Mild weather helped spur consumers to buy spring clothing in February, leading to broad sales gains at top U.S. chains, and even perennial laggard Gap Inc posted its first increase in eight months.
While Americans and Europeans bemoan the cost of gasoline at the pumps, people in some other parts of the world enjoy filling up their tanks cheaply thanks to subsidies provided by wealthy, oil-rich governments.
The average rate on the 30-year mortgage edged down this week to hover again above record lows. Cheaper rates have spurred modest improvements in the battered housing market, but not enough to signal a recovery.