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News

Consumer Spending in U.S. Rises 0.3% Adjusted for Inflation

(Bloomberg) -- Consumer purchases adjusted for inflation rose 0.3 percent in January following a 0.1 percent drop the prior month, a Commerce Department report showed Monday in Washington.

Oil Extends Second Weekly Drop as U.S. Idles Fewer Drilling Rigs

(Bloomberg) -- Oil declined in New York, extending its second weekly loss as U.S. drillers reduced the number of rigs in operation at the slowest pace since January.

World market momentum over Chinese rate cut fades

LONDON (AP) -- World stock markets edged lower in European trading on Monday as investor optimism faded over a weekend interest rate cut by the Chinese central bank.

GENERAL

On the Agenda: Construction update, court case, tax credit on tap

San Diego pension trustees’ feud escalates from strategy to accusations

Other Finance Headlines:

A temporary tax fix won't help ACA forever

Apparently, there is a movement afoot to get the Barack Obama administration to line up the Affordable Care Act's open-enrollment period with tax season.

FHFA rules set for delinquent debt sales

The Federal Housing Finance Agency (FHFA) released a set of new rules for the sale of troubled mortgages by U.S.- owned Fannie Mae and Freddie Mac.

Consumer Spending in U.S. Rises 0.3% Adjusted for Inflation

(Bloomberg) -- Consumer purchases adjusted for inflation rose 0.3 percent in January following a 0.1 percent drop the prior month, a Commerce Department report showed Monday in Washington.

Hillary Clinton doesn't need a marketing expert

Hillary Clinton has enlisted a Coca-Cola marketing whiz to help brand her expected presidential campaign.

George Chamberlin's Money in the Morning

What a difference a month makes. Remember the sharp decline in stock prices in January when the major indexes started the year with a decline of about 3.5 percent? Well, the bulls were back in February with the Dow industrials gaining 5.6 percent and the S&P 500 up 5.5 percent, its best month since October 2011.

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