Retail Sales Unexpectedly Rose in August, Lowering Chances of a Bigger Rate Cut

U.S. consumers unexpectedly increased spending in August, defying expectations that a softening labor market would dampen retail purchases. Retail sales rose 0.1% in August, Commerce Department data released Tuesday showed, after an upward revision to a 1.1% increase the previous month. While rising sales are unlikely to derail the Federal Reserve's plans to cut interest […]

Wholesale Inventories Rose in June, Soothing Recession Worries

U.S. wholesale inventories rose in June, driven by a second consecutive month of strong growth in auto and truck inventories. The Commerce Department said Thursday that wholesale inventories rose 0.2%, in line with economists’ expectations and the government’s preliminary estimate. Inventories increased 0.5% in May. Year-over-year wholesale inventories increased 0.1%. The economy grew at an […]

Justin Rose left ‘choking back tears’ after British Open run

TROON, Scotland — In the chill and twilight of a late Sunday afternoon in Scotland, Royal Troon’s 72nd hole putt disappeared from about 30 feet into the 18th hole for a stunning birdie finish. Justin Rose took off his hat and raised it high into the gray sky as fans filling the enormous stands on […]