Notable Consumers Boost Retail Sales in October
Consumers increased spending on trucks electronics and building supplies lifting retail sales 0.5 percent from September to October marking a fifth straight monthly gain. Separate reports show flat wholesale prices and higher Wal Mart spending while unemployment and weak pay raises could curb sustained growth and Europe faces potential recession impacting next year’s U.S. growth.
MENTIONED IN THIS ARTICLE
U.S
Wal-Mart
Europe
Commerce Department
Market Wrap: Dow Jones Gains 17.18 Points
Tuesday's trading shows the Dow up 17.18 to 12,096.16 while the Nasdaq rises 28 to 2,686.20 and the S&P 500 adds 6.03 to 1,257.81. Treasury yields steady at 3.10 percent with commodity moves in corn, soybeans, wheat, oil, gold, silver, and platinum.
MENTIONED IN THIS ARTICLE
Dow Industrials
S&p 500
Treasury
Chicago
Kansas City
New York
Europe economy stalls shrouding debt crisis risk
European growth stalled to 0.2 percent in July to September, excluding Italy and Greece, signaling possible recession. The EU’s lagging expansion raises borrowing costs across the bloc, with Italy and Greece under heavy debt pressure, and a weak world outlook if Europe slows further.
MENTIONED IN THIS ARTICLE
London
Europe
Italy
Greece
European Union
EU Statistics Agency
U.S
Asia
United States
China
Ferdinand Fichtner
German Economic Institute
DIW
Silvio Berlusconi
Berlusconi
Spain
France
U.S. Postal Service nears default amid $5.1B loss
The U.S. Postal Service reports a $5.1 billion loss for the year ending Sept. 30, driven by declining mail volumes and the digital shift. Postmaster General Patrick Donahoe urges Congress to act as a $5.5 billion retiree health payment nears its deadline, warning of imminent financial collapse and possible service halts if funds run out.
MENTIONED IN THIS ARTICLE
Washington
S. Postal Service
Patrick Donahoe
Congress
U.S. Treasury
Postal Service
Donahoe
FedEx
UPS
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Axel Ammel Melmand
Anne T. and
Robert M. Bass
Harvard University
The
American Union
Am Hall Center Conference Hall
Kansas Public Radio
National Endowment For the Humanities
J Hall
Center For the Humanities
Lawrence Originals
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Lawrencedeal Ls.com
Lan
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