U.S. retail sales flatline in April

WASHINGTON — U.S. shoppers kept their spending in check in April, as modest wage growth over the past year keeps family budgets tight. The Commerce Department said Wednesday that retail sales were unchanged last month after rising 1.1 percent in ...

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Senate GOP readies revamp of Dodd-Frank rules

WASHINGTON — The top Republican on the Senate Banking Committee unveiled legislation Tuesday that would ease regulatory requirements on mid-size banks and give lenders the option for greater freedom from mortgage lending rules. The legislation by Alabama Sen. Richard Shelby ...

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Factory orders rise in March

Orders to U.S. factories rose in March for the first time since last July, breaking a long stretch of weakness in manufacturing. Orders increased 2.1 percent following seven monthly declines, the Commerce Department reported Monday. And in further good news, orders in a key category that tracks business investment plans eked out a 0.1 percent rise. It was the first advance in this category since last August.

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Fed no closer to rate hike

WASHINGTON — The Federal Reserve has downgraded its assessment of the economy after a winter in which growth nearly stopped. The Fed offered no sign that a rate increase might be coming soon. On a day when the government said ...

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