New orders for manufactured durable goods increased $3.7 billion in February to $277.9 billion, the U.S. Census Bureau said in its most recent advance report. The increase followed a 6.9% January decrease. Excluding transportation, new orders increased 0.5%. Excluding defense, new orders increased 2.2%. Transportation equipment led the increase, $2.9 billion or 3.3% to $90.4 billion.
Trump administration halts CFPB funding, activities
The new acting director of the CFPB has told the Federal Reserve to halt funding for the bureau and ordered staff to pause all activities. The announcement came after Elon Musk on X suggested the CFPB would be...