Millions of ‘underwater’ homeowners are trapped

Temperatures are warming and potential homebuyers are coming out to shop, but they are finding precious little for sale. Weak housing construction and the growth of the single-family rental market have pushed down supply for sure, but one nagging leftover of the housing crash is literally trapping potential sellers in their homes: Negative equity. Some […]

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Has the Fed’s ‘patience’ been exhausted?

By Mike Peacock LONDON (Reuters) – For a world economy coming to terms with a soaring dollar and a plunge in oil prices, this week will be all about the U.S. Federal Reserve’s policy meeting and its intentions on interest rates. A combination of the European Central Bank printing lots of euros and expectations of […]

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Energy drags Wall St lower; S&P set to drop for third week

By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks slumped on Friday, putting the SP 500 on track for its third straight weekly decline, as a robust dollar threatened to erode the profits of multinationals and tumbling crude oil prices pressured energy shares. Crude oil (CLc1) fell 4 percent to $45.15 a barrel, extending its […]

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Different Types of Legal Entities for Your Business

Starting a new business is hard work. There are many considerations to make and one of these is what type of legal entity you are going to choose. The IRS lists six different legal entities for you to consider, but there are really eight. Reading the information given by the IRS can help you understand […]

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3 things you need to know about the tumbling euro

The euro hit a 12-year low vs the dollar Wednesday, continuing a dramatic slump for the single currency. It’s the biggest story in the financial markets today (so far at least) so here are three things you need to know about the tumbling Euro: #1: The dollar bears were dead wrong. The dollar hasn’t just […]

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El-Erian: Here’s the big problem for investors

As many signs point to a Federal Reserve rate increase later this year, Mohamed El-Erian said there is now a major problem facing investors. El-Erian, chief economic advisor at Allianz (XETRA: ALV-DE), told CNBC’s “Fast Money: Halftime Report” on Monday that “the main issue facing a lot of investors today” is whether to chase the […]

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Data brings more focus on timing of U.S. rate hike

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stock investors may be bracing for further signs next week that the Federal Reserve could increase interest rates sooner rather than later, with retail sales expected to rebound after two straight months of declines. A pickup in retail sales could show consumers are benefiting from sharply lower […]

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Cuban: Tech bubble worse now than 15 years ago

Today’s technology bubble is worse than the one that burst 15 years ago, according to billionaire entrepreneur Mark Cuban . Overvalued tech companies today are mostly private rather than publicly traded, he wrote in a Wednesday blog post. That distinction makes torrents of funding more dangerous for investors, Cuban contended. “Back then the companies the […]

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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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