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Latest News

Buffett's Berkshire takes $4.48 billion stake in Phillips 66

The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with...

Fed's Fischer sees inflation rebound, allowing gradual rate hikes

U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve...

Focus turns to U.S. data as China slowdown looms

After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are...

Raising inflation target won't help much now: researchers

The Federal Reserve could have cut short the Great Recession by a year if it had set a 4 percent...

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