As G20 chases growth goal, members differ on how to get there

By Lincoln Feast and Gernot Heller CAIRNS Australia (Reuters) – Financial leaders of the Group of 20 top economies remain committed to chasing higher global growth, but were divided on how to achieve it as Germany pushed back at calls from the United States and others for more immediate stimulus. Opening a meeting of G20 […]

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Apple’s new privacy pledge holds up

After years of learning about all the sneaky ways companies track us online, even when they kind of, sort of say they won’t, it’s hard not to be cynical about the so-called privacy policies they post. After all, the Federal Trade Commission has an endlessly scrolling Web page listing its actions against companies for online […]

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Dow logs new intraday high as Wall Street rallies on Fed hopes

By Ryan Vlastelica NEW YORK (Reuters) – Stock markets around the world rose on Tuesday, adding to earlier gains as investors bet that the U.S. Federal Reserve wouldn’t adjust guidance about how soon the central bank would raise interest rates. There had been speculation that the Federal Reserve could raise interest rates sooner and faster […]

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World waits for white smoke from U.S. Fed

By John O’Donnell FRANKFURT (Reuters) – The U.S. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom. As the U.S. economy picks up pace, […]

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IPhone 6 pre-orders crash Apple Store, iPhone 6 Plus sells out

The iPhone 6 became available for pre-order on Apple’s online store Friday morning — though “available” is a relative term. Eager customers encountered lengthy delays, and others couldn’t even access the website. Some customers were reporting that the larger iPhone 6 Plus had sold out. Apple wouldn’t comment on that. Pre-order snafus are commonplace for […]

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40 million Americans now have student loan debt

Carrying tens of thousands of dollars in student loan debt has become the new normal. Thanks to climbing tuition and inadequate college savings, 40 million Americans now have at least one outstanding student loan, according to new analysis from credit bureau Experian. That’s up from 29 million consumers in 2008. On average, borrowers are carrying […]

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Dow, S&P 500 dip in early afternoon; Nasdaq up

By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and SP 500 are down slightly in early afternoon trading on Monday amid a drop in energy shares, while the Nasdaq is edging higher. Shares of Exxon Mobil are down 1.2 percent, while the SP energy index is down 1.6 percent, the day’s worst-performing sector as […]

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Alibaba seeks to raise more than $21 billion in record U.S. tech IPO

By Liana B. Baker, Avik Das and Soham Chatterjee NEW YORK (Reuters) – Alibaba Group Holding Ltd [IPO-BABA.N] seeks to raise more than $21 billion in an IPO that will value the Chinese e-commerce giant at up to $163 billion and rank as the largest-ever technology debut in the United States. Alibaba expects to price […]

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Tesla’s big gamble: Nevada wins Gigafactory

It’s appropriate that Elon Musk has chosen Nevada to call home for Tesla’s massive battery plant, the Gigafactory. After all Nevada is the gambling capital of the country and a gamble is exactly what such a big factory is. Tesla says once this factory is up and running it can build batteries for 500,000 vehicles […]

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‘Mortgage crisis’ is coming this winter: Bove

A toxic brew is bubbling in the housing market that will lead to a mortgage crisis by winter, banking analyst Dick Bove said. Now that the Federal Reserve is nearly done with its monthly bond-buying program, which includes mortgage-backed securities, and Washington continues on its quest to unwind Fannie Mae and Freddie Mac, conditions could […]

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