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Dow surges nearly 200 points on global rally, U.S. housing report
NEW YORK -- Stocks surged more than 1% in early trading after unexpectedly strong gains in the U.S. housing market and consumer confidence, following a rally in global markets. The Dow Jones industrial average shot up 199.29 points, or 1.3%, to 15,502....Tags: Consumers, Federal Reserve, Central Bank, Money and Monetary Policy, Consumer Confidence
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GLOBAL MARKETS-Wall Street, euro zone shares rise, dollar weaker
Reuters* U.S. stocks rise, Treasuries prices slip * U.S. jobless claims unexpectedly rise in latest week * Data reassures that Fed won't scale back soon on stimulus * 7-year Treasury note auction draws buyers * Dollar broadly weaker, Euro hits 2-week high...Tags: Auction Service, Federal Reserve, Economy, Business and Finance, Stock Activities, S&P 500
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ECB seen holding rates as it waits for euro zone recovery
Reuters* Main refi rate seen on hold at 0.5 pct, deposit rate at zero * New staff projections may see GDP estimates lowered slightly * New action to boost SME lending not expected By Sakari Suoninen FRANKFURT, June 6 (Reuters) - The European Central Bank...Tags: Inflation and Deflation, Economy, Business and Finance, Central Bank, Weather, European Central Bank
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WRAPUP 2-U.S. retailers' sales rise in May, spending stays moderate
Reuters* Excluding Gap, same-store sales up 3.9 pct vs forecasts of up 3.7 pct * Gap sales up 7 pct, beats Wall Street forecasts handily * S&P retail stores stock index up 1.2 pct By Phil Wahba NEW YORK, June 6 (Reuters) - Major U.S. retail chains, including...Tags: Gap Inc., Consumers, Services and Shopping, Automatic Data Processing, Inc., American Apparel
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Initial jobless claims dropped to 346,000 last week
WASHINGTON -- First-time jobless claims dropped to 346,000 last week, a positive sign ahead of Friday's government unemployment report for May. The Labor Department said Thursday the number of people filing for initial unemployment benefits in the...
Tags: Labor Markets, Career and Workplace, Employment Opportunities, Unemployment, Employment
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EU seen lifting budget procedure against Italy this week
ReutersBRUSSELS (Reuters) - The European Commission will recommend lifting tight controls on Italy's public spending imposed in 2009 when Rome breached the European Union's deficit ceiling of 3 percent of gross domestic product, an EU source said on Monday. The...Tags: Economic Policy, Enrico Letta, Economy, Business and Finance, Money and Monetary Policy, Rome (Italy)
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India's economic growth makes feeble recovery in Jan-March quarter
ReutersNEW DELHI (Reuters) - India's economic growth began a feeble recovery in the first quarter of 2013, but weak private consumption, capital investment and slowing public spending offered little hope for a fast rebound in coming quarters. Asia's third...Tags: Regional Elections, Inflation and Deflation, Economy, Business and Finance, India, Politics
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U.S. consumer spending falls, inflation subdued
ReutersWASHINGTON, My 31 (Reuters) - U.S. consumer spending fell in April for the first time in almost a year and inflation pressures were subdued, pointing to a slowdown in economic activity that should see the Federal Reserve maintaining its monetary...Tags: Consumers, Inflation and Deflation, Federal Reserve, Ben Bernanke, Gasoline Industry
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CANADA FX-C$ firms after strong Q1 domestic GDP print
ReutersTORONTO, May 31 (Reuters) - The Canadian dollar strengthened early on Friday after data showed the country's economy grew at a faster-than-expected pace in the first quarter. At 8:34 a.m. (1234 GMT) the Canadian dollar was trading at C$1.0311 to the... -
Household wealth surges in first-quarter on stock, home prices
ReutersWASHINGTON (Reuters) - A jump in stock and home prices pushed U.S. household wealth up by $3 trillion in the first quarter, surpassing levels last seen before the 2007-09 recession and giving a hopeful sign for future consumer spending. Financial...Tags: Consumers, Federal Reserve, Economy, Business and Finance, Homes, Finance
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China likely to tolerate 7 pct growth before hitting stimulus button
ReutersBy Kevin Yao BEIJING, June 7 (Reuters) - China's new leaders have adopted a greater tolerance for a slowdown in the economy than their predecessors and are likely to allow quarterly growth to slip as far as 7 percent before triggering fresh stimulus to...Tags: Xi Jinping, Economy, Business and Finance, Money and Monetary Policy, Beijing (China), Government Debt
May 28, 2013
|Story| Los Angeles Times
May 28, 2013
|Story| AP Broadcast
May 30, 2013
|Story| Reuters
Jun 5, 2013
|Story| Reuters
Jun 6, 2013
|Story| Reuters
Jun 6, 2013
|Story| Los Angeles Times
May 27, 2013
|Story| Reuters
May 31, 2013
|Story| Reuters
May 31, 2013
|Story| Reuters
May 31, 2013
|Story| Reuters
Jun 6, 2013
|Story| Reuters
Jun 6, 2013
|Story| Reuters
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