U.S. First-Quarter Growth Cut to 1.8%

WASHINGTON (Reuters) – U.S. economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business investment and declining exports. Gross domestic product expanded at a 1.8 percent annual rate, the Commerce Department said in its final estimate on Wednesday. Output was previously reported […]

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U.S., Chinese Central Bankers Seek to Calm Markets

After enduring four of the worst trading days we’ve seen in over a year, fund manager Ted Parrish of Henssler Financial says it’s time to take advantage of a market that’s five percent cheaper than it was a week ago, and almost seven percent lower than it was a month ago. “I would buy right […]

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Wall Street Rises After Recent Selling, Homebuilders Rally

By Alison Griswold NEW YORK (Reuters) – U.S. stocks rose on Tuesday after strong housing and durable-goods figures brought a measure of calm to investors worried about the Federal Reserve’s plans to reduce its massive monetary stimulus. Analysts said the market was due for a rebound after Monday’s sizeable drop, which followed the worst week […]

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Asian shares drift lower, focus on China liquidity

By Chikako Mogi TOKYO (Reuters) – Asian shares slipped further on Tuesday and investors braced for more volatility in Chinese markets as worries spread that tight liquidity could impede China’s economic growth and take the shine off an emerging U.S. recovery. Japan’s Nikkei stock average (.N225) opened up 0.1 percent but quickly gave up early […]

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When the Ben and Beijing party comes to an end

By Jonathan Spicer (Reuters) – Through the dark days of the financial crisis, and the grey days of the halting recovery that have followed, investors have always been able to count on backing from two sources – Ben Bernanke and Beijing. They have provided stimulus, mainly by pumping funds into the U.S. and Chinese economies […]

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Connected World: You Have a Billion ‘Friends,’ Whether You Like It or Not

By Siemond Chan and Chris Nichols NSA “whistle-blower” Edward Snowden might have changed for once and for all the way we view our privacy online and over the airwaves. But even if this is so, he almost certainly hasn’t altered the unceasing spread of digital connections that mark daily life for billions of people all […]

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The Decline of an All-American Treat

By Rick Newman If a hot dog can be made out of turkey and a burger pounded out of beans, then it should be no surprise that another all-American treat is vulnerable to trendier, more virtuous food. Traditional ice cream sales have been slowly declining and seem poised to hit their lowest levels this year […]

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Do Markets Fear Central Banks’ Grip Is Slipping?

Only a few days ago, the leading Wall Street debate was whether central banks had too much control over the financial markets. Suddenly, the nagging notion is whether central banks are losing, or surrendering, control. Since Federal Reserve Chairman Ben Bernanke on Wednesday set out the likelihood of curtailed “quantitative-easing” bond purchases late this year, […]

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Wall Street plunges, S&P posts biggest drop since November 2011

By Ryan Vlastelica NEW YORK (Reuters) – Stocks fell more than 2 percent on Thursday, extending the previous day’s sharp decline as investors fretted over the Federal Reserve’s plan to begin reducing its stimulus later this year if the economy strengthens. The SP 500 recorded its biggest daily decline since November 11, 2011, on the […]

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Wall St. Slides After Fed’s Stimulus Wind-Down Outline

Wall St. Slides After Fed’s Stimulus Wind-Down OutlineReuters Stocks slid at the open on Thursday, adding to a more than 1 percent drop a day earlier, after Federal Reserve … From: http://us.rd.yahoo.com/finance/news/rss/story/SIG=14g558kml/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12dmqo28m/*http%3A//finance.yahoo.com/news/stock-futures-drop-wake-feds-114830598.html?l=1

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