Photo: A worker unpacks boxes of e-bikes at Rad Power Bikes in Seattle, Washington, on April 17, 2024. Photographer: David Ryder/Bloomberg. A worker unpacks boxes of e-bikes at Rad Power Bikes in Seattle, Washington, on April 17, 2024. Photographer: David Ryder/Bloomberg.

Orders placed with U.S. factories for business equipment rose modestly in March, indicating firms are cautious about demand prospects and tempering investment.

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