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The number of contracts to purchase previously owned U.S. homes jumped in May by the most in more than four years, a sign the residential-real estate market is rebounding after a slow start to the year. more
The Pentagon paid Textron Inc.’s Bell Helicopter unit $8,123.50 each for gears that should have cost $445.06, according to a report by the Defense Department’s inspector general. more
U.S. stocks rose following a two-day selloff, as Alcoa Inc. rallied after earnings topped estimates and investors awaited minutes from the Federal Reserve’s last meeting. more
U.S. stocks fell a second day from record levels, with the Nasdaq Composite Index tumbling the most since April, as investors sold Internet and biotechnology shares before the start of earnings season. more
Job openings rose in May to the highest level in almost seven years, a sign the U.S labor market will help boost economic growth in the second half of this year. more
Treasuries gained for a second day, extending an advance that made them the world’s best-performing government bonds in dollar terms over the past month. more
This year’s Independence Day weekend gasoline prices were the most expensive since 2008. At $3.75 per gallon of self-serve, regular unleaded gas, Rhode Islanders are paying 15 cents more than last year. more
U.S. stocks fluctuated as investors weighed better-than-estimated bank earnings against Federal Reserve concerns about valuations for some social-media and biotech companies. more
The U.S. debt held by the public is expected to rise to 106 percent of the economy in 2039 from 74 percent this year, largely driven by increases in the cost of health benefits, the Congressional Budget Office said. more
Retail sales showed a broad-based gain in June, which probably helped the U.S. economy rebound in the second quarter. more
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