WASHINGTON — U.S. durable goods orders were exceedingly soft in October, possibly a signal of recession. Orders were down 0.4% in their third consecutive monthly drop. Excluding transportation, orders were off 0.7%, and excluding defense orders fell 0.9%, showing widespread weakness. Each of the latter two categories fell in two of the last three months, also confirming manufacturing slack. Boeing Co. reported 56 new orders, down from 132 in September, so it was no surprise that nondefense aircraft printed down 5.2%. But the breakdown away from aircraft was troubling.— Market News International
-
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
1h ago -
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
3h ago -
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
3h ago -
Photos from The Bond Buyer's Texas Public Finance conference.
3h ago -
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
5h ago -
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
7h ago