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Center for Economics: News of the Day
  1. Wall St. pulls back from record; utilities slump
    NEW YORK (Reuters) - U.S. stocks fell on Tuesday as investors engaged in profit-taking to pull major indexes from record levels, while the trend of modest moves and low volume continued heading into...

  2. U.S. consumer confidence rises in December
    (Reuters) - U.S. consumer confidence increased in December, bolstered by a brightening jobs situation that left perceptions about economic conditions at a high last seen in February 2008, according...

  3. Brent and WTI see small gains as end of year approaches
    NEW YORK (Reuters) - Crude futures closed up slightly Tuesday, getting some relief from a weak dollar but not making significant strides as traders prepared for the end of the year.
    U.S. opens door to oil exports after year of pressure
    WASHINGTON (Reuters) - The Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of...

  4. Argentina's debt crisis seen rumbling on until 2015 election
    BUENOS AIRES (Reuters) - Crunch time for Argentina fixing its debt default will almost certainly not be January, as many investors had hoped, but a year later once the country's next president takes...

  5. Shares slip in low-volume trading; safe-havens rise
    NEW YORK (Reuters) - Investors backed away from global equity markets on Tuesday, with light volume magnifying moves, as worries about Greece's future in the euro zone pushed shares lower and lifted...

  6. Dollar slips against yen on year-end profit-taking
    NEW YORK (Reuters) - The U.S. dollar hit a 1-1/2-week low against the safe-haven yen on Tuesday after traders booked profits from recent multi-year highs in the greenback and parked their winnings in...

  7. Venezuela confirms recession, highest inflation in Americas
    CARACAS (Reuters) - Venezuela confirmed on Tuesday it had entered a recession while inflation remained the highest in the Americas, and President Nicolas Maduro's socialist government blamed...
    U.S. home price growth slows further in October: S&P/Case-Shiller
    NEW YORK (Reuters) - U.S. single-family home price appreciation slowed less than forecast in October, as there were hints of some re-acceleration in home prices in some cities by year-end, according...

  8. Russian ruble resumes recovery as exporters seen selling dollars
    MOSCOW (Reuters) - The Russian rouble staged an uncertain recovery on Tuesday as traders saw modest foreign-currency sales on the final day of trading before the New Year holidays.




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