WASHINGTON (AP) — U.S. businesses restocked their shelves and warehouses in July at the fastest pace since January as their sales rose, a hopeful sign for economic growth.
The Commerce Department says business stockpiles increased 0.4 percent in July from June, after ticking up just 0.1 percent the previous month. Total business sales rose 0.6 percent in July, up from just 0.2 percent in June.
Rising stockpiles can be a good sign for the economy because they suggest companies expect greater sales. Greater inventory building also means businesses likely ordered more goods, boosting factory production and economic growth. And higher sales mean that companies are less likely to be stuck with excess goods.
Business stockpiles in July stood at a seasonally adjusted $1.66 trillion, 3.2 percent higher than a year ago.
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A winter storm warning has been issued for Albuquerque and surrounding areas through 11 p.m. Thursday.
Tempers flared Wednesday night at the Albuquerque Public Schools Board of Education meeting as the firestorm over teacher evaluations and student testing continues.
An Albuquerque man says an emergency vet clinic turned away his dying dog because he didn't have enough cash in his pocket to pay to save him. The dog later died.
Closing arguments wrapped up Wednesday in the final sentencing phase of John McCluskey's federal murder trial. The same jury that convicted him of killing an Oklahoma couple, must now decide whether McCluskey should face the death penalty.
Meeting 211 goes to the University of New Mexico Lobos. The Lobos and New Mexico State renewed their rivalry on a basketball court Wednesday night with the Lobos winning 79 to 70.
MMA fighter Holly Holm has more than a fight to talk about this week. Holm also has a major sponsor in her corner.