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New York Mercantile Exchange › (NYMEX:LO.J12.9750P)


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Today's Financial News

Business Highlights

12 hours ago

___ US economy posts even stronger growth in Q3 WASHINGTON (AP) — The U.S. economy grew even faster in the third quarter than initially thought, posting the strongest six months of growth in more than a decade and pulling further ahead of other big economies of the world. The gross domestic product, the country's total output of goods and services, expanded at a healthy 3.9 percent annual rate in the July-September period, the Commerce Department reported Tuesday. That's a notable jump from its first estimate of 3.5 percent. The revision was propelled higher by more robust consumer and business spending.

Rule that narrowed disclosure rules for corporations, labor organizations was impermissible

12 hours ago

WASHINGTON (AP) — The Federal Election Commission impermissibly narrowed disclosure requirements for corporations and labor organizations that finance electioneering communications, the political ads that run close to an election, a federal judge ruled Tuesday. Jackson said there was little or nothing in the administrative record that would support the FEC's decision to introduce a limit into the broad disclosure rules in the Bipartisan Campaign Reform Act.

Apple's $700 billion in market value conjures fanciful shopping sprees

12 hours ago

SAN FRANCISCO (AP) — Apple's market value surpassed $700 billion in Tuesday trading, an unprecedented milestone among U.S. companies. The iPhone and iPad maker is worth so much that it stretches the imagination. Consider the buying power of $700 billion: — It could buy 935 million models of the iPhone 6 Plus with 16 gigabytes of storage. That would be nearly enough to distribute Apple's latest gadget du jour to everyone living in North America and Europe. Or you could just buy 1.4 billion units of the 16GB iPad Air 2, enough to give Apple's latest tablet to everyone in China.

How the Dow Jones industrial average and other major indexes fared on Tuesday

12 hours ago

A slump in energy prices pushed the stock market back from record levels on Tuesday. Energy stocks fell as the price of oil resumed its descent. Traders speculated that member nations of the oil-producing group OPEC would fail to agree on production cuts at an upcoming meeting. Tuesday: The Dow dropped 2.96 points, or 0.02 percent, to 17,814.94.

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