Posts filtered by tags: Institute for Supply Management[x]


 

Dow tanks 808 points as tech-stock exodus drives worst day since June

Getty Images / Mario Tama US equities tanked the most since June on Thursday as investors dumped highly valued tech stocks.Every one of the S&P 500's 11 sectors plunged throughout the day. Energy stocks suffered the least damage with a roughly 1% drop, while the information technology sector plummeted about 6%.A lower-than-expected weekly jobless-claims reading wasn't enough to lift stocks. New claims totaled 881,000 in the week that ended Saturday, beating the economist estimate of 950...
Tags: Google, Energy, Congress, Iraq, US, Trends, Markets, Bank Of America, Treasury, Deutsche Bank, SEC, Oil Price, Bill Ackman, Gold Price, Equities, S&P 500


Dow plunges 740 points as tech sell-off puts US stocks on pace for worst day in 3 months

Reuters US equities tanked Thursday as investors sold high-flying tech stocks. Apple, Nvidia, and Zoom all declined, putting the S&P 500 on pace for its biggest single-day loss in three months. A lower-than-expected weekly jobless-claims reading wasn't enough to lift stocks. New claims totaled 881,000 in the week that ended Saturday, beating the economist estimate of 950,000. Oil tumbled on fears that Iraq may delay production cuts and keep supply well above demand. West Texas Intermediat...
Tags: Facebook, Congress, Iraq, US, Trends, Markets, Bank Of America, Treasury, Deutsche Bank, SEC, Oil Price, Bill Ackman, Gold Price, Equities, S&P 500, Dow Jones Industrial Average


US service-sector recovery slows in August as pandemic fears weigh on spending

A worker at a restaurant in Louisville, Kentucky, cleans a table at a restaurant after it was allowed to reopen in May. Andy Lyons/Getty Images The US services industry slowed its pace of expansion in August as stimulus programs expired and the coronavirus pandemic continued to weigh on spending activity. The Institute for Supply Management's gauge of the industry dropped to 56.9 last month from 58.1, notching its first decline in four months. A reading above 50 indicates growth, while one...
Tags: US, Trends, Recession, Markets, Economy, Economic recovery, ISM, Louisville Kentucky, Oxford Economics, Institute for Supply Management, Andy Lyons Getty, Kathy Bostjancic, Service Industry, Economic Indicators, Ben Winck, Coronavirus Economy


Dow plunges 520 points as tech sell-off puts US stocks on pace for worst day in 3 months

Reuters US equities tanked on Thursday as investors sold high-flying tech stocks. Apple, Nvidia, and Zoom all declined, putting the S&P 500 on pace for its biggest single-day loss in three months. A lower-than-expected weekly jobless claims reading wasn't enough to lift stocks. Claims reached 881,000 in the week ended Saturday, beating the economist estimate of 950,000. Oil tumbled on fears that Iraq may delay production cuts and keep supply well above demand. West Texas Intermediate crud...
Tags: Facebook, Congress, Iraq, US, Trends, Markets, Bank Of America, Treasury, Deutsche Bank, SEC, Oil Price, Bill Ackman, Nasdaq, Dow Jones, Gold Price, Equities


S&P 500 and Nasdaq close at fresh records as investors flock to work-from-home stocks

AP Images / Richard Drew US stocks gained on Tuesday as investors mulled corporate earnings and encouraging economic data out of China.The S&P 500 and Nasdaq composite indexes continued their recent hot streaks, with both closing at record highs.Zoom Technologies leaped alongside other so-called work-from-home stocks after trouncing Wall Street's second-quarter estimates and raising its forward guidance.The Institute for Supply Management's purchasing managers' index climbed to 56 in Augus...
Tags: Apple, China, US, Trends, Markets, Tesla, Walmart, Bloomberg, Ap, House, TSLA, Oil Price, Federal Reserve, Nasdaq, Richard, Goldman


US manufacturing grows at fastest rate in nearly 2 years, backing up hopes for V-shaped rebound

