From the need for representation improvements in clinical trials to a smart contact lens, each week we highlight five things to know in life sciences. … READ MORE >
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RSM US Financial Conditions Index: Risk aversion returns
The RSM US Financial Conditions Index is now more than 1.20 standard deviations below normal as losses in the equity market pile up, volatility increases and credit spreads widen in the bond market. … READ MORE >
The U.S. may see another supply whipsaw amid transport logjams
The months-long lockdown in Shanghai, China’s most populous city and home to the world’s largest container port, is causing a pile-up of ships at anchor off the Chinese coast. Factory shutdowns and the reduced flow of goods from the city’s port will cause another jolt to U.S. supply chain in the weeks and months to come.
The predictable knock-on effects of the Shanghai lockdown–while far from a total supply disruption akin to that of the early days of the pandemic—will certainly sustain or worsen supply shortages and sustain worldwide inflation. … READ MORE >
Chart of the day: U.S. existing home sales fall again as rates rise
Sales of existing homes fell for the third straight month as the housing market continued to cool off amid steep mortgage-rate increases. … READ MORE >
Initial jobless claims rise to 16-week high
Initial filings for jobless benefits last week reached 218,000—the average level in 2019—from a downwardly revised 197,000 in the prior week. … READ MORE >
Chart of the day: U.S. housing starts fall amid rising mortgage rates
Housing starts fell by 0.2% on the month to 1.724 million annualized, according to the U.S. Census Bureau. … READ MORE >
Rising inflation eases but Canada’s housing remains a concern
While the overall inflation has slowed, hinting at a possible peak in the next few months, the cost of basic necessities like food, housing and gasoline continues to rise. … READ MORE >
Chart of the day: Industrial production hits record
The Federal Reserve’s index for industrial production volume rose by 0.8%, the fourth consecutive month of strong expansion. … READ MORE >
U.S. retail sales: A solid month of growth
Retail sales in the United States rose by 0.9% in April from a month earlier, the U.S. Census Bureau reported on Tuesday. … READ MORE >
5 things to know in life sciences: Week of May 9, 2022
From music rhythms to treat multiple sclerosis patients to predicting COVID-19 variants, each week we highlight five things to know in life sciences. … READ MORE >