US Records the Slowest Uptick in Business Activity in 5 Months
(IHS Markit) US Business Activity Index was 59.9 in July, the lowest since February, and a decline from 64.6 recorded in June. Softer rises in new business contributed to the…
US Treasury Offers $126 Billion in Securities to Settle Public Debt
(U.S. Department of the Treasury) The US Department of Treasury is putting up $126 billion worth of Treasury securities to pay back privately held securities due from August. The securities…
GM’s Profit Jumps to $2.8 Billion in Q2 Despite Missing Wall Street’s Expectations
(General Motors Company) General Motors reported a $2.8 billion profit in the second quarter of 2021, a rebound from a loss of $758 million in the same period last year.…
Uneven Job Recovery on as US Private Sector Adds Fewer 330,000 Jobs in July
(ADP National Employment Report) Private sector employment in the US rose by 330,000 from June to July. Medium businesses added the most jobs at 132,000. Large businesses added 106,000 jobs…
Sony Reported a 15% Jump in Q1 Revenue Buoyed by Games and Network Services
(Sony Group) Sony Group Corporation announced revenue of 2,256.8 billion yen in the first quarter of 2021, a 15% increase from 1,962.9 billion yen in the same period last year.…
UK Service Sector PMI Slips to 59.6 in July Amid a Record Price-Driven Inflation
(IHS Markit) The UK seasonally adjusted service PMI was 59.6 in July, a drop from 62.4 reported in June due to staff shortages and supply chain constraints. The UK seasonally…
Crypto Ads on Google to Resume after a New Policy by the Search Giant Takes Effect
(Beincrypto) Search giant Google has lifted its ban on crypto-related ads on its platform in line with a new policy that comes into effect on August 3. The new policy…
Investors Worth as Much as $55 Trillion Call Steelmakers to Curb Carbon Emissions
(Reuters) Investors managing assets worth up to $55 trillion have called for urgent action by steelmakers to curb carbon emissions. The investors say the steel industry has been slow to…
China’s Service Sector Rebounds from a 14-Month Low as Index Hits 54.9 in July
(IHS Markit) China saw an uptick in service sector activity as the Business Activity Index rose from a 14-month low of 50.3 in June to 54.9 in July. The expansion…
Alibaba Sees a 34% Year Over Year Jump in Revenue in June Quarter
Alibaba Group Holdings delivered revenue of RMB205,740 million or $31,865 million in the quarter that ended June, up 34% from the comparable quarter of 2020. Alibaba’s revenues were fueled by…
Singapore Sends a Crypto Tone after Approval of Exchange on “In-Principle Terms”
(Cointelegraph) Singapore has granted the Independent Reserve, an Australian crypto exchange, an “in-principle approval” to operate as a regulated virtual asset service provider. The approval by the Monetary Authority of…
Uptick in Oil Prices Drive BP Profits to $3.4 Billion in Q2 from a Loss Position Last Year
(BP Plc) BP PLC reported a $ 3.4 billion profit in the second quarter of 2021, up from a loss of $17.5 billion in the same period last year. The…
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