MONEY (MSM)

U.S. home prices rise faster in August than July

The S&P/Case Shiller composite index of 20 metropolitan areas gained 5.1 percent in August on a year-over-year basis compared with 4.9 percent in July and was in line with estimates for 5.1 from a Reuters poll of economists. “One result is that a 5 percent price increase in the value of a house means more today than it did in 2005-2006, the peak of the housing boom when the inflation

Weak U.S. business spending plans point to slower economic growth

A gauge of U.S. business investment plans fell for a second straight month in September, the latest indication that economic growth braked sharply in the third quarter. The Commerce Department said on Tuesday non-defense capital goods orders excluding aircraft, a closely watched proxyfor business spending plans, slipped 0.3 percent last month after a downwardly revised 1.6 percent decline in August. The data was the latest dour news for the manufacturing

Oil prices touch multi-week lows, as supply worries grow

Oil prices fell to their lowest in six weeks on Tuesday, as mounting worries over persistent oversupply grew ahead of U.S. data that was expected to show another increase in crude inventories. U.S. crude dropped $1.10 to $42.88 a barrel, having touched a nine-week low of $42.74 earlier in the day. The difference between the price of oil for immediate delivery and in a year’s time yawned to its widest

Oil prices touch multi-week lows, as supply worries grow

Oil prices fell to their lowest in six weeks on Tuesday, as mounting worries over persistent oversupply grew ahead of U.S. data that was expected to show another increase in crude inventories. U.S. crude dropped $1.10 to $42.88 a barrel, having touched a nine-week low of $42.74 earlier in the day. The difference between the price of oil for immediate delivery and in a year’s time yawned to its widest