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By Doug Palmer 35 minutes ago WASHINGTON (Reuters) - The U.S. trade deficit shrank unexpectedly in June as the weak U.S. dollar helped push exports higher and overpowered record high prices for imported oil, a Commerce Department report showed on Tuesda..
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27 minutes ago WASHINGTON (Reuters) - The U.S. trade deficit shrank unexpectedly in June, as the weak U.S. dollar helped push exports higher and overpowered the effect of record-high prices for imported oil, a Commerce Department report showed on Tuesda..
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2 hours, 10 minutes ago WASHINGTON (Reuters) - U.S. consumer credit expanded at the fastest rate in seven months in June as Americans turned to credit cards and consumer loans to maintain spending in the face of rising food and energy costs, a governmen..
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By Glenn Somerville 1 hour, 4 minutes ago WASHINGTON (Reuters) - Home sales contracts signed in June unexpectedly rose, boosting an index of pending sales to the highest level since October, though it was well below the year-ago level, a real estate tra..
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Investor's Business Daily Mon Aug 4, 6:52 PM ET Index: Job trends are weakening
The Conference Board's July employment trends index fell 0.9% to 112.1 after an upwardly revised 113.1 in June. The index, first released in June, has been in decline for t..
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By MARTIN CRUTSINGER, AP Economics Writer 15 minutes ago WASHINGTON - Consumer spending, after adjusting for inflation, fell in June as shoppers were hit with the biggest increase in prices in nearly three decades.
The Commerce Department reported Mond..
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25 minutes ago WASHINGTON (Reuters) - Consumer incomes rose at the lowest rate in over a year during June, the government reported on Monday, and inflation showed signs of accelerating.
Incomes barely edged up by 0.1 percent after rising 1.8 percent in..
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1 hour, 23 minutes ago NEW YORK (Reuters) - Factory activity was unchanged in July from June, but better than expectations for a contraction in the sector, while inflation pressures moderated, according to a report released on Friday.
The Institute for..
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29 minutes ago BOSTON (Reuters) - Fidelity Investments' flagship Magellan stock fund significantly boosted its holdings in June of insurer American International Group (AIG.N) and U.S. investment bank Goldman Sachs (GS.N), in a big reshuffle of its fina..
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57 minutes ago NEW YORK (Reuters) - Fannie Mae, the largest provider of funding for U.S. residential mortgages, on Wednesday said it grew its investment portfolio in June at the fastest annualized rate in nearly five years.
Fannie Mae's (FNM.N) mortgag..
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38 minutes ago NEW YORK (Reuters) - Private employers added 9,000 jobs in July, according to a private report by ADP Employer Services released on Wednesday.
In June, the private sector slashed 77,000, according to revised data. June was originally rep..
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1 hour, 30 minutes ago WASHINGTON (Reuters) - Sales of newly constructed U.S. single-family homes were stronger than expected in June, and inventories shrank to three-and-a-half-year low, a government report showed on Friday, providing a glimmer of hope..
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By MARTIN CRUTSINGER, AP Economics Writer 25 minutes ago WASHINGTON - Orders to factories for big-ticket manufactured goods such as cars, appliances and machinery rose at the fastest pace in four months in June, a much stronger showing than had been exp..
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by Roland Jackson Thu Jul 24, 7:58 AM ET LONDON (AFP) - Retail sales sank in June to record the largest monthly drop for 22 years, official data showed on Thursday, as consumers slashed spending amid an economic slowdown across the country.
Analysts wa..
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By ELLEN SIMON, AP Business Writer 1 hour, 9 minutes ago NEW YORK - Factories laying off workers, stocks tumbling and shoppers ditching their credit cards forced the economy to contract in June, a trend likely to continue in the second half of 2008, a p..
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By MARTIN CRUTSINGER, AP Economics Writer 6 minutes ago WASHINGTON - Construction of single-family homes fell in June to the slowest pace in 17 years although a change in New York laws helped give a big boost to apartment building.
The Commerce Departm..
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15 minutes ago WASHINGTON (Reuters) - Home building projects started in June surprisingly rose 9.1 percent due chiefly to a change in New York City building codes that, if it were ignored, would have seen starts decrease by 4.0 percent, a government rep..
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By MARTIN CRUTSINGER, AP Economics Writer 4 minutes ago WASHINGTON - Consumer prices shot up in June at the fastest pace in 26 years with two-thirds of the surge blamed on soaring energy prices.
The Labor Department reported that consumer prices jumped..
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2 minutes ago WASHINGTON (Reuters) - Consumer prices in June rose by the biggest amount since 1982 on a continued surge in gasoline prices, adding more weight to an economy struggling through a strained banking system and the worst housing downturn in d..
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By MARTIN CRUTSINGER, AP Economics Writer 37 minutes ago WASHINGTON - The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising..
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