US auto sales surge in May led by pickups
May auto sales rose 8 percent to 1.4 million, led by full size pickups. Ford F-Series rose 31 percent to 71,604, while GM and Chrysler posted double-digit gains. Hiring in auto and related sectors, low interest rates, and Memorial Day promotions boosted demand across fleets and retail buyers.
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U.S
Autodata Corp
Nissan
Chrysler
Ford
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Oil climbs in Europe as data fuels Fed delay bets
Oil rose above 93 a barrel in early European trade as weak U.S. manufacturing data and a looming May payrolls report shape expectations the Fed will delay tightening. Brent settled near 102.06 on the ICE while U.S. pump prices held at 3.62 per gallon, down slightly from a week ago.
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Jim Ritterbusch
Ritterbusch and Associates
Fed
Ritterbusch
Institute For Supply Management
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neigeaTh
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nBrd
ContMatis
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Pandora
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Namil
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Coms A
S&p
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Bad news makes the stock market happy
Investors welcomed weak May ISM data as it bolstered expectations for continued Fed stimulus. major averages rose despite a volatile session, led by Merck gains, while defensive sectors helped trim losses as yields fluctuated.
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New York
Federal Reserve
Wall Street
U.S
Fed
Standard & Poor
Alec Young
S&p Capital IQ
ISM
Young
Federal Reserve Bank of Atlanta
Dennis Lockhart
Bloomberg Television
Dow
Merck
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Wu Te & S
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