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Disappointment in Durables Leads to Worries of Prolonged U.S. Malaise

Demand for big-ticket U.S.-made goods plunged in May, as orders for metals, heavy machinery and even aircraft all skidded. The orders for so-called “durable” goods dropped by 2.8% last month – the biggest decline in four months, and far more than the 1% decline economists had projected. This report is considered a crucial indicator of […]

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