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Monday, August 29, 2011
Wall Street breathes easy after Irene, markets up
U.S. stocks are rising after Tropical Storm Irene wound up being less severe than many analysts had anticipated. European stocks are also jumping after two Greek banks said they would combine to better weather that country's debt crisis.
The earthquake and hurricane along the East Coast are reminders to small business owners across the country: You need to buy adequate insurance for your company.
Gasoline prices continue to fall in Mass.
Massachusetts gas prices have fallen for the fourth straight week, with self-serve regular now averaging $3.61 a gallon.
Contracts to buy homes fell in July
The number of people who signed contracts to buy homes fell in July, further evidence that the depressed housing market remains a drag on the economy.
Consumer spending rebounds, rises in July
Consumer spending grew in July by 0.8 percent, the largest amount in five months. That followed a decline in June and helped ease fears that the U.S. economy is on the verge of another recession.
Oil rises on strong consumer spending numbers
Oil is climbing on a rebound in U.S. consumer spending.
Financial chief more dour on EU's prospects
The recent turmoil on financial markets threatens economic recovery in the European Union, the bloc's top economic official said today.
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