Demand for big-ticket manufactured goods fell for the third time in four months in May, suggesting that business investment remains subdued. New orders for durable goods-products such as computers and trucks designed to last at least three years-decreased a seasonally adjusted 1.8% in May from a month earlier.

Home price increases are pulling more borrowers above water, but the problem of borrowers owing more on their homes than they are worth could persist in some markets for years to come.

Americans spent freely in May after hunkering down during much of the winter, delivering a much-needed jolt to an economy that is starting to reap bigger benefits from sturdy job growth and depressed energy prices.

Much more is highlighted in this segment of the Reports and Announcements.