Topic: Wells Fargo & Company
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Debit cards: Chase, Wells Fargo dropping fees
Debit cards' fees so unpopular in pilot programs that Chase, Wells Fargo will eliminate them. Bank of America likely to offer ways to avoid fees on its debit cards.
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US economy grew at 2.5%. Will that quiet talk of a double dip?
Growth rate for the US economy was 2.5 percent in the third quarter, the government reported. That's an improvement over the first half of 2011, when concerns escalated about a double dip recession.
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Opinion: Take your money and run
Bank of America's $5 per month debit card fee is just the tip of the iceberg. Big banks are starting to charge fees for what used to be basic services. In protest, switch to a community bank or credit union. It's more convenient than camping out with the Occupy Wall Street protesters.
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Stocks fall as Germany cools hopes for debt deal
Stocks had their worst drop in two weeks after German leaders cast doubt on how fast the debt deal process would be. The Dow dropped 247 points to close at 11397.
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Herman Cain: Who came up with the 999 plan?
With Herman Cain now a GOP front-runner in some polls, DCDecoder offers a four-point primer on Cain's 999 plan.
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Dow sinks, but tech stocks rally
The Dow Jones industrial average fell 40 points to close at 11478, but an afternoon rally in technology stocks trimmed some of the market's losses.
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Herman Cain's '999 plan': long overdue tax reform or job killer?
Herman Cain's political star is lately on the rise, thanks in no small part to the persistent marketing of his '9-9-9 plan' to reform the tax code. Independent economists say the plan takes us into uncharted territory.
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Debit card fees: Why Bank of America will charge $5 for debit card use
Debit card fees on the rise: Bank of America to charge $5 for debit card usage. Other banks may follow suit.
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Stock buybacks: a first for Buffett
Stock buybacks would occur when Berkshire Hathaway stock is within 110 percent of book value. If stock buybacks happen, they would be the first in Warren Buffett's 46 years heading Berkshire.
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Homeowners cheer Fed's 'Operation Twist.' Wall Street, not so much.
The Federal Reserve announced Wednesday that it will drive down long-term interest rates through a strategy called 'Operation Twist.' The move has already pushed mortgage rates to historic lows, but Wall Street appears to have doubts about the plan's broader economic impact.
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Credit cards: set to get a lot smarter?
Credit cards rely on old, fraud-prone system in the US. But Visa moves could be tipping point to turn credit cards into smart cards.
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Stocks rally, breaking a three-day losing streak
Stocks rose as fears about Europe's debt crisis subsided. The Dow went up 2.75.56 points to close at 11,414.86, and nine stocks rose for every one that fell on the New York Stock Exchange.
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Faulty mortgage loans catch up with 17 big banks
Faulty mortgage loans were a major contributor to the recession and now a US regulator is suing 17 big banks for their role in those faulty loans.
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Unemployment, Inc.: Six reasons why America can't create jobs
UPDATE: No net growth in new jobs in August kept the US unemployment rate at 9.1 percent. Six reasons the country is struggling to put people to work – and why it may not last.
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Debit card fees: You can still avoid them. For now.
Debit card fees are on the rise as banks look for ways to make up for lost revenue. But Citibank, Capital One still offer no-fee cards.
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AAPL shares: Jobs' resignation changes nothing
AAPL shares traded lower after Steve Jobs stepped down as Apple CEO. But AAPL shares, which fell hard initially, were trending only slightly lower Thursday.
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Stocks inch higher, shaking off 4 weeks of losses
The Dow closed up 37 points, giving up 200 points of gains made in early trading. The S&P 500 rose less than a point, and the Nasdaq rose 4.
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Gold prices hit record. Is gold still a buy?
Gold prices top $1,825 an ounce. But there are reasons to think gold prices still have room to go up.
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Eurozone debt: Grave threat to US economy or imaginary boogeyman?
Under grimmest scenario, debt-burdened Greece, Ireland, Italy, and Spain can't pay what they owe to Eurozone banks, which then stumble, causing US banks to falter, too. But US banking system is stronger now, and regulators are more vigilant, say optimists.
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Federal Reserve more likely to do third round of easing: pros
Federal Reserve will start purchasing assets again, some market observers predict. The chances of the Federal Reserve starting another round of quantitative easing shot up in the last week as markets became unstable.
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Double-dip recession: Could it be a 'sell-fulfilling' prophecy?
A nosedive in stock prices doesn't mean a double-dip recession is inevitable. But investor sell-off could hurt an already weak economy by dampening consumer and business spirits.
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Dow skids 600, worst day since credit crisis
The Dow closed down 634 points, the S&P 500 lost 79 points, and the Nasdaq ended 174 points lower. For every stock that rose at the New York Stock Exchange, more than 69 fell.
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Dow Jones: a seesaw day of tension
The Dow Jones Industrial Average soared more than 170 points after a better-than-expected jobs report, dropped more than 500 points, and has since pared most of its losses.
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Banks bulldoze houses, despite millions being homeless
Bank of America and others plan to raze repossessed, vacant homes in some cities. Is demolition really an ethical solution?
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Recovering US job market is leaving black men behind
The unemployment rate for black men stands at 17 percent, more than double that of white men. An education gap, criminal records, and racial bias all contribute to problems in the job market, experts say. What type of intervention would help?



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