Business News

Retail Sales Up .... No Inflationary Pressure

August retail sales increased 0.6%.  This is a bounce back from a weak performance in July. August import and export prices were down 0.9%, showing no inflationary pressure. (Associated Press)

Darden Restaurants reported a quarterly loss of $19.3 million as same-restaurant sales fell 1.3% at its Olive Garden chain, which contributes about two-thirds to profits. The company has been reinventing itself over the last year as activist investors push for more profitability. (Reuters)

The over 124 million single Americans make up more than half of the adult population for the first time since figures were compiled. In 1976, it was 37.4% and has been trending upward since. Over 50% of those single are 16 years or older. (Bloomberg)

The good news is that Americans are saving more for college, but the average amount wouldn't come close to paying the bill.  The average college savings is now worth about $20,671. The average cost for a four-year public school, including room and board, is about $18,391 a year. (Associated Press)

Millennials are shying away from credit cards with than six in 10 people ages 18 to 29 not having even one in their wallets.  But their determination to say no to credit cards can shoot them in the foot because they're missing out on the chance to build their credit scores. (USA Today)

On Air Now

Mark Levin
Mark Levin
3:00pm - 6:00pm
Mark Levin



News Disclaimers