The US service sector showed stronger-than-expected growth in August, with the ISM Services Purchasing Managers Index rising to 55.4 from 54.1 in July, surpassing economists' forecast of 54.3. A reading above 50 indicates economic expansion, and this marks the eighth consecutive month of increasing 12-month average PMI. Key components like Business Activity and New Orders also improved, though Employment contracted for the second month. Supply chain issues persist due to tariffs and Middle East conflicts, but fewer companies are cutting staff. This data suggests continued resilience in the service economy amid global challenges.
Baidu announced that its Class A ordinary shares listed on the Hong Kong Stock Exchange will be included in the Shanghai-Hong Kong Stock Connect program starting September 7, 2026. This inclusion allows eligible mainland Chinese investors to directly...
Curaleaf Holdings has opened a new cannabis dispensary in Riverview, Florida, marking its 77th location in the state and 178th across the U.S. This expansion reflects Curaleaf's strategy to grow its presence in Florida's fast-growing medical cannabis...
SpaceX's stock currently trades below its first closing price despite a strong IPO debut, with a consensus analyst target price about 48% higher than the current price. Raymond James analyst Brian Gesuale projects a much more optimistic outlook, sett...
Critical Metals has consolidated 92.5% ownership of the Tanbreez heavy rare earths project and secured a 15-year offtake agreement with REalloys. The company has started a 10,000-meter drilling program to better define its resources. Tanbreez stands ...
Xcel Energy declared a quarterly dividend of $0.5925 per share, continuing its streak of annual dividend increases aligned with its 4%-6% raise policy. The company operates as a regulated utility, providing predictable cash flows supported by state-a...
