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Business Latest News Wires

  • Will Federal Reserve start raising interest rates soon?

    Minutes from a Fed meeting in January released Wednesday show that officials struggled to determine the appropriate timing for a rate hike. The Fed's benchmark interest rate has been at a record low near zero since December 2008.

  • US housing starts fall in January, but construction is speeding up (+video)

    US housing starts slipped 2 percent to a seasonally adjusted annual rate of 1.07 million last month, the Commerce Department reported Wednesday. Despite the monthly decline, the broader economy should help boost home sales and apartment construction this year.

  • Is Snapchat really worth $19 billion?

    Snapchat, the mobile messaging app, is seeking funding at a $19 billion valuation, according to a report from Bloomberg. Snapchat is aiming to raise $500, making it the third most highly-valued tech startup backed by venture capitalists.  

Gallery Photos of the week 05/23

A shepherd guides his goats through one of the stops along the light rail, a new form of public transportation, on May 8, in Addis Ababa, Ethiopia. There are two lines – the blue line goes north-south, the green line goes east-west. The mostly elevated train was constructed by the Chinese and opened in 2015.

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