New orders for manufactured durable goods decreased $32.1 billion or 9.3% in June to $311.8 billion, the U.S. Census Bureau said in its most recent advance report. The increase followed a 16.5% May increase. Excluding transportation, new orders increased 0.2%. Excluding defense, new orders decreased 9.4%. Transportation equipment drove the decrease, $32.6 billion or 22.4% to $113 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.









