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Business

  • Consumer spending drops as car sales stall
    WASHINGTON – U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed. Consumer spending edged down 0.
  • Soaring stocks, dueling forecasts
    NEW YORK – Is it time to cash out of stocks?
  • Ford's sleek new pony off and running
    Ford began production of the all-new 2015 Mustang on Thursday, and if it sells well the Flat Rock, Michigan, assembly plant could add a third shift.There are some hurdles to overcome first.
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Week Ahead

Tuesday

•Commerce Department reports on wholesale trade inventories for December

•Labor Department releases job openings and labor turnover survey for December

•Federal Reserve Chair Janet Yellen testifies before the House Financial Services Committee on monetary policy and the economy; Senate Budget Committee hearing on the budget and the economic outlook

•Airbus holds press conference at airshow, topics to be discussed likely include long-term forecast

Wednesday

•Treasury releases federal budget for January

Thursday

•Labor Department releases weekly jobless claims

•Commerce Department releases retail sales data for January

•Freddie Mac, the mortgage company, releases weekly mortgage rates

•Commerce Department releases business inventories for December

•Senate Health, Education, Labor and Pensions Committee hearing on the minimum wage

Friday

•Federal Reserve releases industrial production for January

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