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Wall Street’s wildest week since 2008 continued with another 300-point move for the Dow on Thursday. This time, stocks shot up after investors saw small signs that the economy isn’t headed into another recession. Fewer Americans joined the unemployment line last week and a technology bellwether said revenue could grow faster this quarter than analysts… Continue Reading Stocks rise on small but positive economic signs

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Stocks resume sell-off; Dow finishes down 519

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Back to reality for the stock market — and back down. Wall Street focused Wednesday on the bleak landscape ahead for the economy and sold off, wiping out the big gains from a day earlier and then some. The Dow Jones industrial average closed down 519 points. The selling was intensified by worries about debt… Continue Reading Stocks resume sell-off; Dow finishes down 519

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The weak economy is hitting Americans where they spend a lot of their free time: at the TV set. They’re canceling or forgoing cable and satellite TV subscriptions in record numbers, according to an analysis by The Associated Press of the companies’ quarterly earnings reports. The U.S. subscription-TV industry first showed a small net loss… Continue Reading Pay TV industry loses record number of subscribers

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Dollar declines as Fed policymakers meet

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The dollar is dropping as U.S. Federal Reserve policymakers are meeting. UBS analyst Chris Walker says that given the recent fears that the chance of a recession has increased, investor expectations have grown that there could be a significant policy announcement from the Fed. He says UBS economists don’t expect a big rescue effort, however.… Continue Reading Dollar declines as Fed policymakers meet

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The Greater Colorado Springs Chamber of Commerce and the Economic Development Corp. are working on a merger deal, discussing how the merged organization might be structured and possibly who its president and CEO should be. Who do you think should lead the organization? Leave a comment below.

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U.S. stock futures tumbled Monday amid a rout in global stocks after Standard & Poor’s downgraded the U.S. credit rating for the first time. S&P cut the long-term debt rating for the U.S. by one notch to AA+ from AAA late Friday. The move wasn’t unexpected, but it comes when investors are already feeling nervous… Continue Reading US stock futures tumble after S&P downgrade of US

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Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent. The modest improvement may quiet fears of another recession, but it wasn’t enough to prevent another losing day on Wall Street. Employers added 117,000 jobs last month, the Labor Department said Friday. That’s better than the past two months, which were… Continue Reading Unemployment rate dips, economy adds 117K jobs

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Unemployment remains stubbornly high at just over 9 percent, but it’s the alarming number of long-term jobless that is causing fresh concern for Democratic lawmakers. About 42 percent of the nation’s 14.1 million unemployed have been out of work for at least six months, and nearly one in three has been jobless more than a… Continue Reading Dems warn long-term jobless could derail recovery

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Stock indexes came back from deep losses in the morning and ended Wednesday with small gains. The Dow Jones industrial average avoided its longest losing streak since Jimmy Carter was president. The Dow rose 30 points — after being down 166 — to break an eight-day losing streak. Nine days would have been the longest… Continue Reading Dow edges higher, breaking an 8-day losing streak

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Oil prices fell below $92 a barrel Wednesday as more signs of a slowing U.S. economy raised concerns about demand for everything from gasoline to natural gas used to cool homes. Benchmark West Texas Intermediate crude dropped $2.10 to $91.69 a barrel in midday trading on the New York Mercantile Exchange. In London, Brent crude… Continue Reading Oil falls on concerns about economy and demand

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