The U.S. manufacturing sector experienced a slowdown in August, raising concerns about the overall state of the economy. According to the Institute for Supply Management (ISM) monthly survey of purchasing managers, only 47.2% reported expansion during the month, falling below the 50% breakeven point for activity. While this was a slight improvement from the previous
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A recent panel of Brazil’s federal supreme court justices unanimously voted to uphold orders suspending the use of Elon Musk’s social network X nationwide. This decision comes after Justice Luiz Fux expressed some reservations about a specific measure in the order that allows the court to fine individuals or businesses using “subterfuge,” such as VPNs,
Former Democratic Rep. Tulsi Gabbard has recently taken on a unique role as an adviser to Republican former President Donald Trump for his upcoming debate against Vice President Kamala Harris. Gabbard has pointed out that Harris has been making noticeable policy pivots, trying to distance herself from her previous positions. This strategic move by Gabbard
Netflix stock hit a record high in August, with shares breaking above the $700 mark and reaching an intraday high of $711.33. Despite a slight pullback in recent days, the stock closed at $701.35 on Friday, making it around 44% higher year to date. This impressive performance comes amid intensifying competition in the streaming sector
Inflation in the United States saw a slight uptick in July, with the personal consumption expenditures price index rising by 0.2% on a monthly basis. This increase brought the year-over-year inflation rate to 2.5%, aligning perfectly with the Dow Jones consensus estimates. The core PCE, which excludes volatile food and energy prices, also experienced a
Salesforce, a leading business software maker, witnessed a 4% surge in its shares following an impressive fiscal second-quarter financial report. The company outperformed market expectations with earnings per share of $2.56, compared to the $2.36 forecasted, and revenue of $9.33 billion, exceeding the anticipated $9.23 billion. This robust growth was primarily driven by an 8%
The recent decrease in mortgage rates for the fourth consecutive week has not had the anticipated impact on homeowners and potential buyers. Despite the reduction in interest rates, the overall mortgage application volume has only seen a marginal increase of 0.5% compared to the previous week. This lackluster response raises questions about the effectiveness of
The economic proposals put forth by former President Donald Trump and Vice President Kamala Harris have been analyzed in two separate studies by the Penn Wharton Budget Model. The findings reveal a significant contrast in the impact of their respective plans on federal deficits over the next decade. Trump’s proposals are projected to increase deficits
The recent merger of Amazon aggregators Branded and Heyday has caught the attention of many in the e-commerce industry. This consolidation comes at a time when the sector experienced significant growth during the Covid era. The newly merged companies will operate under the name Essor, which translates to “take flight” in French, symbolizing their vision
Recently, the Harris campaign and its allies made headlines by announcing a staggering $40 million in donations following Vice President Kamala Harris’ speech at the Democratic National Convention. This significant windfall brings the total amount raised for Harris’ election efforts to an impressive $540 million since President Joe Biden exited the race and threw his