Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Orders for long-lasting U.S. manufactured goods rebounded more than expected in February and shipments snapped two straight months of declines, providing fresh signs the economy was shaking off some of its winter gloom.
The Commerce Department said on Wednesday durable goods orders rose 2.2 percent as demand increased almost across the board, ending two consecutive months of declines.
January orders of these goods, which range from toasters to aircraft and are meant to last three years or longer, were revised to show a slightly bigger 1.3 percent drop.
Economists polled by Reuters had expected orders to rebound 1.0 percent last month after a previously reported 1.0 percent drop in January.
The report joined other data such as industrial production, retail sales and employment in suggesting a pick-up in economic growth after an unusually harsh winter chilled activity at the end of 2013 and the beginning of this year.
First-quarter growth is expected to have slowed from the fourth-quarter's annualized 2.4 percent rate. Growth has also been held back as businesses work through a pile of unsold goods that was accumulated in the second half of 2013.
This means they have little appetite to place large orders with manufacturers, holding back factory production.
The durable goods report showed overall shipments increased 0.9 percent in February, snapping two straight months of declines. Unfilled orders also increased after being flat in January.
But there was a slight wrinkle in the otherwise upbeat report. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, unexpectedly fell 1.3 percent in February after rising by a revised 0.8 percent the prior month.
Economists had expected orders for these so-called core capital goods to increase 0.7 percent in February after a previously reported 1.5 percent advance in January.
Shipments of these goods, however, rose 0.5 percent last month. Shipments of core capital goods are used to calculate equipment spending in the government's gross domestic product measurement. They had declined 1.4 percent in January.