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Tens Of Thousands Protest Austerity Cuts In Spain
MADRID (AP) — Tens of thousands of people across Spain are protesting education and health care spending cuts as the country slides into its second recession in three years. With unemployment at 24.4...
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Neel Kashkari: This Is The Fundamental Reason Homeowners Have Not Been Saved
While some argue the U.S. housing market has bottomed the tidal of wave foreclosures expected this year leaves room for debate. Recent data shows that over 4 million mortgages in the U.S. have been...
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The FDA Just Approved A Drug To Treat 'Plague' (JNJ)
NEW BRUNSWICK, N.J. (AP) — U.S. regulators have approved use of a powerful Johnson & Johnson antibiotic to treat plague, an extremely rare, sometimes-deadly bacterial infection. The Food and Drug...
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In The Past Week, We Heard 3 Huge Bears Say One Really Bullish Thing About...
We're beginning to think that US natural gas/energy is the most popular contrarian idea there is, if that is even possible. In the past week, we've heard three people who could definitely be described...
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REPORT: Goldman's Jim O'Neill Is A Candidate For Bank Of England Governor
The Sunday Times is reporting that Jim O'Neill, Chairman of Goldman Sachs Asset Management, is in the running to become a governor for the Bank of England. This report is coming to us via Bloomberg....
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Peter Orszag: There Could Be A Silver Lining To 'Taxmageddon'
"Taxmageddon", or the tax increase and spending cuts set for start of 2013, is fast approaching. This happens to coincide with the timeline for the debt limit which complicates the picture, writes...
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HUGH HENDRY: It Looks Like America Is 'Creating Yet Another Historic Turning...
We wrote yesterday about how how Hugh Hendry is back with his first big shareholder letter since 2010. The gist is that Hendry is more bearish than ever on China, and that his favorite way to play it...
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Check Out How Much Less Money Americans Are Making Than Before The Crash
This chart from Bill McBride at Calculated Risk shows one reason why the economy is still sputtering along: Because Americans are still making much less money than they were before the recession. The...
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BIG MISS: Chesapeake Energy EPS Comes In At $0.19 (CHK)
Chesapeake announced earnings per share of $0.19 cents for Q1. Analysts had estimated $0.28. The company also announced revenue of $2.42 billion, topping estimates of $2.35 billion. SEE MORE: The...
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Shares Of OpenTable Are Getting Murdered (OPEN)
Shares of OpenTable, the company that lets you set up reservations to restaurants electronically, are getting murdered after reporting earnings. The stock is down about 20%. Via Bloomberg, here are the...
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JIM CHANOS: 'Natural Gas Is Undergoing A Revolution In The US' And There Will...
Legendary hedge fund manager Jim Chanos of Kynikos Associates told Bloomberg TV's Stephanie Ruhle today that while the U.S. is on the brink of a new age in energy production, but many companies will be...
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Google's Soon-To-Be Phone Division (Motorola) Had Another Crappy Quarter...
We've got good news and bad news for Google's soon-to-be phone division, Motorola. The good news: It beat analyst expectations for sales last quarter, booking about $3.08 billion in revenue. On...
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Japan's Services PMI Dips To 51, Job Creation Rate Is Highest In Almost 4 Years
Japan's services PMI fell to 51 in April from 53.7 in March. From Markit: Japanese service providers recorded another month of activity growth during April, although the rate of expansion eased since...
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South Korea's Manufacturing PMI Climbs To 51.9, Marginal Job Creation
South Korea's HSBC manufacturing PMI number came in at 51.9 in April. From Markit: April data showed manufacturing sector operating conditions improving for the third month in succession. Factory...
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Taiwan Manufacturing PMI Dips To 51.2, Manufacturers See Growth Decelerate
Taiwan's HSBC manufacturing PMI fell to 51.2 in April, down from 54.1 in March. Key points: PMI indicates weakest improvement in operating conditions in current three-month sequence Growth of both...
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China HSBC Manufacturing PMI Climbs To 49.3, Employment Down At Fastest Rate...
UPDATE:The number came in at 49.3, which was higher than the 49.1 flash number. However, it's still below the 50 reading. Key points: Manufacturing output and new orders both fall at marginal rates...
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Natural Gas Prices Continue To Gush As Production Declines (CHK, HAL, UNG, USO)
Natural gas prices built on yesterday's gains, as news of the EIA's report showing production declines works its way through markets. The NYMEX prices for June natural gas prices settled up 3.57...
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Big Macs Are A Great Tool To Help Economists Measure The Wealth Of Nations
The Big Mac is a triumph of technology. For thousands of years, families devoted the majority of their lives to food. Their waking hours were spent growing and harvesting crops, and most of their...
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Indonesia's PMI Comes In At 50.5, New Order Growth Weakens
Indonesia's HSBC PMI number came in at 50.5, down slightly from 50.8 a month ago. Key points: Production unchanged as new order growth weakens PMI™ slips to three-month low of 50.5 Input price...
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Russia's Manufacturing PMI Jumped To 52.9, Highest Level In Over A Year
Russia's HSBC Manufacturing PMI number jumped to 52.9 from 50.8 in March. Key points: PMI increases to highest level in over a year Faster growth of new orders and output generates job creation Input...
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