Service sector performance

September 03, 2020 - 11:22 am
WASHINGTON (AP) — Growth in the U.S. services sector, where most Americans work, slowed in August after big rebounds in June and July, indicating lingering problems stemming from the coronavirus pandemic. The Institute for Supply Management reported Thursday that its index of activity in the...
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Cloud computing company Rackspace begins trading at the Nasdaq following its initial public offering, Wednesday, Aug. 5, 2020, in New York's Times Square. (AP Photo/Mark Lennihan)
August 05, 2020 - 4:26 pm
NEW YORK (AP) — Wall Street’s big rally keeps rolling, and the S&P 500 rose for a fourth straight day Wednesday to sit just 1.7% below its record. The S&P 500 climbed 21.26 points, or 0.6%, to 3,327.77, echoing gains for stocks across Europe and Asia. If the U.S. market has just a few more...
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Rachel Berry, in New York City since 2004, from Laurel, Maryland, sits in her living room decorated with her art, Monday, July 6, 2020, in New York. Before the coronavirus pandemic, Berry worked as a bartender and waited tables, jobs that gave her enough time to work on her creative pursuits. But as New York City tries to reopen, there's concern that jobs for the city's creative class are no longer readily available. (AP Photo/Bebeto Matthews)
July 15, 2020 - 1:13 am
NEW YORK (AP) — It’s been the story for many a starry-eyed creative type looking for a big break in the Big Apple — wait tables to pay the bills while auditioning, performing, singing, painting, dancing, writing, whatever it takes to make the dreams of success come true. But there’s been a plot...
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McCormick Cafe manager Charli Perry, left, looks over an order with server Jane Goodridge as the restaurant reopened Monday, May 4, 2020 in Billings, Mont. The state is slowly opening up its economy as some other states extend shutdowns prompted by the coronavirus. (AP Photo/Matthew Brown)
May 05, 2020 - 11:16 am
WASHINGTON (AP) — The U.S. service sector shrank for the first time in a decade last month as the pandemic forced shutdowns and layoffs nationwide. The Institute for Supply Management said Tuesday that its service-sector index fell to 41.8 in April, compared with a March reading of 52.5. Any...
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FILE - In this file photo taken on Thursday, March 26, 2020, Founder of Anderson Family Cafe Network Anastasia Tatulova, left, speaks to Russian President Vladimir Putin during a meeting with business owners and entrepreneurs at the Novo-Ogaryovo residence outside Moscow, Russia. With tears in her eyes, Anastasia Tatulova, who owns a chain of cafes for children, told Putin during a recent meeting with businessmen that a more tangible support is needed quickly. She urged the Kremlin to temporarily waive taxes instead of offering tax deferments and expand subsidies. Putin promised help, but Tatulova said that the federal authorities have stonewalled most of her proposals. (Alexei Druzhinin, Sputnik, Kremlin Pool Photo via AP)
April 27, 2020 - 4:16 am
MOSCOW (AP) — Desperate business owners in Russia have been pleading with the Kremlin for help in the pandemic shutdown. The response, however, has been slow and largely focused on big industries, leaving most smaller companies to fend for themselves and raising the prospect of massive unemployment...
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A cyclist passes a temporarily closed business due to the coronavirus outbreak displaying an sign thanking members of the medical profession in downtown San Antonio, Thursday, April 16, 2020. San Antonio remains under stay-at-home orders due to the COVID-19 outbreak. (AP Photo/Eric Gay)
April 16, 2020 - 6:09 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus. ________________________ SEATBELTS FASTENED: The U.S. is offering airlines a $25 billion...
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FILE - In this April 4, 2020, file photo, pedestrians pass closed stores on Roosevelt Avenue in the Queens borough of New York. The coronavirus crisis is upending service businesses, and the crisis may permanently change the way Americans work, shop and socialize, even after the disease fades away. (AP Photo/Frank Franklin II, File)
April 06, 2020 - 4:22 pm
WASHINGTON (AP) — For years, personal trainer Amanda Tikalsky didn’t have to worry much about her job. The U.S. economy’s record-breaking 11-year expansion offered security to service workers like her. Then came the coronavirus, which closed the Milwaukee athletic club where she worked for 15 years...
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FILE - In this Thursday, April 2, 2020 file photo, bagel shop manager Samantha Maddocks runs then lone shop still open in one walkway in the Pike Place Market in Seattle. Growth in the U.S. service sector slowed in March with a much bigger decline expected in coming months from all the shutdowns and job layoffs that have occurred because of efforts to contain the coronavirus. (AP Photo/Elaine Thompson, File)
April 03, 2020 - 11:41 am
WASHINGTON (AP) — Growth in the U.S. service sector slowed in March with a much bigger decline expected in coming months from all the shutdowns and job layoffs that have occurred because of efforts to contain the coronavirus. The Institute for Supply Management said Friday that its service-sector...
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Mark Carney, Governor of the Bank of England attends the Bank of England's Monetary Policy Report news conference in the City of London, Thursday Jan. 30, 2020. The Bank of England on Thursday opted against cutting interest rates after a run of fairly firm economic data in the past week eased fears about a dramatic slowdown in the British economy. (Jonathan Brady/Pool via AP)
February 19, 2020 - 5:36 am
LONDON (AP) — Consumer price inflation in Britain jumped higher in January, official figures showed Wednesday, undermining the case for the central bank to cut interest rates as it had been expected to do. The annual inflation rate rose to 1.8% from 1.3% in December, the national statistics agency...
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January 07, 2020 - 10:12 am
WASHINGTON (AP) — U.S. services companies grew more quickly in December than the previous month, a sign that the economy's steady expansion should continue. The Institute for Supply Management said Tuesday that its service-sector index rose to 55 from 53.9 in November. Any reading above 50 signals...
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