U.S. manufacturing activity near 1-1/2-year high: ISM
U.S. manufacturing activity accelerated to its highest level in nearly 1-1/2 years in July as orders increased despite a resurgence in new COVID-19 infections, which is raising fears about the sustainability of a budding economic
Earnings at the halfway mark are much better than expected
Amazon, Facebook, and Apple are only among the most recent examples of a notable trend: earnings much better than expected. The reopening story may be getting rocky, but one pleasant surprise has been earnings.
Earnings at the halfway mark are much better than expected
Amazon, Facebook, and Apple are only among the most recent examples of a notable trend: earnings much better than expected.
Big tech didn’t disappoint, as Amazon, Apple, Facebook and Alphabet all seem to have weathered the pandemic well enough.
Amazon topped sales estimates last quarter and for the current period, during which it expects revenue of between $87 billion to $93 billion. Profit blew away consensus, coming in at $10.30 a share on revenue of
U.S. goods trade deficit narrows amid signs the global flow of goods is improving
The United States’ trade deficit in goods fell sharply in June as exports rebounded following several months of decline, suggesting a recovery in global trade after being severely disrupted by the Covid-19 pandemic. The shrinking
S&P 500 Rally Gets Thumbs Up From Companies Raising Forecasts
The first two weeks of U.S. earnings reports suggest the uncertainty caused by the pandemic is easing, supporting the continuing run higher for the S&P 500. The clearest sign of this turn to the better
Congress Has Supported Moves To Revive Domestic Semiconductor Manufacturing, Here’s What Needs To Happen Next
Last week the Senate voted overwhelmingly (96-4) to include an amendment to the National Defense Authorization Act (NDAA) that provided support to the American semiconductor industry. The amendment combined the earlier American Foundries Act and the Creating Helpful Incentives to Produce
U.S. June New-Home Sales Surge to Highest in Almost 13 Years
By Vince Golle and Maeve Sheehey Months’ supply at current sales pace at almost four-year low Houses sold but not yet started rose to highest since 2017 (Bloomberg) -- New-home sales in the U.S. increased to an almost
U.S. core capital goods orders, shipments accelerate in June
New orders for key U.S.-made capital goods increased more than expected in June and shipments accelerated, but the gains were likely insufficient to avert the deepest plunge in business investment and economic activity since the
U.S. agrees to pay Pfizer and BioNTech $2 billion for 100 million doses of coronavirus vaccine
The U.S. will pay Pfizer and biotech firm BioNTech $1.95 billion to produce and deliver 100 million doses of their Covid-19 vaccine if it proves safe and effective, the companies announced Wednesday. It was the largest such deal between the government