New orders for manufactured durable goods decreased $19.9 billion or 6.3% in April to $296.3 billion, the U.S. Census Bureau said in its most recent advance report. The decline followed a 7.6% March increase. Excluding transportation, new orders increased 0.2%. Excluding defense, new orders decreased 7.5%. Transportation equipment led the decline, down $20.3 billion or 17.1% to $98.8 billion
ABA, banking groups warn revised Clarity Act fails to protect community banks
Proposed language in the Clarity Act giving regulators a short time frame to decide whether to close the stablecoin payment-of-interest loophole is no safeguard against the deposit flight that would harm many community banks, ABA and a coalition...









