China stocks rebound as data improves

Click chart for more markets data. HONG KONG (CNNMoney) But favorable economic reports and the prospect of market reform has drawn investors back in this month, driving the index into positive territory for the year and 16% above its early December...

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Assault rifles are selling out

Dennis Pratte, owner of My Gun Factory in Falls Church, Va., said the demand for semiautomatic rifles is outstripping supply. NEW YORK (CNNMoney) "Our phones are ringing every 10 seconds and people are saying, 'Do you have any assault rifles?'"...

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10 states to boost minimum wage

Workers in Rhode Island will see their paychecks grow the most -- by an average of $510 a year for the average worker, according to the National Employment Law Project. NEW YORK (CNNMoney) Workers in Rhode Island will see their paychecks grow...

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Fiscal cliff could put your tax refund on hold

Tax refunds could be delayed. NEW YORK (CNNMoney) Congressional dithering over a fiscal cliff fix could force the Internal Revenue Service to delay the start of the filing season. So those expecting to file their returns in mid-January, when the...

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S&P says fiscal cliff impasse won't spark downgrade

President Obama and congressional leaders met Friday at the White House in the latest round of fiscal cliff negotiations. NEW YORK (CNNMoney) S&P made headlines in August of 2011 by knocking the U.S. down from AAA status to to AA+ following...

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Stocks brace for fiscal cliff reckoning

The deadline to avert a looming fiscal crisis is fast approaching. Investors are hoping for the best, but bracing for the worst. NEW YORK (CNNMoney) For weeks, many have worried that no resolution to the fiscal cliff would lead to the kind of brutal...

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Snapchat's 'disappearing' videos don't actually vanish

Snapchat messages are designed to vanish seconds after they're opened, but a security probe revealed that some videos are being stored on recipients' iPhones. NEW YORK (CNNMoney) Snapchat's twist is a messaging trail that self-destructs. When a...

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Fiscal cliff could put your tax refund on hold

Tax refunds could be delayed. NEW YORK (CNNMoney) Congressional dithering over a fiscal cliff fix could force the Internal Revenue Service to delay the start of the filing season. So those expecting to file their returns in mid-January, when the...

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S&P says fiscal cliff impasse won't spark downgrade

President Obama and congressional leaders met Friday at the White House in the latest round of fiscal cliff negotiations. NEW YORK (CNNMoney) S&P made headlines in August of 2011 by knocking the U.S. down from AAA status to to AA+ following...

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Bank fines top $10 billion this year

UBS's fine for manipulating Libor capped a record year for bank fines. NEW YORK (CNNMoney) When UBS agreed earlier this month to pay U.S. authorities $1.2 billion for manipulating Libor, it capped a record year for bank fines. And the total includes...

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You need a touchscreen for Windows 8

At $500, Asus' VivoBook laptop is the cheapest touchscreen Windows 8 PC on the market. NEW YORK (CNNMoney) The ability to touch, tap, swipe and pinch on Windows 8 computers is what makes the new operating system come to life. You can still use...

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Take control of your spending

NEW YORK (Money Magazine) With 2012 winding down and 2013 fast approaching, now is an excellent time to focus on the single most effective way to build wealth and gain financial security for the long term: taking control of your spending so you can...

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The rich will pay more taxes next year - no matter what

Taxes are going up on the rich in 2013 to pay for Obama's health care law no matter what Congress does. NEW YORK (CNNMoney) The new levies will help foot the bill for the program to expand health care coverage for the uninsured, which involves...

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What happens to the economy if we go over the cliff?

It's looking like Congress might go over the fiscal cliff. A long stay over the cliff would hit the economy hard - a short one would have a less severe impact. NEW YORK (CNNMoney) What happens to the economy if lawmakers don't cut a deal and and...

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Stocks becalmed on fiscal cliff standoff

Click on chart for more premarkets data. NEW YORK (CNNMoney) U.S. stock futures were flat, with just days left for President Obama and Congress to agree to a plan that would avert tax hikes and spending cuts from kicking in automatically on Jan....

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Trade penalties squeeze U.S. dry cleaners

Dry cleaners are paying more for hangers since the U.S. imposed heavy trade duties on ones from Vietnam, says 3Hangers Supply Company. NEW YORK (CNNMoney) In June, the U.S. imposed temporary duties as high as 187% on hangers from Vietnam, a top...

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Payback time: Florida homeowners foreclosing on banks

Hundreds of homeowners associations are foreclosing on banks that have failed to pay dues and other expenses on the properties they've repossessed. NEW YORK (CNNMoney) Hundreds of homeowners and condo associations are foreclosing on banks that...

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Starbucks makes political push on fiscal cliff

Starbucks CEO Howard Schultz asks employees in D.C.-area stores to write 'Come Together' on coffee cups when serving customers. NEW YORK (CNNMoney) In a letter to Starbucks employees made public on Wednesday, Chief Executive Howard Schultz asked...

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Italy's Monti may lead again, reforms key

Monti says he may be a candidate for prime minister if asked by reformist parties LONDON (CNNMoney) Monti stood down, and parliament was dissolved Friday, after former Prime Minister Silvio Berlusconi withdrew his support for Monti's unelected...

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Stocks tumble as fiscal cliff deadline nears

Click for more market data. NEW YORK (CNNMoney) The Dow Jones industrial average fell 0.4%. The S&P 500 and the Nasdaq both lost about 0.3%. U.S. markets closed at 1 p.m. ET and will remain dark Tuesday for the Christmas holiday. With...

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New deal to give MF Global customers more money

Trustees reached a deal that will likely return an estimated $500 million to $600 to MF Global's U.S. brokerage estate. NEW YORK (CNNMoney) The trustee trying to recover funds for MF Global customers announced that a settlement was reached on Friday....

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Clock ticking on mortgage tax break for struggling homeowners

Struggling homeowners with principal reductions may have to pay more in taxes if the Mortgage Debt Forgiveness Act is not extended by the end of the year. NEW YORK (CNNMoney) If the Mortgage Forgiveness Debt Relief Act of 2007 does not get extended...

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Stocks: Little to cheer as holiday begins

Click the chart for more premarket data. NEW YORK (CNNMoney) U.S. stock futures were lower ahead of the open, following a broad decline in stocks Friday due to the gridlock in Washington talks aimed at avoiding the fiscal cliff. Expect low...

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EPA study supports more natural gas

NEW YORK (CNNMoney) "As the administration and EPA has made clear, natural gas has a central role to play in our energy future," the agency said in a press release. "The administration continues to work to expand production of this important domestic...

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Going over the cliff: What changes, what doesn't

Senate Majority Leader Harry Reid may need to do some heavy lifting to pass a fiscal cliff deal in the Senate, after House Speaker John Boehner's so-called Plan B did not garner enough support in the House. NEW YORK (CNNMoney) The good news: It...

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'Dairy cliff': Milk prices may double in New Year

If Congress doesn't act on an expiring protection for dairy farmers before Jan 1, milk prices could double. NEW YORK (CNNMoney) With Congress spending all its time trying to avert the fiscal cliff, a slew of other legislative matters are going...

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