Latest Service sector performance News

US service sector growth surges in May

Jun. 03, 2021 12:25 PM EDT

SILVER SPRING, Md. (AP) — Growth in the services sector, where most Americans work, hit an all-time high in May as people flock to bars, restaurants and other venues across the country that now have fewer or no pandemic-related capacity restrictions. The Institute for...

High housing costs, limited childcare, hurt Bozeman economy

May. 29, 2021 10:32 AM EDT

BOZEMAN, Mont. (AP) — Annekje Thompson’s stint in Bozeman only lasted a year. The now 19-year-old moved to town from Roundup in April 2020 to work on a farm. That job came with housing, and she was later able to rent a room in a house while working two jobs, one at a...

Little change in Pennsylvania jobless rate, payroll in April

May. 21, 2021 11:51 AM EDT

HARRISBURG, Pa. (AP) — Pennsylvania’s unemployment rate and payrolls remained virtually the same in April, according to state figures released Friday. The figures come out as employers report that they are struggling to find workers to hire. ...

ECB sees elevated risks to financial stability in Europe

May. 19, 2021 09:30 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank says risks to the stability of companies, banks and financial markets remain “elevated” due to the uneven impact of the pandemic on the economy, warning that the eventual removal of relief measures could lead to a surge in...

Consumer watchdog agency rediscovers its teeth under Biden

May. 10, 2021 16:38 PM EDT

NEW YORK (AP) — The nation's consumer watchdog is signaling a more aggressive approach toward the financial services sectors after a few years of being on a tight leash. Under President Biden, the Consumer Financial Protection Bureau has rescinded or scaled back a...

US services sector slows slightly in April after record high

May. 05, 2021 11:31 AM EDT

WASHINGTON (AP) — Activity in the U.S. services sector, where most Americans work, slowed slightly in April after hitting an all-time high in March. The Institute for Supply Management said its monthly survey of service industries showed a drop to a still high reading...

Beijing warns fintech firms against anti-monopoly behavior

Apr. 30, 2021 01:32 AM EDT

HONG KONG (AP) — Chinese financial regulators have summoned 13 companies engaged in online finance services, including Tencent and Bytedance, and told them to strengthen anti-monopoly measures. The regulators, which include the People’s Bank of China (PBOC) and...

Editorial Roundup: US

Apr. 29, 2021 12:32 PM EDT

Excerpts from recent editorials in the United States and abroad: ___ April 29 The Los Angeles Times on how Biden agenda makes up for decades of federal neglect: Three times already in his brief tenure,...

Televisa, Univision to jointly produce Spanish TV content

Apr. 13, 2021 23:46 PM EDT

MEXICO CITY (AP) — Grupo Televisa, Mexico’s largest television network, announced Tuesday it is joining with U.S. Spanish-language broadcaster Univision to form a third company that will produce content for both that will be the “definitive global leader in Spanish-language media.” ...

Asian stocks mixed after Wall St rally on economic optimism

Apr. 05, 2021 23:42 PM EDT

TOKYO (AP) — Asian shares were mixed Tuesday after a Wall Street rally that reflected some optimism about the economy recovering from the pandemic. Japan's benchmark Nikkei 225 lost early gains and fell nearly 0.2% to 30,038.44 in morning trading. South Korea's Kospi...