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• U.S. durable-goods orders unchanged in July, missing economists’ forecast
  The numbers: Orders at U.S. factories for long-lasting goods fell flat in July because...
  The numbers: Orders at U.S. factories for long-lasting goods fell flat in July because of a big drop military contracts, but a key weathervane of business investment rose in a somewhat positive sign the economy.
  
  Economists polled by the Wall Street Journal had forecast a 1% increase in orders for goods meant to last at least three years. These include cars, appliances, computers, and so forth.  More important, another measure of business spending rose 0.4% last month, the government said.
  
  These so-called core orders are viewed as a signal of whether the future path for businesses and the broader economy are good or bad. They strip out the volatile transportation sector as well as government spending on the military.
  
  Big picture: Manufacturers are feeling the brunt of rising interest rates and high inflation as customers scale back. And they also confronting ongoing shortages of supplies and labor that have hindered production for the past year and a half.
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• SPR oil stockpiles reach 37-year low
  Energy Department figures show that oil inventories in the Strategic Petroleum Reserve declined by 8.1...
  Energy Department figures show that oil inventories in the Strategic Petroleum Reserve declined by 8.1 million barrels to 453.1 million barrels last week, hitting the lowest level since January 1985. Sales mandated by Congress and President Joe Biden's plan to release 1 million barrels per day from the SPR over six months have contributed to the decline.
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• LNG tankers in high demand as trade patterns shift
  The liquefied natural gas tanker market is under strain as Europe's rush to secure natural gas supplies...
  The liquefied natural gas tanker market is under strain as Europe's rush to secure natural gas supplies before winter is heightening competition for ships, pushing LNG prices and daily rates to charter existing tankers higher. Traders are responding to the demand surge with $24.1 billion worth of orders for new LNG tankers placed so far this year, surpassing the 2021 full-year record of $15.6 billion, according to Stephen Gordon of shipping firm Clarkson.
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• ☕️What Else is Brewing Wednesday Morning
  Two men were convicted of conspiring to kidnap Michigan Gov. Gretchen Whitmer during the final stages of the heated presidential election in 2020. They could each face a life sentence in prison.
  
  Billionaire investor Julian Robertson, who founded the influential hedge fund Tiger Management, died at 90. Fund managers who were trained at Tiger and later went on to create their own firms are known as “Tiger Cubs.”
  
  US gas prices have now fallen for 70 days in a row, the second-longest streak of declines since 2005.
  
  Amazon will air Thursday Night Football games in bars and restaurants through a new deal with DirecTV.
  
  
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• Freeport LNG Development LP Delays Re-Start
  The Freeport liquefied natural gas terminal in Texas will begin initial production in early to mid-November,...
  The Freeport liquefied natural gas terminal in Texas will begin initial production in early to mid-November, according to a statement Tuesday. Freeport LNG Development LP had previously said it was targeting a restart in October. The announcement means more gas will be available for domestic use to add to storage ahead of the winter, weighing on prices.
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