US running out of room to store oil; price collapse next?

NEW YORK (AP) — The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months. For the past seven weeks, the United States has been producing and importing an average of 1 million more barrels of […]

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ECB braces for QE as others shift rates

By Philip Blenkinsop BRUSSELS (Reuters) – Greek funding and quantitative easing in Europe, an expected rate cut in Australia and the buoyant U.S. labor market are set to be the focus of an economic week dominated by a host of central bank meetings. Greece may have secured an extension of its bailout last week, but […]

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Hamm: My big fat divorce check ‘got the job done’

Oil tycoon Harold Hamm told CNBC on Friday his nearly $1 billion check to ex-wife Sue Ann Arnall helped put his divorce “in the rearview mirror.” “That became a famous check. But it got the job done,” the founder of Continental Resources (CLR) said in a ” Squawk Box ” interview. Arnall, Hamm’s wife of […]

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TJ Maxx, Marshalls to follow Wal-Mart in raising pay

NEW YORK (AP) — The owner of T.J. Maxx, Marshalls and Home Goods stores said Wednesday that it will boost pay for its U.S. workers to at least $9 per hour. The announcement by TJX Cos. comes a week after Wal-Mart Stores Inc. said it would increase wages for its employees and is a sign […]

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Don’t look to Nasdaq 5000 to find the ‘silly’ in tech investing

On its return trip to 5000, the Nasdaq Composite reflects little of the silliness of its first visit 15 years ago. That’s partly because the frothiest investments in Silicon Valley are in private companies whose value isn’t captured in the index, which once was the barometer of the hyper-growth tech economy. The Nasdaq’s climb to […]

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Janet Yellen’s got some explaining to do

Federal Reserve Chair Janet Yellen has a few fences to mend. That’s because the normally chummy relationship the U.S. central bank has with Wall Street hit a bump last week when minutes from the Open Market Committee’s most recent meeting left room for confusion about the Fed ‘s path forward. Where the market thought the […]

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How to Make the Most out of Your Online Portfolio

Portfolios have been used for hundreds of years to allow people to showcase things. This can be to showcase photographs of yourself, if you are a model; images of pieces of art that you have created and are looking to display or sell; images of architectural structures you have been involved in; or anything else […]

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U.S. refinery strike widens to include nation’s largest refinery

By Erwin Seba HOUSTON (Reuters) – The U.S. refinery strike widened as workers at the nation’s largest refinery walked off their jobs at 12 a.m. CST (0600 GMT) on Saturday, according to the United Steelworkers union (USW). Shortly after talks between union and oil company representatives ended on Friday night, the union notified Motiva Enterprises […]

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Wal-Mart CEO: Pay hike will boost morale

Wal-Mart is raising wages for some 500,000 hourly employees because worker pride in the company is vital to running a good retail business, CEO Doug McMillon told CNBC on Thursday. “We make wage adjustments all the time. We just decided this is a really good moment to be more bold,” Doug McMillon said in a […]

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Markets briefly go positive on Greece reports

U.S. stocks teetered along the flat line Tuesday afternoon as the Dow Jones, SP 500 and the NASDAQ composite all briefly turned positive after trading moderately lower near multi-year highs on Tuesday despite the lack of resolution in the Greece-euro zone standoff, but briefly turned positive on bailout reports. “After a strong rally it looks […]

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