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Dollar's Rally Last Week Came on Bets Fed Will Slow QE
The dollar last week gained the most in almost two months against the euro amid bets the Federal Reserve will slow its asset purchases under the quantitative-easing stimulus strategy on signs the world's biggest economy is accelerating.
Correction Talk Gets Old as Rally Sails Along
With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
Dow, S&P End at Records in Wall Street's 4th Week of Gains
U.S. stocks continued their climb into uncharted territory, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies.
Gold Caps Longest Slump in Four Years on Dollar Rally, Fed Bets
Gold fell, capping the longest slump in four years, as the dollar jumped to a 34-month high and a Federal Reserve policy maker said that U.S. monetary stimulus may be reduced within months.
US Authorities Seize Accounts of Major Bitcoin Operator
U.S. authorities have seized two accounts linked to a major operator in the booming Bitcoin digital currency market, Tokyo-based exchange Mt. Gox.
IMF: Cyprus at Risk of Even Deeper Recession
The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default. A new IMF report predicted a deep recession in Cyprus this year and next and said...
Bankers See M&A Recovery After Deals Drop 7% So Far in 2013
A drop in European takeovers has depressed global merger and acquisitions (M&A) activity so far this year, but bankers see activity picking up as a rally in stocks and bonds helps compensate for a prolonged eurozone recession.
Gold Bears Revived as Rout Resumes After Coin Rush
Gold bears are dominant again after prices resumed their slump and billionaire George Soros joined investors selling holdings in exchange-traded products that have retreated to a two-year low.
ECB to Keep Monetary Policy Loose for 'Quite a Long Time'
The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for quite a long time, ECB executive board members said on Friday.
NBC News: Climate Change Is Putting Food Supply At Risk
Evidence is growing that the nation's food supply is being threatened as climate change causes adverse ripple effects for the things we drink and eat, according to NBC News.
Oil Price-Fixing Probe Widens as Neste Helps EU Inquiry
The European oil price-fixing probe expanded as Neste Oil Oyj, Finland s only refiner, said it was asked to provide information regarding potential manipulation of global crude and biofuel markets.The widening investigation comes as Pannonia Ethanol, a Hungarian biofuel...
Fortress' Novogratz: Fine Art Market Is a Bubble Ready to Pop
The fine art market is a bubble ready to pop, according to Michael Novogratz of Fortress Investment Group.
Gold Posts Longest Slump Since 2011 as Investment Demand Ebbs
Gold futures fell, capping the longest slump in 16 months, as U.S. filings showed that George Soros and Blackrock Inc. cut stakes in exchange-traded products backed by the metal, signaling waning investment demand.
Merkel, Hollande at Odds Over Europe's Way Forward
Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments by the leaders of the continent's No. 1 and 2 economies suggested they still have diverging priorities.
France's Hollande Urges Euro Zone Government
French President Francois Hollande called for an economic government for the euro zone with its own budget, the right to borrow, a harmonized tax system and a full-time president.
North America Has Enough Summer Power, but Texas Problem Possible
North America should have enough power to meet electricity demands this summer, the region's electric reliability organization said.
UK Trade May Struggle to Stand Still After EU Exit
As British Prime Minister David Cameron struggles to accommodate euroskeptics in his own party, trade experts warn that quitting the European Union would force Britain not just to rework trade relations with the EU, but also with the EU's trade partners.
Gold Seen Falling to $1,100 an Ounce in a Year by Credit Suisse
Gold will trade at $1,100 an ounce in a year, according to Credit Suisse Group AG.
In Bloomberg Uproar, Ethics Flags for New Media
Launching his namesake company's news division in the 1990s, Michael Bloomberg largely rejected long-held rules of the journalism trade that insist on keeping thick firewalls between reporters and the profit-making workings of their companies.Now, a byproduct of Bloomberg's...
Quartz: China Is Targeting the Arctic for its Food Supply
China is desperate to stake an ownership claim to part of the Arctic territory because there is food there for its burgeoning population, according to an analysis by Quartz.
Soros Joins Gold-Stake Cuts Before Bear Market Drop
Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 million in the first...
Google Updates Music to Maps as Stock Rises Above $900 for First Time
Google Inc. introduced subscription music streaming and overhauled its mapping service at a developer meeting, seeking to attract users and advertisers.
Wall Street Extends Winning Streak to Records
U.S. stocks scaled record highs as weak data reinforced expectations that stimulative central bank policies would continue, while evidence that Europe was stuck in recession pushed the euro to a six-week low against the dollar.
Gold Slips Below $1,400 on Economic Optimism
Gold slid below $1,400 an ounce, losing two percent and hitting its lowest in nearly a month as a record rally in U.S. equities and economic optimism undermined bullion's safe-haven appeal.
Oil Pricing Probe Widens as Britain Pledges Tough Action
Oil companies will face the full force of the law if they manipulated prices, Britain's energy minister said on Wednesday as a rating agency warned of massive fines if a European Commission's probe into oil pricing found any wrongdoing.
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