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The index of manufacturing activity from the Federal Reserve Bank of New York rose in July by 13 points and amounted to 4.3 points. The indicator managed to move into the positive zone. The index value exceeded the forecast. Analysts had expected it to grow to only 1 point in July. Some participants in a survey conducted by The Wall Street Journal reported an improvement in business conditions. Manufacturers are optimistic about the prospects for the coming months. The index of new orders could not overcome the zero level this month. It was minus 1.5 points. The employment index showed a negative trend. The indicator fell by 6 points to minus 9.5 points.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
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