Wall St. flat as Oracle takes air out of Alibaba debut

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed little changed on Friday after Alibaba’s strong debut was offset by falling technology shares as Oracle and Yahoo stumbled, but the Dow managed to edge higher to set a record for a second straight session. Alibaba (BABA.N) took the spotlight after its initial public offering […]




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Alibaba surges 38 percent on massive demand in market debut

By Liana B. Baker, Jessica Toonkel and Ryan Vlastelica NEW YORK (Reuters) – Alibaba Group Holding Ltd’s (BABA.N) shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet […]




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G20 finance ministers add to fears of a stock-market bubble

To the list of worriers who feel financial markets are getting overheated, add 20 more. Finance ministers from the Group of 20, which includes the United States, the U.K, the European Union and China, warned at their latest meeting that financial markets may be headed for a slump. “Downside risks persist, including in financial markets,” […]




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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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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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