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Business & Finance Archives - Page 4 of 5 - Invest Smart
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Business & Finance

Can Google Predict Stock Market Events?

While the movie, Terminator 2, evoked the horrifying reality of a world run by self aware robots that were bent on exterminating humanity, according to recent data that was published in Scientific Reports, search engines and their complex algorithms are now capable of predicting stock market crashes, and with a …

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Feds: Recent Economic Growth Mostly Attributed to Recovering Housing Market

The Federal Reserve released a report this week stating that U.S. economic expansion remained “moderate.” The Feds attribute most of the recent economic gains to the recovering housing market. “Most districts noted increases in manufacturing activity since the previous report,” the central bank said in its Beige Book business survey, …

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Obama to Congress on ‘14 Budget: Cut Social Security Benefits, Tax the Wealthy

Over this past week, President Barack Obama sent his 2014 budget package to Congress. The package entails a $3.8 trillion blueprint for spending that Obama Camp says is designed to create the “ultimate bargain.” The goal of the spending package is to reduce runaway spending deficits by raising taxes on …

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Economic Outlook Marred by Meager Job Gains

Over the past nine months, employers have been regaining some steam. But that has hit a bit a standstill as new reports surface showing that hiring was its weakest in the past nine months (over this past month). According to the Labor Department, payroll only expanded 88,000 for the past …

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17-Year-Old Entrepreneur Sells Popular News App to Yahoo for Millions

Up until now, not many people had ever heard of Nick D’Aloisio, a 17-year-old school-aged teenager from the U.K. But now, he’s seemingly all over the news radar, and for ample good reason, too. Over the past week, Aloisio completed a deal that nobody ever saw coming. He sold his …

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D.C. Braces for Post-Sequester Fallout

D.C., Virginia and Maryland are more frustrated by the sequester budget cuts than Detroit is, rest assured. That’s because these three states combined earn 10 percent of their economy from defense spending annually. This is according to a late February report by Mark Vitner and Michael Brown, both Wells Fargo …

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Dow Jones About to Break All-Time High; Worries of China Slowing Stock’s Climb

Mark Luschini, chief investment strategist at Janney Montgomery Scott, had some wonderful news to deliver this Monday morning as investors eagerly watched the index and monitored their gains and losses, in lieu of a virtually record breaking day in the stock market. “The Dow is what gets all the news …

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What Bad Economy? ADP Shows 198k Jobs Added in ’12

The Roseland, New Jersey-based ADP Research Institute today unveiled its numbers for total job gains in the nation for last year, and they actually look pretty good. According to ADP, more than 198,000 were added in 2012 in the U.S. In conjunction with that report, a recent report that was …

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As Budget Cuts Take Effect: Detroit Declares Fiscal Emergency

Michigan Governor Rick Snyder today declared what was ultimately the inevitable: Detroit is in a state of fiscal emergency due to the sweeping federal budget cuts that took effect after congress and the White House failed to amend them before today’s deadline. It set the stage for what could potentially …

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Bernanke to U.S.: Don’t expect a 6% unemployment rate for at least 3 years

If you are expecting our healthy trend of the economic recovery to continue tit for tat on this spat of regeneration, hold on to your horses. While the recovery is speeding along at a very rapid pace – all things considered, the housing fallout was the worst since the Great …

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