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Yellen warns of rising risks to US economy

Washington (AFP) – Federal Reserve Chair Janet Yellen warned Wednesday that the US economy faced risks from tightening domestic financial conditions as well as global economic turmoil. Showing more pronounced concern over the economy than when she last spoke publicly, in December, Yellen’s comments lessened the possibility of another interest …

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Nasdaq slammed as rout in tech drives stocks to largest weekly drop in a month

A rout in tech stocks—highlighted by LinkedIn Corp.’s massive drop after the business-oriented social network delivered a poor outlook—helped U.S. equities post their largest weekly drop in a month. Adding to negative sentiment was a jobs report that showed weaker-than-forecast growth in January. Though the the rate of U.S. jobs …

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