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US core capital goods orders post biggest drop in a year

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New orders for key US-made capital goods unexpectedly fell in October after three straight months of hefty gains, but a sustained increase in shipments points to strong momentum in the economy as the year winds down.

Washington

NEW orders for key US-made capital goods unexpectedly fell in October after three straight months of hefty gains, but a sustained increase in shipments points to strong momentum in the economy as the year winds down.

The Commerce Department said on Wednesday that orders

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