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Procrastinating on your taxes? Avoid these 6 common

  • April 8, 2017
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Leaving everything to the last minute can cost you money I get it. Doing your taxes is no fun, especially if you know you’re going to owe money. But as with any project on which you procrastinate, leaving everything to the last minute can lead to errors, both large and small, and some of those

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10-year Treasury yield rebounds off November lows, after jobs report, Syria

  • April 8, 2017
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Treasury yields bounced off session lows on Friday as investors looked past a U.S. airstrike in Syria late-Thursday and lackluster data from the Labor Department on March employment to push yields higher, in a week fraught with geopolitical events. Yields for 10-year notes fell 3.2 basis points to 2.375%, the yield had slipped below 2.271%—the

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Fed won’t be pushed off course by March payroll data

  • April 8, 2017
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The weaker-than-expected headline from the March jobs report will not deter the Federal Reserve from raising short-term interest rates twice more this year, economists said. The March data won’t knock them off course. The U.S. created just 98,000 new jobs in March, economists say the data is not a signal that the U.S. economy is

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US Economy Adds Far Fewer Jobs In March Than Expected

  • April 7, 2017
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The U.S. created just 98,000 new jobs in March to mark the smallest gain in almost a year, as hiring cooled off after a strong start in 2017. Economists polled by MarketWatch had predicted a 185,000 increase in nonfarm jobs. Yet the unemployment rate fell to 4.5% from 4.7% – the lowest level in almost

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U.S. wholesale inventories rise 0.4% in February

  • April 7, 2017
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Wholesale inventories in the U.S. rose 0.4% in February, rebounding from a decline at the start of 2017, the government said Friday. The inventory-to-sales ratio was unchanged at 1.28 months, but it was down from 1.36 a year earlier. The ratio reflects how long it would take a company to sell all the goods sitting

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Initial jobless claims drop 25,000 to 234,000

  • April 6, 2017
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The number of Americans who applied for unemployment benefits last week sank by 25,000 to 234,000, marking the second-lowest level of the current economic expansion and reflecting a tight labor market in which firms say it’s hard to find good help. The bulk of the decline took place in the large states of California, New

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ISM non-manufacturing index hits 55.2 in March, vs. 57 estimate

  • April 5, 2017
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Economic activity in the non-manufacturing sector grew in March for the 87th consecutive month, the Institute of Supply Management reported on Wednesday. The institute’s non-manufacturing index hit 55.2 in March, down from 57.6 in the previous month. This represents continued growth in the non-manufacturing sector at a slower rate, the group said.

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Fed Minutes: Members Anticipate Changes to Balance Sheet Later This Year

  • April 5, 2017
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Minutes from the Federal Reserve’s March meeting showed members anticipate gradual increases in the benchmark federal fund rate to continue this year while changes to the balance sheet are likely appropriate later in 2017 .

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U.S. trade deficit drops 10% in February

  • April 4, 2017
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The U.S. trade deficit sank almost 10% in February, aided by an increase in exports to a 26-month high and a plunge in imports of autos and cell phones. The deficit fell to $43.6 billion in February, more than canceling out a big increase in January that raised the nation’s trade gap to a five-year

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Dollar firms as manufacturing data seen supporting Fed rate hikes

  • April 3, 2017
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The dollar firmed moderately against leading rivals Monday ahead of U.S. manufacturing data that’s expected to show little change from recent readings, but likely won’t sway the Federal Reserve from plans to raise interest rates again this year. Accordingly, the dollar’s moves were limited so far.

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