Receive Breaking News updates as they occur
New orders for U.S. manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business spending downturn was starting to ease. The economic outlook also was boosted by another report on Thursday showing an unexpected drop in the number of Americans filing for unemployment benefits last week, indicating sustained labor market strength. Together, the data support the view that the Federal Reserve will raise interest rates in December.
PESCARA DEL TRONO, Italy (AP) — Aftershocks in central Italy rattled residents and rescue workers alike Thursday, as crews worked to find more earthquake survivors and the country anguished over its repeated failure to protect ancient towns and modern cities from seismic catastrophes.