July 29 (Bloomberg) -- Orders for U.S. durable goods, excluding automobiles and aircraft, unexpectedly rose in June, signaling manufacturing may expand in the second half of the year.
Excluding transportation equipment, demand for goods meant to last several years climbed 1.1 percent, the most in four months, the Commerce Department said today in Washington. Total orders fell 2.5 percent, the first decrease in three months.
The durable-goods figures used to calculate economic growth indicate companies plan to boost investment in coming months, adding to evidence the worst recession in five decades is starting to ease. Caterpillar Inc. is among companies seeing steadier demand as government stimulus plans here and abroad start to kick in, signaling an economic recovery is in sight.
“The manufacturing recovery is happening now,” said Dean Maki, chief U.S. economist at Barclays Capital Inc. in New York, who predicted a gain in orders excluding transportation. Shipments of durable goods “are likely to grow in the third quarter, and that’s an important reason why we expect the overall economy will begin to grow.”
In the past few months, many news publishers in the US have announced layoffs. Others have tweaked or abandoned their paywalls and pursued more open models.…
The Atlantic surf clam, an economically valuable species that is the main ingredient in clam chowder and fried clam strips, has returned to Virginia waters…
Cancer cells grow and spread by hiding from the body's immune system. Immunotherapy allows the immune system to find and attack hidden cancer cells, helping…
Alzheimer's disease (AD) currently afflicts nearly seven million people in the U.S. With this number expected to grow to nearly 13 million by 2050, the…
In a new study, a Johns Hopkins Medicine-led research team reports that social stress during adolescence in female mice later results in prolonged elevation of…