Manufacturing Data Signals Economic SlowdownLatest data shows a continued economic slowdown in the US, with the Institute for Supply Management’s manufacturing PMI remaining unchanged at 46.7 in November. This marks the 13th consecutive month of PMI slumps, indicating a deceleration in manufacturing activity. According to analysts, this data signifies another indicator of an emerging economic …
The groundbreaking NFL game for Black Friday will air on Amazon’s Prime Video rather than on regular TV, featuring a showdown between the Miami Dolphins and the New York Jets at 3 p.m. ET. Alongside the game action will be Amazon’s Black Friday deals and an exclusive performance by Garth Brooks. This path-breaking shift from …
(Bloomberg) — Elon Musk vehemently denounced the “deceptive” media reports accusing him of antisemitism, delivering his most forceful rebuttal yet after endorsing antisemitic material in a post on X that incited outrage and drove away advertisers such as Apple Inc. The controversy erupted last week when the billionaire Tesla Inc. CEO and X-owner sided with …
Jonathan Raa | Nurphoto | Getty Images Elon Musk railed against major advertisers and Media Matters, a media watchdog group, on Friday following the decision of several top brands to temporarily pause their ad spending on X, a social media platform where Musk serves as CTO. In a late Friday night tweet, Musk announced his …
Traders are optimistic about U.S. stocks maintaining a winning streak despite Moody’s cutting its U.S. credit outlook. Congress is working to prevent a government shutdown before the week ends. Walmart and Target will be reporting earnings this week. Here are the most important news items that investors need to start their trading day: The major …
7 Hours Ago October Sees Decline in China’s Consumer Prices In October, China’s consumer prices decreased, reflecting the ongoing struggle of the world’s second-largest economy with an uneven post-Covid recovery. Data from China’s National Bureau of Statistics revealed that the consumer price index slipped 0.2% year-on-year. This decline was greater than the expected 0.1% decline …
Get ready for some big news from Disney as they are about to report their earnings following the bell. Meanwhile, Microsoft shares have reached an all-time high and Democrats are celebrating significant wins on Election Day. Investors are set to begin their trading day following important developments in the market. The Nasdaq and the S&P …
Business Sentiment in Japan Improves According to Reuters Tankan Survey Japan Business Sentiment Improves as Reuters Tankan Survey Shows Rise in November According to the recent Reuters Tankan survey, there has been an uptick in confidence among large Japanese manufacturers in November. This marked the first time that the index has improved since August, while …
Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images The S&P 500 rose on Tuesday, extending its longest winning streak in about two years as Wall Street aimed to build on November’s rally. The S&P added 0.35%, rising for …
Paramount Global Controlling Shareholder Shari Redstone Open to Transformative Deal Shari Redstone, the controlling shareholder of Paramount Global, is actively seeking a transformative deal but has yet to find the right opportunity, according to sources. Consolidation within the large media companies is necessary, although challenging due to current market conditions. Redstone has been open to …