The Institute for Supply Management’s (ISM’s) April Purchasing Managers Index (PMI) for the U.S. services sector dropped from expansion into contraction, falling from 51.4 in March to 49.4 last month.
Tag: U.S. economy
Post
U.S. PRODUCTIVITY NOT SHINING BRIGHT
U.S. workers’ productivity in this year’s first quarter grew by a scant 0.3 percent, compared to 3.5 percent in the quarter before.
Post
LABOR MARKET COOLS OFF IN APRIL
The U.S. economy added 175,000 jobs last month, compared to March’s 300,000 and analysts’ forecast of 241,000, notching the lowest monthly gain since last October.
Post
AI INVESTMENTS GET MIXED REVIEWS ON WALL STREET
Megatech companies have pledged to spend billions of dollars quarter after quarter to continue to develop and expand their lines of artificial intelligence (AI) products.
Post
ECONOMIC UPDATE – MARKET OVERVIEW
While the Dow posted its longest winning streak since December, the plantation workers of Slavelandia—people that used to be called middle and lower class—are on a losing streak.
Post
PLANTATION WORKERS OF SLAVELANDIA SUFFERING FROM INFLATION
Forty-one percent of Americans responding to an April Gallup poll said inflation or the high cost of living is their main economic concern. The number has risen for three years running, from 32 percent in 2022 to 35 percent in 2023.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels back in March and July 2022 respectively.
Post
TOP TREND 2023: OFFICE BUILDING BUST
The number of commercial real estate sales in Europe during this year’s first quarter was 26 percent below the same period in 2023, falling to a value of €34.5 billion, the Financial Times reported.
Post
UPS REVENUE SHRINK SIGNALS SLOWDOWN
Global package handler UPS posted revenue 5.3 percent lower in this year’s first quarter than the same period a year earlier.
Post
PEPSICO REPORTS HIGHER PROFITS ON LOWER SALES VOLUME
PepsiCo reported first-quarter sales revenue 2.3 percent above those a year earlier to $18.25 billion, beating analysts’ forecasts, even though sales volume dropped 2 percent during the period.