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US auto worker strike hits October industrial production
US auto worker strike hits October industrial production
Economy
by  AFP

US industrial production declined more than expected in October, with the auto workers strike exerting downward pressure on a range of market groups, the Federal Reserve said Thursday. Among the major market groups, output was mixed, with the impact of strike action "exerting downward pressure on a number of categories," including the index for consumer durables, which fell 5.8 percent.

Walmart narrowly lifts forecast as inflation stays consumer concern
Walmart narrowly lifts forecast as inflation stays consumer concern
Economy
by  AFP

Walmart narrowly lifted its full-year forecast on Thursday following solid quarterly results as it continued to navigate a market challenged by elevated pricing that has depressed demand for some goods. Results during the quarter were also dented somewhat by elevated spending on store remodels.