China's services activity plunges as new coronavirus wipes sales [CNBC]
Community Financial System, Inc. (CBU)
Last community financial system, inc. earnings: 4/20 06:45 am
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Source: CNBC
Cooks wearing hazardous material suits prepare lunch for workers at a garment factory, the Zhejiang Ugly Duck Industry in Wenzhou on February 28, 2020. Noel Celis | AFP | Getty Images 's The sharp correction suggests more urgent action is needed to support the sector, which includes many small retailers that are vulnerable to the coronavirus crisis that flared in late January. "Stagnating consumption amid the coronavirus epidemic has had a great impact on the service sector," Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, wrote in afficial survey last week, which also showed the activity falling at a record pace. Beijing needs a robust services sector to cushion a prolonged slowdown in manufacturing and investment and create jobs for workers laid off in other areas. President Xi Jinping recently affirmed the country's determination to meet unspecified pre-set economic targets this year but analysts at Nomura say high frequency data suggests output in the first
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CBU
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- 10/22/24 - Miss
CBU
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- 11/14/24 - Form 13F-HR
- 11/12/24 - Form 8-K
- CBU's page on the SEC website