LATEST NEWS

Find out what is happening in the economic and financial world in the US and the world in this area. Our news articles are updated frequently and will help you to gain added perspective on your money matters.

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Hidden Warranties could save drivers thousands of Dollars
07 October 2014
Which Way To Pay
Millions of Drivers across The US could save thousands on hidden warranties.
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Credit card companies are set to replace Magnetic Strips With Microchips
25 June 2014
Lauren Middleton
Companies in the Us are looking to replace all credit card magnetic strips with microchips in an attempt to beat credit card fraud.
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Have you spent all your savings this Christmas? Is a payday loan the solution for your money problems?
21 January 2014
Which Way To Pay
December is over and January is here, are you left with Christmas debt and the reality of how much you have spent? Read our payday loans guide for advice on how to cope with Christmas debt.
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Will the continuation of the retail rally continue? Retail stocks at a high
05 December 2013
Which Way To Pay
The holiday season is getting ready to rev up a gear in a period where retails make 40% of their annual sales. How will this affect the Dow Jones and S&P 500?
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How to get approval for your first credit card
29 October 2013
Which Way To Pay
Getting approval for your first credit card can be tricky. Follow some simple steps to ensure success.
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Credit problems? Improve your scores now!
11 October 2013
Which Way To Pay
There are plenty of reasons why cleaning up one’s credit could become a matter of importance – maybe you are looking for a new home or car or you have gone through bankruptcy or perhaps you are the victim of identity theft
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New Voter ID Bill should prevent identity theft and Voter fraud
03 September 2013
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Governor signed a bill last week that required voters to produce photo ID to try and prevent identity theft and ID fraud
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Puzzled over present ideas? Gift cards could be the answer you are looking for
19 August 2013
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A Gift Card is the perfect present for someone if you are struggling to find something you know they will love
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Detroit files for bankruptcy as public services are near collapsing
30 July 2013
Which Way To Pay
Once at the heart of the US car industry, Detroit becomes the largest American city in history to file for bankruptcy
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China: economy slows down
15 July 2013
Mark Maffia
In the second quarter the Chinese economy slowed to 7.5 percent growth, which is the weakest for over 10 years. This was the second quarter in a row in which the second-largest economy in the world has slowed down
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Positive outlook: Household wealth recovers
09 June 2013 11:OO
Mark Maffia
American families become wealthier again! America's wealth figures grew in the first quarter by $3 trillion to an all-time high of §70.4 trillion. This was announced on Thursday by the Federal Reserve
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New health care law means bad news for small businesses
08 April 2013
Mark Maffia
Small business owners fear the impact of a new law which will come into action next year. The new law is the is the so called Affordable Care act, which forces business-owners with more than 50 full-time employees to provide insurance coverage for everybody who works for them more than 30 hours a week.
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Yen drops to 33 - month low
25 February 2013
Mark Maffia
The yen dropped to 33 -month low against the dollar as a result of news that the new head of the Central Bank of Japan will be Haruhiko Kuroda, the president of the Asian Development Bank who stands for strong monetary easing against further deflation of the country.
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Unilever reports growing sales
23 January 2013
Mark Maffia
Unilever PLC, the Dutch/ British manufacturer of consumer products such as cosmetics, food and cleaning products reported a growth of their fourth quarter sales of 7.8 percent to $16.8 billion.
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The Economy May Get Worse Before It Gets Better
27 November 2012
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The Organisation for Economic Cooperation and Development has warned that the global economy is at risk.
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New developments in shale oil production could make the US the largest Oil Producer by 2020
12 November 2012
Which Way to Pay
Early this morning the International Energy Agency suggested that due to the advances in shale oil production the U.S. will overtake Saudi Arabia as the largest producer of oil by 2020.
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US Manufacturing Unexpectedly Rises
02 October 2012 16:00
Which Way to Pay
The Institute for Supply Management have said their factor index rose to 51.5 in September from 49.6 in August.
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US Economy creates 96,000 Jobs
07 September 2012
Mark Maffia
According to official figures from the Bureau of Labor Statistics, the US economy created 96,000 jobs last month. The American economy has added just 139,000 jobs a month in 2012, which is below 2011’s average of 153,000.
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Oil Advance On US Economic Outlook
13 August 2012 13:00
Florence Fullalove
Oil rose in New York, adding to a second weekly gain, as a report that may show sales at US retailers increased in July, suggesting signs of economic improvement in the world’s biggest crude consumer.
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Looks Like There Are More Jobs Than Expected
31 July 2012 17:00
Phoebe Robinson
In a survey undertaken by the private sector it has been revealed that US businesses kept hiring a modest pace in July, reflecting that maybe the job market could be improving after three very slow months
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Unemployment Figures Remain High
30 July 2012 11:00
Phoebe Robinson
It does not look like high unemployment levels are going to go away if the US economy continues to grow as slowly as it did in the last quarter. Lower consumer spending levels held annual growth at 1.5% which is even less than the 2% rate in the first quarter.
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US Economic Growth Not Looking Promising
23 July 2012 11:00
Phoebe Robinson
When people think about the crashing of the US economy, we automatically look back to 2008 and say that this is when the crisis started and when it all went wrong.
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US Housing Market Looking Good
18 July 2012 11:30
Phoebe Robinson
Just when hopes were flailing over the US economy, a light has been cast on the economy that gives the country’s economy a more positive shine. New US homes rose in June to its fastest pace over three years which is just what the economy needs as it has been showing worrying signs of cooling.
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US Economy Appears Dimmer After Retail Report Released
16 July 2012 12:30
Phoebe Robinson
The release of a report that Americans spent less at retail business for the third month in a row has cast a shadow over the US economy. The report has forced some economists to downgrade their estimates for economic growth in April-June quarter
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US Economy Hits More Problems
11 July 2012 12:00
Lucy Williams
Last week saw disappointing results of the US jobs report as statistics showed an addition of 80,000 jobs, a long way off the forecast of 100,000 new jobs in June. Recent news and reports have shown that the US economy is still in a vulnerable position however there has been an increase in the demand for workers pointing to an expansion in some businesses as sales pick up.

