The good news is that a lot of people are feeling richer lately. But the news won't stay good unless incomes start to catch up.
General Motors assembly workers work on a Cadillac at a plant in Lansing, Mich. Rebecca Cook/Reuters General Motors assembly workers work on a Cadillac at a plant in Lansing, Mich.
The Dow Jones industrial average edged higher on Monday as the stock market extended its rally from Friday, when the government reported strong hiring for last month.
Sysco will buy US Foods for about $3.5 billion from its private-equity owners in a deal that will combine the top two U.S. food distributors and create a company commanding at least a quarter of the $235 billion North American market.
Federal Reserve Bank of Dallas President Richard Fisher said the U.S. central bank should begin dialing back its asset purchases as soon as possible in an economy that doesn't need any more monetary stimulus.