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Tag Archives: Recession

Factory orders rose 2.8 percent in July

WASHINGTON — Orders to U.S. companies rose in July, reflecting a surge in demand for autos and commercial aircraft. But in a troubling sign of manufacturing weakness, a key orders category that tracks business investment plans fell by the largest ...

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Consumer spending rose 0.4 percent in July

WASHINGTON — Americans spent at the fastest pace in five months in July after earning a little more. The increase in income and consumer spending could help boost an economy mired in subpar growth. Consumer spending rose 0.4 percent in ...

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Drop in key U.S. durable goods orders shows weakness

WASHINGTON (AP) — Signs that U.S. manufacturing is faltering emerged from a report Friday that orders for long-lasting factory goods, excluding the volatile transportation category, fell in July for the fourth time in five months. Overall orders for durable goods ...

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Average on 30-year mortgage up to 3.66 percent

WASHINGTON — Average U.S. rates on fixed mortgages have risen for a fourth straight week, remaining slightly above record lows. Cheap mortgages have helped fuel a modest housing recovery this year. Mortgage buyer Freddie Mac says the rate on the ...

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Measure of economic activity rose 0.4 percent in July

WASHINGTON — A measure of future U.S. economic activity recovered in July following a sharp drop in June, providing further evidence of an economy that is regaining some momentum. The Conference Board said Friday that its index of leading economic ...

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Wal-Mart 2Q profit rises 5.7 pct, raises outlook

NEW YORK — Wal-Mart Stores Inc. reported a 5.7 percent increase in second-quarter net income and raised its outlook for the full year as the world’s largest retailer continues to woo back frugal shoppers by re-emphasizing it has the lowest ...

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Consumer prices steady, but drought could mean hikes

WASHINGTON — U.S. consumer prices were unchanged in July from June, as a small drop in energy costs offset slightly higher food prices. The consumer price index hasn’t increased since March, evidence that the weak economy is keeping inflation in ...

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