business activity plunged. The index of general business conditions fell 36.2 points to a negative reading of 11.6 in May.
Economists had expected the index to slip to 16.5 after a better than expected 24.6 in April. Negative readings indicate declining business activity. New orders declined and fell into negative territory. Shipments fell at the fastest pace since early in the pandemic and also turned negative. Delivery times continued to lengthen, and inventories expanded.Both the prices paid and prices received indexes moved lower but were still elevated, indicating strong inflationary pressures remain despite the slowdown in orders.
The outlook part of the survey, which asks business executives about expectations for conditions six months from now, were “subdued,” the New York Fed said. Measures for expected inventories, technology spending, and employment all turned negative.
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Draft of new New York congressional lines released by special masterThe special master tasked with drawing new congressional lines for New York has released a set of draft plans. They would lead to a radically different set of races than those that began to take shape under Dems' maps earlier this year.
Source: politico - 🏆 381. / 59 Read more »
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Source: politico - 🏆 381. / 59 Read more »
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Source: komonews - 🏆 272. / 63 Read more »
Mass shooting in Black upstate New York neighborhood clearly racially motivated, attorney saysThe suspect's semi-automatic gun had a racial slur written on the barrel and the number 14, a known white supremacist slogan, according to officials. what exactly does '14' supposed to mean except the number after 13 and before 15 so if a black shooter has 'cracker' on his weapon are you going to report that as well? I bet not! Now report on these.
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