A revolution has occurred. Those with a view of major developed economies over the last roughly twenty years say it happened “quietly,” as the businesses of these economies began investing more in intangible assets—such as design, branding, research and development, and software—than in tangible assets, like machinery, buildings, and computers. 

Manufacturing index falls, revealing cautious optimism on economy and monetary policy.

Regulations could cost the U.S. economy $3.4 trillion.