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Kansas City Fed Services Index Drops to -3 as Tenth District Services Contract
Current services activity turned negative in August after July’s jump, but year-over-year growth and six-month expectations remained positive.
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Economics Contributor
ActiveJohn Miller writes about economics as it is experienced—not only in data releases and policy announcements, but in borrowing costs, investment decisions, business conditions and household budgets.
His coverage follows the chain from cause to consequence. A change in interest rates can alter credit conditions; inflation can reshape purchasing power and expectations; employment and government policy can influence both market sentiment and everyday financial choices. John explains those connections without treating economics as a set of isolated textbook ideas.
At MarketReview, he contributes to articles that need more than a description of what happened. His role is to clarify why a trend may be developing, which incentives and constraints are driving it and how the effects can differ for investors, institutions and households. The result is economic analysis grounded in practical financial consequences.
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News, analysis and evergreen financial guides credited to this author.
Current services activity turned negative in August after July’s jump, but year-over-year growth and six-month expectations remained positive.
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Canada's economy grew 0.8% in the second quarter, or a 3.3% annualized pace, led by exports, household spending and business investment, helping the country avoid a technical recession.
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Uber has published the formal offer document for its planned takeover of Delivery Hero, opening a tender period through Nov. 5 and moving the German food-delivery company into the shareholder-acceptance phase of the deal.
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Energy-led goods exports pushed Canada's merchandise balance to a C$12.2 billion surplus, helping produce the largest current-account surplus since late 2005.
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Abercrombie & Fitch raised its fiscal 2026 earnings and sales outlook after record second-quarter revenue, with about $100 million of tariff refunds providing a large profit benefit.
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SoftwareOne reported CHF 818.3 million of first-half revenue, while combined like-for-like growth reached 11.6% at constant currency and the adjusted EBITDA margin rose to 24.9% as Crayon integration benefits came through.
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Germany’s economy expanded 0.3% in the second quarter, one-tenth of a percentage point more than first estimated, as stronger goods exports offset weak investment and subdued consumption.
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Arbutus is offering $5.00 to $5.75 a share and could retire 20.2% to 23.2% of its outstanding stock if the $230 million tender is fully subscribed.
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The Swiss-listed solar producer plans to issue 2,016,943 new shares to SMARTENERGY Group and offset the purchase price against a vendor loan, with the new stock expected to list in the fourth quarter.
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