USA: Composite PMI estimated to increase in October

(CercleFinance.com) – The growth of private sector activity in the United States accelerated in October according to IHS Markit, its composite PMI index coming out at 57.3 in ‘flash’ estimate, after 55.0 in final data for the month of september. For the record, it is the threshold of 50 that separates the expansion and contraction […]

USA: Philly Fed index down in October

(CercleFinance.com) – The growth of manufacturing activity slows down in October, according to the last monthly economic survey of the Philadelphia Fed, whose index stands at 23.8 for the current month against 30, 7 for the month of September. As a reminder, a ‘Philly Fed’ index greater than zero reflects growth in activity in the […]

USA: + 7% of sales of second-hand homes in September

(CercleFinance.com) – Sales of second-hand homes rose 7% in the United States in September, according to the National Federation of Realtors (NAR). At 6.29 million units at an annualized rate, they are above expectations. The NAR specifies that the stock of unsold homes has fallen by 13% over one year to 1.27 million, or 2.4 […]

KKR buys Edge Observatory in New York for more than $ 500 million

The Edge Terrace, Manhattan (GETTY IMAGES NORTH AMERICA / Cindy Ord) KKR has acquired a controlling stake in Edge, the highest outdoor observatory in the West, located in New York, the investment firm said, for $ 508 million, according to several US media outlets. Inaugurated in 2020, Edge is a giant terrace open to the […]

USA-Congressional committee backs contempt charge against Steve Bannon

WASHINGTON, Oct.20 (Reuters) – A U.S. congressional committee investigating the Jan.6 assault on Capitol Hill by hundreds of supporters of Donald Trump voted unanimously on Tuesday in favor of a contempt of Congress charge against Steve Bannon, a longtime aide to former President Donald Trump. The seven Democratic and two Republican members of the House […]

Stellantis goes electric in the United States

The automotive group will open with LG a “giga-factory” of batteries in North America in 2024. Stellantis passes the fifth in the electric. The group resulting from the merger between PSA (Peugeot, Citroën…) and FCA (Fiat, Chrysler…) will open a battery factory in North America in partnership with the South Korean industrialist LG. This “gigafactory” […]

industrial production falls in September, penalized by shortages (Fed)

Industrial production fell in September in the United States, mainly because of automobile production, which still suffers from the global shortage of semiconductors, according to data released Monday by the American Central Bank (Fed). Production fell by 1.3% in September, and automobile production alone plunged 7.2%. In addition, the data for August have been revised […]

Amazon: 150,000 seasonal workers will be recruited in the USA

(CercleFinance.com) – Amazon on Monday announced its intention to recruit some 150,000 seasonal employees in the United States in preparation for the strategic Christmas period. The Seattle group said in a statement that all jobs created will have an average hourly wage of at least $ 18, a signing bonus of up to $ 3,000 […]

USA-Surprise drop in manufacturing output in September

WASHINGTON, Oct. 18 (Reuters) – Manufacturing output slowed unexpectedly in September in the United States as the persistent global semiconductor shortage weighed on auto production. Manufacturing output fell 0.7% last month after falling 0.4% in August (revised), according to Federal Reserve data released on Monday. Economists polled by Reuters on average expected a slight increase […]

Toyota to invest $ 3.4 billion in batteries in the United States

par David Shepardson WASHINGTON, Oct. 18 (Reuters) – Toyota 7203.T on Monday announced its intention to invest, through its North American subsidiary, around 3.4 billion dollars (2.9 billion euros) by 2030 in the development and production of automotive batteries in the United States. The world’s largest automaker in terms of volume plans to create a […]