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We received mixed economic signals this week with the ISM Manufacturing PMI remaining in contraction in May after a brief, one-month, slightly expansionary reading in March, but weaker than May consensus expectations. The ISM Manufacturing PMI Employment Index improved in May, moving from contraction in April to slightly expanding in May. Factory orders, ...
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There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy. Customers of fintech firms that used Synapse to link up with banks had $265 million in balances, while the banks themselves only had $180 million associated ...
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