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BUSINESS MAVERICK: Absa PMI perks up in August, but suggests manufacturing jobs are still being shedThe August reading for the widely watched Absa Purchasing Managers Index is the latest data set to suggest a rebound in economic activity since the second quarter crash from April until the end of June. Worryingly, it indicates that manufacturing jobs are still being shed.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: World Added More Solar, Wind Than Anything Else Last YearFor the first time ever, solar and wind made up the majority of the world’s new power generation -- marking a seismic shift in how nations get their electricity.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Robinhood Probed by SEC Over Payments From High-Speed TradersRobinhood Markets faces a U.S. regulatory probe into whether the firm properly informed brokerage clients that it sold their stock orders to high-frequency traders and other Wall Street firms, according to a person with direct knowledge of the matter.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Seven Nobel Winners Sign Letter Opposing Shelton Fed NominationA group of more than 100 prominent economists, including seven Nobel Prize laureates, have signed a new open letter to U.S. senators urging them to reject President Donald Trump’s nomination of Judy Shelton to the Federal Reserve’s Board of Governors.
Source: dailymaverick - 🏆 3. / 84 Read more »