The numbers: Orders at U.S. factories for long-lasting goods fell flat in July because of a big drop military contracts, but a key weathervane of business investment rose in a somewhat positive sign the economy.
Big picture: Manufacturers are feeling the brunt of rising interest rates and high inflation as customers scale back. And they also confronting ongoing shortages of supplies and labor that have hindered production for the past year and a half.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market Wrap: Crypto Assets Rise Following Soft Home Sales in JulyMARKET WRAP: Bitcoin and other cryptos rose thanks to soft July home sales data. Traders hope Fed Chair Jerome Powell will drop a clue Friday on how big the next rate hike will be. HeleneBraunn reports HeleneBraunn There's nothin like itt HeleneBraunn Please enlighten me on the metrics in which they do that. Not sure how one would even correlate that. HeleneBraunn Don't be a fool. It's going to be an extremely long crypto winter, unless fed makes money printer go brrrrrrrrr. Crypto good for trading only, because it is literally backed by nothing. Digital tulips.
Source: CoinDesk - 🏆 291. / 63 Read more »
Cooling housing market: Idaho, Colorado, Utah sellers drop prices in JulySellers across every major U.S. metro have dropped their asking prices in July as more buyers backed out of the market in part because of high mortgage rates.
Source: FoxBusiness - 🏆 458. / 53 Read more »