The numbers: American manufacturers grew in February at their fastest pace since the onset of the pandemic and are increasingly optimistic about the economy, a closely followed survey showed. The Institute for Supply Management said its manufacturing index climbed to a two-year high of 60.8% last month from 58.7% in January. …
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The view from a Brooklyn neighborhood on Tuesday. The UBS report gave a mixed picture for New York City real estate. Getty Images The coronavirus pandemic may have triggered the worst global downturn in more than 60 years, but home prices in the world’s biggest cities still have shot higher …
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Oil futures were headed sharply lower early Wednesday as the energy complex faced persistent pressure centered on a dearth of places to put excess oil and a glut of the commodity being pumped by major producers. June Brent crude BRNM20, -11.74%, the international benchmark, was trading down $ 3.09, or …
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As business activity jerked to a halt in March, American companies began using the credit lines they took out from banks to stay afloat. The chart above shows the week-over-week changes in usage of what’s known as “commercial and industrial loans,” and as BCA Research analysts commented in a Tuesday …
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The month of March has rolled in like a ferocious lion for bullish stock-market investors, leaving little but carnage in its aftermath, as uncertainties about the effects of the coronavirus outbreak abound. The decline for the Dow Jones Industrial Average DJIA, -4.55% has been simply gut-wrenching for the average investor, …
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