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US Economy Not Looking Too Bright For The Future
29 June 2012 12:00
Phoebe Robinson
Figures have come in that show the US economy grew by 1.9% in the first quarter; this shows us that there was an increase in consumer spending. However this does not seem to have lasted as consumer spending seems to have calmed down as American’s hold back due to the worrying prospects of the global economy.


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Unemployment Causes The Economy To Suffer
25 June 2012 14:00
Phoebe Robinson
After much discussion to find a solution to the European debt crisis, the leaders of the Eurozone agreed to provide up to $164 billion to try to improve the Spanish economy. At home, economic data continues to disappoint and any discussion of the economy improving seems to be a last ditch effort to avoid talk of a recession
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US Retail Economy Takes A Turn For The Worse
19 June 2012 05:00am
Phoebe Robinson
Data has shown there has been a slow down in the US economic recovery. For the second month in a row US retail sales have shown that the growth of the economy is not looking promising
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US Retail Sales Drop 0.2%
14 June 2012 08:00am
Florence Fullalove
The Commerce Department has said US retail sales fell further in April and May, because of a sharp drop in gas prices and cautious consumer spending. Retail sales dipped 0.2% last month, following a revised 0.2% decline in April.
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US Consumer Confidence Falls In May
30 May 2012 11:00am
Victoria Wedderburn
The Conference Board has said that its Consumer Index is down from 69.7 in April to 64.9 in May, which is the biggest drop in eight months.
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US Economy Shows Signs Of Cooling
25 May 2012 11:00am
Victoria Wedderburn
The Commerce Department has said that in April companies place fewer orders for computers, machinery and other capital equipment for a second month, suggesting manufacturing in the US is cooling.
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Obama Urges EU To Do More
22 May 2012 14:30
Florence Fullalove
President Barack Obama has urged European governments to up their game in order to combat the debt crisis, adding that the trouble in Greece has an impact on the United States.
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US Economy Faces Challenges From Europe
17 May 2012 11:00am
Victoria Wedderburn
Treasury Secretary Timothy Geithner said in a speech today that the US economy faces many challenges following the aftermath of the financial crisis and the situation in Europe.
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US Consumers Prices Flat As Gas Prices Fall
15 May 2012 10:30am
Mark Maffia
The Labor Department said today that its Consumer Price Index was unchanged in April after rising 0.3% in March. This figure was in line with expectations.
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US Jobs Openings Highest Since 2008
09 May 2012 12:00pm
Florence Fullalove
The Labor Department has released its Job Openings and Labor Turnover survey that says the number of open positions increase by 172,000 to 3.74 million, the most since July 2008, prior to the financial crisis, from a revised 3.57 million the prior month.
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US Factory Growth Best In 10 Months
02 May 2012 10:00am
Crage Campbell
The Institute for Supply Management has said US manufacturing grew in April at the strongest rate in 10 months suggesting that the economy is healthier than originally thought.
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Durable Goods Orders Fall Suggesting US Economy Is Losing Momentum
25 April 2012 10:00am
Florence Fullalove
According to the Commerce Department demand for long-lasting manufactured goods was the weakest in three years last month suggesting the economy lost momentum as the first quarter ended.
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Romney and Obama Battle Over US Economy
20 April 2012 11:00am
Jack Stupple
With polls consistently showing the economy is the top issue for voters Mitt Romney and Barack Obama have been battling over the issue
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US Retail Sales Better Than Expected
16 April 2012 10:30am
Jack Stupple
According to figures from the Commerce Department, US retail sales rose more than predicted in March despite rising gasoline prices.
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US Economy To Grow 2.9% Over Next Year
10 April 2012 10:00am
Crage Campbell
According to a report from Mellon Capital Management Corporation, part of BNY Mellon Asset Management the US economy is expected to expand by 2,9% over the next 12 months.
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US Emerging As Main Engine For Global Growth?
03 April 2012 05:30am
Victoria Wedderburn
The Institute for Supply Management, a trade group of purchasing management said that its index of manufacturing activity rose to 53.4 in March, which is up from 52.3 in February.
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US Economy Grew 3% in Q4
29 March 2012 09:30am
Victoria Wedderburn
The US economy grew in line with predictions in the last quarter of 2011 while personal income grew at a faster pace than forecasted. The Commerce Department said that gross domestic product increased at a 3.0% annual rate
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Economists Say Fed Should Not Pump More Money Into US Economy
27 March 2012 05:00am
Florence Fullalove
A poll compiled by the National Association for Business Economics indicated that over 60% felt the Fed’s two rounds of quantitative easing had been a “success” but 81% of economists surveyed said the Fed should not pursue another round of easing or bond-buying this year.
