US retail sales rise 1.1 percent in September aided by autos and iPhone 5
U.S. retail spending climbed 1.1 percent in September to about 412.9 billion as auto sales surged and iPhone 5 shipments boosted electronics. Gas and food sales rose, while ex autos and gas sales gained 0.9 percent. Economists caution gains may ease without policy action.
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Commerce Department
James Marple
Paul Dales
U.S
Capital Economics
Conference Board
University of Michigan
Citi wary on housing rebound after rivals signal turnaround
Citigroup cautions the housing market may not have turned the corner despite Wells Fargo and JPMorgan calling a bottom. CFO John Gerspach warns of ongoing challenges amid election and budget uncertainties while mortgage originations lag Citi’s rivals.
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Citigroup
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Jpmorgan Chase
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Gerspach
Jpmorgan
Jamie Dimon
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Jpmor
Privatized Medicare study shows premium rises nationwide
A Kaiser Family Foundation analysis finds nearly six in ten seniors would face higher premiums under a privatized Medicare plan with regional disparities. In Florida premiums could rise by over 200 dollars per month on average, while Nevada could see at least 100 dollars more for half of seniors.
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Kaiser Family Foundation
Mitt Romney
Wisconsin
Paul Ryan
Barack Obama
Romney
Florida
Kaiser
Nevada
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