Durable Goods Orders – Business Insider Australia

News Oct. 13, 2020, 3:24 AM

A Wall Street chief strategist says the economy is not as bad as many think — and breaks down why he sees a strong recovery taking shape

Jim Paulsen, Leuthold chief investment strategist, told CNBC on Monday that the economy is recovering better than many think. “ We’re seeing behaviours by companies and consumers that are just not consistent with the national narrative that this economy is hanging by a thread,” Paulsen said. One of the bullish […]

Markets Aug. 26, 2020, 11:40 PM

US stocks hover near records as investors digest strong corporate earnings

US equities wavered near all-time highs as investors weighed healthy earnings results, positive economic data, and falling daily COVID-19 infections. Salesforce.com,Urban Outfitters, and HP Enterprise all gained after beating Wall Street estimates for quarterly profits. US durable goods orders gained 11.2% in July, according to the Census Bureau. The reading […]

Markets Apr. 25, 2020, 2:06 AM

US durable goods orders slump the most since 2014, weighed down by the coronavirus pandemic and cancelled Boeing orders

New orders for durable goods in March fell 14.4% after a 1.1% revised increase in February, according to a Friday report from the Commerce Department. Transportation equipment fell 41% in March, leading the report lower. That was led by a 300% drop in orders for non-defence aircrafts, likely due to […]