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Yellen Says ‘Looking Forward’ to Day of Rate Hike

WASHINGTON — Federal Reserve Chair Janet Yellen said Wednesday she was “looking forward” to a U.S. interest rate rise that will be seen as a testament to the economy’s recovery from recession. Fed policymakers are widely seen raising interest rates for the first time in almost a decade...
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Market Wrap: Stocks End Sharply Lower; Energy Leads Drop

WASHINGTON — Federal Reserve Chair Janet Yellen said Wednesday she was “looking forward” to a U.S. interest rate rise that will be seen as a testament to the economy’s recovery from recession. Fed policymakers are widely seen raising interest rates for the first time in almost a decade...
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December Rate Hike Assured, Yellen Faces Future Battles

WASHINGTON and PHILADELPHIA — Federal Reserve Chair Janet Yellen has the evidence of U.S. labor market health she wanted in order to raise benchmark interest rates for the first time in a decade this month, but she may have a tougher time selling further hikes. Yellen’s arguments against...
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Home Improvement Projects That Can Hurt Your Property Value

Are you considering converting your home’s garage into a man cave? Before you permanently ditch parking and storage space in exchange for a testosterone-friendly getaway, you may want to consider this: your garage man cave project could hurt your home’s value and make it harder to sell. Turning...
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Market Wrap: S&P 500 Posts Big Drop as ECB Disappoints

NEW YORK — The S&P 500 suffered its biggest drop since late September on Thursday as the European Central Bank disappointed market hopes for greater stimulus. The ECB move triggered a spike in the euro that caught investors by surprise, forcing them to shift positions that hit most...
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Service Sector Slows; Labor Market Remains Resilient

WASHINGTON — U.S. service sector activity slowed in November but remained at levels consistent with a steady pace of economic growth for the fourth quarter, a business survey showed Thursday. Other data reported a small increase in first-time applications for unemployment benefits last week, but planned job cuts...
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Why Defensive Stocks Aren’t Safe Anymore

Nervous investors should think twice before diving into so-called defensive stocks, especially those securities with high dividends. You might end up putting more risk into your portfolio than you realize. Stocks that have less volatility than the overall market and pay higher dividends than most other stocks are...
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Market Wrap: Stocks Surge on Strong U.S. Jobs Data

NEW YORK — U.S. stocks rallied Friday, giving the S&P 500 its biggest gain since early September, as employment data suggested the economy was strong enough to sustain a Federal Reserve rate hike this month. Financials, which benefit from higher borrowing costs, led the rally. The S&P financial...
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3 Consumer Stocks to Covet in 2016

Describing 2015’s stock market returns is like offering up reactions to toast with butter. [Meh. Yawn.] While 2015 had some cringeworthy moments — like when China’s market took a dive this summer — for the most part, stocks are ending the year close to where they began, showing...
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3 Risks of Investing in Annuities

Investing can be scary, especially in the short term. When you retire, it’s hard to watch the value of your lifetime of savings fluctuate as financial markets bounce up and down. Fear is a powerful sales tool. Immediate annuities are an insurance product that prevents you from losing...
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