NEW YORK (AP) - Stocks are edging mostly higher on Wall Street after the government reported a surprisingly large increase in U.S. retail sales last month.
The pickup of 0.4 percent suggests shoppers weren't put off by the government shutdown in October. It was the biggest increase in four
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Consumers shrugged off the 16-day partial government shutdown and spent more on autos, clothing and furniture in October, boosting U.S. retail sales by the most in four months.
Sales rose 0.4 percent, up from a flat reading in September, the
NEW YORK (AP) - U.S. stock futures edged higher Wednesday after the government released surprisingly strong retail sales numbers for October.
Americans were apparently not spooked by the partial, 16-day government shutdown, as some economists had feared.
Dow Jones industrial futures rose 2 points
By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - J.C. Penney's loss widened in the third quarter, but the results released Wednesday showed its business is starting to stabilize heading into the critical holiday shopping season.
The struggling department store chain is trying to recover
MOORESVILE, N.C. (AP) - Lowe's third-quarter net income increased 26 percent and the home-improvement retailer raised its outlook for the year as it gets a lift from the housing market's ongoing recovery.
But its third quarter earnings and the new earnings outlook both came in short of Wall
By PABLO GORONDIAssociated Press
The price of oil remained above $93 a barrel Wednesday amid expectations U.S. crude stockpiles fell last week for the first time in nearly two months in a possible sign of improving demand.
By early afternoon in Europe, benchmark U.S. crude for December delivery was
By TOBY STERLINGAssociated Press
AMSTERDAM (AP) - Markets drifted Wednesday as investors awaited a run of U.S. economic data that could impact upon expectations of when the Federal Reserve will start to reduce its monetary stimulus.
Key will be inflation and retail sales data, as well as the
NEW YORK (AP) - Stocks are mostly lower on Wall Street as investors pick over another round of corporate earnings, this time from retailers including Best Buy and Home Depot.
The Dow Jones industrial average was moving between small gains and losses. It was down seven points at 15,969 as of noon
TUMWATER, Wash. (AP) - Washington state on Monday began accepting applications to grow, process and sell marijuana under its new legal pot law - and hundreds of people applied. The Department of Revenue said that by 2 p.m. it had received 299 completed online applications, and
By MAE ANDERSONAP Retail Writer
NEW YORK (AP) - Best Buy says it Is committed to "winning" the holiday season with price matching, doorbusters and deals as well as its earliest ever opening hours on Thanksgiving - even if that means profit pressure for the electronics retailer in the fourth quarter