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Business News

Location American Business News for 3 July 2016

Gold prices aren't going to stay this high

Business Insider - 3 Jul 2016 14:33
Gold prices aren't going to stay this high Gold has taken off in the past week as part of the post-Brexit "safe haven" rally. The precious metal jumped as much as 7% the day after the UK voted to leave the European Union and has stayed elevated since. This rally,...
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Auto industry seeks break on new fuel economy standards The auto industry is looking for a break as fuel economy standards become even tighter.          
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Wacky factoid connects Brexit fallout to Dow's worst day If you're the kind of "Beautiful Mind" numbers person who tends to see patterns in the world, then you'll love this observation sent to us by our friend, "symbology consultant" Tom Siebert. On Friday, June 24, in the aft...
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People are spending less at restaurants -- and it's ominous news for the economy Andrew Burton/Getty Images The restaurant industry is providing some ominous insight into how Americans are feeling about the economy. Restaurant sales are virtually flat, and they're expected to remain weak for the rest...
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LONDON/FRANKFURT
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When the Neighborhood Is Owned by Billion-Dollar Companies When neighborhood houses are owned by billion-dollar companies and not by the occupants
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Kuwait posts $18B deficit as lower oil prices slash revenue Reuters/Stephanie Mcgehee Kuwait's finance minister says the oil-exporting country has posted a budget deficit of $18.2 billion for the most recent fiscal year as lower crude prices slash into government revenue. Anas al...
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Meet the leaker who reveals Apple's products before they come out (AAPL) OnLeaks Apple can't keep a secret anymore. Because it needs to make so many iPhones to meet considerable demand, its partner factories start cranking out parts as early as the spring in anticipation of a fall launch.  ...
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Luxury apartments in New York just aren't selling like they used to Shutterstock/ariadna de raadt The number of Manhattan apartments sales fell to the second-lowest level in a decade in the second quarter, according to NYC department of finance data analyzed by the Wall Street Journal. A...
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Why Millennials, minorities face greater debt risk When it comes to dealing with debt, too often the deck can be stacked against them.          
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The foreseeable future of the economy has nothing to do with the economy Stefan Wermuth/Reuters Over the past couple of weeks the world economy has been captivated by the UK's vote to leave the European Union. The Brexit was named as the culprit of global stock markets rise, fall, and rise. I...
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An $8 billion hedge fund suddenly imploded -- here's how it played out Visium Asset Management, a one-time rising hedge fund, is shutting down after its former employees were charged with insider trading and fraud. It's a quick turnaround since the New York hedge fund managed $7.8 billion...
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Something very worrying seems to be happening in China's jobs market Reuters The current hiring trend in China's housing market is eerily similar to that of 2013, and that sends an important warning signal. Keeping China's property market in good shape is paramount to the country. It's a ...
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Israeli minister says Facebook is a 'monster' that hinders security (Reuters) – Israel’s Minister of Internal Security on Saturday accused Facebook and its founder, Mark Zuckerberg, of not doing enough to prevent incitement against Israel and said the social network was “sabotaging...
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A new study provides a dramatic answer to the question nagging potential college students: Is college worth it? …
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Sprinter LaShawn Merritt has won a pair of Olympic gold medals and might take home a few more before his career is over. …
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Iran's e-commerce industry is booming

Business Insider - 3 Jul 2016 06:01
Iran's e-commerce industry is booming REUTERS/Morteza Nikoubazl Two politico-economic decisions have exerted enormous influence on the growth potential of the Iranian e-commerce sector, somewhat mitigating the risk of investing in the industry. The first is ...
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Jack Taylor, Billionaire And Founder Of Enterprise Rent A Car, Dies At 94 A longtime member of The Forbes 400 and Forbes list of the World's Billionaires, Taylor and his family's net worth is an estimated $5.8 billion.
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There's an international In-N-Out knockoff chain opening in California -- here's how it compares to the real thing Josh Scherer CaliBurger, the completely shameless In-N-Out knockoff that first opened in China and got sued for intellectual property infringement, is finally open in Pasadena. This is great news all around. Storyline...
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This 4-Stock Tech Portfolio Yields 8.5%

Forbes - 3 Jul 2016 16:19
This 4-Stock Tech Portfolio Yields 8.5% Dividend growth investors today are lucky to get 3% from their large cap stocks while tech investors endure painful volatility without any short-term reward. But I know how to get the best of both worlds with a 4-fund te...
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Condé Nast's Dawn Ostroff introduces virtual reality entertainment On the Money caught up with Condé Nast Entertainment President Dawn Ostroff at the Cannes Lions festival to discuss the company's mobile entertainment destination, The Scene, and a virtual reality project she's working ...
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How Heroes of the Storm's senior producer turned a testing gig into a Blizzard career Even the mightiest chieftain has to start out as a wood-cutting grunt. Today, Blizzard is one of the biggest companies in gaming and celebrating its 25th anniversary. It is supporting modern hits like Hearthstone, World ...
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