry is picking up;  factory orders are accelerating

The US service industry is picking up; factory orders are accelerating

Activity in the services sector picks up in November Employment rebounds; supplier deliveries are improving Factory orders rise 1.0% in October WASHINGTON, Dec 5 (Reuters) – U.S. service-sector activity unexpectedly accelerated in November, with employment rebounding, offering further evidence of underlying economic dynamics. economy as it prepares for an anticipated recession next year. Monday’s Institute …

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US labor market shrugs off recession fears;  keeps the Fed on a tightening path

US labor market shrugs off recession fears; keeps the Fed on a tightening path

Non-farm payrolls increase by 263,000 in November Unemployment rate stable at 3.7%; turnout drops The average hourly wage increases by 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and raised wages, ignoring growing fears of a recession, but that is unlikely to stop the Federal …

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Wall Street slips as concerns grow over tougher COVID restrictions in China

Wall Street slips as concerns grow over tougher COVID restrictions in China

Dow down 0.13%, S&P 500 down 0.39%, Nasdaq down 1.09% Disney jumps on Iger’s return as CEO Grindr falls after exploding in its early days Tesla down on vehicle recall, China COVID concerns Nov 21 (Reuters) – Wall Street’s main indexes ended roughly lower on Monday on fears that China could resume tougher measures to …

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