Economy

Economic activity in the services sector continued to expand in February, the nation’s purchasing and supply executives say in the latest ISM® Services PMI® Report. The Services PMI registered 56.1%, its 20th month in a row in expansion territory, and an increase of 2.5 percentage points. “February’

I misspoke a couple of days ago when I said President Trump's attack on Iran would have little if any impact on the bev/al industry. I was thinking about shipping lanes and the fact alcohol is prohibited in the Muslim-dominated Middle Eastern countries. But attacks on

Economic activity in the services sector continued to expand in January, say the nation’s purchasing and supply executives in the latest ISM Services PMI Report. The Services PMI registered 53.8% to start 2026 as it finished 2025, on a positive note, with its 19th month in a row

You can expect the Federal Reserve to make two more 1/4-point cuts in interest rates, ING says, noting that it left monetary policy unchanged in a range between 3.5% and 3.75%. But, ING said, the accompanying statement and press conference suggested the Fed is more confident

The Conference Board's January measure of US consumer confidence is surprisingly weak, dropping to 84.5 from an upwardly revised December print of 94.2, and well below the 91.0 consensus prediction, notes James Knightley, chief international economist, US, for ING. The current conditions index and the

Among households earning $100,000 to $150,000 annually, the share living paycheck-to-paycheck by necessity has doubled in the last twelve months, from under 10% in early 2025 to 24% by December 2025, according to PYMNTS, a consultancy focused on the digital economy, payments and AI. That, as