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With little in the way of earnings or market-moving economic news on tap this week, stocks will continue to take a cue from the financial sector as investors try to see if the latest levels can hold.
The cost of gasoline edged up 2 cents over the past two weeks, nearly reaching the $2 mark, according to a survey published Sunday.
Facing mounting criticism of a spending package packed with billions of dollars in earmarks, the Obama administration made a vow Sunday: this president will bring a halt to pork-laden bills.
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The exit ramp that Ben Bernanke was looking for Saturday had only a little to do with getting the U.S. economy back on the road to recovery.
The stage is set for Bernard L. Madoff to plead guilty to defrauding thousands of investors out of billions of dollars in what is widely believed to be the biggest investment fraud in history.
Donald Kohn, vice chairman of the Federal Reserve, learned this week about blackmail, Senate style, when he refused to disclose the names of financial institutions benefiting from the bailout of American International Group.
President Obama told Americans on Saturday that ending the economic crisis will not be "easy," but the nation will emerge "more prosperous" through swift and bold actions.
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Even though Citigroup shares dropped below a dollar Thursday, volume appeared healthy as 577 million shares changed hands.
A day after Citigroup stock dipped below $1, bank stocks endured another selloff Friday, even as investors applauded Wells Fargo's plans to cut its dividend.
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Treasurys turned mixed Friday as investors responded to a grim February jobs report and stocks abandoned an early rally.
Stocks erased early gains Friday and turned lower, as a bleak February jobs report exacerbated worries about the economy, sending Wall Street to fresh 12-year lows.
Stocks rallied Friday morning as investors were heartened that the February jobs report wasn't worse and scooped up select issues hit in the recent selloff that left the Dow and S&P 500 at 12-year lows.
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