An employee at D'Addario & Company works on manufacturing face shields on April 30, 2020 in Farmingdale, New York. Bruce Bennett/Getty Images The US manufacturing industry accelerated its growth through August as factories reopened and supply chains recovered.The Institute for Supply Management's purchasing managers' index gained to 56 last month from 54.2, according to a Tuesday report. The expansion is the PMI's fastest in nearly two years.Economists surveyed by Bloomberg expected a r...
Tags: US, Trends, Markets, Bloomberg, Economy, Goldman, US manufacturing, ISM, Oxford Economics, Institute for Supply Management, Economic Indicators, Manufacturing PMI, Ben Winck, Coronavirus Economy, Coronavirus Recovery, Economic Indicator


US adds 1.8 million jobs in a sign that hiring has slowed

By CHRISTOPHER RUGABER The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is stalling hiring and slowing an economic rebound. With confirmed viral cases still elevated in much of the nation and businesses under continued pressure, many employers appear reluctant or unable to hire. Even counting the hiring of the past three months, the economy has now recovered only about 42% of the 22 million jobs it lost to the...
Tags: Health, Business, News, US, Sport, Soccer, United States, Federal Reserve, Census, Kronos, Labor Department, Census Bureau, FactSet, Institute for Supply Management, National News, Christopher Rugaber


Oil rises more than 1% on hopes for economic recovery - Reuters

Oil rises more than 1% on hopes for economic recovery - Reuters:Oil prices were up more than 1% on Monday on positive economic data from the United States, Europe and Asia, but investors remained concerned about rising COVID-19 cases globally and oversupply as OPEC begins to lift supply cuts.Brent crude settled at $44.15 a barrel, rising 63 cents, or 1.5%. U.S. West Texas Intermediate (WTI) crude rose 74 cents, or 1.8%, to end at $41.01 a barrel.U.S. manufacturing activity accelerated to its hig...
Tags: Travel, Asia, Opec, Reuters, United States Europe, U S West Texas Intermediate WTI, Institute for Supply Management, Rupert Neil Bumfrey


UK, eurozone factories bounce back; US-China tensions rise over TikTok – as it happened

UK factory output at three-year high, Eurozone output highest since April 2018 – PMI surveysGold hits new record high of $1,984.66 an ounceHSBC steps up 35,000 job cuts amid Covid-19 profit plunge TikTok reportedly relocating to London as Microsoft confirms acquisition plans 3.05pm BST Stock markets around the world are pushing higher, with the UK’s FTSE 100 index up 1.86%, Germany’s Dax 2.4% ahead and France’s CAC rising 1.78%. On Wall Street, the Dow Jones rose 0.46%, the S&P 500 advanced ...
Tags: Business, UK, London, Microsoft, France, China, Germany, US, America, UK News, World news, Commodities, US news, Stock Markets, Asia Pacific, Currencies


U.S. adds 4.8 million jobs as unemployment falls to 11.1%

By CHRISTOPHER RUGABER WASHINGTON — U.S. employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month yet still remained far short of regaining the colossal losses it suffered this spring. The nation has now recovered roughly one-third of the 22 million jobs it lost to the pandemic recession. And with confirmed coronavirus cases spiking across the Sun Belt states, a range of evidence suggests that a job ma...
Tags: Apple, Florida, New York, Texas, California, Washington, Sport, Soccer, House, Arizona, ISM, Homebase, McDonald, JPMorgan Chase, Kronos, FactSet


Ohio Manufacturers to Produce More PPE

The manufacturing industry has suffered during the economic shutdown caused by the pandemic. A new report from the Institute for Supply Management expects the industry won’t return to pre-recession levels until 2022. Ohio manufacturers have been shifting gears to find ways to help people on the front lines of the pandemic. The Ohio Manufacturing Alliance plans to produce 750,000 isolation gowns among other personal protective equipment, such as face shields and swabs. Ethan Karp, president and C...
Tags: Ohio, Institute for Supply Management, Karp, Ethan Karp, Ohio Manufacturing Alliance


Coronavirus, supply-chain issues raise fears in local manufacturers

The spread of the coronavirus, questions over how bad it could get and what authorities should do to fight back are casting shadows across the manufacturing sector. The crisis has become a double-edged sword for Paulson Manufacturing, a Temecula company that makes protective face shields. As the novel virus spread from country to country, the company upgraded its production capabilities to make as many as a million medical shields a month. “We had to move heaven and earth to get that done,” said...
Tags: Asia, China, Los Angeles, San Francisco, Nike, Sport, Soccer, Davis, Long Beach, Associated Press, Federal Reserve, ISM, Southern California, Fed, San Bernardino, Nafta


There’s No Resurgence In American Manufacturing. It’s A Myth.

