July 29 (Bloomberg) -- Orders for U.S. durable goods, excluding automobiles and aircraft, unexpectedly rose in June, signaling manufacturing may expand in the second half of the year.
Excluding transportation equipment, demand for goods meant to last several years climbed 1.1 percent, the most in four months, the Commerce Department said today in Washington. Total orders fell 2.5 percent, the first decrease in three months.
The durable-goods figures used to calculate economic growth indicate companies plan to boost investment in coming months, adding to evidence the worst recession in five decades is starting to ease. Caterpillar Inc. is among companies seeing steadier demand as government stimulus plans here and abroad start to kick in, signaling an economic recovery is in sight.
“The manufacturing recovery is happening now,” said Dean Maki, chief U.S. economist at Barclays Capital Inc. in New York, who predicted a gain in orders excluding transportation. Shipments of durable goods “are likely to grow in the third quarter, and that’s an important reason why we expect the overall economy will begin to grow.”
A large team of social scientists, psychologists and geriatric specialists affiliated with a host of institutions across the U.S. reports that women who remain optimistic…
A nationwide study of 196 cities shows that housing discrimination from 90 years ago still casts a historical shadow of inequities in colon cancer care…
New report highlights global strategies for accelerating AI in science and researchA comprehensive analysis of the integration of artificial intelligence in science and research across various countries addresses both the advancements made and the challenges faced…
techxplore.com/news/2024-03-highlights-global-strategies-ai-science.html
Amazon bets $150 billion on data centers required for AI boomAmazon.com Inc. plans to spend almost $150 billion in the coming 15 years on data centers, giving the cloud-computing giant the firepower to handle an…
techxplore.com/news/2024-03-amazon-billion-centers-required-ai.html
Responsible AI: Three tools to help businessesArtificial Intelligence (AI) is one of the most powerful tools developed in recent decades. And, as the saying goes, with great power comes great responsibility.
techxplore.com/news/2024-03-responsible-ai-tools-businesses.html
White House sets policies for federal AI use"Concrete safeguards" for government use of artificial intelligence were announced by the White House Thursday, as it vowed they would serve as a model for…
techxplore.com/news/2024-03-white-house-policies-federal-ai.html
Are schools that feature strong test scores highly effective, or do they mostly enroll students who are already well-prepared for success? A study co-authored by…