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.
ABA, state bankers associations warn credit card rate cap would cause economic harm
A Senate bill to cap the annual percentage rate for credit cards at 10% would have a devastating effect on access to credit for individuals and small business owners who use their personal cards as a form of...