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Dow hits new record as home prices rise
The Dow closed at a new all-time high Tuesday after strong gains in US home prices and consumer confidence boosted stocks. At the closing bell, the Dow Jones Industrial Average was up 108.05 (0.71 percent) to 15,411.15, a new all-time high. The S&P 500 put on 10.58 (0.64 percent) to…
Britain launches ‘wide ranging review’ of horsemeat scandal
The British government said Monday it was launching a wide-ranging review into the horsemeat scandal in a bid to restore consumer confidence. Food Minister David Heath said the review would look for any weaknesses in the food chain that could be exploited by unscrupulous traders. The move comes after revelations…
U.S. stocks in broad rally after upbeat data
NEW YORK — Some buoyant data on consumer confidence and the manufacturing sector gave Wall Street a solid bump higher Thursday after Wednesday’s flat reopening following the Hurricane Sandy shutdown. The data trumped another mixed bag of earnings and dull forecasts for the coming months from companies like ExxonMobil and…
U.S. consumer confidence rebounds in September
US consumer confidence rebounded sharply this month after a plunge in August, the Conference Board said Tuesday in its monthly survey release. The board’s consumer confidence index hit its highest level since February, rising to 70.3 from 61.3 in August.…
U.S. consumer confidence plunges in August
US consumer confidence plunged in August to its lowest level in nine months, reflecting rising concerns over business and job prospects across the country, the Conference Board said Tuesday. The board’s consumer confidence index dropped to 60.6 from 65.4 in July, though still well above the 45.2 index level of…
Auto industry could lead U.S. economic recovery: survey
DETROIT (Reuters) – The auto industry could lead an economic recovery in the United States, according to a recent survey by audit, tax and advisory firm KPMG. Auto executives plan to do more hiring and more capital spending than executives in any other sector in the next year, according to…
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