Orders with U.S. factories for business equipment declined in April by the most in four months, signaling deepening fallout from the trade war with China even before the latest increase in tariffs. A proxy for business investment -- non-military capital goods orders excluding aircraft -- dropped a worse-than-forecast 0.9% from the prior month, after a downwardly revised 0.3% gain, according to Commerce Department figures Friday. The broader measure of bookings for all durable goods, or items meant to last at least three years, fell 2.1%, slightly below economist estimates, and March was revised lower. The decline in ... (full story)