Durable Goods and Capital Goods Orders better than Expected

Here's some positive economic news."Orders for durable goods, items meant to last three years or more, rose strongly last month after an upwardly revised 1.3% gain in June, the Commerce Department said. Analysts were expecting durables orders to remain unchanged from the...

Why a cow needs a flat-screen TV

"DES MOINES, Iowa (AP) -- When it comes to comfort, Kirk Christie's cows have it all -- a new barn, a flat-screen television and waterbeds....

Dow Jones Drops 500 Points

I don't know how much Dick Cheney's incident really has to do with this. China's market roller-coaster is the far more likely culprit."Stock tumbled across the board Tuesday, with the Dow industrials sinking more than 500 points at one point, after declining markets in China...

US Dollar Hit By Ugly Durable Goods And Consumer Confidence

Mixed US data out today. Bad US durable goods (-8.3% vs -5%), ugly US consumer confidence (102.9 vs 106 expected), positive US home sales (+0.5% vs -0.6%) and USD-supportive comments from Paulson. Today, US Treasury Secretary Henry Paulson reiterates that a strong dollar...