Durable-goods orders slump 2.1% in April and business investment almost dries up
May 24, 2019 at 08:31 AM EDT
Orders for durable or long-lasting goods fell 2.1% in April, largely because of falling demand for Boeing airplanes and new cars and trucks. Business investment also continued to weaken, reflecting worries about the China trade fight and a slower U.S. economy.