Inflation quickens as gasoline fuels September price rise
U S inflation, measured by the consumer price index, rose 0.3 percent in September after a 0.2 percent gain in August, led by a 5.8 percent jump in gasoline. The 12 month CPI rose 1.5 percent, the fastest in nearly two years, raising odds of another Fed rate move.
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Ford slows truck production amid cooling U S demand
Ford Motor Co plans temporary idling of four North American assembly plants to align output with slowing U S demand after nine months show 13.1 million new vehicle sales up less than 1 percent from 2015. Competing automakers maintain current production.
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Solid earnings lift U S stocks with broad gains
Solid earnings from Netflix UnitedHealth Group and others boosted U S shares on Tuesday with health care leading gains. Energy materials and utilities rose as oil rebounded, while the Dow gained 75.54 points Nasdaq up 44.01.
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UnitedHealth Raises 2016 Profit Forecast on Strong Q3
UnitedHealth Group lifted its 2016 earnings outlook to about 8 per share after a 23 percent rise in profit to 2.0 billion in Q3. Operating earnings reached 2.1 billion for United Healthcare, enrollment grew to over 48 million, and Medicare Advantage membership rose 12 percent as the company expands beyond core insurance into pharmacy benefits and clinics.
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