Business News

Not That Bad

The market continues its correction. But even with this correction the S&P 500 is essentially flat for the year. Not that bad. (Fox Business News)

The Commerce Department says business inventories increased 0.2%, the smallest rise since June 2013. Business sales fell 0.4% during the month, and at August's sales pace it would take 1.29 months for businesses to clear shelves, this is unchanged from July.

U.S. retail sales declined in September even when factoring out weakness at auto dealers and gasoline stations, providing a surprisingly cautionary sign for the strength of consumer demand. Total retail sales dropped 0.3% during the month, according to the Commerce Department. Drops in receipts at gasoline stations and auto dealers dragged on the reading.

Prices received by U.S. producers fell in September for the first time in over a year, a potentially worrisome sign for the economy in that inflation appears to be failing to gain traction.  U.S. producer prices slipped 0.1% last month, according to the Labor Department.

The US dollar has been getting stronger relative to other currencies recently. The dollar has risen steadily for over 11 weeks and that's the longest winning streak for the dollar since our currency became free floating in 1973. Rising dollar can affect your wallet. The strong dollar affects the price of crude oil driving prices of imports lower. If you're going to travel abroad or export goods your cost will be going up. (Market watch)

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