The decline is the largest in almost two years, with new orders falling most sharply for commercial airplanes and military hardware.
Accelerating gas and food prices drove the U.S.'s producer price index up 0.5%.
A sputtering economy, a contraction in trade, and political uncertainty are having an impact on U.S. business investment, says the ELFF.
July was the first month since June 2014 that new-hire pay fell in both manufacturing and services.
The benchmark 10-year note hits a record low as investors seek a safe haven amid post-Brexit uncertainty over the global economy.
The $2.8 billion deal for the U.S. home ventilation equipment maker comes as the housing market shows signs of buoyancy.
The latest spending report suggests consumers are once again driving economic growth after a sluggish start to 2016.
The United Kingdom thrived as an EU member, and leaving will destabilize the economy and the country's finances, says S&P.
The surprising decline reflects uncertainty over the global economy that is likely to be magnified by the U.K.'s "Brexit" vote.
Britain's vote to leave the EU could put a dent in the Fed's plans to raise interest rates again this year.