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More signs of economic weakness triggered a global sell-off in stocks Thursday. The Dow Jones industrial average fell more than 400 points in a return to the wild swings in the market last week. In the United States, there were reports that more people joined the unemployment line last week than a week earlier, gasoline… Continue Reading Here we go again: Stocks plunge on economic fear

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Colorado is receiving $15.3 million in federal grants to fund several transportation projects. U.S. Transportation Secretary Ray LaHood says the grants announced Wednesday will create jobs and strengthen the state economy. The grant money will help with the widening of Interstate 225 between Parker Road and Mississippi Avenue in Denver. The funds will also go… Continue Reading Colo. gets $15.3 million in federal transportation funds

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Rising stock prices push oil near $88 a barrel

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Oil rose Wednesday on renewed optimism about the U.S. economy, as traders took their cue from higher stock prices. Benchmark West Texas Intermediate crude for September delivery rose $1.25 to $87.89 per barrel in midday trading on the New York Mercantile Exchange. Brent crude, which is used to price many international oil varieties, increased by… Continue Reading Rising stock prices push oil near $88 a barrel

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U.S. automakers rebounded in July to boost factory production by the most since the Japan crisis. But builders broke ground on fewer single-family houses, leaving home construction at depressed levels. The mixed data suggest the economy remains fragile but is not on the cusp of another recession. Overall industrial production, which includes output by utilities,… Continue Reading Automakers rebound in July to lift factory output

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After calamitous losses on Wall Street and fears of another recession, the economy got a dose of good news Thursday: The number of people applying for unemployment benefits fell below 400,000 for the first time since April. Layoffs are easing in most states, and some economists are predicting mild improvement in job growth. The brighter… Continue Reading 4-month low in unemployment claims eases fears

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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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