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Russia tries to re-stake its claim to China after Trump’s meeting with Xi
Russian officials appeared eager Monday to reaffiirm Moscow’s alliance with China following U.S. President Donald Trump’s high-profile meeting with Xi Jinping. Hot on the heels of Trump’s talks with Xi last week, which the U.S. president described as “amazing,” Russia has now sent a large delegation of its own to China for deal-making and talks. Russia’s Prime Minister Mikhail Mishustin arrived in Hangzhou on Monday for two-day talks with his Chinese counterpart, Li Qiang, with the officials signing a range of agreements, Russian state media reported, to deepen cooperation in the fields of trade, ... (full story)
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The government shutdown is poised to become the longest ever this week as the impasse between Democrats and Republicans has dragged into a new month. Millions of people could lose food aid benefits, health care subsidies are set to expire and there are few real talks between the parties over how to end it. President Donald Trump said in an interview aired ...
Economic activity in the manufacturing sector contracted in October for the eighth consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation's supply executives in the latest ISM® Manufacturing PMI® Report. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. "The Manufacturing PMI® registered 48.7 percent in October, a 0.4-percentage point decrease compared to the reading of 49.1 percent recorded in September. The overall economy continued in expansion for the 66th month after one month of contraction in April 2020. (A Manufacturing PMI® above 42.3 percent, over a period of time, generally indicates an expansion of the overall economy.) The New Orders Index contracted for the second month in October following one month of growth; the figure of 49.4 percent is 0.5 percentage point higher than the 48.9 percent recorded in September. The October reading of the Production Index (48.2 percent) is 2.8 percentage points lower than September's figure of 51 percent. The Prices Index remained in expansion (or 'increasing' territory), registering 58 percent, down 3.9 percentage points compared to the reading of 61.9 percent reported in September. The Backlog of Orders Index registered 47.9 percent, up 1.7 percentage points compared to the 46.2 percent recorded in September. The Employment Index registered 46 percent, up 0.7 percentage point from September's figure of *US OCT. ISM MANUFACTURING INDEX FALLS TO 48.7; EST. 49.5 *US OCT. ISM MANUFACTURING NEW ORDERS RISES TO 49.4 VS 48.9 *US OCT. ISM MANUFACTURING EMPLOYMENT RISES TO 46 VS 45.3 *US OCT. ISM MFG PRICE INDEX FALLS TO NINE-MONTH LOW OF 58 
ISM: US manufacturing activity worsens in October Manufacturing activity in the United States followed a downward trajectory in October compared to the month prior, the Institute for Supply Management (ISM) announced in its report on Monday. The Manufacturing PMI stood at 48.7% in the reported month, falling 0.4% compared to September's figure of 49.1%. Meanwhile, the Employment Index increased 0.7% to 46%, while the Production Index retreated 2.8% to land at 48.2%. The New Orders Index was 0.5% higher compared to the previous month, settling at 49.4%, though it remained below the 50% threshold, indicating contraction. The Prices Index was 58%, decreasing 3.9% on a monthly basis. "In October, U.S. manufacturing activity contracted at a faster rate, with contractions in production and inventories leading to the 0.4-percentage point decrease of the Manufacturing PMI®. A chain reaction of one-month index improvements started with New Orders in August and flowed to Production in September," ISM Chair Susan Spence commented.
ISM: US manufacturing activity worsens in October Manufacturing activity in the United States followed a downward trajectory in October compared to the month prior, the Institute for Supply Management (ISM) announced in its report on Monday. The Manufacturing PMI stood at 48.7% in the reported month, falling 0.4% compared to September's figure of 49.1%. Meanwhile, the Employment Index increased 0.7% to 46%, while the Production Index retreated 2.8% to land at 48.2%. The New Orders Index was 0.5% higher compared to the previous month, settling at 49.4%, though it remained below the 50% threshold, indicating contraction. The Prices Index was 58%, decreasing 3.9% on a monthly basis. "In October, U.S. manufacturing activity contracted at a faster rate, with contractions in production and inventories leading to the 0.4-percentage point decrease of the Manufacturing PMI®. A chain reaction of one-month index improvements started with New Orders in August and flowed to Production in September," ISM Chair Susan Spence commented.
President Donald Trump’s sweeping tariffs on most items imported to the U.S. will face the scrutiny of the Supreme Court this week as businesses and consumers are grappling with the economic impact. “The unpredictability of tariffs has been a huge, huge issue,” said Bryan Pate, CEO of PT Motion Works. “We sell a bicycle, which are primarily made out of ...
