General Dynamics ( GD ) reported an 18% rise in second-quarter revenue on Wednesday, helped by higher demand for its ammunitions and nuclear-powered submarines. Despite cost pressures owing to a reduced defense budget, U.S. defense firms continue to see strong demand for military equipment amid ongoing geopolitical conflicts. In the Aerospace segment, we are continuing to ramp up the pace...

WASHINGTON (Reuters) - Sales of new U.S. single-family homes fell to a seven-month low in June as higher mortgage rates and prices weighed on demand, further evidence that the housing market recovery faltered in the second quarter. New home sales slipped 0.6% to a seasonally adjusted annual rate of 617,000 units last month, the lowest level since November, the Commerce...

WASHINGTON (Reuters) - U.S. business activity climbed to a 27-month high in July, but firms appeared to have some difficulty sustaining higher prices for their goods and services amid resistance from consumers, offering a further boost to the inflation outlook. S&P Global said on Wednesday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors,...

WASHINGTON (Reuters) - The U.S. trade deficit in goods narrowed in June as exports rebounded, but trade likely remained a drag on economic growth in the second quarter. The goods trade gap contracted 2.5% to $96.8 billion, the Commerce Department's Census Bureau said on Wednesday. The deficit widened in the prior two months. The government is scheduled to publish its...