Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

Today

Inflation under control Economists anticipate that a gauge of U.S. consumer prices edged higher last month. The Labor Departments consumer price index, due out today, is projected to show a gain of 0.2 percent for November. Consumer prices have been mostly ticking up since March, reflecting a gradual rise in oil prices. Over the 12 months ended in October, consumer prices were up a modest 1.6 percent.

Eye on Oracle Wall Street expects that Oracles latest quarterly report card will be mixed. Financial analysts project that the business software companys earnings declined in the September- November quarter from a year earlier, even as revenue edged higher. Oracle posted improved results for the previous quarter, but still fell short of analysts expectations. The company issues its fiscal second-quarter earnings today.

Confident homebuilders A key measure of U.S. homebuilders confidence in the housing market is due out today. The National Association of Home Builders/Wells Fargo Housing Market Index held flat at 63 last month, unchanged from Octobers reading. Thats two points below Septembers reading, which was the highest in nearly a year. Readings above 50 indicate more builders view sales conditions as good rather than poor.

Staying true to trucks This year was one of the strongest in a decade for U.S. pickup truck sales. More than 15 percent of new vehicles sold through November were pickups, the highest level since 2007, according to car shopping site Edmunds.com. Automakers love pickup truck buyers for the profits they bring in. So far this year, buyers are paying an average of $43,277 for a pickup, or nearly $10,000 more than the price of an average vehicle. But automakers also value pickup buyers because theyre loyal; once they buy a truck, theyre less likely to buy any other kind of vehicle. …

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