New factory orders for manufactured goods climbed 0.5% in October, the Commerce Department said yesterday. The factory order increase, a $2.309 billion rise to $423.5 billion, contrasted the unchanged level projected by IFR Markets and came after a revised 0.3% increase to $421.2 billion in September, originally reported as a 0.2% rise to $420.7 billion.Excluding transportation, the level of all new manufacturing orders rose 0.6% to about $361.3 billion in October, following a 1.6% rise in September to $358.4 billion. The increase compared to a 0.3% decrease projected by IFR.Excluding defense, new orders rose 0.3% to $412.5 billion, following a 1.2% increase to $411.1 billion in September.New orders for durable goods slid 0.2% to $215.0 billion in October, while orders for non-durable goods rose 1.3% to $208.5 billion.Inventories increased 0.1% to $520.0 billion, while the inventory-to-shipment ratio fell to 1.23 from 1.24 in September.
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The bonds refunded of two earlier series of student fee bonds: the taxable Series Z-2 Build America Bonds, and the tax-exempt Series BB-1 bonds.
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LSEG Lipper reported fund inflows of $447 million while high-yield muni bond funds saw another round of inflows at $246 million, marking the 12th consecutive week of positive flows in that space.
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Hawaii Gov. Josh Green outlined the state's plan to permanently house everyone displaced by the fire — and how he plans to pay for it during a media briefing.
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D.C. promises $515 million in improvements to its existing downtown arena.
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A bond-financed purchase of the Stanley Hotel in Estes Park, Colorado, which served as an inspiration for Stephen King's The Shining, is being pursued by the Colorado Educational and Cultural Facilities Authority.
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In a recently released survey by the Citizens Budget Commission, New Yorkers said they are feeling much less safe, with only 37% rating public safety in their neighborhood as excellent or good, down from 50% in 2017.
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