The RSM US Manufacturing Outlook Index declined into negative terrain in May, signaling the impact of high inflation, rising interest rates, the lockdowns in China and the war in Ukraine. … READ MORE >
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Canada’s economy cools but outlook remains positive
Canada’s GDP grew 3.1% in the first quarter of 2022 as business investment and household consumption continued to boom while energy exports dragged, according to data released by Statistics Canada on Tuesday. The figure was in line with the Bank of Canada’s forecast but noticeably under market expectations. While COVID-19 … … READ MORE >
Chart of the day: Consumer confidence falls in May
Consumer confidence in the United States slid to a three-month low in May amid sticky inflation and a decline in job availability. … READ MORE >
Personal spending and trade improved in April as inflation eased
American consumers continued to spend more in April as inflation showed signs of relief. The combination of higher incomes, excess savings and lower energy prices helped to alleviate some of the recent recession concerns. … READ MORE >
5 things to know in life sciences: Week of May 23, 2022
From an innovative insulin delivery device to a Ph.D. internship program, each week we highlight five things you need to know about in life sciences. … READ MORE >
Chart of the day: Pending home sales fell in April
Pending home sales in April dropped more than expected as mortgage rates climbed toward a multidecade high. … READ MORE >
Initial jobless claims show signs of bottoming out
New filings for jobless benefits last week inched down to 210,000 as a tight labor market kept layoffs below pre-pandemic levels. … READ MORE >
Chart of the day: American businesses kept investing in April despite rising costs
Durable goods orders rose 0.4% on the month, following a downward revised 0.6% in March, according to data from the Commerce Department on Wednesday. … READ MORE >
New home sales fell 16.6% in April to lowest level since pandemic began
New home sales plummeted in April to their lowest since the onset of the pandemic amid a steep rise in mortgage rates and elevated prices. … READ MORE >
Increased demand lifts defense technology companies amid inflation and supply chain issues
Defense technology companies are experiencing rising costs and supply chain disruption. Howevever, growing international demand and technological innovation are driving optimism and investment. … READ MORE >