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• U.S. retail sales climb for fifth straight month — but rising gas prices are key
  The numbers: Sales at U.S. retailers rose 0.6%...
  The numbers: Sales at U.S. retailers rose 0.6% in August despite a hangover for Internet stores after the Amazon Day sales event, but most of the increase was tied to higher gasoline prices.
  
  Sales had been forecast to rise just 0.1% last month after a larger gain in July, when Amazon AMZN, +2.56% recorded its biggest day of sales ever. Other retailers also held sales and saw strong activity that month.
  
  Big picture: A burst of momentum in the economy over the summer is likely to fade due to higher interest rates, but there’s little evidence to suggest a recession is on the way. Americans are still spending plenty of money.
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• EIA reports weekly gains in U.S. crude, gasoline and distillate supplies
  The Energy Information Administration on Wednesday reported that U.S....
  The Energy Information Administration on Wednesday reported that U.S. commercial crude inventories rose by 4 million barrels for the week ended Sept. 8. On average, analysts expected a crude inventory decline of 1 million barrels, according to a survey conducted by S&P Global Commodity Insights. The EIA report also revealed supply increases of 5.6 million barrels for gasoline and 3.9 million barrels for distillates. Analysts had forecast a weekly inventory decline of 1.4 barrels for gasoline, while distillate supplies were expected to be flat for the week. Crude stocks at the Cushing, Okla., Nymex delivery hub are down by 2.4 million barrels for the week, the EIA said.
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• APA Corp. Declares Regular Cash Dividend
  Houston-based E&P APA Corp. has declared...
  Houston-based E&P APA Corp. has declared a regular cash dividend of $0.25 per share of the company’s common stock.
  
  The dividend is unchanged from the company’s Aug. 22 payout of $0.25.  The dividend will be payable Nov. 22 to stockholders of record Oct. 23.
  
  The dividend is part of a trend of energy companies using their hefty free cash flows for robust returns of capital to shareholders.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery fell 32 cents to $88.52 a barrel Wednesday. Brent crude for November delivery fell 18 cents to $91.88 a barrel.
  
  Wholesale gasoline for October delivery rose 1 cent to $2.74 a gallon. October heating oil rose 11 cents to $3.44 a gallon. October natural gas fell 6 cents to $2.68 per 1,000 cubic feet.
  
  
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• Dow posts back-to-back drop, S&P 500 climbs after inflation gauge ticks higher
  The Dow posted a back-to-back loss on Wednesday after a gauge...
  The Dow posted a back-to-back loss on Wednesday after a gauge of consumer inflation for August rose on the back of higher energy costs, while the S&P 500 and Nasdaq Composite ended with modest gains. The Dow Jones Industrial Average DJIA shed about 70 points, or 0.2%, ending near 34,565. That marked its second day in a row of declines. The S&P 500 Index SPX added 0.1% and the Nasdaq Composite Index COMP finished at a 0.3% gain. Both the Dow and S&P 500 struggled for direction earlier Wednesday, with both indexes flipping between small gains and losses as investors considered whether the Federal Reserve will be promoted to increase its policy rate any further this year to tamp down inflation further. Its benchmark rate was increased to a 22-year high in July. The consumer price index for August showed the yearly rate of inflation climbed to 3.7% from 3.2% in July, and up from a 27-month low of 3% in June.
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