Nikkei jump spurs yen selling; direction awaited

By Chikako Mogi TOKYO (Reuters) – Japanese stocks strengthened as Asian shares edged higher on Tuesday, although investors were still awaiting direction from U.S. and U.K. markets when they resume trade after holidays on Monday, following last week’s turbulence. The Nikkei stock average (.N225) jumped 1.4 percent, swinging from a 1.4 percent drop at the […]

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Last Trading Week of May Ahead After Holiday

It had to happen at some point. Yes, Wall Street finally broke its 4-week winning streak, with the major indices down overall this past week amid Fed tapering worries (even as “don’t fear the taper” became a rallying cry by some), a Nikkei plunge and weak manufacturing data from China. But one particular record still […]

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Diamonds

Seven diamond cut shapes, from L to R: cushion, Asscher, emerald, modified radiant, oval, marquise, and pear. Anyone wanting to invest in diamonds has a few options through which to do so – stocks, funds or the stones themselves. With equities, miner Rio Tinto (RIO), jewelry seller Tiffany (TIF) and online diamond merchant Blue Nile […]

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The Five Biggest College Myths

It’s the conventional wisdom that students and parents do their research on colleges and costs before making any commitment to attend a particular institution. A public college or university will cost close to $9,000 a year for tuition and fees for in-state students and $21,000 for out-of-state students, according to the College Board. A private […]

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Why the Rich Don’t Feel Rich

There’s just about no tolerance left in America for wealthy people griping about their financial woes. But put down the pitchforks for a moment and consider one possible exception we might all learn something from. The money-news site The Billfold recently ran an interview with an anonymous physician who earns $570,000 a year and says, […]

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Why the Rich Don’t Feel Rich

There’s just about no tolerance left in America for wealthy people griping about their financial woes. But put down the pitchforks for a moment and consider one possible exception we might all learn something from. The money-news site The Billfold recently ran an interview with an anonymous physician who earns $570,000 a year and says, […]

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Asian stocks cheered by Fed reassurance; BOJ stands pat

By Masayuki Kitano and Vidya Ranganathan SINGAPORE (Reuters) – Asian stocks rose on Wednesday following a positive lead from Wall Street, with Japan’s Nikkei reaching a fresh 5-1/2 year high and clinging to its gains as the Bank of Japan stood pat after unleashing massive stimulus last month. MSCI’s broadest index of Asia-Pacific shares outside […]

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Dollar Firms as Fed Suspense Builds, Shares Off Highs

By Marc Jones LONDON (Reuters) – The dollar edged up, gold steadied and European shares held near five-year highs on Tuesday as investors look out for U.S. Federal Reserve signals on the future of its stimulus program. Upbeat comments from Chicago policymaker Charles Evans have made Wednesday’s release of minutes of the U.S. central bank’s […]

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Should SAC Capital’s Steve Cohen Face Criminal Charges?

$615 million doesn’t go as far as it used to. That is how much SAC Capital Advisors paid to settle a civil case with the SEC in March. As part of the settlement, SAC neither admitted nor denied wrongdoing. Apparently that wasn’t good enough. Over the weekend SAC founder and billionaire Steven A. Cohen received […]

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Satomi Kawakita Jewelry: Turning Passion Into Profits

Earning a living by doing what you love is an enviable achievement, and Satomi Kawakita is finding success in the jewelry world by doing just that. Working out of her studio in New York, she creates her own brand of delicately crafted jewelry, with a specialty in rings.From glass blower to diamond setter Growing up […]

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