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Nortwest Arkansas Democrat Gazette - National Business icon

Nortwest Arkansas Democrat Gazette - National Business

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Tags: businessnewseconomyusanational news

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Retail sales rose 0.8% last month
NEW YORK -- Shoppers showed their willingness to spend in September even after a better-than-expected splurge in August.

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IEA board approves release of diesel
PARIS -- The International Energy Agency agreed on Thursday to release over 20 million barrels of diesel to the market as soon as possible and any oil remaining from a record emergency reserves release pledged in March to help supply and cool soaring prices.

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Small imports rule change delayed to keep costs low before midterms
The U.S. government has delayed by 90 days the implementation of new customs requirements for small international mail shipments, a move that should forestall higher prices for imported prescription drugs and other products for inflation-weary Americans until after the November midterm elections.

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Indexes rise despite high inflation, AI stock worries
NEW YORK -- U.S. stock indexes muscled higher Thursday, led by companies delivering bigger profits. They pulled closer to their records even as stocks in the artificial intelligence industry kept swinging on worries about how much longer their boom will last.

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Consumer prices see biggest jump since December 2022
WASHINGTON -- Wholesale inflation rose more than expected last month on a big jump in fuel costs as rising prices become a bigger economic challenge for millions of Americans and a growing political problem for Republicans in the upcoming midterm elections.

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