• Rising interest rates pinch U.S. auto sales, consumer confidence

    13 days ago - By Reuters

    U.S. auto sales rose slightly in October, hit by rising interest rates and higher vehicle prices, and No.2 carmaker Ford Motor Co. warned of slipping consumer confidence, indicating sales volumes would continue to moderate in 2018.
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  • US online spending set to rise 14.8% in 2018 holiday season

    13 days ago - By CNBC

    U.S. online spending during the holiday shopping season is likely to grow 14.8 percent this year to $124.1 billion, far outpacing the 2.7 percent growth predicted for brick-and-mortar locations.
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  • US auto sales rise as SUVs, trucks dominate

    13 days ago - By CNBC

    Top U.S. automakers reported another month of rises in sales of sports utility vehicles and pick-up trucks on Thursday as American consumers continued to shun sedans and hatchbacks.
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  • US average mortgage rates ease; 30-year at 4.83 percent

    13 days ago - By Chron

    WASHINGTON - Long-term U.S. mortgage rates declined this week, in a quiet pause after weeks of market anxiety over rising interest rates.
    Home borrowing rates still remain at their highest levels in more than seven years, dampening the outlook for prospective homebuyers. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages eased to an average 4.83 percent this week from 4.86 percent last week. A year ago, it stood at 3.94 percent.
    The average rate on 15-year, fixed-rate loans slipped to 4.23 percent this week from 4.29 percent last week.
    Anxiety over rising...
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  • Wall Street Gains Ground After Selloff, but Tech Falters as Apple Slips

    13 days ago - By NY Times

    U.S. stocks rose on Thursday, as robust earnings reports supported a third day of recovery from a bruising selloff in October, but a drop in Apple's shares ahead of results kept technology stocks under pressure.
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  • October was a bad month for Ford and a great one for Fiat Chrysler

    October was a bad month for Ford and a great one for Fiat Chrysler

    13 days ago - By Biz Journals

    October saw Ford Motor Co. total sales fall nearly fall nearly 4 percent from a year earlier, but over at Fiat Chrysler Automobiles, sales jumped 16 percent.
    Both companies announced results on Thursday morning.
    Ford reported total sales slipped to 192,616 last month from October 2017. Fiat Chrysler saw sales rise to 177,391 vehicles.
    Ford saw its truck sales fall nearly 5 percent while car sales dropped a whopping 17.1 percent. Those declines offset a 6.7 percent increase...
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  • Canadian Hotel Occupancy Up 2.3 Percent to 70.8 Percent For Week Ending 27 October 2018

    Canadian Hotel Occupancy Up 2.3 Percent to 70.8 Percent For Week Ending 27 October 2018

    13 days ago - By Hotel News Resource

    Revenue per available room up 5.7 Percent to CAD110.25
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  • Morning News: November 1, 2018

    13 days ago - By Crossing Wall Street

    The Fed Is Relaxing Banking Rules. What Goodies Are the Banks Getting?
    U. S. Workers See Fastest Wage Growth in a Decade, But Inflation Takes a Toll
    Private Sector Added 227,000 Jobs in October
    Trump's Budget Bet Piles Debt on Voters Promised a Pay Raise
    Royal Dutch Shell Sees Profits Jump as Oil Price Rises
    Why Apple Is Becoming a Major Obstacle to Facebook's Growth
    Did IBM Buy Red Hat At A Fair Price?
    HBO and Cinemax Aren't Available on Dish Network Due to a Dispute
    Quad Graphics Acquires LSC Communications In Consolidation Of The Top Two Magazine Printers
    Ford And Volkswagen Taking...
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  • 2018 Online Holiday Sales Will Jump Nearly 15%, Adobe Predicts

    13 days ago - By Fortune

    There could be a lot of elbow room at the local mall this holiday season as more and more people do their shopping online.
    Adobe predicts online sales will hit $124.1 billion during the 2018 holiday season , a new record and a 14.8% increase over the 2017 totals. Sales in traditional brick and mortar stores are expected to increase as well, but only 2.7%.
    The big winners, though, are stores that have a physical presence in addition to an online one. Those retailers are expected to see a conversion rate that's 28% higher than retailers who are solely online.
    "As online shopping surges with...
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  • China, the world's biggest soybean importer, cut shipments of the oils

    13 days ago - By AG Web

    China, the world's biggest soybean importer, cut shipments of the oilseed from the U.S. by more than 80 percent in September from a year earlier.
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  • Wall Street opens higher as strong earnings lift mood

    13 days ago - By Reuters

    U.S. stocks opened higher on Thursday, leaving behind a brutal October, as a slew of positive earnings reports helped boost risk sentiment.
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  • US productivity growth slows to 2.2 percent rate in Q3

    13 days ago - By Chron

    WASHINGTON - U.S. productivity grew at an annual rate of 2.2 percent in the third quarter, a slowdown from the previous quarter but still better than the lackluster gains of the last decade. Labor costs accelerated but remained at a low level.
    The rise in productivity in the July-September period followed a 3 percent rate of increase in the second quarter, which had been the strongest figure in three years. Labor costs rose at a 1.2 percent rate after having fallen at a 1 percent rate in the second quarter.
    Productivity, the amount of output per hour of work, has been weak throughout the...
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  • Fiat Chrysler U.S. October sales rise 15.7 percent

    13 days ago - By Reuters

    Fiat Chrysler Automobiles NV on Thursday reported a 15.7 percent rise in U.S. auto sales for October, helped by higher demand for its Jeep sport utility vehicles and Ram pick-up trucks.
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