Service Industries in U.S. Expand at Fastest Pace on Record

April 5th, 2021|

(Bloomberg) --U.S. service providers experienced the fastest growth on record in March as measures of business activity and orders advanced to new highs. The figures from the Institute for Supply Management on Monday underscore how looser business restrictions and increasing economic activity are igniting a rebound in sectors hardest hit by the pandemic. The ISM’s services

U.S. manufacturing sector index races to 37-year high in March

April 1st, 2021|

A measure of U.S. manufacturing activity soared to its highest level in more than 37 years in March, driven by strong growth in new orders, the clearest sign yet that a much anticipated economic boom was probably underway. The Institute for Supply Management (ISM) said on Thursday its index of national factory activity jumped to

UBS upgrades Apple to a buy — here are the 3 reasons why

March 31st, 2021|

LONDON — UBS on Wednesday upgraded Apple stock to a buy rating and raised its price target from $115 to $142 per share. Apple shares closed Tuesday’s session at $119.90, down 9.64% year to date, with Big Tech having taken the brunt of the market jitters on rising bond yields. In a new research note, UBS gave three fundamental reasons

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