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US retail sales jump in a sign of freer-spending consumers

Americans stepped up their spending at retailers in May, especially for autos, clothes and building materials, in a sign that strong job growth has begun to boost store sales. Retail sales rose at a seasonally adjusted 1.2 percent annual rate ...

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Economy shrank in winter but springing back

The U.S. economy shrank at a 0.7 percent annual rate in the first three months of the year, depressed by a severe winter and a widening trade deficit. The government’s revision for last quarter was weaker than its initial estimate ...

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Fed minutes indicate June rate hike unlikely

Federal Reserve policymakers largely agreed when they met last month that it would be too early to start raising interest rates in June, as they debated whether the economy’s winter weakness would fade or persist. While “a few” Fed officials ...

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April economic report suggests slow growth ahead in Midwest

An April survey of supply managers suggests that slow economic growth remains ahead for nine Midwestern and Plains states, with a sagging energy sector acting as a brake, according to a report released Friday. “Firms linked to energy and agriculture ...

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Health law bumps up tax refunds for some; others take hit

As the April 15 tax deadline nears, people who got help paying for health insurance under President Barack Obama's law are seeing the direct effect on their refunds — hundreds of dollars, for better or worse.

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Small investors blame losses on brokers they once trusted

The White House is backing a proposed rule that would require brokers handling retirement accounts to put the interest of their clients ahead of their own, a so-called fiduciary standard long required of lawyers, doctors and some financial professionals like registered investment advisers.

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Abolish the IRS? Easy to say, but awfully hard to do

Promising to abolish the Internal Revenue Service is a good talking point for political candidates who are looking to fire up the Republicans' most conservative voters. It's also unlikely to ever happen, no matter how easy folks such as Sen. Ted Cruz like to make it sound.

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High court limits securities suits over deceptive comments

A unanimous Supreme Court ruled Tuesday that investors can’t sue companies for making misleading statements of opinion prior to a public stock offering just because those statements ultimately turn out to be wrong.

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