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Business

  • Ford's sleek new pony off and running
    Ford began production of the all-new 2015 Mustang on Thursday, and if it sells well the Flat Rock, Michigan, assembly plant could add a third shift.There are some hurdles to overcome first.
  • Consumer spending drops as car sales stall
    WASHINGTON – U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed.Consumer spending edged down 0.1 percent last month after a 0.
  • Soaring stocks, dueling forecasts
    NEW YORK – Is it time to cash out of stocks?The market has nearly tripled in a little over five years, and the Standard & Poor’s 500 index closed above 2,000 for the first time on Tuesday.
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Week Ahead

Today

•National Association of Home Builders releases housing market index for June.

Tuesday

•Labor Department releases Consumer Price Index for May

•Commerce Department reports on housing starts for May

•Federal Reserve policymakers begin a two-day meeting to set interest rates.

Wednesday

•Federal Reserve policymakers meet to set interest rates, issue statement and economic forecast.

Thursday

•Labor Department reports on weekly jobless claims

•Freddie Mac, the mortgage company, reports on weekly mortgage rates

•National Association of Realtors reports on existing home sales for May

•Conference Board reports on leading indicators for May

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