New orders for manufactured goods rose 0.4 percent in July to $482 billion, the Commerce Department said today. The increase followed a 2.2 percent increase in June. Shipments fell 0.2 to $483.6 billion. Inventories decreased slightly to $651.2 billion, down 0.1 percent.
Former comptrollers warn against state erosion of federal banking powers
States are increasingly seeking to regulate activities that have historically fallen within the domain of federal supervision, and that threatens the regulatory clarity the nation's dual banking system has long provided, two former comptrollers of the currency write...








