Economy News

Economy

US Economic Slowdown: April's PMI Composite Drops to Lowest Since September 2023

The US PMI Composite Output Index fell to 50.6 in April, the lowest since September 2023, with the Services PMI also declining. S&P Global's report highlights growing concerns in t...

Economy

Bill Ackman Advocates for a 180-Day Tariff Truce with China to Stabilize US Economy

Billionaire hedge fund manager Bill Ackman proposes a 180-day halt on new China tariffs to ease economic tensions and protect small businesses, highlighting China's increased motiv...

Economy

Bill Ackman Advocates for a 180-Day Tariff Truce with China Amid Rising Economic Tensions

Billionaire hedge fund manager Bill Ackman suggests a 180-day pause on new China tariffs to ease economic tensions, warning of potential instability for the U.S. economy and small ...

Economy

Erste Group Secures Landmark €7B Deal with Santander, Aims for 20% EPS Boost

Erste Group Bank AG announces a €7.0 billion deal with Banco Santander, acquiring significant stakes in Santander Bank Polska Group and Santander Towarzystwo Funduszy Inwestycyjnyc...

Economy

April's Unexpected Drop in US Composite PMI Signals Economic Slowdown Concerns

The US Composite PMI fell unexpectedly in April to its lowest since September 2023, with the services sector also showing significant slowdown, raising concerns about economic heal...

Economy

US Services Sector Shows Promising Growth in April, ISM Reports Significant Improvement

The US service sector improved in April with the PMI rising to 51.6%, indicating expansion. New Orders Index grew, but Employment Index stayed in contraction. ISM highlights concer...

Economy

US Services Sector Shows Promising Growth in April: A Closer Look at the ISM Report

The US service sector improved in April with the Services PMI rising to 51.6%, indicating expansion. Key indexes showed mixed results, with new orders up but employment still contr...

Economy

April Sees a Sharp Decline in US Composite PMI, Signaling Economic Slowdown Concerns

The US Composite PMI fell to 50.6 in April, the lowest since September 2023, with the services sector also showing significant slowdown, raising concerns over economic health and b...