A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods spiked much more than expected in the month of November.The Commerce Department said durable goods orders surged up by 2.5 percent in November following a revised 0.1 percent uptick in October.Economists expected durable goods orders to jump by 1.6 percent compared to the 0.4 percent drop...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.