Inflation Up Yet Economy Stays Strong Amid Growth
Inflation rose 0.5 percent in July driven by gasoline and energy costs while core prices gained 0.1 percent. Housing remains buoyant with 2.042 million new homes and apartments started, slight July decline from June but eight of ten months above 2 million. Manufacturing also edged up 0.1 percent, offset by hurricane disruptions in Gulf oil output.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Federal Reserve
Gulf
Mark Zandi
Economy.com
Offshore lease sale draws 422 bids for 346 tracts
In a Gulf of Mexico auction near Texas and western Louisiana, 51 exploration firms submitted 422 bids on 346 offshore tracts as oil prices hover in the mid 60s and natural gas nears $10 per MBtu. MMS notes bids align with last year’s volume while warning the leases need years to develop.
MENTIONED IN THIS ARTICLE
New Orleans
Texas
Louisiana
Federal Minerals Management Service
Gulf of Mexico
Daryl Fagot
MMS
Fagot
Gulf Shelf
Western Gulf
Wal-Mart struggles as high fuel costs bite sales
Wal-Mart Stores Inc reports a subdued second quarter with lower revenue against projections and warns earnings may fall if gasoline prices stay high. In contrast J.C. Penney posts strong profits and optimistic guidance driven by broad merchandise demand, though Penney cautions costs could rise if fuel remains expensive.
MENTIONED IN THIS ARTICLE
New York
Wal-Mart Stores Inc
J.C. Penney Co. Inc
Penney
Wal-Mart
Wall Street
Target Corp
J.C. Penney’s
Also Mentioned on This Page
THE
Associated Press
Department of Commerce
Accent Granite & Marble
Tuh
Andy Lasater
Clay Hicks
Coors Rd
Jose A. Porra Bi
Lth Marines
1St Marine Division
Pendelton
California
Calles
Your
Laiza K. Porras
Motier
M Daughters
Metabolic Research Center
Jeanne
Yvonne
Metabolic
W. Wadley
Avenega Ste
Midland
E. 8Th Street
Bras Orig
Larry Levine
Briggs
Studio Works
Dina K
LaVita Orig
Snerrma
Orig
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!