Philly Fed Manufacturing Unexpectedly Falls in May
May 16 (Bloomberg) -- Bloomberg's Scarlet Fu reports that manufacturing in the month of May for the Philadelphia region unexpectedly contracted for the first time in three months to minus 5.2 from 1.3 the prior month and also runs down the day's other economic data. She speaks on Bloomberg Television's "Market Makers."
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GM Accused of Using VW-Like Defeat Devices
00:25 - General Motors Co. was sued for allegedly putting defeat devices in its trucks to beat emissions tests, the sixth carmaker accused of diesel cheating since 2015, when Volkswagen AG admitted to installing software to bypass pollution rules. Bloomberg's Jamie Butters reports on "Bloomberg Markets." (Source: Bloomberg)