Tag: activity

U.S. business activity slows, house price inflation accelerates

By Lucia Mutikani

WASHINGTON (Reuters) – U.S. business activity cooled in September, with gains at factories offset by a retreat at services industries, suggesting a loss of momentum in the economy as the third quarter draws to a close and COVID-19 lingers.

The economy’s recovery from the pandemic recession is losing speed as government financial help to businesses and the unemployed dries up. Federal Reserve Chair Jerome Powell told lawmakers on Wednesday that Congress and the U.S. central bank needed to remain focused on supporting the recovery.

“We need to stay with it … the recovery will go faster if there is support coming both from Congress and the Fed,” Powell said.

Data firm IHS Markit said its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, slipped to a reading of 54.4 this month from 54.6 in August. A reading above 50 indicates growth in

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Understanding Visa’s Unusual Options Activity

Visa
V,
-2.58%

shares experienced unusual options activity on Wednesday. The stock price moved down to $200.03 following the option alert.

Exceptionally large volume is one way options activity can be considered unusual. The volume of options activity refers to the number of shares contracts traded for a day. Open interest describes unsettled contracts that have been traded but not closed by a counter-party. In other words, for each contract buyer, there must be a seller. A purchased contract remains open until a seller closes it, and vice versa.

When a contract has an expiration date in the distant future, it is generally another sign of unusual activity. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the

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Wall Street retreats as business activity slows

By Sagarika Jaisinghani and Devik Jain

Sept 23 (Reuters)Wall Street’s main indexes fell on Wednesday as data showed domestic business activity slowed in September, although a record high for Nike following a strong quarterly earnings report capped declines on the blue-chip Dow.

Nine of the 11 major S&P indexes were down in morning trading, with energy .SPNY – already the worst performing sector this year – leading declines. O/R

Hopes of a stable economic rebound from a pandemic-led recession, combined with historic fiscal and monetary stimulus, had driven a rally in the three main U.S. stock indexes since a coronavirus-driven crash in March.

However, doubts over the next coronavirus relief bill as well as a selloff in heavyweight technology-related stocks have weighed on sentiment this month, with Wall Street favorites including Facebook Inc FB.O, Apple Inc AAPL.O and Amazon.com Inc AMZN.O bearing the brunt of the

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U.S. business activity slows; house prices jump

WASHINGTON (Reuters) – U.S. business activity cooled in September, with gains at factories offset by a retreat at services industries, suggesting a loss of momentum in the economy as the third quarter draws to a close and COVID-19 lingers.

FILE PHOTO: A ‘for sale’ is seen outside a single family house in Garden City, New York, U.S. on May 23, 2016. REUTERS/Shannon Stapleton/File Photo

Data firm IHS Markit said on Wednesday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, slipped to a reading of 54.4 this month from 54.6 in August. A reading above 50 indicates growth in private sector output. Though the private sector continues to expand, this month’s dip in the index supports expectations of an ebb in economic momentum as the boost from fiscal stimulus fades.

Gross domestic product is expected to rebound at as much as a record 32% annualized

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Futures Rise Ahead of Business Activity Data; Nike Shines | Investing News

(Reuters) – U.S. stock index futures rose on Wednesday ahead of data that would throw light on the pace of an economic recovery from a coronavirus-driven recession, while Nike was set for a record open after a stunning quarterly earnings report.

Shares of the world’s largest athletic shoe maker

surged 13.2% in premarket trading as its digital sales, especially in North America, helped offset a fall in sales at traditional brick-and-mortar stores.

The Dow constituent was set to drive the blue-chip index <.DJI> higher for a second straight day, clawing back more of the sharp declines from Monday that were driven by fears of another round of lockdowns to contain a global surge in COVID-19 cases.

Doubts about more U.S. fiscal stimulus and growing political uncertainty in the run-up to the Nov. 3 presidential elections have also kept investors from making big stock market bets.

“If we get a second

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Apps are tracking WhatsApp users’ online activity, including whom they’re likely talking to and when they’re sleeping

Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.

Read on for news about the death of Justice Ruth Bader Ginsburg, WhatsApp-tracking apps that are letting people figure out when you’re sleeping, how home-listing site Zumper weeded out thousands of Section 8 renters, and a toxic culture in Yelp’s Phoenix office. 



Mark Zuckerberg with his mouth open: Facebook CEO Mark Zuckerberg. Drew Angerer/Getty Images


© Drew Angerer/Getty Images
Facebook CEO Mark Zuckerberg. Drew Angerer/Getty Images

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The death of Justice Ruth Bader Ginsburg is likely to make intense political polarization in the US even more severe.

Ginsburg’s death opened up a vacancy on the Supreme Court that President Trump said he will fill as quickly as possible. But a new national survey from Insider found that most respondents disagree with the plan to fill the seat as soon as possible. You can get

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Outside apps are tracking WhatsApp users’ online activity

Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.

Read on for news about the death of Justice Ruth Bader Ginsburg, WhatsApp-tracking apps that are letting people figure out when you’re sleeping, how home-listing site Zumper weeded out thousands of Section 8 renters, and a toxic culture in Yelp’s Phoenix office. 

mark zuckerberg

Facebook CEO Mark Zuckerberg.

Drew Angerer/Getty Images


Hello!

The death of Justice Ruth Bader Ginsburg is likely to make intense political polarization in the US even more severe.

Ginsburg’s death opened up a vacancy on the Supreme Court that President Trump said he will fill as quickly as possible. But a new national survey from Insider found that most respondents disagree with the plan to fill the seat as soon as possible. You can get the latest on the response to

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BMO Business Activity Index – Canadian Economic Recovery Continues

TORONTO, Sept. 18, 2020 /CNW/ – The BMO Business Activity Index (BMO BAI) from BMO Economics, which tracks monthly business activity with information on jobs, spending, sentiment and other indicators, rose 5.0 per cent in July, and is on pace for a 2.7 per cent gain in August. That would mark four consecutive months of strong growth from the pandemic low set in April, leaving the index 4.7 per cent below February’s peak.

“Activity by this measure had sunk as much 24 per cent at one point,” said Robert Kavcic, Senior Economist, BMO Capital Markets. “Thinking of it another way, about 80 per cent of the economic hole caused by the pandemic has been filled back up.”

Almost all indicators that make up the index continued to support the rebound in July and August. Hours worked posted solid gains as the job market recovers. The upside-surprise in housing

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Golf surges, takes advantage of coronavirus-forced outdoor activity

Ken Willis
 
| The Daytona Beach News-Journal

Ryan Meyers isn’t comfortable expressing his family’s good summertime fortune, but the numbers don’t lie.

The bulk of summer (June through August) brought an 8% year-over-year increase in rounds played at the Meyers family’s Riviera Country Club in Ormond Beach. A 13.5% increase in cart use, 13% increase in non-member play, and a 10% jump in practice-range revenue.

“I hate to say it, but it really has been beneficial to us,” he says of the unusual circumstances that had golf perceived as one of the few safe recreational activities during the coronavirus pandemic.

Florida’s golf courses were never forced to shut down, though some did. Restrictions were put in place to lower the chances of viral spread — one person to a freshly sanitized cart, no on-course water coolers, no “19th hole” gatherings, etc.

“It sounds awful to say when other businesses have

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