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Updated: 6 days 21 hours ago

Intuit’s Fourth Quarter Net Revenue Falls Short of Analysts’ Expectations

Sat, 08/22/2015 - 10:41

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Yesterday, Intuit announced that it will be selling its Quicken unit a group which creates the personal finance software which actually is the secret ingredient behind the company being famous.

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California Employment Rates Climb Slightly in July

Sat, 08/22/2015 - 10:34

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On Friday, the state Employment Development Department reported that 80,600 non-farm payroll jobs were added by California in July. The jobless rate of the state dropped to 6.2 percent which was a decrease from the figures noted a month ago. Although the job numbers was a little gloomy for the Humboldt County but still it was lower as compared to the overall average of the state.

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Gold Remain Little Changed as Investors Wait for a Clue from Fed Minutes

Wed, 08/19/2015 - 10:03

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The price of gold remained unchanged as the investors are waiting for the release of Federal Reserve minutes of the July meeting. The minutes are expected to provide some hint on the timing when the feds plan to increase the record low interest rates in the US.

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Data Shows in April-June Quarter Japan’s Economy Shrinks which Could Mean Additional Stimulus

Mon, 08/17/2015 - 10:10

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In the April- June quarter, the economy of Japan shrank at a yearly pace of 1.6 percent. The drop is attributed to fall in exports and lessened consumers spending. This is adding to the pressure faced by Prime Minister Shinzo Abe for boosting the financial policies in order to improve the economy which is facing deflation for decades.

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Social Security Turned Eighty; It Offers Programs Even to Help Children in Need

Thu, 08/13/2015 - 10:11

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This week the Social Security, that serves the Americans from birth to death, turned eighty years old.  Social security plays even major roles in lives of younger children with disabled or diseased parents. Its programs also benefit the disabled with low income.

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Puerto Rico Hopes to Gather Funds to Pay Debts

Wed, 08/12/2015 - 10:54

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On Monday, a government official said that Puerto Rico thinks that it will be able to gather the money that is required to make a payment that is due January on its general-obligation bonds.

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The Dip in Yuan is Not Expected to Ease Pressure on Chinese Economy

Tue, 08/11/2015 - 11:01

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Hoping that a flexible currency will be helpful in bringing in some stability to the world's second largest economy, the government of China in a surprise move on Tuesday set the yuan's central equivalence. The rate at which the currency is permitted to trade against the U. S. dollar is almost two percent lower. Although it may boost exports but can invite some great risks.

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Friday’s US Jobs Report for July Is Expected to Show Strong Gains

Fri, 08/07/2015 - 10:39

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Once again the U.S job rates are expected to show strong results. The government is due to release the report on Friday and the job growth is likely to follow the steady march upward which has been witnessed with the economic expansion in the past months.

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With Inflation Close to Zero is Raising Interest Rates Feasible?

Wed, 08/05/2015 - 10:15

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For months now, the issue of raising the interest by the Feds has been on the headlines. But the Americans as well as the Britons who are waiting for the first interest rate hike in years are not very clear about the issue because the inflation rate is really low.

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Federal Reserve Expected to Stay Focused on Rate Hike Plan in September

Wed, 07/29/2015 - 10:17

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The Federal Reserve recently had a two day meeting and on Wednesday is expected to issue its policy statement which will be on the lines of what the policymakers feel about the progress of the economy in the U.S since June, when they met last.

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Oil Prices Drop Near Four-Month Low as Supply Glut and Chinese Economy Increases Concerns

Tue, 07/28/2015 - 09:12

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Concerns about global oil supply surface yet again, resulting in a drop in oil prices to its four month lows on Tuesday. The falling Chinese economy and stock market sell-offs are shaking the investor sentiments everywhere.

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Economists Predict Solid Revenue Growth for Vermont

Tue, 07/28/2015 - 09:06

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According to Justin Johnson, the Secretary of Administration, economists predict the state revenue is estimated to grow in the present fiscal year by $40.2 million more, that's much higher than the amount forecasted in January. He also said that the upbeat revenue figures signals at a growing Vermont economy.

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Weak PMI in China Raises Concern and Asian Shares Drop on Friday

Fri, 07/24/2015 - 09:58

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A survey revealed that manufacturing activity in China has touched its fifteen month lows and that surely had a major effect in the Asian market on Friday as equities stumbled.

This has regenerated concerns connected to the exports from this region as the second-largest economy of the world faces a big challenge to make a comeback from the broad slump.

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Greek Parliament Votes on Bailout Plan; Europe to Restore Funding

Fri, 07/17/2015 - 10:33

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On Thursday, as Athens accepted to go ahead with a new bailout program, Europe will be considering to re-start funding the deep debt struck economy of Greece.

The ECB (European Central Bank) augmented the emergency funding which Greece will be receiving from its creditors. However, as the Greek banks open on Monday, capital controls will still have to be followed.

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New Set of Guidance Issued by Labor Department on Classifying Workers

Thu, 07/16/2015 - 11:17

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Of late there has been lot of controversy regarding the issue, when should the workers be called employees and when they should be termed as contractors?

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Early Resolution Talks for Puerto Rico’s Debt Repayment Held on Monday in New York

Tue, 07/14/2015 - 11:27

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The world is busy discussing the Greek debt troubles and the ugly shape it is taking at every juncture, but something similar is about to happen when Puerto Rico officials say that they cannot pay their debt load and want to restructure or delay their $72 billion debt repayment.

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The U.S Average Gasoline Prices Show a Downward Trend Where as California Witnesses a Rise

Mon, 07/13/2015 - 11:03

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Though the national average of gasoline prices fell 2 cents in the last couple of weeks to $2.83 a gallon, the gas price is on the rise in California.

The average price nationwide for midgrade gas gasoline was $3.05 and the premium was being sold at $3.22 says a survey by Lundberg.

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What is $100 Worth in Different US States?

Mon, 07/13/2015 - 11:01

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If you have ever wondered how much is $100 worth in your state as compared to the national standards then, the Tax Foundation has the answer for you.

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Euro Leaders Give Ultimatum to Greece

Mon, 07/13/2015 - 10:58

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The weekend created a lot of tension as the negotiation talks went on between the Greek Prime Minister and Euro leaders in Brussels. Even on Monday morning the matter remained unresolved as the European leaders placed a package of austerity measures in front of Alexis Tsipras, which involved a surrender of greater financial sovereignty.

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Future of Euro Uncertain, Greece to Submit a Feasible Loan Programme Plan to Its European Partners

Fri, 07/10/2015 - 10:56

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When the pro-European politicians and bureaucrats planned to form the eurozone they thought of integrating Europe into one.

However, with Greek debt crisis and Britain planning an exit, the dream might just turn into a nightmare for the Euro. The main motto was to create one government that will bring peace, ending wars which have torn the continent apart for centuries.

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