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    U.S. Economy Headlines
    Stocks up slightly after Fed keeps rates unchanged (AP)

    File photo shows a trader working on the floor of the New York Stock Exchange. In a myriad of ways, the effects of soaring oil prices are being felt across the US, forcing many into lifestyle changes(AFP/Getty Images/File/Mario Tama)AP - Wall Street ended an erratic day with a modest gain after the Federal Reserve left interest rates unchanged and issued a mixed assessment of the economy.


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    Wed, 25 Jun 2008 21:44:01 GMT - Yahoo! News: Economy News
    Market up on Fed rate pause and oil (Reuters)

    Traders work on the floor of the New York Stock Exchange, June 24, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose on Wednesday, as the price of oil declined, while the Federal Reserve held its key interest rate steady and reduced expectations for a rate hike at its next meeting.


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    Wed, 25 Jun 2008 21:24:50 GMT - Yahoo! News: Economy News
    Durable goods orders hold, home sales slip (Reuters)

    New home construction continues in Carlsbad, California June 24, 2008. (Mike Blake/Reuters)Reuters - U.S. durable goods orders held steady last month, but sales of new single-family homes fell, government data showed on Wednesday, highlighting a weak economy as the Federal Reserve kept interest rates unchanged.


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    Wed, 25 Jun 2008 19:30:35 GMT - Yahoo! News: Economy News
    Oil falls on U.S. inventory build, weak demand (Reuters)

    A gas flame is seen in the desert near the Khurais oilfield in Saudi Arabia, June 23, 2008. (Ali Jarekji/Reuters)Reuters - Oil fell more than $2 on Wednesday after U.S. weekly data showed crude inventories in the world's top consumer rising as high fuel prices continued to erode demand.


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    Wed, 25 Jun 2008 19:33:14 GMT - Yahoo! News: Economy News
    Gas prices driving California strangers to carpool (Reuters)

    Gas and diesel pumps along with gas prices are shown at an Exxon gas station in Carlsbad, California May 28, 2008. (Mike Blake/Reuters)Reuters - High gas prices are driving strangers into each others' cars in San Francisco.


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    Wed, 25 Jun 2008 20:18:21 GMT - Yahoo! News: Economy News
    US new home sales drop as Fed holds rates steady (AFP)

    A new development advertisement tries to entice customers to newly constructed homes in April 2008 in Fontana, California. A government survey Wednesday showed sales of new homes tumbled 2.5 percent across the United States in May amid unsettled economic times, as Federal Reserve policymakers opted to keep interest rates on hold.(AFP/Getty Images/File/David Mcnew)AFP - A government survey Wednesday showed sales of new homes tumbled 2.5 percent across the United States in May amid unsettled economic times, as Federal Reserve policymakers opted to keep interest rates on hold.


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    Wed, 25 Jun 2008 20:26:00 GMT - Yahoo! News: Economy News
    Economists worry about consumer spending for holiday season (AP)

    In this Nov. 29, 2007 file photo, a display nutcracker soldier sports an iPod as a shopper examines computers screens at the Apple Store on Chicago's Magnificent Mile.  The 2008 holiday shopping season may be several months away, but already a growing number of economists are predicting that it could even be worse than last year, which is to say disastrous.  (AP Photo/Charles Rex Arbogast, file)AP - The holiday shopping season is still months away, but already a growing number of economists are predicting that it could even be worse than last year — which is to say, disastrous.


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    Wed, 25 Jun 2008 20:36:21 GMT - Yahoo! News: Economy News
    New home sales and prices both drop in May (AP)

    Chart shows new home sales for the past 13 months, seasonally adjusted; 1c x 2 1/4 inches; 46.5 mm x 57.2 mmAP - Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, underscoring the depth of the nation's housing woes.


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    Wed, 25 Jun 2008 20:57:06 GMT - Yahoo! News: Economy News
    Economy - Wednesday (Investor's Business Daily)
    Investor's Business Daily - Orders for big-ticket, long-lasting goods were unchanged, as expected. April orders were revised to -1% from -0.6%. Ex transportation, May orders fell 0.9%. Core capital goods, a proxy for business investment, slid 0.8%. Year over year, durable goods fell 2.6%, ex transport orders rose 1%, and core capital goods grew 2.8%. Not great, but a lot better than in the '01 recession. -- read full article
    Wed, 25 Jun 2008 22:48:57 GMT - Yahoo! News: Economy News
    Trends & Innovations - Wednesday (Investor's Business Daily)
    Investor's Business Daily - Americans are showing more interest in hybrid vehicles amid high gas prices and increased concern for the environment, says a new survey by marketing firm J.D. Power and Associates. About 72% of recent car buyers said they're definitely or probably interested in getting a hybrid for their next car, up from 58% in '05. J.D. Power said even after the average $5,000 price differential for a hybrid was revealed, consumer interest remained relatively high at 46%. ... -- read full article
    Wed, 25 Jun 2008 22:51:02 GMT - Yahoo! News: Economy News
    Buyers shying away from GE's credit card business: WSJ (Reuters)
    Reuters - General Electric Co's auction of its $30 billion credit-card business is attracting only tepid interest, according to an article on the Wall Street Journal's website. -- read full article
    Thu, 26 Jun 2008 02:30:16 GMT - Yahoo! News: Economy News
    Fed signals aggressive rate cutting is done (AP)

    In this  April 3, 2008 file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. With inflation moving higher on its worry list, the Federal Reserve held interest rates steady Wednesday, June 25, 2008, ending nearly a year of cuts to bolster the economy, and hinted that the next direction for rates could be up.  (AP Photos/Susan Walsh, File)AP - The Federal Reserve's aggressive period of cutting interest rates to keep the country from falling into a recession is over. That point is in general agreement. The trouble starts when you try to figure out what period the Fed has now entered.


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    Thu, 26 Jun 2008 08:19:04 GMT - Yahoo! News: Economy News
    Nissan CEO braces for worst in U.S. (Reuters)

    Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn attends a news conference after the company's annual shareholders' general meeting in Yokohama, south of Tokyo June 20, 2007. (Toru Hanai - /Reuters)Reuters - Nissan Motor Co (7201.T) Chief Executive Carlos Ghosn said industrywide sales in the United States could fall well below 15 million vehicles this year as high gas prices and a sluggish economy sap demand, and warned of another push by steelmakers to hike prices.


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    Wed, 25 Jun 2008 10:38:18 GMT - Yahoo! News: Economy News
    Durable goods orders unchanged in May (Reuters)
    Reuters - New orders for long-lasting U.S. manufactured goods were unchanged in May after two consecutive months of decline, government data on Wednesday showed, while a key barometer of business confidence fell less than expected. -- read full article
    Wed, 25 Jun 2008 13:18:14 GMT - Yahoo! News: Economy News
    Oil prices slide on US inventory data (AFP)

    A motorist holds a fuel pump at a service station in the eastern German city of Dresden. Oil prices have dived after official data revealed an unexpected rise for crude stockpiles in the United States, the world's biggest energy consumer, traders have said.(AFP/DDP/File/Norbert Millauer)AFP - Oil prices dived on Wednesday after official data revealed an unexpected rise for crude stockpiles in the United States, the world's biggest energy consumer, traders said.


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    Wed, 25 Jun 2008 15:35:00 GMT - Yahoo! News: Economy News
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