June 2019

US durable goods orders fall 1.3% in May with aircraft down

Orders to U.S. factories for long-lasting manufactured goods fell sharply in May while demand in a category that tracks business investment rose modestly. The Commerce Department said Wednesday that orders fell 1.3% in May following an even bigger 2.8% drop in May. That weakness reflected a sharp falloff in orders for commercial aircraft, a category […]

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Regulators Have Doubts About Facebook Cryptocurrency. So Do Its Partners.

The largest American cryptocurrency company, Coinbase, was one of Libra’s 27 initial partners. But when the partnership was announced internally, several Coinbase employees expressed concern about their company joining forces with a giant company like Facebook with a spotty record on issues that matter to cryptocurrency fans, like privacy, according to two company employees. A

Regulators Have Doubts About Facebook Cryptocurrency. So Do Its Partners. Read More »