U.S. retail and food services sales totaled $483.9 billion in September, an increase of 1.6 percent compared with August, according to the U.S. Census Bureau's recent report. Year-over-year core sales increased 4.6%.
The report also showed a notable rebound in sales by motor vehicle and parts dealers, which surged up by 3.6 percent in September after tumbling by 2.1 percent. As a standalone category, auto sales were up 3.6 percent for the month and 4 percent for the year.
USS Tucson, supersonic bomber deployed to South Korea
Navy units participating in the exercise include USS Stethem (DDG 63), USS Ronald Reagan (CVN 76), and USS Mustin (DDG 89). The nuclear-powered submarine is capable of carrying about 150 Tomahawk missiles, according to Yonhap.
Worth Watching Stock: Bank of America Corporation (NYSE:BAC)
It is negative, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. After this purchase, 85,650 common shares of BAC are directly owned by the insider, with total stake valued at $2,179,793.
1st Amendment Advocates Push Back on Trump's License Comment
Bloomberg News reports that defending the licenses cost the Washington Post more than $1 million and took over 2 years. Trump has been on a rampage since NBC News published a pair of reports about a meeting Trump had over the summer.
Americans increased their spending at retailers last month by the most in two and a half years, driven by strong auto sales as residents of hurricane-ravaged areas replaced destroyed cars. The nine-month total for gas stations is up 8.5% year over year, due largely to higher pump prices. Department stores posted a month-over-month sales decrease of 0.4% and a year-over-year decline of 0.5%. Non-store (internet) continued to eat the lunch of certain of those losing categories (especially electronics), with sales up 0.5 percent for the month and 9.2 percent for the year. The largest year-over-year gains came from gas stations (up 11.4%) and building material and garden equipment and supplies stores (up 10.7%). Sporting goods, hobby, book and music stores had a month-over-month sales decline of 0.2% and a year-over-year drop of 5.5%.