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Durable Goods Fall on Transportation

New orders for durable goods declined slightly in July after orders for transportation equipment slid, the U.S. Commerce Department reported today.

GM Quarterly Profit Rises

General Motors Co. today reported an improved quarterly profit on higher vehicle sales in its home North American market. The company also forecast strong results for 2023 but slightly below last year’s levels.

Ford Returns to Formula One

Ford Motor Co. said it is returning to the international Formula One race circuit starting in 2026.