July | featured news

Home prices rose in July in 20 major US cities

Housing Market

Home prices kept rising in July across the United States, buoyed by greater sales and fewer foreclosures. National home prices increased 1.2 percent in July, compared to the same month last year, according to the Standard & Poor's/Case Shiller index released Tuesday. That's the second straight year-over-year gain after two years without one.


US trade deficit grew slightly to $42B in July

The U.S. trade deficit grew to $42 billion in July, widened by fewer exports to Europe, India and Brazil that offset a steep decline in oil imports.


Cars, Planes Push Up Durable Goods

Orders for long-lasting goods posted the strongest gain of the year in July due to demand for cars and airplanes, though weakness continued outside the transportation sector.


Consumer inflation muted, supports more Fed easing

Consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest in more than 1-1/2 years, giving the Federal Reserve room for further monetary easing to tackle stubbornly high unemployment.


US retail sales rose solid 0.8 percent in July

Retail Sales

Americans boosted their spending at retail businesses in July by the largest amount in five months, a surge that could help lift the economy out from its slump. From cars, electronics and sporting goods to furniture, building supplies and garden equipment, every major category of spending rose last month. It was a heartening start to the second half of the year after consumers had reduced their retail spending in each month of the April-June quarter.


July burns up the records, becoming hottest U.S. month ever

July Hottest Month

July was the hottest month ever recorded in the United States, beating the previous record set in the 1930s Dust Bowl era, according to new data from the National Oceanic and Atmospheric Administration.


Consumer confidence rises in July

Consumer confidence unexpectedly rose in July as Americans were more optimistic about the short-term outlook than they were about their current conditions, according to a private sector report released on Tuesday.


Teen murder suspect says she's a vampire

Last week, police in Parker, Fla., claimed the people involved in the July murder of 16-year-old Jacob Hendershot may have been involved in a vampire cult. Now one of the suspects is confirming that information.


U.S. Businesses Post Most Job Openings In Three Years In July

Companies in July advertised the most jobs in three years, and layoffs declined – a bit of hope for a weak economy. Still, many employers are in no rush to fill openings. The Labor Department said Wednesday that employers increased their postings to 3.23 million from 3.17 million in June. That is the largest number of openings since August 2008. Typically, it takes anywhere from one to three months to fill an opening.


U.S. Consumer Spending Rallied in July

U.S. Consumer Spending Rallied in July

Spending rebounded strongly to post the largest increase in five months, the Commerce Department said.


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