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President Barack Obama speaks during a campaign fundraiser in New York City. (Mandel Ngan/AFP/GettyImages)

Whalen: Economic 'Fatigue' Will Force Voters to Oust Incumbents

Improving economic indicators don't mean the broader economy is following suit, and politicians seeking re-election this year may be out of a job, says investment banker Christopher Whalen. "The fatigue that Americans feel after almost five years of crisis has not gone away," Whalen tells Newsmax TV. "I think all incumbents and not just Democrats and Republicans, in particular, but all incumbents are going to be facing a very tough road in terms of re-election this year." [Full Story]

Wiedemer: Fed to Print More Money if Stocks Drop 20%

A sluggish economy may prompt the Federal Reserve to roll out a third round of stimulus known as quantitative easing, says Robert Wiedemer, financial commentator and author.... [Full Story] |

Home Depot Co-Founder Langone: America's Best Days Are Ahead

Despite rampant government spending and heavy-handed regulations, the [Full Story]

Strategist Louis James: Gold’s Bull Run Isn’t Over

Gold’s 14 percent drop from its Feb. 28 high doesn’t signal an end to the [Full Story]

Soros Buys Shares of JPMorgan, Suntrust Banks and Sells Google

Billionaire George Soros’s investment firm added to financial stocks in [Full Story]

New Home Construction Exceeds Forecasts, but Permits Fall

U.S. housing starts rose more than expected in April, according to a [Full Story]

Rasmussen Poll: Half Americans Have Faith in Banking Sector

About half of Americans have faith in the stability of the U.S. banking [Full Story]

Analysts: Oil Markets Are Pricing in Doom

Oil prices continue plunging, hitting five-month lows recently and market [Full Story]

Pimco’s El-Erian: European Union is Set to Shrink

The European Union won't survive in its current form and will emerge [Full Story]

Facebook Boosts Size of IPO by 25%, Could Total $18 Billion

Facebook's owners now plan to sell 25 percent more shares in the company [Full Story]

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Finance News

Senate Leaders Move Toward Vote on Fed Nominees

President Barack Obama's two stalled nominees for the Federal Reserve are likely to clear a Senate procedural hurdle on Thursday, paving the way for anticipated confirmation, the chamber's leaders said on Tuesday. [Full Story]

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Economy

North Dakota Becomes 2nd-Biggest Oil Producing State

North Dakota has passed Alaska to become the second-leading oil-producing state in the nation, trailing only Texas, state officials said Tuesday. [Full Story]

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Companies

JC Penney Logs Loss, Halts Dividend as Sales Plummet

Retailer J.C. Penney reported a bigger-than-expected loss and sharply lower sales in the first quarter, as many of its customers rejected a new bold pricing strategy. [Full Story]

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Markets

Analysts: Oil Markets Are Pricing in Doom

Oil prices continue plunging, hitting five-month lows recently and market watchers are bracing for further losses. Escalating European debt fears, a cooling Chinese economy and sustained headwinds slowing U.S. recovery are sending U.S. crude futures to below $95 a barrel... [Full Story]

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Investing & Analysis

Buffett's Berkshire Buys GM, Viacom Stakes in Bet on Stocks

Berkshire Hathaway Inc. disclosed stakes in General Motors Co. and Viacom Inc. as deputies Todd Combs and Ted Weschler, both former hedge-fund managers, built their portfolios under Chairman Warren Buffett. Buffett's firm had 10 million shares of the automaker on March 31,... [Full Story]