This article is part of TPM Cafe, TPM’s home for opinion and news analysis. In a towering act of sycophantry, the National Association of Manufacturers announced Friday that it will be giving Ivanka Trump the organization’s first ever Alexander Hamilton Award for “extraordinary support of manufacturing in America.” The organization made the outrageous claim that “no one”  — no one! — has ever “provided singular leadership and shown an unwavering commitment to modern manufacturing in America” l...
Tags: News, Obama, Senate, White House, America, United States, House, Cafe, Trump, Donald, Joe Ragazzo, Alexander Hamilton, AFL CIO, Ivanka, Ivanka Trump, National Association of Manufacturers


Will coronavirus pull factory orders down after manufacturing rebound?

The first phase of the trade deal between the U.S. and China brightened the outlooks for California and U.S. factory executives, but the dangerous virus in the Far East could pull the plug on that optimism. The coronavirus outbreak in China has sparked some concerns it could spiral out of control abroad and cause problems that would spill over into California’s manufacturing sector and its overall economy by cutting the number of customers for American-made goods. The national Purchasing Manager...
Tags: California, China, Sport, Soccer, Southern California, San Bernardino, CSU, Far East, Inland Empire, Chapman University, Redlands, Institute for Supply Management, Tempe Ariz, U S China, John Husing, Raymond Sfeir


US manufacturing hits highest level since July

The Institute for Supply Management said on Monday its index of national factory activity increased to a reading of 50.9 last month.
Tags: Finance, US, Article, Reuters, FBN, Institute for Supply Management, Fbn/markets, Fox-business/markets/us-markets, Fox-business/markets/economy, 9b9e9488-408d-5368-b743-c1acd9110ca3


National manufacturing survey still shows weak numbers

The study that measures the pace of manufacturing across the country continued to decline in November and is now at its lowest level since the end of the Great Recession. The Purchasing Managers Index, released monthly by the Tempe, Ariz.-based Institute for Supply Management, was at 47.2 in December, down from 49.1 a month earlier. It is at its lowest level since June 2009 and has declined for each of the last five months. There was a sharp decline in production in December, while new orders dr...
Tags: Mexico, China, America, Los Angeles, Sport, Canada, Soccer, United States, House Of Representatives, San Diego, Southern California, San Bernardino, U S Senate, Riverside, Temecula, Institute for Supply Management


Economies of 9 States Expected to Shrink in 2020, Fed Bank Says

Nine states’ economies are expected to slide into contraction within six months — the most since the financial crisis ended more than a decade ago, according to the latest projections from the Federal Reserve Bank of Philadelphia. West Virginia’s economy is forecast to shrink the most, while a decline in neighboring Pennsylvania is anticipated to be the most severe since May 2009 during the tail-end of the Great Recession, figures released this week show. A faltering economic outlook in com...
Tags: News, China, Uncategorized, Elizabeth Warren, America, Bloomberg, Economy, Pennsylvania, New Hampshire, Alaska, Iowa, Connecticut, Treasury, Oklahoma, Donald Trump, Bernie Sanders




US services companies growth rebounds in October

WASHINGTON (AP) — U.S. service companies grew at a faster pace in October after sinking to a three-year low in September. The Institute for Supply Management, an association of purchasing managers, reported Tuesday that its service index grew to 54.7% last month, up from 52.6% in September. Any reading above 50 signals growth. Measures of […]
Tags: Business, News, Washington, US, Ap, Nation, Institute for Supply Management


Rates head toward all-time lows

The slowing global economy is not the fault of the central banks, and it's beyond their repair. Global markets are slowing down for natural reasons, but we might be able to do something about the "unnatural" reasons: Predatory trade policies from the Chinese and the U.S.'s clumsy retaliation is worse than the initial injury.
Tags: Interest Rates, Analysis, Radio, Federal Reserve, Rates, Institute for Supply Management, Markets & Economy, Select, Lou Barnes


Another Fed Rate Cut Is Expected After Weak Economic Data

Key officials said they were open-minded about the need for further cuts. Then a flurry of bad economic data rolled in.
Tags: News, Interest Rates, Federal Reserve Bank of New York, Institute for Supply Management, United States Economy, Federal Reserve System, Factories and Manufacturing, Labor and Jobs, Federal Reserve Bank of Chicago, Service Industries


