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Saturday, October 31, 2020  Spokane, Washington  Est. May 19, 1883
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‘Venom’ sets October record with $80M; ‘Star Is Born’ soars

In a weekend of perfect counterprogramming for Hollywood, the comic-book movie “Venom” shrugged off bad reviews to shatter the October box-office record with an $80 million debut, while Bradley Cooper’s “A Star Is Born” soared to $41.3 million.

U.S. consumer borrowing up $20.5 billion in October

American consumers increased their borrowing by $20.5 billion in October. It was the biggest gain in 11 months and reflected strong increases in the use of credit cards and in auto and student loans.

Consumer spending rose solid 0.3 percent in October

Consumers boosted their spending a solid 0.3 percent in October, while their incomes grew 0.4 percent. Both were healthy gains indicating the all-important holiday shopping season was getting off to a good start.

U.S. new-home sales jumped 6.2 percent in October

Americans bought new homes in October at the fastest pace in a decade – a 6.2 percent monthly increase that reflects both the underlying strength of the economy and the worsening shortage of existing homes for sale.

Most automakers report October U.S. sales gains

Ford, Honda, Nissan, Toyota and Volkswagen reported sales gains for October, defying expectations that buyers would pull back and that fewer people than expected would replace hurricane-damaged vehicles.