“Manufacturing activity in the central Atlantic region stabilized in November, following a pullback in October,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond and released yesterday. The manufacturing index rebounded to zero in November from negative 5 in October. Shipments reversed to positive 1 from negative 5, the Fed reported. Volume of new orders improved to negative 1 from negative 8, while the backlog of orders index decreased to negative 20 from negative 17.As for future outlook, six months from now, the shipments index was 34, off from the 36 posted last month, while the volume of new orders index slipped to 29 from 35, and backlog of orders fell to 6 from 16.
-
The SEC has won a partial victory against Choice Advisors and its principal Matthias O'Meara for their role in acting as unregistered brokers and for engaging in a fee-splitting arrangement.
1h ago -
The trio have decades of experience in high yield and investment grade portfolios and will launch new high-yield investment strategies and vehicles for Rockefeller.
2h ago -
"The rating action reflects our view of MIA's substantial demand, which surpasses pre-pandemic activity, and its leadership in enplanement growth for large hub airports since the fiscal 2019 peak," said S&P's Nora Wittstruck.
2h ago -
A state ban on bond underwriters that "boycott" or "discriminate" against the fossil fuel or firearms industries has resulted in fewer banks providing municipal financial products and services.
4h ago -
The company expects construction to take four years, with operations beginning in summer of 2028 ahead of the Los Angeles Olympics.
5h ago -
Los Angeles Mayor Bass' proposed $12.8 billion spending plan aims to close a $467 million deficit.
5h ago