Europe’s manufacturing activity stumbled in June, with the Hamburg Commerce Bank’s purchasing managers index (PMI) for the region sinking to 45.8 after notching 47.3 in May.
Category: 2 July 2024
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THREATS TO CANAL AND PORT TRAFFIC ENDANGER GLOBAL SUPPLY LINES
Last fall, the Houthi Islamist extremist group in Yemen began attacking cargo vessels entering the Red Sea en route to the Suez Canal, a key shortcut for freight moving from Asia to Europe and the U.S. East Coast.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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U.S. MANUFACTURING ACTIVITY SLOWS AGAIN IN JUNE
For the third consecutive month, U.S. factory activity contracted as manufacturers’ cost of materials fell their most in more than a year.
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HIGH INTEREST RATES CONTINUE TO HOBBLE THE U.S. ECONOMY
Home sales and capital goods orders both declined in May due to lingering inflation and high interest rates, Bloomberg reported. Capital goods shipments dropped by 0.5 percent, the sharpest dip in three months.
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AMERICANS HAVE SPENT THEIR COVID-ERA SAVINGS. CAN THEY KEEP SPENDING?
Consumer spending makes up almost 70 percent of the American GDP. With their COVID-era savings spent, can American households continue to support the U.S. economy?
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INFLATION RATE FLAT-LINES IN MAY, FANNING HOPES OF FED RATE CUT
U.S. inflation’s pace was unchanged in May at an annual rate of 2.6 percent, the Commerce Department reported. Service prices rose 0.2 percent but were offset by a 0.4-percent decrease in goods prices, the largest since last November.
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PLANT-BASED ULTRA-PROCESSED FOODS LINKED WITH HIGHER RISK OF CARDIOVASCULAR DISEASE
Plant-based ultra-processed foods, including veggie burgers and meatless nuggets, increase the risk of cardiovascular disease
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NO ONE IS LISTENING TO WALL STREET’S FEW REMAINING BEARS
A few stock market strategists continue to warn that stocks are overpriced as the economy slows and the frenzy over artificial intelligence has left markets vulnerable to a sudden plunge.