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Jerry Brown dismisses 'kerfuffle' over tax forecasts
SACRAMENTO -- Gov. Jerry Brown said Wednesday it would be a mistake to count on the extra tax revenue that was projected by the legislative analyst last week. The nonpartisan Legislative Analyst's Office says the state will receive $3.2 billion more...
Tags: Government, Regional Authority, Weather Reports, Weather, Executive Branch
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US STOCKS SNAPSHOT-Wall St extends losses, S&P down 1 pct
ReutersNEW YORK, May 22 (Reuters) - U.S. stocks extended their decline on Wednesday, with the S&P 500 falling 1 percent following remarks by Federal Reserve Chairman Ben Bernanke which suggested the central bank was not ready to pull back on its economic...Tags: Nasdaq Composite, Federal Reserve, S&P 500, Financial Markets, Stock Activities
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US STOCKS SNAPSHOT - Wall St ends lower after Fed minutes
ReutersNEW YORK, May 22 (Reuters) - U.S. stocks fell on Wednesday after minutes from the latest U.S. Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting. Based on the latest available...Tags: Federal Reserve, Nasdaq Composite, Microsoft Corporation, NASDAQ, S&P 500
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CANADA STOCKS-TSX ends higher as Fed comments boost golds
ReutersTORONTO, May 22 (Reuters) - Canada's main stock index closed a bit higher on Wednesday after a day of choppy trading as optimism that the U.S. Federal Reserve will keep its easy money policy in place for now lifted shares of gold producers. The Toronto...Tags: Federal Reserve, Toronto (Canada), Canada, Toronto Stock Exchange
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Japan rates may torpedo recovery
Reuters(Reuters) - Spiking interest rates in Japan threaten to undermine, and possibly end, the recovery being engendered by Abenomics. That could reverse gains not only in Tokyo stocks, but in stock markets world-wide which have benefited from Japanese...Tags: Shinzo Abe, Finance, Japan, Bonds, Economic Policy
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U.S.-based municipal bond funds gained $602 mln in latest week -ICI
ReutersBy Sam Forgione NEW YORK, May 22 (Reuters) - Investors in mutual funds based in the United States committed $602 million to municipal bond funds in the latest week, the most since mid-February, according to data released by the Investment Company...Tags: Finance, Bank of America Corp., Citigroup Incorporated, Bonds, S&P 500
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U.S.-based municipal bond funds gained $602 million in latest week - ICI
ReutersNEW YORK (Reuters) - Investors in mutual funds based in the United States committed $602 million to municipal bond funds in the latest week, the most since mid-February, according to data released by the Investment Company Institute on Wednesday. The...Tags: Finance, Bank of America Corp., Citigroup Incorporated, Google Inc., S&P 500
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GLOBAL MARKETS-Stocks, oil fall after Bernanke; dollar gains
Reuters* Investors focus on possible tapering of Fed's bond buying * Dollar index up, Treasuries fall * U.S. stocks turn lower, S&P 500 comes off high * Crude oil tumbles after jump in supplies By Ryan Vlastelica NEW YORK, May 22 (Reuters) - Stocks, bonds...Tags: Nasdaq Composite, Federal Reserve, Japan, Financial Markets, Ben Bernanke
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PIMCO's Gross says US Fed likely to ease stimulus in Sept -CNBC
ReutersNEW YORK, May 22 (Reuters) - Bill Gross, co-chief investment officer of bond giant PIMCO, said on Wednesday the U.S. Federal Reserve will likely begin tapering its monetary stimulus in September and that bond investors might have already anticipated the...Tags: Satellite and Cable Service, CNBC (tv network), Television Industry, S&P 500, Television Networks
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Stocks fall after Fed minutes show policymakers had weighed a pullback on its stimulus program
NEW YORK (AP) — Stocks are closing lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve. The release of minutes of the Fed's April 30-May 1 meeting...Tags: Federal Reserve, S&P 500, NASDAQ, NYSE Euronext, Inc., Financial Markets
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PIMCO's Gross says Fed likely to ease stimulus in September: CNBC
ReutersNEW YORK (Reuters) - Bill Gross, co-chief investment officer of bond giant PIMCO, said on Wednesday the U.S. Federal Reserve will likely begin tapering its monetary stimulus in September and that bond investors might have already anticipated the move. "I...Tags: Federal Reserve, Satellite and Cable Service, S&P 500, CNBC (tv network), Television Industry
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Bernanke warns that premature ending of Fed's stimulus efforts would carry substantial risks
AP Economics WriterWASHINGTON (AP) — Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs. Reducing the Fed's efforts to keep borrowing rates...Tags: Federal Reserve, Kevin Brady, Career and Workplace, Consumer Confidence, Financial Markets
May 22, 2013
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May 22, 2013
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May 22, 2013
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