Germany’s new orders increased 2.9% in October, more than expected 1.4%, according to Destat press release. Excluding major orders, real new orders in manufacturing were 1.7% higher than the previous…
OPEC+ will add 500,000 barrels a day of oil output in January, giving the market more time to absorb the extra supply, according to Bloomberg Quint. The hike is a…
U.S. recorded a Composite PMI Output Index of 58.6 in November, up from 56.3 in October, the sharpest rate of growth since March 2015, according to IHS Markit press release.…
U.S. initial jobless claims for the week ended November 28 was 712,000, a 75,000 decline from the previous week and below expected 775,000, according to the Department of Labor press…
Goldman Sachs analysts believe copper’s bullish run is now "fully underway," with prices up 50% from the 2020 lows, reports CNBC. On Tuesday, copper prices touched $7,719 per metric ton…
U.S. private-sector employment rose 307,000 in November, on a seasonally adjusted basis, according to ADP Research press release. Job growth remained positive across all industries and sizes, although the pace…
The U.S. Food and Drug Administration has granted Roche an emergency use authorization (EUA) for Elecsys Anti-SARS-CoV-2 S test, according to Roche’s press release. The test will gauge an individual’s…
Salesforce.com Inc. has agreed to buy workplace messaging app Slack Technologies Inc. for $27.7 billion, according to Reuters. Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce…
U.S. November Manufacturing PMI was 57.5%, down 1.8% from October’s 59.3%, and below expected 58.0, according to press release. Manufacturing strengthened for the sixth straight month, but at slower rates…
A bipartisan group of senators are expected to unveil a $908 billion stimulus proposal on Tuesday, according to The Washington Post. The stimulus proposal will break a months-long partisan impasse…
Airbnb Inc. is offering 51.9 million shares at $44 to $50 apiece to raise about $2.6 billion in a long-awaited initial public offering, according to Bloomberg. The IPO would take…
U.S. Pfizer and its German partner BioNTech have applied to the European Medicines Agency (EMA) for the authorization of the BNT162b2 vaccine candidate, according to press release. If approved, the…