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Last updateThu, 25 Feb 2021 12pm

Business

Governomics: Wall St. falls sharply on oil drop, global growth worries.

(Reuters) - Global growth worries and a sharp drop in oil prices sent jitters through Wall Street, leading the three major U.S. indexes lower for the second straight day on Friday.


Plethora of weak U.S. data points to sharply slower growth belies Obama's delusional SOTU rhetoric

U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quarter.

Viagra boosts Botox: Pfizer, Allergan reach $160 billion deal creating world's largest drug peddler

(AP) — Pfizer and Allergan will join in a $160 billion deal to create the world's largest drugmaker.

Not So Rosey: US home sales fall 3.4 percent in October; First time buyers priced out of market

WASHINGTON (AP) — Fewer Americans bought homes in October, a sign that rising home values may be pushing more would-be buyers to the real estate market's sidelines.

U.S Banks Post Second-Highest Profit in 23 Years in 2Q 2014

(Wall Street Journal) Banks are lending to companies and individuals at the fastest pace since the financial crisis, helping propel profits to near-record levels.

World View: Australian Court Issues Landmark Judgment Against S&P Ratings Agency

This morning's key headlines from GenerationalDynamics.com:

  • Australia's court issues landmark judgment against S&P Ratings Agency
  • Cyprus denies that its bailout money will go to Russian oligarchs

Chart of the Week: Slowest Economic Recovery Since the 1960s

The Heritage Foundation:

Americans could be waiting another five years for a return to normal employment based on the sluggish pace of the U.S. economy. After nearly four years in office, President Obama has overseen the worst recovery since the 1960s. [...]


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