27 Aug
In the latest finance news, Bloomberg reports that U.S. Durable Goods Orders Show Sign of Cooling Economy. They say that Orders for U.S. durable goods increased less than forecast in July, a sign that one of the few remaining bright spots in the economy is cooling. Bookings increased 0.3 percent, compared with the 3 percent median estimate of 75 economists surveyed by Bloomberg News, figures from the Commerce Department showed today in Washington. Excluding transportation equipment, demand unexpectedly fell. Manufacturing is slowing after leading the U.S. out of the worst recession since the 1930s...
