- Feds ask judge to impose $6.5 million punishment for Cape surgeon (12/7/17)9
- Harbor Freight Tools plans to move ahead with Cape Girardeau store (12/5/17)2
- Light and music show: Jackson family goes high-tech with Christmas display (12/11/17)
- Former Wimpy's Drive-In owner Freeman Lewis dies (12/9/17)2
- Makeover at the movies: Transformation complete inside Cape theater (12/8/17)4
- Sugarfire Cape barbecue restaurant to open June 2018 (12/7/17)
- Jury convicts Scott City man who confessed to murder; girlfriend's testimony corroborates confession (12/9/17)
- Pedestrian struck on Broadway (12/11/17)4
- Business Notebook: Yule Log Cabin gets home feel honestly (12/4/17)
- Fruitland Army veteran spends weeks helping in ravaged Puerto Rico (12/5/17)2
Goods orders up 2 percent
WASHINGTON -- Orders to U.S. factories for costly goods rose a bigger-than-expected 2 percent in December while a key gauge of consumer confidence improved in January for a second straight month. The reports suggested better days may be ahead for the battered economy.
The New York-based Conference Board reported Tuesday that its Consumer Confidence Index rose to 97.3 in January. The surprisingly strong gain followed an increase in December to 94.6.
"While the economy has not turned around yet, the worst may well be over," said Conference Board research director Lynn Franco.
The Commerce Department said the December rebound in orders for durable goods, items expected to last at least three years, followed a steep 6 percent decline in November.
The gain in orders was better than the 1.5 percent increase many analysts had been expecting.