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Facebook Has To Answer One Question Today, Or Else (FB)
It's early on the West Coast, but we'd believe that Facebook executives Sheryl Sandberg and Mark Zuckerberg are having a hard time sleeping. Facebook reports its third-quarter earnings this afternoon...
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On Wall Street Trading Desks, Here's What They're Talking About Right Now
Michael Block of Phoenix Partners passes along today's top trader bullets: No way in hell Spain makes its deficit target this year. They are off by at least 100 bps. And yet no bailout request until...
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The 7 Hottest Housing Markets In America
National home prices are expected to rise 1.7 percent from Q3 2012 - Q3 2013, according to Zillow's latest report. In fact, the report finds that 183 of the 252 markets surveyed have hit a bottom, but...
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Malaria Has Come To Greece
Global health bodies have issued warnings to travellers to the worst hit region in the south of the country, with fears that Athens could soon be affected. Austerity budgets have resulted in drastic...
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Fast Food Chains Can't Figure Out Chinese Breakfast
LIKE everyone else, Chinese people love fast food. Western purveyors of salty, fatty delectables such as McDonald’s and KFC serve up vast quantities of lunch and dinner to the world’s most populous...
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UPDATE: MARKET BLOODBATH GETTING WORSE: Earnings Coming In Ugly (DD, MMM)
You can get a full roundup of what's happening in markets this morning here, but the basic gist is: Markets tumbling everywhere, lots of weak earnings. First, the markets: Dow futures are off about 130...
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Chinese Flash PMI Jumps To A 3-Month High — And The Aussie Dollar Is Shooting Up
Chinese Flash PMI has risen to 49.1, a 3-month high. 49.1 is still contraction, but it would appear that the pace of contraction is slowing, consistent with the idea that there is some kind of firming...
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Dow Chemical Earnings Leak, Management Announces 2,400 Layoffs, Blames...
NEW YORK (Reuters) - Dow Chemical Co, the largest chemical maker in the United States, said on Tuesday it plans to cut 5 percent of its workforce and shutter 20 plants as part of a restructuring...
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Europe Is Swan Diving Again
The day had started with a "risk on" tone after a decent (but not spectacular) Chinese Flash PMI report. But things are crumbling again in Europe. Italy is down nearly 1% and Spain is close behind that...
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Dismal Flash PMI Report Explodes The Idea That Europe Is Making A Comeback
The Flash PMI report for Europe -- an index based on a survey of manufacturing and service companies -- looks awful. The composite index (which blends manufacturing and services) has fallen to a...
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Drop In German Business Confidence Survey Shocks Everyone
You'd think that over the last we months, we'd have seen a general rise in Eurozone business confidence, along with the widespread belief that the ECB has taken the tail risk collapse scenario off the...
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Another Obama InTrade Crash
Yesterday morning, a few hours after the debate, Obama crashed on InTrade, from around 61 to 57. Last night? Another one. He briefly crashed to 51, before stabilizing where he is now in the mid-50s....
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European Markets Have Come Charging Back
The economic news in Europe has been generally dour this morning. We summarized it here, but it basically comes down to weak PMI reports and a bad German confidence report. Markets remain red, but off...
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Everyone But Nate Silver Thinks Obama's Lead Is Evaporating Fast
Obama's odds of winning re-election continue to fall on betting markets Intrade and Betfair. Many polls also show what increasingly looks like a dead heat (or even, in some cases, a Romney lead). But...
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This Ugly Earnings Season Summarized In One Paragraph
The US market seems to have hit a landmine during this earnings season. Although it was never expected to be good, markets have had a hard time digesting the news. But it hasn't been that bad from a...
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How Demographics Will Save The US Housing Market
It is a well known fact that homeownership in the US has been on a decline, a trend that started even before the financial crisis. Now Moody's predicts this trend will begin reversing next year. Their...
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Several Key Datapoints And Events Are Coming Today
The FHFA house price index for August was released late today (GSE loans). FHFA House Price Index Up 0.7 Percent in August: U.S. house prices rose 0.7 percent on a seasonally adjusted basis from July...
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Business Insider's Ringing The Bell This Morning!
Look out, investors! Business Insider is ringing the bell at the New York Stock Exchange this morning. And we are STOKED about it. (This really is an awesomely fun thing to do. Do it if you get the...
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The 10 US Cities With The Best Job Growth Right Now
Some cities are experiencing economic recovery faster than others. To find out which areas are producing the most job growth after the recession, CareerBuilder teamed up with the Economic Modeling...
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Thailand's Giant Pile Of Rice Threatens To Flood Global Markets
Thailand's status as the world's top rice exporter is under threat from a controversial scheme to boost farmer incomes that has resulted in a growing mountain of unsold stocks, experts warn. Prime...
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