After a week or two of speculation, it is being reported that JPMorgan Chase CEO Jamie Dimon is not running for president. From Bloomberg: Jamie Dimon, the longtime JPMorgan Chase & Co. chief, is not planning on running for office, according to a company spokesperson. “As he has said in the past, Jamie has no […]
Archives for June 2023
U.S. core factory orders tumble for third straight month
The factory orders were not great in April. This is not necessarily surprising, considering the plethora of weak manufacturing PMI reports in the last few months. According to the Census Bureau, headline factory orders rose 0.4 percent in April, down from the downwardly revised 0.6 percent gain in March. The market estimate suggested a 0.8 […]
Stagnation: U.S. services sector cooling off, new ISM data show
Is the U.S. services sector beginning to cool off? After being red hot, the latest data suggest that the services industry is showing signs of slowing down, with business activity, new orders, and employment sliding. Prices are also coming down. The Institute for Supply Management’s Services Purchasing Managers’ Index — a general trend of where […]