WELLS FARGO SECURITIES LLC News
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Home sales probably rose in April to the highest level in more than three years, extending gains in residential real estate that are giving the U.S. expansion a lift, economists said before reports this week.
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DJ Steve Aoki sprayed champagne on attendees before selecting some to surf the crowd on an inflatable raft during opening week of the Hakkasan night club in Las Vegas last month.
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Williams College, ranked first among U.S. liberal-arts schools, plans the biggest borrowing in its 220-year history as education debt trails the $3.7 trillion municipal market by the most since 2010.
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Wall Street banks collected $215.6 million that Denver’s public schools paid to unwind swaps and sell bonds since the district began borrowing to cut pension costs in 2008. That sum is about two-thirds of annual teaching expenses.
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The Federal Reserve said it will keep buying bonds at a monthly pace of $85 billion while standing ready to raise or lower purchases as economic conditions evolve.
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Residential real-estate prices increased in February by the most since May 2006, showing the U.S. housing market is strengthening.
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The index of U.S. leading indicators unexpectedly declined in March, and manufacturing in the Philadelphia region slowed this month, adding to evidence the economy will cool.
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Rates for Panamax ships hauling cargoes from crops and coal rose the most in nearly six weeks as demand gained for grain and oilseeds from South America.
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Retail sales probably stagnated in March amid the smallest employment gain in nine months, showing household spending ended the first quarter on softer footing, economists said before a report today.
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The slump in gold may hand activist central bankers more reasons to pursue the easy monetary policy that helped drive up the metal’s price in the first place.
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