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Internet Accounts For 4.7% of US Economy
21 March 2012 12:00pm
Victoria Wedderburn
A new study compiled by Boston Consulting Group suggests that the internet economy will reach US$4.2 trillion in G20 economies by 2016.
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Higher Gas Prices Threaten US Economy
19 March 2012 07:30am
Jack Stupple
If gasoline prices surpass $4 or $5 a gallon, experts have warned that Americans will cut down on spending and job growth could stall, posing a potentially serious threat to economic recovery.
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US Retail Rise Climb 1.1%
14 March 2012 12:30pm
Florence Fullalove
In February U.S. retail sales rose at the fastest pace in five months adding to signs that the U.S. economy was steadily recovering.
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US Economy Adds 227,000 Jobs But Unemployment Remains Unchanged
12 March 2012 13:00
Victoria Wedderburn
The Bureau of Statistics has announced that 227,000 new payrolls were created during February but the unemployment rate remained unchanged staying at 8.3%.
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U.S. Economy Improving At Faster Pace Than Predicted
06 March 2012 15:00
Jack Stupple
Associated Press survey of 24 leading economists suggests that the unemployment rate will fall from its current 8.3% to 8% by Election Day.
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U.S. Gathers Momentum But Canada's Growth Slows
29 February 2012
Which Way to Pay
The latest economic data suggests that Canada’s economy looks set to stall while more people in the United States are getting jobs, buying houses and have more confidence in the economy.
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U.S. Economy To Grow 2.4% In 2012
27 February 2012
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An economic survey released today has said the US economy will grow a respected 2.4 % this year with unemployment remaining steady and consumer spending subdued.
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US Industrial Production Unexpectedly Flat
16 February 2012
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The Federal Reserve reported that industrial output last month was flat. Declines were seen in the mining and utilities sectors offsetting manufacturing gains.
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Obama Unveils Vision To Save US Economy
14 February 2012
Which Way to Pay
President Obama has set out the fundamentals for his last US budget before the election, urging Congress not to stand in the way of “America’s comeback.”
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Economy Strengthens as U.S. Adds Jobs & Unemployment Falls
07 February 2012
Which Way to Pay
The U.S. economy added nearly a quarter of a million jobs in January, the highest in 9 months according to the Department of Labor.
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US Consumer Confidence Declines
02 February 2012
Which Way to Pay
Consumer confidence in the United States dropped in January coming in below forecasts and put an end to two months of gains.
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2012 Election To Revolve Around Economy
31 January 2012
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The economy is set to the main focus for election candidates. Obama’s re-election campaign may be difficult considering unemployment is above 8% and GDP is growing below historical trend.
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US Economy Grows At Fastest Pace In Over A Year
27 January 2012
Which Way to Pay
The Commerce Department said today that gross domestic product expanded at a 2.8 % annual rate, a sharp increase from the 1.8 % seen in the third quarter of the same year.
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U.S. Economy On The Mend?
24 January 2012
Which Way to Pay
For now home sales are up and business confidence is rising and so the chance for improvement could be a real possibility as significant progress continues to be made in terms of government debt.
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U.S. Falling Behind Market Rivals
20 January 2012
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The United States, according to a recent report, is falling behind other nations and is less competitive than its market rivals.
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US Unemployment Falls To 8.5%
06 January 2012
Which Way to Pay
In the U.S. non-farm pay-roll data came in exceeding all expectations reaching highs of 200,000. With unemployment reaching a 3 year low, these figures, released by the Labour Department, point to a giant leap forward for U.S’s recovering economy.
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All Eyes On US Economy
03 January 2012
Which Way to Pay
It will be a busy week for US data. The ISM manufacturing report has shown that in December manufacturing grew at an accelerated rate.
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U.S. Data Takes Centre Stage
22 December 2011
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U.S. stock-markets futures pointed to a higher open for Wall Street, assisted by a rebound for European markets. Before trading Dow Jones Industrial Average futures were up 37 points, 0.3% to 12063.
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No Progress In Payroll Tax Showdown
21 December 2011
Which Way to Pay
Speaker John Boehner and House Republican negotiators urged Democrats to restart talks on extending the payroll tax cut today, but showed little progress in resolving a partisan standoff that now threatens to erode the paychecks of 160 million people across the US.


