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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Nov 25, 2015
Page
6
Washington reports the Standard & Poor's Case-Shiller 20-city index rose 5.5 percent from a year earlier, the fastest pace in 13 months, driven by scarce listings, steady job gains, and low mortgage rates. Home sales are rebounding toward their best level since 2007, up 3.9 percent over the past year.
At the same time the number of available homes has fallen 4.5 percent indicating the economy continues its gradual six year expansion from the recession depths. The brief notes a steady growth trajectory and tighter housing supply amid improving conditions.
Washington AP reports a drop in the consumer confidence index to 90.4 in November from 99.1 in October, the lowest since September 2014. The decline follows October job gains of 271,000 and a 5 percent unemployment rate, signaling ongoing hiring strength.
Washington AP reports the Commerce Department revised GDP growth to 2.1 percent for the July September quarter, up from 1.5 percent, driven by stronger restocking by businesses.
The report notes rising prices for specialty drugs including Clysso frorr ison Johnson and Harvoni, highlighting investor impact and financial strain. It cites aggressive pricing shifts and market responses as the industry adjusts to higher drug costs and profitability concerns.
The dollar weakened against the Japanese yen, euro, Swiss franc, and Canadian dollar while gaining modestly against the British pound, signaling tentative risk appetite and currency beta shifts in early trading.
The guidance from the National Retail Federation and the Texas Society of CPAs urges budgeting lists and set limits, price comparison, price matching, and consolidation of gifts. It also promotes thoughtful non monetary gestures, early planning, and year round shopping to ease December spending.
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