Stronger retail sales prompted businesses to restock shelves and warehouses, and inventories rose 1% in July as a result. The gain should help ease concerns that inadequate sales will slow the U.S. economic recovery.
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America’s railways are the circulatory system of the economy, so any evidence that points to rail’s recovery is a good sign for the future. Happily, a new report suggests rail freight shipments are gaining momentum.
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Forget the gloomy predictions: According to Richard Berner of Morgan Stanley, U.S. consumers are a year ahead of schedule in repairing their household balance sheets, giving them the ability to start spending again soon. And t…