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The Thrill Is Gone … from Bidenomics. July durable goods [blue] new orders plummet, recording the worst month since C19 in April 2020. Durable goods fell on a MoM basis by -5.2%, versus -4% consensus estimate. Durable goods ex-transportation [orange] still rose on a MoM basis by +0.5%, perhaps highlighting the weakness in durable goods orders. Ex-transportation, durable goods order rose slighlty in July by 0.5%. But according to The Fed of St Louis, durable goods new orders were down -15.525% from June to July (MoM) while M2 Money printing growth rose 12.7% MoM. The KC Fed’s symosium in Jackson...

Today’s news on employment and durable goods orders was not welcome news for the housing and commercial real estate markets. Problem: flat-lined employment to population ratio and the declining labor force participation. employment_population_ratio The initial jobless claims supports this depressing reality. According to the Department of Labor, “In the week ending July 20, the advance figure for seasonally adjusted initial claims was 343,000, an increase of 7,000 from the previous week’s revised figure of 336,000. The 4-week moving average was 345,250, a decrease of 1,250 from the previous week’s revised average of 346,500. The previous week was revised up from...

WASHINGTON (MarketWatch) — Orders for U.S. durable goods fell slightly in August as demand shrank for motor vehicles and certain large defense goods, the government reported Wednesday. Bookings for U.S.-made products designed to last at least three years dipped 0.1% in August after a 4.1% gain in July, the Commerce Department said. Economists surveyed by MarketWatch had expected orders to rise by 0.4%.

WASHINGTON (MarketWatch) — Orders for U.S. durable goods jumped 4.0% in July, mainly because of higher demand for autos and commercial aircraft, the government reported Wednesday. Yet orders for most other durable goods fell, reflecting continued softness in broad swaths of the U.S. economy. Economists surveyed by MarketWatch had expected orders for U.S.-made products designed to last at least three years to rise by 2.5%.

WASHINGTON (MarketWatch) — Weaker orders for airplanes and automobiles translated into a steeper-than-forecast 2.1% decline in durable-goods orders in June, the Commerce Department estimated Wednesday. for durable-goods orders, raising fears that manufacturing is running out of steam after leading a tepid recovery over the past two years. Without a strong manufacturing sector, it is hard to see how forecasts of a strong second-half recovery can be realized. The decline was a surprise to even the closest observers. Economists surveyed by MarketWatch had been forecasting a flat reading.

WASHINGTON (MarketWatch) — Orders for long-lasting U.S. goods bounced back in March, spurred by higher demand for transportation equipment, computers and defense-related products. The Commerce Department on Wednesday said orders for U.S.-made products expected to last at least three years climbed 2.5% in March. The data for February was also revised to show a 0.7% increase instead of an originally reported decline. Orders have risen three straight months. Economists surveyed by MarketWatch had expected orders to rise by 3.0%. Orders for transportation equipment such jets and airplanes jumped 5.9% last month to $54.7 billion after a small increase in February....

Scientists successfully store "e=mc2 1905" on DNA of living matterFebruary 27, 2007 (Computerworld) -- A Japanese university announced scientists there have developed a new technology that uses bacteria DNA as a medium for storing data long-term, even for thousands of years. Keio University Institute for Advanced Biosciences and Keio University Shonan Fujisawa Campus announced the development of the new technology, which creates an artificial DNA that carries up to more than 100 bits of data within the genome sequence, according to the JCN Newswire. The universities said they successfully encoded "e= mc2 1905!" -- Einstein's theory of relativity and the...

ECONOMIC REPORT Durable goods orders soar 6.1% in March Aircraft orders up 71%; demand strong across the board By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) -- Orders for new U.S.-made durable goods increased 6.1% in March, led by strong demand for airplanes, machinery and electronics, the Commerce Department said Wednesday. The increase in new orders was the largest since May 2005 and far exceeded the 2.1% gain expected by economists surveyed by MarketWatch. See Economic Calendar. The stronger-than-expected report helped send bond prices falling again, with yields rising to the highest level in four years. See Bond Report. Orders rose an...

WASHINGTON - White House ally Ken Mehlman assumed control of the Republican Party on Wednesday, crowing over GOP successes in November with a pledge "to cement these victories into a durable Republican majority." Mehlman, a longtime GOP operative who managed President Bush (news - web sites)'s re-election bid, said voters gave the president and his party a sweeping mandate. Addressing the Republican National Committee (news - web sites) on the eve of Bush's inaugural, Mehlman took a thinly veiled shot at former Bush rival John Kerry (news - web sites). "Given the choice between freedom and fear, between paying any...

<p>May 26 (Bloomberg) -- U.S. orders for durable goods fell 2.9 percent in April after two consecutive gains, still keeping demand at a level that supports growth in manufacturing, a government report showed. A drop in bookings for commercial aircraft and automobiles led the decline.</p>