Dado Ruvic | ReutersShares of e-commerce platform Shopify plunged 9% in early trading on Tuesday after the company missed estimates on subscription gross profit and gross merchandise volume.Shopify reported...
EUR/USD trades little changed on Tuesday amid a cautious market mood as traders watch the US midterm elections. US-Iran developments also remain in focus, leaving the US Dollar (USD) without a clear direction.
Prior factory orders +0.1%Factory orders excluding transportation +0.5% vs +0.3% priorDurable goods orders revisions +1.9% vs +1.8% prelimDurable goods excluding transportation revisions +0.5% vs +0.5% prelimDurable goods excluding defense +2.3% vs +2.2% prelimNondefense capital goods orders excluding aircraft +0.6% vs +0.5% prelimThis is a decent report and shows some momentum in factories but it's overshadowed by a jump in the JOLTS number released at the same time. US yields are moving higher in the aftermath of both and USD/JPY is at the highs of the day at 158.37.For background, the US Census Bureau’s factory orders report, formally the full report on Manufacturers’ Shipments, Inventories and Orders, is released monthly at 10 am ET, about five weeks after the reference month ends. It arrives roughly a week after the advance durable goods report and expands on it by adding nondurable goods. The headline figure is the monthly change in total new orders for manufactured goods. Nondurables include petroleum and coal products, chemicals, food, paper and plastics. For most nondurable industries, orders are essentially equal to shipments because products aren’t built to order with a backlog. That means swings in oil and commodity prices feed straight into the nondurables figures, since refined petroleum products make up a large share. Markets also look at factory orders excluding transportation, which strips out the volatile aircraft and motor vehicle categories. The report includes revised durable goods data, which sometimes differ meaningfully from the advance estimates. Economists pay close attention to revisions to core capital goods orders and shipments, nondefense capital goods excluding aircraft. Shipments of those goods feed into the equipment investment component of GDP, and the revised figures can shift growth estimates. The release also covers manufacturers’ inventories, unfilled orders and the inventory-to-shipments ratio. These offer a read on whether factories are building or drawing down stock and how much work they have in the pipeline. Because most of the durables data are already known and nondurables largely track commodity prices, factory orders rarely move markets. Its value is in completing the manufacturing picture and providing the revisions that feed into GDP tracking.
Did you know search engines like Google are changing the way you see news? Keep Chalkbeat’s valuable education coverage at the top of your feeds by clicking here and checking the box next to our name.It’s one...
Palantir Technologies Inc., the AI-powered data and analytics platform that counts the U.S. military among its chief customers, issued a quarterly outlook that pointed to a potential slowdown in sales growth.
Trade relations between the United States and Africa have come under increasing pressure as Washington reassesses its economic and diplomatic ties with countries across the...
Google announced it will "entirely" turn off Google Search, along with Gemini, Gemini Notebook, and Gemini in Classroom for K-12 schools. "Access to these products will be entirely off for K-12 studen
Source: zimmytws / GettyAs if higher premiums weren’t bad enough, several insurance companies have announced they will pull out of the Affordable Care Act (ACA) marketplace. NBC News reports that Congress’s...
Voters in California are deciding whether to enact a tax on the state's wealthiest residents, following a campaign that has split traditional allies and shattered spending records for a tax-related measure in California.
DTN's Quick Takes 11/3/2026 | 8:35 AM CST (Illustration by Nick Scalise) OMAHA (DTN) -- Posted 08:30 -- December corn is down 3 1/2 cents per bushel, January soybeans are down 1 1/2 cents, December KC wheat is down 6 3/4 cents, December Chicago wheat is down 6 cents and December MIAX wheat is down 3 1/4 cents. The Dow
Healthcare workers and other supporters with the Billionaire Tax Now coalition hold placards during a media briefing in Los Angeles on April 27, 2026. Frederic J. Brown | Afp | Getty ImagesThe California...
HomeMarket OutlookToday's MarketSummaryA Democratic sweep in the midterms likely results in a policy stalemate, not drastic legislative changes, with limited impact on the S&P 500.Historical data shows...
The Federal Reserve conducts its Survey of Consumer Finances once every three years. It’s like the Olympics or World Cup for econ and finance nerds like me. The latest results were released a few weeks...
Meat processing firms in the UK have been hit by cyber-attacks after hackers raised the temperatures of supermarket freezers across Europe.The UK’s National Cyber Security Centre (NCSC) said it was working...
Shares tied to U.S. cryptocurrency exchanges, **Coinbase** and **Robinhood**, were both gaining in premarket trading ahead of the open. **Coinbase** was trading at $139.26 in premarket, up 1.04% from the previous day, while **Robinhood** rose 1.45% to $85.06. Expectations for related stocks appeared to be building after the U.S. **Commodity Futures Trading Commission (CFTC)** for the first time allowed **perpetual futures trading** based on individual stocks as the underlying asset.
Seniors across Long Island are navigating a choice that will determine their health coverage and costs in 2027: which Medicare plan to choose. Plans can vary widely in costs, benefits and doctor networks,...
In-brief analysis November 3, 2026 Data source: Kpler Note: 2Q2025=second quarter of 2025 Global crude oil refinery inputs fell by 4.8 million barrels per day (b/d) in the...
Financial markets and economists were of one mind that the Reserve Bank of Australia (RBA) would this week announce yet another rate hike, its fifth in this cycle, and they did. But it’s probably worth...
Bitcoin price trades near $77,500 as midterm voting begins, pressured by a record $6.3 billion Binance hack, ETF outflows, a Fed leaning toward a December hike and oil above $100 on Iran tensions.
To the editor: Columnist Veronique de Rugy’s assertion that billionaires are fairly compensating us will certainly come as news to the millions of Americans facing unaffordable housing, higher education,...