Commodities

US durable goods orders drop 1.3% in April

U.S. orders for big-ticket manufactured goods dropped unexpectedly in April for the first time in 11 months as a shortage of computer chips disrupted auto production.

Inflation posturing divides investors

Investors are positioning for the risk of higher inflation as the reopening of the U.S. economy gathers steam, but may not be prepared if the worst of the price increases has already run its course.

US goods trade deficit widens in March

The U.S. trade deficit rose to a record high in March due to strong domestic demand and government aid, while pandemic worries have also started to fade.