The Institute for Supply Management (ISM) said its index of national factory activity fell to a six-month low of 57.7 points last month from 59.8 in September. A reading above 50 indicates growth in manufacturing, which accounts for about 12 percent of the U.S. economy.
Fitbit was hoping it would return to profit after many months of losses, and it turns out that faith was well-placed. The wearable maker earned a net profit of $10 million for the third quarter of 2018
With Apple’s latest iPhones and iPads packing Dialog chips, there will be continuity until next year’s launch cycle, securing overall revenues in 2019 on a similar level to this year’s expected $1.46 billion.