september quarter

WASHINGTON | US household wealth jumps $2T, led by rising stock market

WASHINGTON  — A stock market rally, which has since reversed, propelled U.S. household net worth to a record high of $109 trillion in the July-September quarter. The Federal Reserve says the value of Americans‘ stock and mutual fund holdings soared $1.2 trillion. Home values rose $200 billion. Other assets, such as bank accounts, also increased. … Continue reading WASHINGTON | US household wealth jumps $2T, led by rising stock market

WASHINGTON | US productivity up 2.3% in third quarter

WASHINGTON— U.S. productivity grew at an annual rate of 2.3% in the July-September quarter, slower than the previous quarter but still an improvement over the weak annual gains of the past decade. Labor costs rose at a modest pace in the third quarter. The third quarter gain in productivity was revised up slightly from an … Continue reading WASHINGTON | US productivity up 2.3% in third quarter

WASHINGTON | US industrial production ticks up 0.1 percent in October

WASHINGTON— U.S. industry expanded slightly in October, with manufacturing growth offsetting declines in mining and utility production. Industrial production ticked up a modest 0.1 percent, the fifth straight monthly gain, following a 0.2 percent advance in September and a sizable 0.8 percent advance in August, the Federal Reserve reported Friday. The Fed said that recent … Continue reading WASHINGTON | US industrial production ticks up 0.1 percent in October

BEIJING | Global shares mixed after Wall Street tumble

BEIJING — Global stock prices were mixed Monday after Wall Street extended its slide, fueling concern about the global market outlook. KEEPING SCORE: In early trading, London’s FTSE 100 rose 0.9 percent to 6,999.72 and Germany‘s DAX gained 0.4 percent to 11,253.50. France’s CAC 40 advanced 0.3 percent to 4,980.45. On Friday, the CAC 40 … Continue reading BEIJING | Global shares mixed after Wall Street tumble

US auto sales fell by 4 percent in the third quarter

Vehicle sales are slowing down despite a run on big SUVs. Major automakers said Tuesday that U.S. sales fell 7 percent in September and 4 percent for the June-through-September quarter, compared with the same periods last year. Weaker numbers for September and the third quarter wiped out a 1.8 percent gain during the first half … Continue reading US auto sales fell by 4 percent in the third quarter