Durable-goods orders drop 1.3% in May, but business investment picks up in reassuring sign

Jeffry Bartash
Durable-goods orders drop 1.3% in May, but business investment picks up in reassuring sign

Orders for U.S. durable goods suffered over a canceled deal for Boeing’s troubled 737 Max jet. Yet business investment perked up in a reassuring sign amid a tense trade fight with China and signs of a slower U.S. economy.