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...The Institute for Supply Management said its index tracking factory activity fell to a reading of 49.2 last month from 50.3 in March. Economists had expected a reading of 50....
...Activity in the US services sector unexpectedly contracted in April, the first time since December 2022, as business activity slowed and new orders softened....
...BMS plans to use some of the cash to finance its purchases of Karuna Therapeutics, a psychiatric and neurological drugmaker, and radiopharmaceutical group RayzeBio....
...Separately, the Costume Institute Benefit, aka the Met Gala, is held in New York....
...At that time, the Armory Show and the ADAA’s Art Show were the major fairs in New York. Frieze and NADA opened their New York fairs in 2012 and Tefaf New York launched in 2016....
...New York Police Department officers moved in on the NYU protesters at about 8.30pm, after a deadline for people to clear an area of the campus passed earlier on Monday....
...The Institute for Supply Management said its index tracking factory activity rose to a reading of 50.3 last month from 47.8 in February, surpassing economists’ expectations for a reading of 48.4....
...Despite reports of softening new orders and hiring challenges, companies reported stabilising supply chains and faster deliveries....
...The US manufacturing sector remained in contraction territory in February as new orders weakened after improving in January....
...The Institute for Supply Management’s manufacturing index is forecast to have edged up 0.4 percentage points to a reading of 49.5 from January, according to economists polled by LSEG....
...Draft legislation submitted to the New York State Assembly last week resurrected a proposal for the state’s courts to limit creditors’ recoveries on debts governed under New York law to what is typically...
...Jobless claims: New applications for unemployment aid, a proxy for lay-offs, are expected to have risen to 218,000 last week, up from a one-month low of 212,000 in the prior seven-day period....
...Over the weekend, Vassar College in New York said it would review “a proposal for divestment from defense-related investments”, but stopped short of pledging to take action....
...An interim review of the two clinical studies associated with Lykos’ PTSD treatment by the Institute for Clinical and Economic Review raised concerns about the design and conduct of the trials....
...US money market assets topped $6tn for the first time, according to the Investment Company Institute....
...The Institute for Supply Management said its index tracking factory activity increased to a reading of 49.1 last month from 47.1 in December, surpassing economists expectations for a reading of 47....
...The underperformance contributed to a 72 per cent funded ratio last year, compared with a national average of 78 per cent, according to Equable Institute, a New York-based think-tank....
...The lawsuit from the American Petroleum Institute, a lobby group, accused the US government of using “every tool at its disposal” to restrict access to resources in federal waters....
...Record inflows to money market funds have driven their combined assets to about $6tn as of April 24, according to the Investment Company Institute....
...“Any suggestion that this regulatory approach should be changed lacks substantiation and could harm fund investors,” said the Investment Company Institute, which represents fund managers....
...Hello and welcome to Energy Source, coming to you today from Sydney, Australia and New York....
...Amazon is also launching same-day delivery for certain treatments in New York City and Los Angeles starting on Tuesday....
...Cash continued to pour into US money market funds in the week to Wednesday January 10, according to the latest figures from the Investment Company Institute, taking total assets to a new record of almost...
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