US PMI Manufacturing rose from 50.0 to 50.9 in May. PMI Services rose fro 51.3 to 54.8, a 12-month high. PMI Composite rose from 51.3 to 54.4, a 25-month high. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “The US economic upturn has accelerated again after two months of slower growth, with […]
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Experts’ views vary widely about when the Federal Reserve will start cutting interest rates and by how much. Some expect one rate decrease this year, some expect two and some expect zero. Harvard economist Larry Read more…
On June 12, the European Commission found that the supply chain behind the burgeoning Chinese EV industry benefits from unfair government subsidies, which can threaten European automakers. As a result, starting on July 4, Chinese Read more…
MSC Cruises wants to make the “Big Two” in the United States a “Big Three.” The cruise line has been investing heavily in the U.S. and has steadily added bigger and better ships to the Read more…