Sectors News Results

  • Housing Starts and Existing Home Sales Seen Rising -- Data Week Ahead

    The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Monday 1000 Housing Mkt Index Jul 81 81 Tuesday 0830 Housing Starts Jun 1.59 M 1.572 M-- percent change Jun +1.1% +3.6% 0830 Building Permits Jun 1.68 M 1.681 M-- percent change Jun -0.1% -3.0% Thursday 0830 Jobless Claims Jul 17 348 K 360 K 1000 Existing Home Sales Jun 5.93 M 5.80 M-- percent change Jun +2.2% -0.9% 1000 Leading Index Jun +0.9%...

  • Chinese Regulators Warn of Further Measures to Rein in Homegrown Tech Sector

    China's efforts to rein in its homegrown tech giants gained new momentum on Thursday as its top financial regulators launched a fresh salvo on the sector and warned of future action against companies they say are flouting the country's rules. The People's Bank of China, the country's central bank, said in a press conference on Thursday that anti-monopoly measures applied to Ant Group Co., an affiliate fintech company of Chinese tech conglomerate Alibaba Group Holding Ltd.,...

  • China's Cabinet to Step Up Labor Protection in Its Platform Economy

    China's cabinet has urged the country's digital platform companies to better protect labor rights and vowed to improve welfare for gig workers, the State Council said Wednesday, in the latest moves to tighten regulations in the country's tech sector. Relevant companies should pay full labor remuneration in a timely manner, and mustn't set performance indicators that could harm workers' safety and health, the cabinet said in its executive meeting on Wednesday.

  • U.S. Services Sector Slows in June Amid Cooling Demand and Labor Shortages -- ISM

    Activity in the U.S. service sector continued to grow at a high pace in June, but the growth rate eased compared with the previous month as demand slowed and firms struggled to find candidates to fill open positions. The ISM Services Report on Business PMI decreased to 60.1 in June from the 64.0 record-high registered in May, according to data from a survey compiled by the Institute for Supply Management released Tuesday. Economists polled by The Wall Street Journal forecast the...

  • U.S. Services Sector Growth Cools in June But Remains High -- IHS Markit

    Services sector activity in the U.S. eased somewhat in June compared with the previous month, but continued to expand at strong levels driven by a rise in client demand, data from IHS Markit showed Tuesday. Services Purchasing Managers' Index for June came in at 64.6, down from 70.4 in May and below the flash estimate of 64.8. Economists polled by The Wall Street Journal expected the final services PMI to come in at 65.2.

  • Canadian Businesses Are Optimistic About Recovery, Bank of Canada Survey Finds -- Update

    OTTAWA--Canada's economic recovery is expected to broaden to include more businesses with ties to the hard-hit services sector, as vaccination rates continue to rise and government restrictions are lifted, a Bank of Canada survey found. The central bank's quarterly survey of business expectations found that overall sentiment improved during the spring to reach the highest level since the bank began measuring that indicator nearly 18 years ago. Investment and hiring...

  • Canadian Businesses Are Optimistic About Recovery, Bank of Canada Survey Finds

    OTTAWA--Canada's economic recovery is expected to broaden to include more businesses with ties to the hard-hit services sector, as vaccination rates continue to rise and government restrictions are lifted, a Bank of Canada survey found. The central bank's quarterly survey of business expectations found that overall sentiment improved during the spring to reach the highest level since the survey began nearly 18 years ago. Investment and hiring plans were widespread, the...

  • U.S. Manufacturing Sector Expanded Sharply in June But Supply Woes Persisted -- ISM

    U.S. manufacturing activity grew robustly in June amid strong demand, but the growth pace lost some steam as supply- chain strains and labor shortages continued to weigh on production. The ISM Manufacturing Report on Business PMI decreased to 60.6 in June from 61.2 in May, according to data from a survey compiled by the Institute for Supply Management released Thursday. The reading is slightly below forecasts from economists polled by The Wall Street Journal, who expected the...

  • U.S. Manufacturing Sector Growth Held Up in June Amid Worsening Supply-Chain Strains -- IHS Markit

    U.S. manufacturing activity continued to expand in June at a strong pace, matching the record-high growth rate reached in the previous month, but supply chain disruptions weighed on production capacity. The final reading for the U.S. Manufacturing Business Activity PMI Index was 62.1 in June, unchanged from May but down from the preliminary reading of 62.6, according to data from IHS Markit released Thursday.

Search News

Filter Results

Publication Date
Topic
Provider

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.