U.S. durable goods orders climbed 1.7% in August, while excluding transportation orders were up 0.2%, the Commerce Department reported Thursday.
Economists polled by Thomson Reuters expected a 1.0% increase in orders and a 0.2% rise excluding transportation.
In July, orders fell an unrevised 6.8%, while excluding transportation sales rose 0.8%.
Excluding defense orders grew 2.2% in August after a 7.9% decrease in July.
The state House and Senate announced their spending plans for the upcoming biennium, including funding to continue and increase 2023's state-funded tax cut.
Issuance was led by a $2 billion retail pricing from the University of California in the negotiated market and a $1.2 billion competitive deal from Washington.
The Municipal Securities Rulemaking Board reported total net assets of $67 million for its fiscal year ended Sept. 30, 2024, up 14% from a year earlier.
Broker-dealer Siebert Williams Shank's foundation donated $100,000 to two organizations aiding Los Angeles-area residents affected by the wildfires.
President Trump's executive order calling for pausing funds flowing from the Infrastructure Investment and Jobs Act caught the transportation sector off guard.
There are eight municipal bond interval funds, three of which launched last year, promising fewer liquidity constraints and the potential for higher returns.
