New orders for manufactured durable goods increased $300 million or 0.1% in May to $283.1 billion, the U.S. Census Bureau said in its most recent advance report. The increase followed a 0.2% April increase. Excluding transportation, new orders decreased 0.1%. Excluding defense, new orders decreased 0.2. Transportation equipment led the increase, $500 million or 0.6% to $95.4 billion.
Banking agencies pledge more scrutiny of core provider business practices
The federal banking agencies pledged to step up oversight of third-party core providers whose business practices “unreasonably limit” community banks from conducting due diligence or from negotiating contract terms that address the banks’ business needs.









