Archive for July 16th, 2008

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Stocks soared Wednesday as the financial and airline sectors produced some long-awaited positive news. Oil continued its downward slide, also boosting investor confidence.

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Saving Fannie Mae and Freddie Mac could cost the U.S. taxpayer. But so could letting the two mortgage giants collapse.

When eMusic launched 10 years ago, the online music subscription service faced some long odds. It refused to protect songs from illegal copying, which ruled out major label acts like Britney Spears.

A strong earnings report from regional bank Wells Fargo Wednesday sent bank stocks skyrocketing Wednesday. But analysts said it may wind up being the exception and not the rule as more banks prepare to report big losses.

Are you ready to buy a house in this crazy market? Better bring a boatload of money to the closing.

Investors cheered positive financial reports from the banking and airline sectors Wednesday, sparking a strong stock market rally. Wall Street also got a lift on another large drop in oil prices.

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