Sectors News Results

  • Six Chicken-Industry Officials Indicted for Price Fixing--4th Update

    Six current and former chicken-industry executives were indicted on price-fixing charges, expanding the U.S. government's antitrust prosecutions in the $65 billion poultry industry. The charges, announced Wednesday, target executives from several different chicken companies, including Pilgrim's Pride Corp. (PPC), and provide new details about the alleged conspiracy. Prosecutors said the price-fixing took place from 2012 into early 2019, a longer period than the Justice...

  • Behind China's Latest Property Boom: Doormen and Gardeners

    Investors have seized on another way to profit from China's huge housing market: snapping up stocks in the companies that take care of apartment complexes and help residents with child care, groceries and repairs. The rally in property-management companies contrasts with difficulties in China's far bigger real-estate- development industry, which has suffered as the pandemic disrupts sales and authorities take a tougher stance on debt. Measured by floor space, residential...

  • Total joins the Sea Cargo Charter, as Industry Giants Commit to Transparent Reporting of Shipping Emissions

    A group of the world's largest energy, agriculture, mining, and commodity trading companies will for the first time assess and disclose the climate alignment of their shipping activities. United Nations agencies estimate the international shipping industry to carry around 80% of world trade flows and to be responsible for 2-3% of global greenhouse gas emissions annually. Large industrial corporations are significant users of international shipping services.

  • How Coronavirus Changed the Retail Landscape

    The coronavirus pandemic accelerated a major shift in the retail industry. E-commerce sales in the second quarter rose by 44.5% compared with the same period in 2019 and they now make up 16% of all U.S. retail sales, according to the Commerce Department. Consumer spending has picked up since many cities and states began lifting lockdown restrictions and allowing stores to reopen in May, but only some sectors have regained lost ground.

  • U.S. Services Sector Continues Its Recovery in September -- ISM

    The services sector in the U.S. continued its recovery in September, rising for the fourth consecutive month, data from a survey compiled by the Institute for Supply Management showed Monday. The ISM Services Report on Business PMI for September rose to 57.8 from the August reading of 56.9. Economists polled by The Wall Street Journal expected the indicator to come in at 57.0.

  • Conference Board's Employment Trends Index Rises for Fifth Straight Month in September

    An index measuring employment trends in the U.S. rose in September for the fifth consecutive month as job growth continued its upward trajectory, data from the Conference Board showed Monday. The Conference Board Employment Trends Index was 54.80 in September, compared with the upwardly revised 53.30 for August. The Employment Trends Index has been rising since May, but it is yet to recover from the hit from the coronavirus in March and April.

  • U.S. Services Sector Shows Solid Upturn in September -- IHS Markit

    Activity in the U.S. services sector expanded solidly in September but at a slightly slower pace than in August, when output rose at the sharpest rate for nearly one and a half years, data from IHS Markit showed Monday. The final reading for the U.S. Services Purchasing Managers' Index for September was 54.6, down from the 55.0 level registered in August, but matching the earlier released flash estimate.

  • Fresh Coronavirus Restrictions Cast Doubt on Strength of Economic Recovery

    LONDON-- Fresh coronavirus restrictions last month hurt activity in the service sector across much of Europe and parts of Asia, as consumers spent less on everything from eating out to haircuts, a fall that bodes ill for the global economic recovery. Recent global surveys of companies found that factories were bouncing back in September and had largely closed the gap that opened by the draconian lockdowns many countries employed in the spring to contain the coronavirus...

  • Economy Week Ahead: Services, Trade and the Fed

    Readings on service-sector activity, trade figures and remarks from Federal Reserve Chairman Jerome Powell highlight a relatively light week for economic data releases. The Institute for Supply Management's survey of purchasing managers in the service sector is expected to show another expansion in U.S. activity last month as businesses reopened even as new coronavirus cases emerged in different pockets of the country. Separate surveys of purchasing managers in Europe...

  • U.S. Manufacturing Sector Keeps Up Momentum in September -- ISM

    Activity in the U.S. manufacturing sector kept growing at a solid pace in September, albeit at a slightly slower speed than that of August, data from a survey compiled by the Institute for Supply Management showed Thursday. The ISM Manufacturing Report on Business PMI for September stood at 55.4, down 0.6 percentage points from the August reading of 56.0. The figure misses expectations from economists polled by The Wall Street Journal, who predicted the PMI to be at 56.3.

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