AI Video Startup Runway Valued at $3 Billion in Funding Round

Published on April 3, 2025

Runway AI Inc. has raised $308 million in a new round of funding that more than doubles the company’s valuation — a sign of investor enthusiasm for startups building artificial intelligence software that can generate videos.

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S&P Global Services PMI: Growth Picked Up in March

April 3, 2025
The March U.S. Services Purchasing Managers' Index (PMI) from S&P Global came in at 54.4, just above the 54.3 forecast. The reading marks the 26th consecutive month of expansion and the fastest growth of the year so far.

ISM Services PMI: Lowest Reading Since June

April 3, 2025
The Institute for Supply Management (ISM) released its March Services Purchasing Managers' Index (PMI), with the headline composite index at 50.8—below the forecast of 53.0. This marks the ninth consecutive month of expansion but the slowest growth since June 2024.