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Core inflation drops for first time since 1982

Core inflation drops for first time since 1982

Consumer prices rose less than expected in January while prices excluding food and energy actually fell, something that hasn't happened in more than a quarter-century.

 

Data on industry output, home building boost hopes

Hopes that the economy can sustain its recovery drew support Wednesday from news that industrial ouput rose for a seventh straight month and home construction hit a six-month peak in January....

 

Chevron, BofA Push Stocks Higher

U.S. stocks gained, as rising commodity prices boosted energy stocks, concerns about European governments' debt loads eased and data showed a brightening outlook for New York area manufacturing.

 

Retail Sales Rise More Than Expected in January

Retail Sales Rise More Than Expected in January

Retail sales posted a better-than-expected increase in January, a welcome development that could mean stronger economic growth in coming months.

 

Jobless claims figures raise hopes for recovery

The number of newly laid-off workers seeking unemployment benefits fell more than expected last week to the lowest total in a month, a sign the job market may be improving.

 

January unemployment rate drops to 9.7%

January unemployment rate drops to 9.7%

The nation's unemployment rate tumbled unexpectedly to 9.7% in January, first time it's fallen below double digits since September, the Bureau of Labor Statistics reported Friday.

 

Solid sales gains for retailers in January

Solid sales gains for retailers in January

Sales increase 3.3% over a year earlier in a usually slow month. Notably, beleaguered Abercrombie & Fitch posts an 8% increase.

 

Service sector grows for first time since Sept.

Service sector grows for first time since Sept.

The economy's service sector grew in January for the first time since September while the pace of job losses moderated, a private trade group said Wednesday.

 

Data Hit Hopeful Notes for Economy

Data Hit Hopeful Notes for Economy

Most banks have stopped toughening their lending standards for consumers and businesses, and manufacturing activity is at the highest levels in five years—both further signs of a strengthening U.S. economy.

 

Personal incomes, consumer spending up in December

Personal incomes, consumer spending up in December

Personal incomes rose more than expected in December and consumer spending increased for the third straight month, helping the economy slowly recover from the worst recession in decades.

 

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