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Worst-Case Scenario: Firms wrestle with supply bottlenecks

Worst-Case Scenario: Firms wrestle with supply bottlenecks
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Solid U S factory orders, business spending on equipment point to enduring manufacturing strength

Solid U.S. factory orders, business spending on equipment point to enduring manufacturing strength FILE PHOTO: Autonomous robots assemble an X model SUV at the BMW manufacturing facility in Greer, South Carolina, U.S. November 4, 2019. REUTERS/Charles Mostoller August 3, 2021 By Lucia Mutikani WASHINGTON (Reuters) – New orders for U.S.-made goods increased more than expected in June, while business spending on equipment was solid, pointing to sustained strength in manufacturing even as spending is shifting away from goods to services. The Commerce Department said on Tuesday that factory orders rose 1.5% in June after advancing 2.3% in May. Economists polled by Reuters had forecast factory orders increasing 1.0%.

Calculated Risk

8/02/2021 12:12:00 PM Black Knight released their Mortgage Monitor report for June today. According to Black Knight, 4.37% of mortgage were delinquent in June, down from 4.73% of mortgages in May, and down from 7.59% in June 2020. Black Knight also reported that 0.27% of mortgages were in the foreclosure process, down from 0.36% a year ago. This gives a total of 5.01% delinquent or in foreclosure. Today, the Data & Analytics division of Black Knight, Inc. released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and public records datasets. Considering recently updated forbearance expiration timelines announced by FHFA, FHA, VA, and USDA, this month’s report looks at the impact of the many varying allowable forbearance periods. According to Black Knight Data & Analytics President Ben Graboske, due to the complexity of the expiration matrices across different agencies, the operational challenge mortgage servicers were alread

Wall Street Aims To Open Higher

Wall Street Aims To Open Higher
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