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House Republicans Call for Changes to Payroll Tax Deal
20 December 2011
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House Republican leaders have announced that they will not approve a bipartisan package on short-term tax break for workers in the latest squabble in Congress over the budget.
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$300 Million Investment in Twitter by Saudi Prince
19 December 2011
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Saudi Arabian Prince Walid bin Talal has announced that he has invested in $300 million worth of shares in media site Twitter as he continues to expand his US business portfolio. The investment by Prince Walid and the Kingdom Holding Company represents roughly 3% of Twitter.
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Poor Sales Lead to Store Shake-Ups
16 December 2011
Which Way to Pay
As retail sales have continued to fall since Thanksgiving weekend, retailers across America are shaking things up in order to combat this. Prices are being lowered, specials extended, stores open later some retailers are even moving the Saturday-before-Christmas sales.


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Initial Claims at Lowest Level Since 2008
15 December 2011
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Fewer Americans filed for their first week of unemployment benefits last week. So few in fact, that initial claims were at their lowest level since May 2008.
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US Federal Reserve Takes No Action
14 December 2011
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Tuesday saw the Federal Reserve announce that it was not taking any further action for 2011, keeping up existing stimulus to up economic growth but not starting any additional efforts. The news comes as more evidence that the US economy is sluggishly returning to health emerges.
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Iran Reject US Request to Return Captured Drone
13 December 2011
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Iran has rejected a US call for the return of a surveillance drone captured by Iran's military earlier this month. The unmanned aircraft was now "property" of Iran and it was up to Iran to decide what to do with it, Defence Minister Ahmad Vahidi said.
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Congress to Debate Massive Spending Bill
08 December 2011
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Conservative flashpoint issues from abortion and abstinence education to President Barack Obama's health care law are the biggest obstacles to Congress completing a massive year-end spending bill next week that would keep the government running through next September.


