S&P 500 Closes at Record High Despite Tumbling Tech

By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and Nasdaq stock gauges fell on Friday as disappointing results from Microsoft and Google dragged on the market, while the SP 500 index edged up to end at a second straight record high. Stronger-than-expected results from General Electric Co (GE) and oilfield services company Schlumberger NV […]

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Moody’s eases off threat of U.S. rating cut, affirms Aaa

NEW YORK (Reuters) – Moody’s Investors Service on Thursday raised the U.S. sovereign outlook to stable from negative and affirmed the country’s triple-A rating, citing steady growth despite reduced government spending. The rating agency’s move eased the threat of a cut to the world’s biggest economy. Moody’s said the federal government’s debt trajectory is on […]

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Dollar firms up, shares sag after Bernanke

Dollar firms up, shares sag after BernankeReuters Shares sagged on Thursday and the dollar firmed up after the head of the Federal Reserve reiterated the U.S. central … From: http://us.rd.yahoo.com/finance/news/rss/story/SIG=14lq0kt36/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12if59hv7/*http%3A//finance.yahoo.com/news/bernanke-drives-asian-shares-near-004737734.html?l=1

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Bernanke: Fed to Taper Later This Year

Federal Reserve Chairman Ben Bernanke said the central bank anticipates beginning tapering bond purchases later this year but that policy will remain accommodative and could change depending on the incoming economic data. In his semiannual monetary report before the House financial services committee, the Fed chairman said, “With unemployment still high and declining only gradually, […]

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Yahoo! Second-Quarter Net Revenue Dips, Profit Beats Street

Yahoo! Second-Quarter Net Revenue Dips, Profit Beats StreetReuters Yahoo! Inc’s second-quarter net revenue was down slightly at $1.071 billion, as the Internet company posted adjusted … From: http://us.rd.yahoo.com/finance/news/rss/story/SIG=14k4h82id/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12hs7ldl2/*http%3A//finance.yahoo.com/news/yahoo-second-quarter-net-revenue-201240969.html?l=1

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S&P 500 gains for an eighth day, boosted by Citigroup

By Caroline Valetkevitch NEW YORK (Reuters) – Citigroup’s strong earnings helped the SP 500 end higher on Monday for an eighth straight day, the longest such streak since mid-January, though weak retail sales limited gains in a session with the lowest volume of the year. The Dow Jones industrial average and the SP 500 finished […]

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Stocks, Aussie dollar rise on better Chinese data

Stocks, Aussie dollar rise on better Chinese dataReuters European stocks rose on Monday along with the commodities-linked Australian dollar after data suggested China’s … From: http://us.rd.yahoo.com/finance/news/rss/story/SIG=14mth4gif/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12js1r287/*http%3A//finance.yahoo.com/news/asian-stocks-holding-pattern-ahead-003442246.html?l=1

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Candy Crush: Why Is It So Insanely Addictive?

It’s not the prettiest video game ever made and certainly not the most clever, but Candy Crush Saga may be the world’s most addictive. Psychologists and other cognitive experts say the treat-smashing mobile app, a twist on earlier pattern-matching games, from Bejeweled all the way back to Tetris, grabs players by appealing to some of […]

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Are Banks and Housing About to Get Crushed by Rising Rates?

The evidence is everywhere: Mortgage rates are at a two-year high, applications have fallen for four straight weeks after climbing for more than a year, and Fed Chairman Ben Bernanke says he would have to “push back” if the impact of rising interest rates were jeopardizing the recovery. As my co-host Jeff Macke and I […]

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Analysis: Fed mulls adjusting its tune to quell jittery markets

By Ann Saphir and Jonathan Spicer (Reuters) – Federal Reserve officials are considering moving the goal posts on U.S. monetary policy with a promise to keep interest rates low for longer in the hopes of heading off a troubling rise in market-set borrowing costs. Top Fed officials, who have pulled out all the stops to […]

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