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Apple Tumbles To New Closing Low -- Stock Now Down 27% From Peak
Apple stock got hit again today, falling 1% to $509.That's the lowest close since the stock began its recent slide in September.Apple is now down 27% from its peak.Apple's market value has now lost...
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MARKETS KEEP TANKING AFTER HOURS
Stocks tanked today, tumbling into the 4:00 PM ET close.The S&P 500 fell 1.1 percent, or 15 points to 1,402.However, the futures market is open and stock futures are tanking. Here's a look at...
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Here's Mitch McConnell Getting Swarmed By Republican Colleagues After His...
NBC's Kelly O'Donnell tweets a photo of the huddle of Republican Senators around Minority Leader Mitch McConnell, right after McConnell returned to the Senate floor following today's fiscal-cliff...
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Bill Ackman Steps Up His Attack With Google Ads For The Term 'Herbalife'
Hedge fund titan Bill Ackman, the CEO of Pershing Square Capital Management, appears to be taking his battle with Herbalife, which he calls a "pyramid scheme", to another level. If you Google...
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Forget The 'Dairy Cliff' — People Have Been Drinking Less And Less Milk For...
Among the many cliffs America faces on Jan. 1 is the "dairy cliff."That's the scenario where Congress fails to pass a farm bill to extend agricultural subsidies, which in turn would cause milk prices...
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McConnell 'Hopeful And Optimistic' He And Harry Reid Can Hash Out A Fiscal...
Congressional leaders took an optimistic tone from an afternoon meeting at the White House, and Senate Minority Leader Mitch McConnell said he was "hopeful" he and Majority Leader Harry Reid could hash...
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OBAMA: 'The Hour For Immediate Action Is Here, It Is Now'
President Barack Obama called on Senate leaders to come to a bipartisan agreement to avert the year-end fiscal cliff following a meeting with Congressional leaders at the White House."The hour for...
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WARREN BUFFETT: 'America Has Faced A Lot Tougher Problems Than This One'
Despite the intense political fighting over just the "fiscal cliff,"Warren Buffett is optimistic the nation's overall debt problem will eventually be fixed.In an interview on BBC Radio 4's "Today"...
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Head Of Japanese Central Bank Vows To Bring Economy Back From The Dead
The head of Japan's central bank has vowed to work with the nation's new government to tackle deflation, according to an interview published on Saturday."The Bank of Japan, not just the government,...
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The Ultimate Visual Representation Of America's Boom, Collapse And Epic Comeback
Since collapsing with the housing bubble and the financial crisis, the U.S. economy has staged a dramatic comeback.However, we are now seeing some signs of slowing again.Over the past three months, 45...
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Boeing Just Bought A Ridiculous Amount Of Land In South Carolina
Boeing Co has signed a deal allowing it to buy nearly 1,100 acres of land at the site of its 787 jet factory in South Carolina, a deal that gives it room to expand production.The acquisition gives...
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Hundreds Of American Shopping Malls Should Be Demolished
America has too many malls.I’ve recently blogged that many traditional brick-and-mortar retailers are being threatened with "economic destruction" by their advantaged online competition. In an...
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The FAA Doesn't Make You Sit Down Before Your Plane Door Closes — Just Your...
AMERICAN airlines are showing up on time more often."During the first 10 months of 2012," the Boston Globereports, "on-time arrival rates at US airports were the highest they have been since 2003." The...
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Everyone's Talking About The Scott Brown Bottom
Big thanks to MSNBC's Hardball for drawing attention to our chart analysis from Thursday, when a Facebook posting from Scott Brown set the floor for the Dow that day.Unfortunately, the market crashed...
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The Republican Party Is Self-Destructing Before Our Eyes
THE collapse of John Boehner's "Plan B" reveals the Republican Party to be in a politically disastrous position.The media narrative is shaping up to pin the full blame for sending the country over the...
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Peter Orszag's Chart Of The Year Could Change Everything You Think About...
The conventional wisdom on the deficit is: Right now the deficit doesn't pose a problem, but thanks to the gigantic growth in healthcare costs, it's inevitable that the government will get swamped by...
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Passenger Jet Veers Off Runway In Russia - At Least Two Dead
A plane in Russia has veered off the runway and split in two, leaving at least two dead, according to AP.This video is from the AP:Please follow Getting There on Twitter and Facebook.Join the...
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The Final Datapoints Of The Year Show The Economy Is Gathering Steam
November monthly data reported this past week was sparse, but included Case-Shiller home prices, which continued to rebound, and new home sales, which were flat. The Chicago PMI manufacturing index...
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Meet The Wives Of Wall Street
We already know about Paul Tudor Jones, Jamie Dimon and Steve Schwarzman because we read about them all time.But we really don't know much about their wives at all, and that feels a little odd.We've...
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JARED BERNSTEIN: Here's Are My Views On Spending Cuts, Entitlements, And...
A number of folks in recent weeks have questioned or criticized my views, both here at OTE and on TV, regarding endorsing spending cuts, including some targeted at the social insurance programs...
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