- London mayor flies Palestinian flag at town hall to support Gaza
- U.N. condemns Israel, U.S. for not sharing Iron Dome with Hamas
- Eric Cantor says he’ll resign on Aug. 18
- Ted Nugent slams ‘lying freaks’ at liberal media: I’m ‘doing God’s work’
- Joe Biden’s secret love: Skinny-dipping, Secret Service agents say
- Just-forged Israel-Hamas cease-fire ends in rocket fire
- Obama military downsizing leaves U.S. too weak to counter global threats, panel finds
- Sen. Tom Coburn vows to slow down budget-busting bills ahead of recess
- Obama fantasizes about more executive power, signs new order on federal contractors
- Clintons call Klein, Halper, Kessler ‘a Hat Trick of despicable actors’: report
Economy Briefs: Markets down ahead of earnings-season kickoff
Question of the Day
U.S. stocks closed lower Tuesday as traders awaited the start of the corporate earnings season.
The Dow Jones industrial average dropped 55.44 points, or 0.4 percent, to 13,328.85. The Standard & Poor’s 500 index fell 4.74, or 0.3 percent, to 1,457.15. The Nasdaq composite index shed 7.01, or 0.2 percent, to 3,091.81.
Unemployment below 7% in many U.S. cities
Unemployment rates fell below 7 percent in a majority of U.S. cities in November, suggesting steady job gains are benefiting most parts of the country.
The Labor Department said Tuesday that rates fell in November from October in 215 of the 372 largest metro areas. Rates were unchanged in 33 and rose in 124.
Rates dropped below 7 percent in 192 cities. That’s the first time since the recession ended that more than half of large cities had rates below that threshold. And 52 had rates below 5 percent.
U.S. consumer debt rises on more car, school loans
U.S. consumers took on more debt in November to buy cars and attend school, but stayed cautious with their credit cards.
The Federal Reserve said Tuesday that consumers increased their borrowing in November by $16 billion from October to a seasonally adjusted record of $2.77 trillion.
Target to match prices in new online strategy
NEW YORK — Target Corp. is pledging to match prices of select online rivals year-round, a move that underscores how physical and online retailing are being meshed together.
Target, the nation’s second-largest discounter behind Wal-Mart Stores Inc., said it will match prices that customers find on identical products at top online retailers, all the time, including Amazon.com.
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