WASHINGTON (Reuters) - New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of those goods also increased, suggesting a modest improvement in business spending on equipment early in the second quarter. Nonetheless, business investment on equipment continues to be hamstrung by higher borrowing costs. That, together with a strong dollar and weak global demand,...

WASHINGTON (Reuters) - New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of those goods also increased, suggesting a modest improvement in business spending on equipment early in the second quarter. Nonetheless, business investment on equipment continues to be hamstrung by higher borrowing costs. That, together with a strong dollar and weak global demand,...

12:12 PM EDT, 05/24/2024 (MT Newswires) -- US dollar losses broadened out and built further heading into the home stretch of North American trade on Friday with sales intensifying after University of Michigan inflation expectations were revised lower in the final May survey. Almost all G20 currencies rose against the US dollar with the sole exception being the Chinese renminbi...

11:09 AM EDT, 05/24/2024 (MT Newswires) -- The Kansas City Federal Reserve's monthly composite services index rose to a reading of 11 in May after increasing to 9 in April. A reading above zero indicates growth. The index indicates expansion in the sector which is in line with the S&P Global flash index but in contrast with the Philadelphia Fed...