Cheap Gas Fueling Expanded Thanksgiving Travel Day

LOS ANGELES — An expanded version of America’s annual Thanksgiving travel saga was under way Wednesday with gas prices low and terrorism fears high. An estimated 46.9 million Americans are expected to take a car, plane, bus or train at least 50 miles from home over the long...
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Data Point to Moderate Fourth-Quarter Growth

WASHINGTON — Consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter. Anemic consumer spending did little do change expectations that the Federal Reserve will...
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Help! I Was Sold a Bad Home. Now What?

Sometimes all the safeguards the real estate industry has put in place to help prevent buyer’s remorse after purchasing a house still don’t work. The process takes time for a reason, and you aren’t getting a home inspection for the fun of it. It can happen. You can...
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Nine Fed Banks Called for Discount Rate Hike, Minutes Show

WASHINGTON — The number of regional Federal Reserve banks pushing for a hike in what commercial banks are charged for emergency loans rose to nine in October, a sign the U.S. central bank may be close to tightening monetary policy,minutes from its discount rate meeting showed Tuesday. Eight...
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GDP Growth Raised for 3Q; Inventories May Weigh on 4Q

WASHINGTON — The U.S. economy grew at a healthier clip in the third quarter than initially thought, but strong inventory accumulation by businesses could temper expectations of an acceleration in growth in the final three months of the year. The Commerce Department said Tuesday that the nation’s gross...
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Consumers, Stores Face Off Over Depth of Holiday Discounts

NEW YORK and CHICAGO — Target’s (TGT) 10 percent discount on a $30.49 pair of embroidered curtains wasn’t nearly enough to entice Valerie Jenkins, shopping in Chicago the weekend before Thanksgiving. She expects the 60 to 70 percent off she got during the last holidays. “There were some...
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