U.S. stocks climb in tumultuous action

U.S. stocks closed higher on Tuesday after a choppy trading session as investors eyed developments in the Greece debt crisis and the start of corporate earnings season. ( Tweet This ) The SP 500 fell below its 200-day moving average for its first time since October 20 before trading as high as 15.02 points up. […]

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Greeks defy Europe with overwhelming referendum ‘No’

By Karolina Tagaris and Lefteris Papadimas ATHENS (Reuters) – Greeks voted overwhelmingly on Sunday to reject terms of a bailout, risking financial ruin in a show of defiance that could splinter Europe. With nearly half of the votes counted, official figures showed 61 percent of Greeks rejecting the bailout offer. An official interior ministry projection […]

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European bonds and stocks on the defensive before tight Greek vote

By Marius Zaharia LONDON (Reuters) – European bonds and stocks traded cautiously on Friday before a Greek referendum on EU-prescribed reforms that could determine the country’s future in the euro zone and which polls suggest could go either way. Yields on top-rated German 10-year Bunds, the benchmark for European borrowing costs, fell as some investors […]

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Stocks climb on optimism over Greece situation, U.S. economy

U.S. stocks closed higher on Wednesday as investors eyed better-than-expected data and remained optimistic on resolution between Greece and its creditors. ( Tweet This ) “Investors should have higher conviction we are back to trend (on economic growth),” said David Lefkowitz, Senior Equity Strategist at UBS. “I think it’s mostly about Greece (and) a lot […]

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Wall Street tumbles 2.1% as Greek fears mount

Global stocks tumbled Monday after Greece closed its banks and limited the amount of money citizens can withdraw from them after bailout talks with its creditors broke down over the weekend. The Greek drama has been unfolding for many months (if not years) but the latest developments revived fears the country could exit the euro […]

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Euro zone readies for Greek default after Tsipras referendum call

By Renee Maltezou and Robin Emmott ATHENS/BRUSSELS (Reuters) – Greece’s European partners shut the door on extending a credit lifeline to Athens, leaving it facing a default that could push it out of the euro after the leftist government rejected tough lender demands and put their bailout deal to a referendum. Finance ministers of the […]

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Even after SCOTUS victory, Obamacare still faces big challenges

The Affordable Care Act “is here to stay,” as President Obama said following the Supreme Court decision in King v. Burwell that upheld the law in full. The justices could have ruled that federal subisidies—integral to the functioning of the law—were invalid in 34 states that rely on the federal healthcare exchange rather than running […]

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SEC probing hackers who broke into email for insider trading: Report

By Sarah N. Lynch and Joseph Menn WASHINGTON/SAN FRANCISCO (Reuters) – U.S. securities regulators are investigating a group of hackers suspected of breaking into corporate email accounts to steal information to trade on, such as confidential details about mergers, according to people familiar with the matter. The Securities and Exchange Commission has asked at least […]

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SEC probing hackers who broke into email for insider trading: Report

By Sarah N. Lynch and Joseph Menn WASHINGTON/SAN FRANCISCO (Reuters) – U.S. securities regulators are investigating a group of hackers suspected of breaking into corporate email accounts to steal information to trade on, such as confidential details about mergers, according to people familiar with the matter. The Securities and Exchange Commission has asked at least […]

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Chinese firms pour money into U.S. R&D in shift to innovation

By Jason Lange WASHINGTON(Reuters) – Surging investment by Chinese companies in U.S. research labs is yielding a fast-growing trove of patents, part of a push to mine America for ideas to help China shift from being the world’s factory floor to a driver of innovation. Largely absent from American research hubs a decade ago, Chinese […]

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