Latest Service sector performance News

How to be a 5-star traveler this holiday season

Nov. 19, 2021 08:56 AM EST

If you skipped holiday travel last year (or haven’t traveled at all during the pandemic), your travel skills might be rusty. Plus, some travel etiquette has changed. Recent history indicates that this holiday travel season will be challenging, as evidenced by chaos seen...

Defying inflation, Americans ramped up spending last month

Nov. 16, 2021 13:08 PM EST

WASHINGTON (AP) — Many Americans have taken a darker view of the economy as inflation has worsened. Yet so far, they appear no less willing to spend freely at retailers — an encouraging sign for the crucial holiday shopping season. Buoyed by solid hiring, healthy pay...

Beyond Meat Q3 sales fall short as US demand drops

Nov. 10, 2021 18:41 PM EST

Plant-based meat maker Beyond Meat reported lower-than-expected sales in the third quarter due to a slump in U.S. demand. Beyond Meat said its sales increased 12.7% to $106.4 million for the July-September period. That was lower than the $109 million Wall Street forecast,...

US service sector expands at record pace in October

Nov. 03, 2021 10:55 AM EDT

SILVER SPRING, Md. (AP) — The rate of expansion in the U.S. services sector, where most Americans work, hit a record high in October as demand remained strong even as supply chain problems persisted. The Institute for Supply Management reported Wednesday that its...

China's manufacturing slows for 2nd straight month in Oct

Nov. 01, 2021 04:15 AM EDT

BEIJING (AP) — China’s manufacturing activity contracted for a second straight month in October amid materials shortages and a widespread power crunch. China’s official manufacturing purchasing managers index dipped to 49.2 in October, according to data released by...

Workers near Zion homeless amid housing crunch, tourism bump

Oct. 17, 2021 08:04 AM EDT

VIRGIN , Utah (AP) — A hot wind whipped across the red sand just outside of Zion National Park where a woman and her dogs live in a 1970s camper because she can’t find housing in Springdale, where she works. After four years of working at Springdale’s Bit and Spur...

How major US stock indexes fared Tuesday

Oct. 05, 2021 16:34 PM EDT

Stocks are closing with solid gains on Wall Street Tuesday, erasing most of the previous day’s losses. The S&P 500 rose, with technology companies and banks leading the gains. The Dow Jones Industrial Average and Nasdaq also rose. Bond yields climbed higher and...

September expansion is 16th straight for US service sector

Oct. 05, 2021 11:58 AM EDT

SILVER SPRING, Md. (AP) — The U.S. services sector, where most Americans work, grew again in September even as supply chain troubles persisted. The Institute for Supply Management reported Tuesday that its monthly survey of service industries rose to a reading of 61.9,...

Asian shares slide after big-tech sell-off on Wall Street

Oct. 04, 2021 23:38 PM EDT

Shares have fallen in Asia after a broad slide on Wall Street led by technology companies. Tokyo’s Nikkei dropped 3%, while oil prices edged higher. China-U.S. tensions regained the spotlight after U.S. Trade Representative Katherine Tai said she...

Do we need humans for that job? Automation booms after COVID

Sep. 05, 2021 03:02 AM EDT

Ask for a roast beef sandwich at an Arby’s drive-thru east of Los Angeles and you may be talking to Tori — an artificially intelligent voice assistant that will take your order and send it to the line cooks. “It doesn’t call sick,” says Amir Siddiqi, whose...