US service companies grew at a slower pace in April

U.S. service companies grew at a slower pace in April, as business activity generally showed a leveling off. The Institute for Supply Management, an association of purchasing managers, reported Friday that its service index fell to 55.5% last month, down from 56.1% in March. Any reading above 50 signals growth. Companies surveyed for the index […]
Tags: Business, News, US, Nation, Institute for Supply Management


US manufacturing activity slowed in April

WASHINGTON (AP) — U.S. manufacturers expanded at a slower pace in April, as measures of new orders, production and employment each slipped. The Institute for Supply Management, an association of purchasing managers, says that its manufacturing index fell to 52.8 last month, down from 55.3 in March. Readings above 50 point toward an expansion in […]
Tags: Business, News, Washington, US, Ap, Nation, Institute for Supply Management


Survey: US manufacturing activity increased in March

WASHINGTON (AP) — U.S. manufacturers grew at a faster pace in March, as the pace of employment jumped and new orders and production improved. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 55.3 last month, up from 54.2 in February. Readings above 50 point toward […]
Tags: Business, News, Washington, US, Ap, Institute for Supply Management


Survey: US manufacturing grew at a slower pace in Februrary

BALTIMORE (AP) — American manufacturers expanded at a slower rate in February, as the pace of new orders, production and employment each slipped. The Institute for Supply Management, an association of purchasing managers, says that its manufacturing index fell to 54.2 last month, down from 56.6 in January. Readings above 50 signal growth in manufacturing […]
Tags: Business, News, US, Ap, Baltimore, Institute for Supply Management


US factories grew at faster pace in January

WASHINGTON (AP) — American factories grew at a slightly faster pace in January than in the previous month when there had been a big slowdown in manufacturing activity. The Institute for Supply Management, an association of purchasing managers, said Friday that its manufacturing index rose to 56.6 last month, up from a reading 54.3 in […]
Tags: Business, News, Washington, US, Ap, Nation, Institute for Supply Management


Bad stuff the stock market worried about is starting to happen

By Sarah Ponczek and Vildana Hajric, Bloomberg All of a sudden, the fundamentals aren’t looking as strong. First it was Apple Inc.’s $5 billion revenue miss, hints of which lopped 30 percent from its stock over three months. Now it’s a closely watched gauge of U.S. factory activity, which dropped to a two-year low and missed every estimate in a Bloomberg survey. What’s going on? Over and over in the fourth quarter, as the S&P 500 plunged 19.8 percent to the brink of a bear market, investors hear...
Tags: Apple, Business, New York, Bloomberg, Sport, Soccer, Federal Reserve, Apple Inc, Russell, Institute for Supply Management, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun


Stocks plunge after Apple forecasts slower iPhone sales in China

By MARLEY JAY NEW YORK — Stocks went into a steep slide Thursday morning after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company. The rare warning of disappointing results from Apple sent a shudder through markets and reinforced fears among investors that the world’s second-largest economy is weakening. The Dow Jones Industrial Average fell more than 600 points about an hour into trading. The broader S&P 500 index was down 2.4 percent...
Tags: Apple, Asia, South Korea, Hong Kong, New York, Cook, London, Microsoft, China, Germany, Sport, Intel, Britain, Soccer, Tim Cook, Treasury


US factories expanded at slowest pace in more than 2 years

WASHINGTON (AP) — American factories grew last month at the slowest pace in more than two years. The Institute for Supply Management, an association of purchasing managers, says its manufacturing index dropped to 54.1 in December, down from 59.3 in November and lowest since November 2016. Anything above 50 signals growth, and American manufacturing has […]
Tags: Business, News, Washington, US, Ap, Nation, Institute for Supply Management


Survey: US services firms grew in November

WASHINGTON (AP) — U.S. services firms grew at a slightly stronger pace in November, a sign that the recent stock market sell-offs have yet to dampen enthusiasm among consumers. The Institute for Supply Management, which is composed of purchasing managers, reports that its services index rose to 60.7 last month, up from 60.3 in October. […]
Tags: Business, News, Washington, US, Ap, Institute for Supply Management, Nation & World