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Citigroup to Cut 4,500 Jobs
07 December 2011
Which Way to Pay
Citigroup Inc. Chief Executive Officer Vikram Pandit will cut about 4,500 jobs in coming quarters as he seeks to reduce costs amid slumping revenue and "unprecedented" market conditions.


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28,000 US Postal Service Jobs Cut
06 December 2011
Which Way to Pay
Over 50% of the mail-processing centers run by the US Postal Service are to be shut down as part of a $3 billion austerity scheme, which is expected to see 28,000 jobs lost.
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Cain Suspends Campaign Following Affair Allegations
05 December 2011
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Us presidential candidate Herman Cain has announced that he is suspending his campaign for the Republican nomination. His reasoning was tied up with the ‘false’ allegations of engaging in an extra-marital affair for 13 years, as well as sexual harassment and the resulting political and media pressure on him and his family.


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120,000 Jobs Added in US
02 December 2011
Which Way to Pay
November saw another average month of job creations in the US. According to the Labor Department, 120,000 jobs were added by employers last month. The mediocre figure comes after 100,000 positions were created in October.
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Draghi Hints at Increasing Eurozone Support
01 December 2011
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The president of the European Central Bank, Mario Draghi, today hinted that the bank may increase its support of the eurozone economy should its political leaders take firm action to prevent debt crisis in the future.
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AMR Corporation Goes Bankrupt
30 November 2011
Which Way to Pay
The parent company of American Airlines, the AMR Corporation, announced today that they have filed for Chapter 11 bankruptcy protection in an attempt to lower the costs of labor and rid the company of huge debts.


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Retailers See Record Sales Over the Weekend
28 November 2011
Which Way to Pay
Following fierce promotions from retails across the country for Black Friday, American shoppers set records in both traffic and sales, returning consumer activity to levels not seen since before the recession.
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European Debt Crisis Worsens
25 November 2011
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In another sign of Europe's worsening crisis, two Italian debt auctions drew poor demand today, sending bond yields soaring and keeping investors on edge.


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Black Friday Divides Shoppers
24 November 2011
Which Way to Pay
Tonight the busiest shopping weekend of the whole year begins. But the sales are set to vary considerably for affluent Americans and those with lower budgets. The state of the economy will be displayed clearly for all to see.
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Nokia Siemens Work Force to be Cut by 23%
23 November 2011
Which Way to Pay
Technology giants Nokia and Siemens have announced major job cuts throughout their joint equipment venture Nokia Siemens Networks today. The company plans to cull 23% of jobs in an attempt to boost profits as the network gear market stalls.


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US Economic Growth Downwardly Revised for Third Quarter
22 November 2011
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The US economy expanded at a slower rate than previously thought throughout the third quarter this year.
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US Gasoline Prices Fall Slightly
21 November 2011
Which Way to Pay
The price of gasoline across the country fell by almost 5 cents as the Thanksgiving holiday approaches and a slump in demand and cheaper crude prices maintain pressure on costs.
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Boeing Wins Largest Order with $21.7 Billion Lion Air Deal
18 November 2011
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Boeing has bagged its biggest commercial order after signing a deal worth $21.7bn (£14bn) with Indonesian airline Lion Air.
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US Inflation Eases as Consumer Prices Fall
16 November 2011
Which Way to Pay
The Labor Department has released data that signals that consumers paid less for cars, computers and gas throughout October, with overall prices falling for the first time since June. This has led to an easing in inflation following the spike in prices seen in spring.


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Retail Sales Increased by 0.5% in October
15 November 2011
Which Way to Pay
Retail sales across the US rose throughout October, with Americans especially spending more money on electronics, autos and building supplies. This marks October as the fifth consecutive month to see hikes in retail sales, according to the Commerce Department.


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Banks Quietly Hike Costs to Consumers
14 November 2011
Which Way to Pay
Even as Bank of America along with various other major lenders turn away from charging customers to use their debit cards, many banks have been quietly imposing several additional new fees.
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Unemployment Aid Lowest For 7 Months
11 November 2011
Which Way to Pay
The number of people across the United States claiming unemployment benefits fell last week to the seasonally adjusted level of 390,000 according to the Labor Department.


