U.S. consumer spending falls in July as savings rise
The Commerce Department reports a 0.1 percent drop in July consumer spending, the first decline since January, with inflation adjusted spending down 0.2 percent. Savings reach 739.1 billion dollars, the highest since December 2012, while core PCE remains modest at 0.1 percent month over month. The data suggest continued economic momentum in other sectors despite weak consumption.
MENTIONED IN THIS ARTICLE
U.S
Commerce Department
Federal Reserve
Fed
Florida entrepreneur expands Two Men and A Truck franchise
Jonathan Crain, a Florida resident and 2004 UCF finance graduate, quit his used car job in 2007 to start a Two Men and A Truck franchise. From initial operations with two trucks he now runs nine and leases a 10th, aiming for 1.8 million in revenue this year while employing about 30 movers and staff including his wife.
MENTIONED IN THIS ARTICLE
Crain
University of Central Florida
Florida
Lansing
Mich
Kelly Rogers
Orlando Sentinel
Jonathan Crain
Orlando
Fla
U.S. auto sales seen flat in August amid incentives
Analysts expect August U S auto sales near the prior year at about 1.5 million vehicles and a seasonally adjusted annual rate of 16.6 million. The month would mark the sixth straight above 16 million annualized pace, with rebates and cash back of 2700 to 3000 dollars per vehicle to clear lots for 2015 models.
MENTIONED IN THIS ARTICLE
U.S
Thomson Reuters
Kelley Blue Book
Templeton Rye to Add Indiana Origin to Labels
Templeton Rye Spirits plans label updates clarifying the whiskey's Indiana distillation origin while pursuing Iowa production. Company officials say current labels mislead about origin, and outline a timeline to build a Templeton distillery with first Iowa-made bottles possible by 2020 or 2021 after aging.
MENTIONED IN THIS ARTICLE
Iowa
Indiana
Templeton Rye Company
Scott Bush
Vern Underwood
Des Moines Register
Hoosier State
Bush
Underwood
Templeton
Templeton Rye
Templeton Rye Spirits, LLC
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Onathan Crain
Josh Hafner
Templeton Rye Spirits LLC
Templeton Rye Whiskey
Jhatner
Amreg.com
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