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New orders for U.S. manufactured durable goods fell by more than expected in the month of May, according to a report released by the Commerce Department on Monday. The report said durable goods orders tumbled by 1.1 percent in May after slumping by 0.9 percent in April. Economists had expected orders...

New orders for U.S. manufactured durable goods fell by more than expected in the month of May, according to a report released by the Commerce Department on Monday.

Bank of America Merrill Lynch has downgraded its outlook on U.S. gross domestic product in 2018 to 2.1 percent from an earlier forecast of 2.5 percent. "Hopes for a big fiscal stimulus have faded, prompting us to remove most of the fiscal impulse from our forecast for growth next year," Michelle Meyer,...

NewhomeSales-062317.jpg New home sales in the U.S. rebounded in May after a sharp pullback in the previous month, according to a report released by the Commerce Department on Friday. The Commerce Department said new home sales climbed by 2.9 percent to an annual rate of 610,000.

LeadingndicatorIndex-062217.jpg Reflecting widespread improvement, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose in line with economist estimates in the month of May. The Conference Board said its leading economic index climbed by 0.3 percent.

USjoblessclaims-062217.jpg First-time claims for U.S. unemployment benefits saw a modest increase in the week ended June 17th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims inched up to 241,000.

First-time claims for U.S. unemployment benefits saw a modest increase in the week ended June 17th, according to a report released by the Labor Department on Thursday.

ExistingHomeSales-062117.jpg After reporting a notable decrease in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Wednesday showing an unexpected rebound in existing home sales in the month of May. NAR said existing home sales climbed by 1.1 percent to an annual rate of 5.62 million.

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