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G.M. Profits Drop 2% to $1.6 Billion
09 November 2011
Which Way to Pay
The vehicle manufacturing giant Ford Motor Co. published its third quarter earnings today. The company earned $1.6 billion throughout the period, a decrease of 2% from the same quarter a year ago.
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Sales in Retail Sector Slow Throughout October
03 November 2011
Which Way to Pay
Figures released today show that same-store sales slowed down in October, which does not bode well for retailers across America as we head into the holiday season, the most important and lucrative time of year.


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Debit Card Fee Cancelled by Bank of America
02 November 2011
Which Way to Pay
Bank of America have announced that will not be imposing a plan to charge customers $5 a month for making payments with a debit card after fierce opposition from its customers.
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MF Global Under Investigation for Missing Money
01 November 2011
Which Way to Pay
Having filed for bankruptcy protection only yesterday, the brokerage firm MF Global is under investigation by federal regulators after millions of dollar of customer money is unaccounted for over the last few days.
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MF Global Files for Bankruptcy Protection
31 October 2011
Which Way to Pay
The US brokerage firm MF Global has filed for bankruptcy protection today, making it the first company to do so in US since the European debt crisis. Filing for Chapter 11 bankruptcy protection, the company’s parent firm has identified liabilities of over $1 billion and listed its assets at $100 million to $500 million.
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Rick Perry Unveils Tax Reforms
25 October 2011
Which Way to Pay
Rick Perry, the presidential candidate for the Republican Party in the 2012 elections has unveiled a tax plan that aims to reform the current tax code and turn the US economy around. Presenting his plan, Perry wrote in the Wall Street Journal outlining his proposals, revolving mainly around a flat, voluntary tax at the rate of 20% for both incomes and companies.
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Late Payments on Credit Card Debt Up in September
24 October 2011
Which Way to Pay
Five of the six biggest issuers of credit cards in the United States have seen late payments increase throughout September. It would seem like consumers across the country are struggling through the sluggish economic times, and are struggling to pay off credit card debt.
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Social Security to Increase by 3.6%
19 October 2011
Which Way to Pay
For the first time in three years, senior citizens are to see their Social Security increase.
The extra money is not however expected to help the majority of senior citizens. Hiked premiums in Medicare are expected to take out most of the raise.

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Apple Sells Record Numbers of iPhone 4S
18 October 2011
Which Way to Pay
Technology giant Apple today announced that over 4 million of the new iPhone 4S smartphones have been sold since it was launched just 3 days ago. This is a record for sales of any iPhone since its launch. The number outstrips the amount of iPhone 4 devices that were sold during last year’s opening weekend by more than double.
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US Stocks Make Comeback on Strong Retail Sales
14 October 2011
Which Way to Pay
Wall Street climbed this morning as strong figures were reported for retail sales throughout September across the US at the fastest rate seen in several months. The broad S&P 500 index gained 16.17 points, 1.34%, and was up to 1,219.83.
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Weak Global Economy Shown in US and China Figures
13 October 2011
Which Way to Pay
The current slowdown in the global economy has been highlighted by reports released today over the trade relationship between China and the US. The trade deficit in the US was largely unchanged throughout August at $25.6 billion. This is the lowest figure since April, and over $100 million less than the same month last year.
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New iPhone Pretty Cool!
12 October 2011
Which Way to Pay
Lots of avid fans of Apple technology were disappointed when the iPhone 5 release was actually the iPhone 4S. People wanted a new look and amazing new technology, which apparently the 4S does not provide. But there are various improvements to the new model that are pretty cool, even if it does look the same.
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Social Media to Generate $10 Billion in 2011
11 October 2011
Which Way to Pay
The technology research firm Gartner claim that worldwide revenues generated from social media sites, like Facebook, are up by 41% from 2010 and are on track to reach $10 billion by the end of the year. The company predicts that profits will grow exponentially over the next few years, and have growth projections of 50% by next year, and are expected to triple by 2015 to $29 billion.
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Incomes Fall Over US
10 October 2011
Which Way to Pay
A study conducted by former Census Bureau officials has shown that disposable household income fell more in the two years after the recession than in the recession years themselves. From December 2007 to June 2009, the official time span of the recession, disposable income fell on average by 3.2% across the US.
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