Manufacturing PMI® at 47.8%; February 2024 Manufacturing ISM® Report On Business®

New Orders; Backlogs Contracting; Production; Employment Contracting; Supplier Deliveries Slowing; Raw Materials Inventories Contracting; Customers’ Inventories Too Low; Prices Increasing; Exports and Imports Growing TEMPE, Ariz., March 1, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in February for the 16th consecutive month following one month of “unchanged” status (a PMI® reading of 50 percent) and … Read more

US health insurer Cigna scraps $10B deal to buy Humana: report

U.S. health insurer Cigna has ended its attempt to negotiate an acquisition of peer Humana, two sources familiar with the situation said on Sunday, plans to buy back $10 billion worth of shares. The deal could have exceeded $60 billion in value but was certain to attract fierce antitrust scrutiny. The Wall Street Journal earlier … Read more