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US employers add 228K jobs; unemployment rate stays 4.1 pct.
WASHINGTON | U.S. employers added a robust 228,000 jobs in November, a sign of the job market’s enduring strength in its ninth year of economic recovery. The unemployment rate remained at a 17-year low...
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Bitcoin soars then falls back; banks raise risk concerns
NEW YORK | Even by bitcoin standards, Thursday was a wild ride. With a few hours, the volatile digital currency surged above $19,000, dropped back below $16,000, and then see-sawed before settling in...
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US job openings slip in October, but hiring increased
WASHINGTON | U.S. employers posted slightly fewer job openings in October than the previous month, but the number of people being hired improved. The Labor Department says nearly 6 million jobs were...
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Bitcoin futures rise as virtual currency hits major exchange
CHICAGO | The first-ever bitcoin future jumped after it began trading Sunday as the increasingly popular virtual currency made its debut on a major U.S. exchange. The futures contract that expires in...
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Amid Amazon competition, Westfield malls sold for $15.7B
PARIS | The owner of Westfield shopping centers is being bought by French property investor Unibail-Rodamco for $15.7 billion as shop retailers struggle to keep up with the move to online sites like...
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US wholesale prices up 0.4 percent in November
WASHINGTON | Prices at the wholesale level rose 0.4 percent in November and 3.1 percent over the past year. It was the biggest annual jump in nearly six years and reflected a big spike in the price of...
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Bitcoin futures soar amid frenzy over virtual currency
NEW YORK | Wall Street got its first taste of bitcoin on Monday, with the price of the first-ever futures contract for the digital currency jumping 20 percent. It’s a step forward for the bitcoin,...
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That new store card could torpedo your credit score
Getting a deal during the holidays is a great American tradition. So when a sales clerk cheerfully asks, “Would you like to save 20 percent on your purchases today by opening a card with us?” it fits...
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Gasoline prices lift US consumer inflation 0.4 percent
WASHINGTON | Surging gasoline prices pulled U.S. consumer inflation up 0.4 percent in November. The Labor Department said Wednesday that prices at the pump increased a sharp 7.3 percent after falling...
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Joint project bends reality to provide relief
AURORA | For more than a decade, Antonio Vargas’s bum left knee made even the most-basic tasks a challenge. Climbing his stairs meant sitting on his bum and pushing himself up one step at a time —...
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US 30-year, fixed-rate mortgage rate slips to 3.93 percent
WASHINGTON | The rate on 30-year fixed-rate U.S. mortgages slipped to 3.93 percent this week. Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year home loan rate was down from 3.94...
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US retail sales jump in November on strong holiday sales
WASHINGTON | U.S. consumers went on a shopping binge last month as the holiday season began, leading to big gains among online retailers, electronics stores and furniture stores. The Commerce...
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Applications for US jobless aid drop by 11,000 to 225,000
WASHINGTON | The number of Americans applying for unemployment benefits fell by 11,000 last week to 225,000, the lowest in nearly two months and another sign that U.S. workers are enjoying job...
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As Disney swallows Fox, a new era dawns for Hollywood
NEW YORK | After years of tremors, the earthquake that had long been predicted finally shook Hollywood. Disney’s deal to purchase most of 21st Century Fox ends the era of the “Big Six” major movie...
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US prosecutors move to cash in on $8.5M in seized bitcoin
SALT LAKE CITY | U.S. attorneys in Utah prosecuting a multimillion-dollar opioid drug-ring are moving quickly to sell seized bitcoin that’s exploded in value to about $8.5 million since the alleged...
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US industrial production rose 0.2 percent in November
WASHINGTON | U.S. industrial production rose 0.2 percent in November due to a rebound in extracting oil and natural gas after a stoppage due to Hurricane Nate. The Federal Reserve said Friday that...
View ArticleGet Started: How tax bill agreement would affect businesses
TAX AGREEMENT AND SMALL BUSINESSES The Republican agreement on a tax bill gives many small company owners breaks on their business income taxes and allows them to deduct a larger portion of their...
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China’s Huawei to expand in US smartphone market next year
BEIJING | Chinese smartphone brand Huawei will start sales through U.S. carriers next year, a Huawei executive said Monday, stepping up the No. 3 global handset seller’s presence in the home market of...
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US homebuilder sentiment hits highest mark since 1999
WASHINGTON | U.S. homebuilders are feeling more optimistic than they have in nearly two decades. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose five...
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US housing starts rose 3.3 percent in November
WASHINGTON | Construction of new homes increased 3.3 percent in November — with the gain largely coming from single-family houses being built at the strongest pace in more than a decade. The Commerce...
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