Americans Recover $7 Trillion In Home Wealth as Prices Firm

In March 2014, Steven and Bernadette Doherty paid $183,000 for a two-bedroom home in Charlotte, N.C., $6,000 more than its appraised value. Today, similar houses in the neighborhood are being priced at $300,000 or more. “We bought at the right time,” said Bernadette, a retired Wells Fargo & Co. information technology worker. “In retrospect, we were lucky as prices have gone up so much more.” Home-price appreciation is a welcome...

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Twitter Shares Tumble

San Francisco — The recent negativity shown toward many Internet companies hit Twitter hard Monday, as the social-media leader’s stock price fell to its lowest level ever ahead of its upcoming quarterly earnings report. Shortly after trading began, Twitter shares fell more than 5 percent, to $14.87, hitting their lowest point since the company went public in November 2013. The losses added to Twitter’s stock-price downfall, which has...

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Forecasts: Dollar to Gain Against Most Peers in 2016

Sydney — The dollar will strengthen against all its Group-of-10 peers except the pound and Canadian currency in the first quarter, while New Zealand’s kiwi will be the worst performer, according to analyst forecasts. The greenback has advanced against eight of its G-10 counterparts since the end of September as the Federal Reserve raised interest rates and futures signal 55 percent odds another increase will take place by April. The...

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Shaky Retailers Head Into Holidays

For years now, retailers decking their halls for the crucial holiday season have been waiting for shoppers to shed the tentative attitude about spending that became entrenched in the recession. Recent data shows that consumer spending and consumer confidence are on the rise, and forecasters have released relatively upbeat predictions for how sales will grow during the November and December shopping crush. And yet the most recent...

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S&P Ends Up 8.3% For the Month

New York — U.S. stocks faded late in October’s final session, paring the strongest monthly gain since 2011 as financial and consumer staples shares retreated. The S&P 500 declined 0.5 percent to 2079.36, with the gauge up 8.3 percent for the month. Stocks are also extended to five their longest streak of weekly advances this year. The Dow Jones industrial average closed at 17,663.54, up 16.84 for the week. “Recent Fed comments...

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