(ADP National Employment) US private-sector employment rose by 374,000 in August from July, a lower gain compared to an expected increase of 600,000. Medium businesses added the most jobs at…
(Nio Inc.) Nio Inc. delivered 5,880 vehicles in August this year, up 48.3% from the comparable month of 2020. The deliveries consisted of 1,738 ES8s, 2,342 ES6s, and 1,800 EC6s.…
(Reuters) Chinese government-backed firms are eyeing major stakes in Ant Group joint venture with Zhejiang Tourism Investment Group that could come as soon as October. Ant’s IPO with Zhejiang aims…
(Bloomberg) Cathie Wood’s Ark Investment Management’s Transparency ETF could debut this year upon approval by the regulator.The new ETF will closely follow an index that excludes alcohol, gambling, banking, oil,…
(IHS Markit) Germany’s manufacturing PMI hit a six-month low of 62.6 in August, from 65.9 in July as manufacturers struggled to meet demand due to supply constraints. Output sub-index fell…
(IHS Markit) The Eurozone manufacturing PMI dipped to 61.4 in August from 62.8 in July, a second consecutive month of slowing growth. The growth at the investment goods manufacturers remained…
(IHS Markit) UK’s Purchasing Managers Index plunged to 60.3 in August to mark a five-month low, from July’s 60.4. The fall in manufacturing activity reflected continuing supply constraints, with input…
(Nationwide House Price Index) UK house prices reached an average price of 248,857 in August, a 2.1% surge from July and the second-largest increase in 15 years. On an annual…
(Caixin) China’s General Manufacturing PMI entered the contractionary zone at 49.2 in August, down from 50.3 in July as Covid-19 clouded activity. The PMI marks the first time of deterioration…
(Crowdstrike) Crowdstrike announced a net loss of $57.3 million in the second quarter of the fiscal year 2022, compared to a loss of $29.9 million in the same period last…
(Nikkei Asia) The launch of Apple Watch 7 could wait longer as manufacturing was reportedly halted to allow engineers address performance issues. Small-scale production of Apple Watch started last week,…
(The Conference Board) US Consumer confidence plunged to 113.8 in August from 125.1 in July, the lowest reading since February this year. Consumers’ assessment of the current labor market and…