Nevada Leads other States in GDP Increases as Economic Reopening Bears Fruits
(BEA) Nevada state recorded a 10.9% jump in real GDP in the first quarter, as all 50 states and the District of Columbia recorded gains. With a 10.9% jump in…
(BEA) Nevada state recorded a 10.9% jump in real GDP in the first quarter, as all 50 states and the District of Columbia recorded gains. With a 10.9% jump in…
(University of Michigan Survey) The index measuring consumer sentiment in the US was 85.5 in June, up by 3.1% from May. The sentiment was the second highest since the beginning…
(Reuters) S&P Global Ratings has affirmed China’s stable output growth with an A+/A-1 rating amid disruptions by the COVID-19 pandemic. S&P expects China to maintain economic growth above average compared…
(Bloomberg) Bipartisan infrastructure agreement announced on Thursday carves out $579 billion from the $2.25 trillion plan unveiled by Washington in March. Roads and bridges win in the package as they…
(CNBC) SpaceX’s broadband service Starlink will list when its cash flow becomes more predictable, according to CEO Elon Musk. Musk says going public prematurely would be very painful for Starlink,…
(Department of Labor) US jobless claims plunged by 7,000 for the week that ended June 19 to hit 411,000. Previous week’s jobless claims were revised by up 6,000 to 418,000.…
(IHS Markit) U.S. June Manufacturing Index Increased the fastest since 2007 from 62.1 to 62.6 as restrictions were lifted. The increased index was also due to a recovering domestic economy.…
(LIZHI) LIZHI Inc. 's vertical podcast platform has launched on Tencent’s in-car platform WeScenario to enrich user’s digital experience. The launch allows LIZHI to bring a collection of curated and…
(Census Bureau) New single-family house sales in the US fell by 5.9% to hit 769,000 in May, trailing April’s rate of 817,000. House sales in May were still 9.2% higher…
(Nikola) Nikola Corporation will invest $50 million in cash and stock in Wabash Valley Resources for a clean hydrogen project. Nikola will have a 20% equity stake in the project,…
(WSJ) Self-driving truck startup Embark Trucks Inc. will become public by merging with a blank cheque company. Deal could be valued at $5.2 billion. Embark will merge with Special Purpose…
(IHS Markit) UK Composite Output Index eased to an expansion of 61.7 in June, down from a record 62.9 in May. Service Business Activity index also eased to a 2-month…