Business inventories in March came in at $2.54 trillion, down 0.1% from the month prior and up 0.6% from a year ago, the Commerce Department said today. Trade sales and manufacturers’ shipments were $1.86 trillion, down 0.1% from the month prior and up 2.1% from a year ago.
The rate for a 30-year fixed-rate mortgage was 6.24% this week. The rate for a 15-year fixed-rate mortgage was 5.49%.
The Treasury Department announced a joint effort with Mexico to target several Mexico-based gambling establishments involved in alleged cartel-related money laundering and other criminal activities.
The Financial Accounting Standards Board published an accounting standards update that improves the accounting for purchased loans, according to a statement from the standard-setting body.
The House voted in favor of a Senate deal to reopen the government, ending a shutdown that began on Oct. 1.
Federal law enforcement agencies announced the formation of an interagency “strike force” to target Southeast Asian cryptocurrency-related investment scams and confidence schemes.
The U.S. Mint held a ceremony where U.S. Treasurer Brandon Beach struck the final circulating penny, ending 232 years of penny production.
