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Tag Archives: U.S. Economy

US retail sales rose in May despite slower hiring

WASHINGTON (AP) — U.S. shoppers increased their spending in May, a sign that consumers are undeterred by the recent slowdown in hiring. The Commerce Department said Tuesday retail sales rose a seasonally adjusted 0.5 percent last month, the second straight increase after a 1.3 percent gain in April. Retail sales appear to be improving after a weak start to 2016, ...

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Stock indexes fall yet again as British vote looms

NEW YORK (AP) — Stocks were declining for a sixth day Thursday as investors continued to brace for next week’s vote on whether Britain would remain a member of the European Union. Japanese stocks plunged 3 percent after the Bank of Japan decided not to increase its economic stimulus efforts. KEEPING SCORE: The Dow Jones industrial average fell 91 points, ...

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US wholesale stockpiles and sales break a losing streak

WASHINGTON (AP) — U.S. wholesale businesses increased their stockpiles and reported higher sales in March for the first time since September, the Commerce Department said Tuesday. Inventories held by wholesalers rose 0.1 in March from February. And sales rose 0.7 percent, the biggest monthly increase since April 2015. Rising oil prices played a role in snapping the losing streak in ...

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Texas, New Mexico oil producers push for import limits

ALBUQUERQUE, N.M. (AP) — Oil drilling companies and royalty owners from the Texas Panhandle to New Mexico’s stretch of the Permian Basin are embarking on a grass-roots campaign to limit foreign oil imports, salvaging what they say is a major sector of the U.S. economy. “American oil is competing against a cartel of government operators which has a stated initiative ...

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US factory output fell again in March

WASHINGTON (AP) — U.S. factory output dropped in March for the second straight month as manufacturers churned out fewer cars, metal parts and machinery. Factory production fell 0.3 percent, following a 0.1 percent drop in February, the Federal Reserve said Friday. The figures suggest that American manufacturers are still struggling with the triple whammy of weak overseas growth, the strong ...

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