The ISM monthly survey of purchasing managers showed that just 47.2% reported expansion in August.
Stocks making the biggest moves premarket: United States Steel, Unity Software, Boeing and more
These are the stocks posting the largest moves in premarket trading.
Soaring sports team values create new pressure for owners on taxes, succession
Succession and taxes have become especially important in the NFL, where the average age of team owners is now over 72 and team values are all surging.
Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO
Philip Belamant, Zilch’s CEO, told CNBC the firm was able to hit profitability by growing rather than cutting back like other fintechs have done.
China’s property woes and U.S. sanctions have hit some cities hard
Hangzhou, capital of the eastern Zhejiang province and home to Alibaba and other tech companies, ranked first in this year’s rankings.
American demand for international trips drives ‘travel momentum’ and overall spending
Americans’ spending on international trips has underpinned overall travel strength.
Is the Fed ‘sleepwalking into a policy mistake?’: Abrdn analyst calls for faster easing of rates
Is the economy already weaker than the headline data suggests and should the U.S. Federal Reserve already be easing? Akintewe questioned on “Squawk Box Asia.”
China’s first global gaming hit sells millions in a week. An early investor shares what’s next
China’s first attempt at a top-tier video game has smashed world records, bolstering the industry’s global ambitions after Beijing’s gaming crackdown.
PDD just gave markets the latest warning on China’s consumer. Where investors are looking instead
PDD’s tumble last week on disappointing earnings is a reminder that China’s consumer has moved on from its years of double-digit growth.
Stocks making the biggest moves midday: Intel, Elastic NV, MongoDB and more
These are the stocks posting the largest moves in midday trading.