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NEW PRICES ON MICHELIN COMMERCIAL TIRES STARTING DEC. 1st

SOURCE: NEW PRICES ON MICHELIN COMMERCIAL TIRES STARTING DEC. 1st   Michelin announced this week it will be increasing its commercial tire prices beginning Dec. 1. The 8 percent increase will apply to all commercial brands, products and services offered by Michelin. The company says the increase, which will be paired with a 5 percent increase in passenger tire prices on Jan. 1, will address increased operating costs and other factors. Bridgestone last month announced a 10 percent price increase for its commercial tire brands. The company [...]

Consumer Spending Fueling Better Overall Growth

    One of the biggest drivers of the U.S. economy increased for the second straight month in May, adding to optimism that growth in the second quarter will be better than the slow first quarter pace. According to a new Commerce Department report, consumer spending, which accounts for around two-thirds of all U.S. economic activity, hit market expectations as it increased 0.4% from the month before, following a 1.1% upwardly revised surge in April. Spending in durable goods, those designed to last [...]