Household Debt Hits Record as Auto Loans and Credit Cards Climb
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U.S. household debt reached a new record of $12.8 trillion in the second quarter, driven by rising mortgage debt, a strong quarter for auto loan originations, and an uptick in credit-card balances.
U.S. Retail Sales Jumped 0.6% in July
U.S. retailers posted their strongest sales growth all year in July, as Americans shelled out more on a range of goods and took advantage of Amazon's annual discount day.
U.S. Stocks Mixed
Retailers tumbled after another round of earnings disappointed investors and shares of financial companies gained, leaving major U.S. stock indexes little changed Tuesday.
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North Korea Has Backed Off, But Some Options Traders Remain on Edge
Traders are still poised for more turbulence for one of the biggest exchange-traded funds tracking South Korean stocks.
German Economic Growth Robust Despite Slowdown
Germany maintained its solid economic performance, despite an unexpected yet mild slowdown in the second quarter.
U.K. Consumer Inflation Flat in July
Britain's consumer price inflation remained unchanged and growth in producers' raw materials costs slowed sharply in July, adding to signs that a squeeze on U.K. households evident since last year's Brexit vote might soon begin to ease.
U.S. Home-Builder Confidence Rose in August
The National Association of Home Builders said its index tracking confidence in the market for new single-family homes rose to 68 in August from 64 in July. It had been 66 in June and 69 in May. Economists surveyed had expected an August reading of 65.
U.S. Import Prices Edged Up in July
Import prices inched up 0.1% in July from a month earlier, the Labor Department said. Economists surveyed had expected no change in import prices last month. Unlike most measures of inflation, import prices aren't adjusted for seasonality.
Canada Housing Sales Extend Declines in July
Sales of existing homes in Canada fell in July from the prior month, the fourth straight monthly decline amid a widespread cooling of the Canadian housing market.
Empire State Business-Conditions Index Rises
Conditions in the New York manufacturing sector rapidly improved in August, propelled by increases in new orders.
(END) Dow Jones Newswires
August 15, 2017 13:15 ET (17:15 GMT)