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Business News
US stocks waver as investors back away from industrials
NEW YORK (AP) -- Major U.S. indexes are mixed Thursday as investors sell industrial companies, which have surged over the last few months. They are selling stocks that are tightly linked to economic growth and buying gold, bonds, and companies that pay big dividends, like utilities. Technology companies are trading lower, which could end a 15-day winning streak for the sector....
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Long-term mortgage rates rise slightly this week
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Mnuchin says goal is to pass tax reform by August
WASHINGTON (AP) -- Treasury Secretary Steven Mnuchin said Thursday the administration is committed to getting major tax reform legislation through Congress by August. He predicted that President Donald Trump's economic proposals will be able to boost growth significantly to annual rates above 3 percent....
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Markets Right Now: Industrials, small-company stocks sink
NEW YORK (AP) -- The latest on developments in financial markets (All times local):...
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Claims for US jobless benefits tick up, level still healthy
WASHINGTON (AP) -- More Americans applied for unemployment benefits last week, but claims remained at a low level consistent with a healthy job market....
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