- Approvals for a potential COVID-19 vaccine later this year could threaten the recent surge in speculative investment in big U.S. technology companies and pull investors back towards more traditional growth-linked cyclical stocks, according to analysts at Goldman Sachs.
S&P Global Ratings on Wednesday cut its outlook on U.S. planemaker Boeing Co (BA) to "negative" from "stable", saying recovery in the aerospace industry could take longer than expected due to the impact of the coronavirus crisis.
U.S. services industry activity gained momentum in July as new orders jumped to a record high, but hiring declined, supporting views that the labor market recovery was faltering amid a resurgence in new COVID-19 infections across the country.
Invenger Technologies, Inc., a digital disbursement solution provider for the insurance industry best known for the companys claims payment product, Invenger-InsurPay, today announced the company has been acquired by leading digital payments provider, One Inc. Invenger-InsurPay provides a choice of payment methods and enables insurers to pay policyholders, claimants, vendors, mortgagees, and l...
* U.S. services sector activity hits 16-month high in July. * Walt Disney (DIS) hits over 5-month high. * Energy stocks gain as oil prices touch 5-month high. * CVS, Humana, Regeneron deliver profit beat. * Indexes up: Dow 0.94%, S&P 0.58%, Nasdaq 0.36% By Medha Singh.
The services sector in the U.S. continued its recovery in July rising for the second consecutive month, data from a survey compiled by the Institute for Supply Management showed Wednesday. The ISM Services Report on Business PMI for July climbed to 58.1, up one percentage point from the June reading of 57.1. Economists polled by The Wall Street Journal expected the services PMI to be at 55.0.
Activity in the U.S. services sector improved in July for the third consecutive month and gave signs of stabilization as businesses continued to reopen following the coronavirus lockdown, data from IHS Markit showed Wednesday. The final reading for the U.S. Services Purchasing Managers' Index for July was 50.0, up from the 47.9 level registered in June and above the flash figure of 49.6.
Canada's imports and exports jumped sharply in June on the automobile sector's recovery, though a slower gain in exports led the trade deficit to unexpectedly balloon to C$3.19 billion. Analysts polled by Reuters had predicted June's trade deficit would be C$0.90 billion.
* Private payrolls increase 167,000 in July. * Medium-sized businesses see decline in payrolls. * ISM services sector index rises 1 point to 58.1 in July. * Trade deficit falls 7.5% to $50.7 billion in June. By Lucia Mutikani.
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