Retail sales rose 0.9 percent from July 2012. On a year-over-year basis, retail sales rose 4.7 percent.
Thanks to websites like Kickstarter, a number of small online donations made by a network of interested parties can fund a new project or start-up. Some believe that this system of crowdfunding can be used for equity investments in addition to donations, Cornwall writes.
Industrial production declined 1.16 percent since July but rose 2.8 percent above the level of industrial production seen in August 2011.
Bernanke's announcement that the Federal Reserve would once again step in to help the lagging economic recovery is sending stocks to one of their best weeks since June. Bernanke and the Fed pledged to spend $40 billion on mortgage bonds to drive down long-term interest rates and push investors into stocks.
Warren Buffet's firm deviates from its usual buy-and-hold strategy to sell its Intel stocks a year after buying them, Brown writes.
Mitt Romney is trying to shift the focus of the presidential campaign away from anti-American violence overseas and back to the economy, criticizing actions by the Federal Reserve and President Obama's record with China. Mitt Romney has been sharply criticized in recent days for his comments in the wake of attacks on American officials in Libya.
A recent study commissioned by Ford says that 82 percent of Americans would be happy to pay more for cars that save them gas money in the long term, Gordon-Bloomfield writes.
Q3 earnings will still matter for individual stocks, Brown predicts, but QE3 will not affect the major indexes.
Revisions in the definition of the corporate income tax may assume that workers bear some of the corporate tax burden.
Employees increasingly have to choose between health insurance with sky-high premiums or health insurance with expensive co-payments and deductibles, Reich writes.
With Hurricane Isaac behind us and winter approaching, we may be in for a break on gas prices, Read writes. But hurricane season isn't over yet, and access to the Strait of Hormuz remains in question. Gas prices could spike again.
Jobless claims jumped to 382,000 claims from a revised 367,000 claims for the prior week, according to today's jobless claims report.