Growth in US Services Sector Hits Record High in July
Growth in the U.S. services sector, where most Americans work, increased to a record pace in July even as businesses continued to face challenges in hiring workers.
Growth in the U.S. services sector, where most Americans work, increased to a record pace in July even as businesses continued to face challenges in hiring workers.
Automaker Stellantis says it achieved faster-than-expected progress on synergies and record margins in its first six months as a combined company, despite suffering 700,000 units in lower production due to interruptions in the semiconductor supply chain.
PepsiCo will sell Tropicana and other juices to a private equity firm in a $3.3 billion deal.
Stocks shook off a wobbly start and ended higher Tuesday as traders weighed another big set of company earnings reports.
New York is the nation’s first big city to announce it will require proof of COVID-19 vaccination for indoor diners and gymgoers.
Germany’s BMW is reporting 4.8 billion euros in profit for the second quarter.
The Treasury Department has unveiled plans to borrow $673 billion in the current quarter while employing emergency measures to keep the government from an unprecedented default on the national debt.
Employers are increasingly losing patience with unvaccinated workers.
Growth in U.S. manufacturing slowed for a second straight month in July amid ongoing supply-chain problems.
Luxury sportscar maker Ferrari has surged back to second-quarter growth.