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Dow 15,000: Why Stocks Keep Hitting New Records
Tweet Share on Facebook May 3, 2013 CommentSometimes on Wall Street, the thing everybody expects to happen is the one thing that doesn't. So with many analysts predicting a stock-market correction, perhaps it's fitting that the Dow Jones Industrial Average keeps hitting new records.
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The Jobs Report Brings Irrational Exuberance Back Into Vogue
Tweet Share on Facebook May 3, 2013 CommentWe must be desperate for something to celebrate.
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Penny Pritzker's Subprime Problem
Tweet Share on Facebook May 3, 2013 CommentThe 2008 financial meltdown, fueled by excessive subprime lending, snared many Wall Street titans. But well before that, subprime lending tripped up a billionaire heiress who is now poised to be President Barack Obama's next Commerce Secretary.
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5 Reasons the Housing Recovery Remains Wobbly
Tweet Share on Facebook May 3, 2013 CommentHere's one offbeat indicator of a housing revival: RealtyTrac just published a list of the "top 25 markets for flipping homes."
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If Stocks Tank, Don’t Worry
Tweet Share on Facebook May 2, 2013 CommentBEVERLY HILLS, CALIF. – Wall Street is waiting for a stock-market correction, which could shave 5 percent or even 10 percent off stock indexes such as the Dow Jones Industrial Average. With stocks up a frothy 11 percent so far this year – and some bad economic news brewing – many top investors feel a pullback would be natural, even healthy.
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Beware the 'Zombie Stock Market'
Tweet Share on Facebook May 2, 2013 CommentBEVERLY HILLS, CALIF. – The two words spoken most frequently here at the Milken Institute's annual gathering of business leaders were "cautiously optimistic." That's how a variety of CEOs and financial titans view the outlook for the economy.
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Consumer Confidence is High, Spending Levels Are Not
Tweet Share on Facebook May 1, 2013 CommentBEVERLY HILLS, Calif. - American consumers are a cheerful bunch, hard to keep down for long. And the whole economy depends on their willingness to spend money.
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Someday, Your Smartphone Will Actually Improve Your Life
Tweet Share on Facebook April 30, 2013 CommentBEVERLY HILLS, CALIF. – You might be enthralled with your iPhone or your Android device (or even your Blackberry). But what has it done for you?
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Fat-Cat Bankers Hiss Back at Washington
Tweet Share on Facebook April 30, 2013 CommentBEVERLY HILLS, CALIF. – Since the 2008 financial meltdown, Washington politicians and many of their constituents have vilified the financial industry for greed and indifference. Now the fat-cat bankers are hissing back.
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How the SEC Can Prevent Controversy Over Political Donations
Tweet Share on Facebook April 29, 2013 CommentAre secrets necessary to protect freedom?
