The National Bureau of Statistics of China (NBS) released PMI data for China and is another data set which underperforms relative to expectations. The manufacturing sector contracted for a second month of 49.4, although at a slightly slower pace of 94 in July. Yet it also means the sector has contracted five of the past […]
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During the COVID-19 lockdowns, renters and buyers benefited from an uncertain housing market. Mortgage rates were at historic lows for buyers, and landlords slashed rents considerably to entice renters to renew leases and draw in Read more…
Nordstrom, the luxury fashion retailer, was once owned by its founding family with the same name. However, like most former family-owned companies, the Nordstrom family had to sell most of the company’s ownership to keep Read more…
