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Tag Archives: u.s. dollar

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 retail sales fall in March as Americans buy fewer cars

WASHINGTON (AP) — U.S. retail sales fell last month as Americans cut back on their car purchases, the latest sign that consumers are reluctant to spend freely. Sales at retail stores and restaurants fell by a seasonally adjusted 0.3 percent in March, the Commerce Department said Wednesday, following a flat reading in February and a drop in January. Americans have ...

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Household spending and home building fuel modest US growth

In this Wednesday, Feb. 3, 2016 photo, tourists from Taiwan carry shopping bags as they walk along Lincoln Road Mall, a pedestrian area featuring retail shops and restaurants in Miami Beach, Fla. On Friday, March 25, 2016, the Commerce Department issues the third and final estimate of how the U.S. economy performed in the October-December quarter. (AP Photo/Lynne Sladky)

WASHINGTON (AP) — Consumer spending and home construction are helping sustain modest U.S. economic growth despite problems caused by a strong dollar, low oil prices and an excess of business stockpiles. The economy, as measured by the gross domestic product, grew at a 1.4 percent annual rate in the October-December period, the government said Friday. That was better than the ...

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US factory output rises in January by most in 6 months

FILE - In this Sept. 3, 2015, file photo, a Boeing employee works on a horizontal stabilizer for a Boeing 787 Dreamliner, at Boeing in Salt Lake City. On Wednesday, Feb. 17, 2016, the Federal Reserve reports on industrial production for January. (AP Photo/Rick Bowmer, File)

WASHINGTON (AP) — U.S. factories cranked out more autos, furniture and food last month, boosting production by the most since July. Manufacturing output rose 0.5 percent in January, after falling in four of the previous five months, the Federal Reserve said Wednesday. Overall industrial production, which includes mining and utilities, added 0.9 percent, the biggest jump in 14 months. The ...

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Timing is everything: Obama’s budget same day as NH primary

obama

WASHINGTON (AP) — The main thing to know about President Barack Obama’s final, $4 trillion budget is that it comes on the same day as the New Hampshire primary, ensuring it gets minimal attention with all the focus on the White House contenders. The timing cements the impression that Obama realizes a Republican-led Congress is unlikely to embrace his spending ...

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US exports fell in 2015 for first time since recession

FILE - In this Friday, Jan. 29, 2016, file photo, an Icelandic cargo ship is loaded with containers in Portland, Maine. On Friday, Feb. 5, the Commerce Department reports on the U.S. trade gap for December. (AP Photo/Robert F. Bukaty, File)

WASHINGTON (AP) — The U.S. trade deficit rose in December as American exports fell for a third straight month, reflecting the pressures of a stronger dollar and spreading global weakness. Those factors contributed to the first annual drop in U.S. export sales since the Great Recession shrank global trade six years ago. The December deficit increased 2.7 percent to $43.4 ...

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Stocks edge lower in early trading following jobs report

Trading Floor at the New York Stock Exchange. (Image: Scott Beale / Laughingsquid.com via Flickr)

NEW YORK (AP) — Stocks moved moderately lower in early trading Friday after a report showed that U.S. job creation slowed last month. KEEPING SCORE: The Dow Jones industrial average lost 69 points, or 0.5 percent, to 16,343 as of 10:06 a.m. Eastern time. The Standard & Poor’s 500 index lost 14 points, or 0.8 percent, to 1,900 and the ...

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Asian stocks directionless ahead of US jobless report

HONG KONG (AP) — Asian stock markets were uneven on Friday as investors awaited U.S. job numbers that could influence how far the Fed raises interest rates this year. Japanese shares sagged on the strengthening yen. KEEPING SCORE: Japan’s benchmark Nikkei 225 index dropped 1.5 percent to 16,791.56 as the dollar weakened against the yen, hurting shares of the country’s ...

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American consumers showing more confidence in economy

FILE - In this Wednesday, Nov. 18, 2015, file photo, Alana Fusco, left, an employee at Gerald Peters, at the Staten Island Mall in New York, helps a customer choose a bracelet for her niece. On Tuesday, Jan. 26, 2016, the Conference Board releases the Consumer Confidence Index for January. (AP Photo/Kathy Willens, File)

WASHINGTON — A strong job market and low gasoline prices helped boost U.S. consumer confidence again this month. The Conference Board on Tuesday said that its consumer confidence index rose to 98.1 in January from 96.3 in December, the second straight monthly gain. The business research group said Americans were more confident about the future, though their assessment of current ...

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US factory orders rise in Oct., ending streak of declines

In this Oct. 22, 2014 photo, Jordan Peterson, of Bellefontaine, works on an Airstream travel trailer at the Airstream factory in Jackson Center, Ohio. U.S. factory orders rebounded in October 2015 after two prior monthly declines, helped by rising demand for aircraft, computers and machinery. (AP Photo/Jay LaPrete, File)

WASHINGTON — U.S. factory orders rebounded in October after two prior monthly declines, helped by rising demand for aircraft, computers and machinery. THE NUMBERS: Factory orders rose 1.5 percent in October, the Commerce Department said Thursday. This follows monthly declines of -0.8 percent in September and -2.1 percent in August. Factory orders have tumbled 7.1 percent year-to-date. KEY DRIVERS: Manufacturers ...

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