At record high, U.S. stocks look to extend breakout

By Ashley Lau NEW YORK (Reuters) – U.S. stocks are poised for more upward momentum even as uncertainty over oil prices and Greek debt negotiations keeps the market on tenterhooks, analysts say. Strong fourth-quarter U.S. company earnings and signs of an overall improving economy, alongside what appears to be the start of a bottoming in […]

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Robert Shiller’s (depressing) advice for investors

Nobel Prize-winning economist Robert Shiller has a grim message for investors: Save up, because in the years ahead, assets aren’t going to give you the type of returns that you’ve become accustomed to. In his third edition of “Irrational Exuberance,” which will drop later this month, the Yale professor of economics warns about high prices […]

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Americans are about to get a nice fat pay raise

The global economy sure is facing plenty of risks right now. Greece remains a wildcard. Economies across Europe and Asia are slowing. And U.S. economic data is getting bumpy — with soft factory orders the latest example. Yet nothing, it seems, can stop the freight train that is the American job market. On Friday, another […]

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Battle of 2015: U.S. economy vs. the world

It’s the $75 trillion question facing world leaders as they gather for the G20 summit this week: Can a healthier U.S. economy thrive while most of the globe struggles to grow at all? Nearly alone among major nations, the U.S. – which makes up more than 20% of the $75 trillion global economy — appears […]

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John Whitehead, former leader of Goldman Sachs, dies

WASHINGTON (Reuters) – John Whitehead, a former senior partner and co-chairman of Goldman Sachs who helped make it a top-tier Wall Street firm and led its international expansion, has died, the investment bank said on Saturday. He was 92. Whitehead joined Goldman Sachs in 1947 and worked his way to the highest rung of its […]

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Why a 300-point Dow surge can be bad news for market bulls

If you’re bullish on stocks, root against a huge gain in the Dow today. When the Dow Jones Industrial Average screamed higher by 305 points Tuesday, reclaiming a nice slug of January’s losses, it was the second one-day spurt of more than 300 points in 2015, and the third in two months. It’s tempting to […]

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EPA Keystone review links oil sands to carbon emission jump

(Bloomberg) — The U.S. Environmental Protection Agency said developing Canadian oil sands would significantly increase greenhouse gases, a conclusion environmental groups said gives President Barack Obama reason to reject the proposed Keystone XL pipeline. “Until ongoing efforts to reduce greenhouse gas emissions associated with the production of oil sands are more successful and widespread,” developing […]

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Energy may see further weakness as key names report

By Ryan Vlastelica NEW YORK (Reuters) – Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week. The group has been falling alongside crude oil prices, which are down about 60 percent since […]

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Amazon is killing it with Prime: Here’s why

Don’t act so surprised:  Amazon (AMZN) is killing it with Prime. Growth in Amazon Prime memberships propelled the etail giant to a profitable fourth quarter. That was after two consecutive quarters of steep losses. Last year, the company raised the Prime subscription fee to $99 from $79, but the number of subscribers grew anyway. Big […]

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Barclays, Goldman forecast bearish first half for oil prices

REUTERS – Barclays Plc and Goldman Sachs Group Inc issued even more bearish forecasts for oil prices on Wednesday, predicting no significant recovery in the first half of 2015. Barclays slashed its 2015 Brent crude oil price forecast to $44 a barrel from $72, while Goldman said it expected prices for West Texas Intermediate crude […]

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