Banks Set To Make Lower Profits
Here’s why big banks will make lower returns during the next upturn…
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Stocks fall slightly on consumer confidence report
News that consumers are more pessimistic put the stock market’s rally on hold. Stocks fell modestly Tuesday after three days of big gains. The Dow Jones industrial average rose 12 points for its fourth straight advance, but the gain was largely to due a jump in DuPont Co. after the chemical maker reported strong earnings.
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With payday loans, poor get the loans, firms get the payday
NATHAN HUNSINGER/DMNPayday lenders say they’re taking a risk on those scorned by other financial companies, but critics say the loans trap customers in a downward debt spiral.
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U.S. stocks rise, with help from DuPont, banks
U.S. stocks climb Tuesday following a rise in U.S. home prices for May along with another round of strong earnings.
Read more on MarketWatch via Yahoo! Finance
