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Search resuls for: "Institute for Supply Management's Manufacturing"


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"For those of you younger than us who did not live through the Tech Bubble of the late 1990s, you are now living through Tech Bubble 2.0. As a reminder, the NASDAQ fell about 80% when that bubble burst in the mild recession of the early 2000s," Wolfenbarger said. AdvertisementThere is evidence that backs up Wolfenbarger's bubble claims, starting with fairly standard valuation measures like the Shiller cyclically-adjusted price-to-earnings ratio. While it's not as high as it was during the dot-com bubble, it's higher than it was in 1929 — and is at one of its most elevated levels in history. Bank of AmericaAs for what will finally deflate the bubble, Wolfenbarger is expecting a recession to hit the US economy.
Persons: , Microsoft —, Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, it's, America's Michael Hartnett, Louis Fed Wolfenbarger, Jeremy Grantham, Adam Karr, Orbis Investment Management Karr, It's Organizations: Service, Apple, Nvidia, Microsoft, Business, JPMorgan, ClearBridge, Tech, NASDAQ, ClearBridge Investments Bank, America's, Bank of America, Bank of America's Global, Institute for Supply Management's Manufacturing, Orbis Investment Management, Global Fund, Federal Reserve Locations: Japan
Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. Part of the surprise increase in durable goods orders reported by the Commerce Department on Wednesday, however, likely reflected higher prices as inflation picked up last month. Economists polled by Reuters had forecast durable goods orders falling 0.5% last month. These so-called core capital goods orders were previously reported to have edged up 0.1% in July. Core capital goods shipments rebounded 0.7% after falling 0.3% in July.
Persons: Lucy Nicholson, Priscilla Thiagamoorthy, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Commerce Department, BMO Capital Markets, Reuters, Machinery, Institute, Supply, PMI, United Auto Workers, General Motors Co, Ford, Thomson Locations: Los Angeles , California, U.S, WASHINGTON, Toronto, muddle
US stocks finished mixed Tuesday amid more earnings reports and fresh economic data. The number of job openings dropped by more than expected, according to Labor Department data. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyUS stocks finished mixed on Tuesday amid more earnings reports and fresh economic data that pointed to some weakening. Dow stocks Merck and Caterpillar reported quarterly earnings that topped forecasts, while fellow blue chip Pfizer gave mixed results. The Labor Department reported that job openings in June fell to 9.582 million from 9.824 million in the prior month, below forecasts for about 9.6 million.
Organizations: Labor Department, Service, Dow, Merck, Caterpillar, Pfizer, Institute, Supply Locations: Wall, Silicon
U.S. factory orders miss expectations in May
  + stars: | 2023-07-05 | by ( ) www.reuters.com   time to read: +2 min
Factory orders rose 0.3% after advancing by the same margin in April, the Commerce Department said on Wednesday. Orders increased 1.1% through May from a year earlier. Orders for transportation equipment increased 3.8% in May after accelerating 4.8% in the prior month. Civilian aircraft orders soared 32.8%, but motor vehicle orders fell 0.6%. Excluding transportation, orders fell 0.5%.
Persons: Lucia Mutikani Organizations: U.S, Commerce Department, Reuters, Institute, Supply, Civilian, Thomson
This desire for positivity may explain the popularity of a hot, new theory about the job market: labor hoarding. A bet on the futureThe idea of labor hoarding is basically an assumption about the bet that companies are making on the future of the labor market and customer demand. Another helpful tool to see how businesses are adapting to the labor market is the Bureau of Labor Statistics' quarterly Business Employment Dynamics report. Instead, we're seeing a more-balanced response consistent with a tight labor market that is losing some steam. So when the real pain starts, there's a good chance the US will quickly shift from labor hoarding to layoffs.
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