Service sector growth slows in September as orders plunge

Growth in the U.S. services sector slowed in September as sales fell and new orders plunged, evidence that stock market volatility may have hit consumer confidence and limited spending. The

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What higher interest rates mean for consumers

As the U.S. Federal Reserve convenes Wednesday and Thursday  for a crucial policy meeting, everyone has been wondering whether the central bank will finally begin the process of raising key

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Fed rate hike likely to modestly temper growth

A Federal Reserve interest rate hike Thursday could shake markets but is likely to cause just a ripple in the solidly growing economy, analysts say. And some economists say rates

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Shell to cut 6,500 jobs as cheap oil hurts profits

Royal Dutch Shell (RDS.A) said Thursday that it will cut about 6,500 jobs and capital investment this year as it restructures and dumps some businesses to prepare for a “prolonged

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Stocks cut early losses, turn mixed

Stocks cut early losses and were trading mixed at midday Thursday as investors digested a batch of mixed corporate earnings and a report of slightly lower than expected but decent

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Economy bounces back: GDP grows 2.3% in second quarter

The U.S. economy bounced back in the second quarter on stronger consumer spending, exports and home construction, and its performance in the first quarter wasn’t as feeble as initially believed.

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Pressure on Greece continues as central bank says no credit increase

The European Central Bank said Sunday it won’t increase the level of emergency credit to Greek banks, increasing the turmoil over the Greece’s bailout negotiations and financial future. The move

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Greece crisis could overshadow jobs, Fed

This coming holiday week was supposed to be all about the June jobs report and what it means for the Federal Reserve’s interest rate hike plans. But the messy Greece

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SpaceX’s Falcon 9 rocket explodes on launch

A SpaceX Falcon 9 rocket carrying supplies for the International Space Station broke apart less than three minutes after a 10:21 a.m. Sunday blastoff from Cape Canaveral Air Force Station.

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Search for escaped prisoners heats up after possible sighting

The manhunt for two killers who escaped a northern New York state prison more than two weeks ago focused on an area along the Pennsylvania border Sunday after a local

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