New orders for manufactured durable goods decreased $6.3 billion or 2.2% in December 2024 to $276.1 billion, the U.S. Census Bureau said in its most recent advance report. The drop followed a 2% decrease in November. Excluding transportation, new orders increased 0.3%. Excluding defense, new orders fell 2.4%. Transportation equipment drove the decrease, dropping $6.9 billion or 7.4% to $86.1 billion.
The CFPB in recent days has written to four states in support of proposed laws to prohibit credit reporting agencies from including information on medical debt in consumer reports.
The rate for a 30-year fixed-rate mortgage was 6.95% this week. The rate for a 15-year fixed-rate mortgage was 6.12%,
Pending home sales declined 5.5% in December 2024 from the prior month, the National Association of Realtors said. Year over year, pending transactions were down 5%
Real gross domestic product increased at an annual rate of 2.3% in the fourth quarter of 2024, according to the Commerce Department’s advance estimate.
A new survey by Webster Bank found that roughly half of C-suite executives polled said their businesses lost $10,000 to $500,000 to cyber fraud in the past two years, with another 11% reporting losses exceeding $1 million.
The Trump administration rescinded a memo directing federal agencies to pause distribution of grants and loans, with the reversal coming after a federal judge temporarily blocked implementation of the freeze. However, a federal judge has temporarily blocked implementation...
