ALL BUSINESS: Can the stock market rally last? (AP)
Comments OffSomebody on a bus asks a friend, “How about that stock market?” The response: “Unbelievable.” Caribbean vacationers lounging poolside check their Blackberries for stock prices. Suburban gym members chat about the latest market gains during their morning workouts.
Obama boosts hopes for free trade in Asia-Pacific (AP)
Comments OffPresident Barack Obama raised hopes for creating an Asia-Pacific free-trade region by announcing Saturday that the U.S. would seek to join a smaller group seen as a precursor to a broader Pacific Rim agreement.
FHA boss: FHA is not the new subprime (AP)
Comments OffFederal Housing Administration Commissioner David Stevens said Saturday that concerns the agency is headed for the same financial trouble that snared Fannie Mae, Freddie Mac and the subprime sector are unwarranted.
China-U.S. debate delays APEC statement (Reuters)
Comments OffAsia Pacific leaders struggled to agree a final statement on Sunday as Washington and Beijing debated the wording on market-oriented exchange rates and trade protectionism, an APEC delegation official said.
Consumer, trade data paints bleak picture (Reuters)
Comments OffU.S. consumer sentiment soured in early November on grim job prospects while a larger-than-expected trade deficit had analysts scaling back estimates for third-quarter U.S. economic growth.
First-time homebuyers leading market back (CNNMoney.com)
Comments OffPropelled by the first-time homebuyers tax credit, nearly half of home sales are now being made by first-time purchasers, according to an industry report released Friday.
Stocks gain on retail hopes, Disney results (Reuters)
Comments OffU.S. stocks rose in light volume on Friday to achieve a second straight week of gains as upbeat retail news reinforced hopes for strong sales in the key holiday season
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