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10 richest members of Congress

The 10 wealthiest members of Congress in 2012 include Senate and House members hailing from all over the US. Can you guess which political party had the most lawmakers on the list – and who grabbed the top spot?

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Stocks up on reassurance from Bernanke

Stocks edged up Wednesday after Federal Reserve Chairman Ben Bernanke said that the U.S. central bank had no firm timetable for cutting back on its bond purchases. Higher earnings for several major companies also helped stocks.
Marissa Mayer hits one year at Yahoo, but revenue disappoints

Marissa Mayer has been at the helm of Yahoo for one year, bringing sweeping changes to the company. Yahoo's second quarter earnings beat expectations Tuesday, but its revenue outlook fell short. Mayer remains upbeat about the company's progress.
Gold loses value. Gold mining stocks plunge.

Gold loses 1.6 percent in the spot and futures markets, hovering near lows set in April. But the GDX, the ETF for gold miners, loses 4 percent and now stands at lowest point since December 2008.
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Bloomberg L.P. says it has cut off its journalists' special access to its clients' financial services information, describing such access as a 'mistake' in its newsgathering policies. The Federal Reserve is now investigating whether Bloomberg journalists tracked data about top Fed officials.
Japanese yen plunges to four-year low. G7 unlikely to act.

Japanese yen's plunge vs. the dollar makes its exports cheaper and its companies more competitive. G7 finance ministers will focus on the Japanese yen at talks in the UK this weekend.
Chapter & Verse Federal judge rules that used digital items cannot be sold by consumers

Start-up company ReDigi plans to allow users to sell used e-books despite being told by a federal judge that selling used music is illegal.
Cover Story Dow at 15,000: What the stock market is telling us

As Wall Street posts a new record, experts decode its message about the state of the economy – and whether it's too late to invest.
AAPL, below $400 a share, may fall more

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Robert Reich Obama budget: Why entitlement cuts are a 'grand bargain' we don't need

President Obama's willingness to negotiate on Social Security – which Democrats have protected from Republican assaults for almost eighty years – doesn’t bode well, Reich writes.
Matt Lauer: 'Today' will regain top ratings

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The Reformed Broker The economy is not the stock market

There is zero correlation between economic growth and stock market returns, Brown writes. They head in the same direction over time, but the stock market and the economy are only loosely related.
Energy Voices Invest in oil? Or invest in gas?

There are investment opportunities in both, but finding your edge in oil is a lot easier than in natural gas, right now.
Sequester fight: what investors are missing

The stock market is taking the sequester in stride so far. But investors shouldn't be too complacent about the impact of federal spending cuts.
Energy Voices Airbus to ditch lithium-ion batteries – for now

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Warren Buffett: Heinz ketchup company to be bought by Buffet firm (+video)

Berkshire Hathaway is dipping into the ketchup business as part of a $23.3 billion deal to buy the Heinz ketchup company. Berkshire Hathaway, billionaire Warren Buffett's investment firm, teamed up with 3G Capital to buy Heinz in the food industry's largest deal ever.
Apple might be headed back to court as investors sue

Apple is notorious for hoarding away cash as a way to "keep their options open." However, as stocks begin to slip, investors are asking for larger cash amounts.
Horizons Facebook on your computer, phone, and now in your wallet

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Decoder Wire Republicans talk up a 'government shutdown.' Do they mean it?

With a series of fiscal deadlines approaching, some Republicans in Congress say they're ready to shut down the government to get real spending cuts, a reprise of the famous shutdowns of 1995.
Investors peek over 'fiscal cliff' and find ... blue skies?

Professional investors see plenty of minefields, but many believe a congressional deal will avert the worst of the 'fiscal cliff.' Another plus: Beyond the 'fiscal cliff' is a slowly improving economy.
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House Speaker John Boehner could not muster enough support Thursday night from his fellow Republicans, a majority in the US House of Representatives, to pass his bill called 'Plan B' that he had hoped to use to avoid the so called 'fiscal cliff.'
In Gear Are cheap cars safer than expensive ones?

Cheaper midsize cars do a better job in deadly head-on collisions than many luxury and near luxury midsize cars, according to crash tests by the Insurance Institute for Highway Safety.
Obama remains firm, new poll shows support for position on 'fiscal cliff'

While insisting that tax rates go up on the top 2 percent of American earners, President Obama has called for government spending cuts but by less than the Republicans want.