Fed sees slow expansion as Beige Book weighs on rate move
The Fed reports a gradual U S expansion with consumer spending rising and auto sales strong, but a firm dollar and low oil prices keep pressure on growth. Employment gains remain modest with wage growth mild yet rising in some districts, and auto, aerospace, and housing sectors driving activity. The Sept 16-17 meeting could hinge on upcoming payroll data and inflation signals.
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Central Bank
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Fed
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Dallas
Cleveland
Chicago
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Richmond
Hulu adds ad free streaming option at 11.99 a month
Hulu announces an 11.99 monthly tier for commercial free viewing. Current options include free with ads or 7.99 monthly for limited commercials, with existing subscribers able to upgrade for 4 more dollars. Amazon expands Dash instant order with new products for Prime users.
MENTIONED IN THIS ARTICLE
HULU
Amazon
Amazon Prime
After Deregulation Tobacco Farmers Reduced to 4268
The number of U S tobacco farms fell sharply since 1997 due to regulation shifts and international competition. Exports now account for over 63 percent of sales, with profits around 144 million on 1.9 billion in 2015, as many farmers exited or expanded through the Transition Payment Program.
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Congress
US. Department of Agriculture
U.S
Ibisworld
China
Russia
Blake Brown
North Carolina State University
Will McKitterick
UPP
Altria Group
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Lorillard
Ibis World
Cablevision shares surge on deal speculation
Cablevision stock rose over two days with Wednesday closing at 26.36 and Tuesday gains of 1.9 percent. Analysts say traders are pricing in a potential buyout by a competitor or investor, among rare S&P 500 gainers.
MENTIONED IN THIS ARTICLE
Cablevision
USA Snapshots by Yang and Gelles
USA TODAY offers brief portraits by Jae Yang and Karl Gelles capturing notable moments and people in American life. The column sketches trends, highlights, and human-interest angles with concise observations.
MENTIONED IN THIS ARTICLE
Jae Yang
Karl Gelles
USA Today
Oil prices rise as US stockpiles grow despite gains
Oil settled higher after a US government report showed commercial crude inventories rising by 4.7 million barrels last week, expanding stockpiles to 455.4 million and signaling ample supply despite a slower economy. WTI for October closed at 46.25, Brent at 50.50, as markets remained volatile.
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Federal Reserve
U.S. Energy Information Administration
West Texas
New York Mercantile Exchange
ICE Futures Europe Exchange
London
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U.S. Department of Agriculture
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Marketwatch.com
USA
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Source Bankrate.com
Patriot Energy
Permian Basin
West
Texas
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