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Homebuyer's Guide

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  1. Housing Market
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Copper Ends Near Six-Week High, Trims Gains on Bernanke

Copper prices pulled back, but still settled near six-week highs Wednesday, as worries about the longevity of the Federal Reserve's loose monetary efforts tempered the supportive influence of stronger U.S. home sales data and copper mine supply disruptions.The most actively traded contract, for July delivery, settled 3.70 cents, or 1.1%, higher at $3.3805 a pound on the Comex division of the New York Mercantile Exchange. This was the highest settlement price since April 11, when copper closed at $3.4335 a pound.Copper prices touched a high of $3.4180 after Fed Chairman Ben Bernanke reiterated his support for the bank's bond-buying program and its success at reanimating economic growth and keeping deflation at bay.But prices retreated when Mr. Bernanke raised the prospect of cutting back these measures in the next few months, should economic data warrant this decision."His later comments regarding the bond-purchase program and a likely timescale for any reduction, sent shivers through t...

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  1. High-Tension Trading: Fed News Roils Wall Street

    FOX Business: Capitalism Lives HereA deluge of news on the Fed's strategy for tapering QE3 -- its vast asset-buying program -- sent the Dow swinging in a 277-point r...

  2. Existing Home Sales Highest Level Since November 2009

    U.S. home resales rose in April to the highest level in nearly 3-1/2 years as surging prices lured sellers back into market, which should support the housing sector ...

  3. Bernanke Gives No Hint of Slowing Printing Presses

    Federal Reserve Chairman Ben Bernanke confirmed Wednesday what most people expected -- the central bank will continue its easy money policies until labor markets str...

  4. Coming Up: Existing-home Sales

    Economists expect that the pace of existing-home sales rose in April, reaching a seasonally adjusted annual rate of 5 million, compared with a rate of 4.92 million i...

  5. Futures Tick Up; Fed News on Tap

    FOX Business: Capitalism Lives HereU.S. stock-index futures pointed higher as traders awaited the latest clues on when the Federal Reserve could start tapering its b...

  6. Lowe's Net Up 2.5%, But Results Miss Street Views

    Lowe's Cos. (LOW) fiscal first-quarter earnings rose 2.5% as the home-improvement retailer reported slightly lower expenses, but revenue was almost flat and results ...

  7. Ford adds production in North America to meet new car demand

    Ford Motor Co is adding a week of production at 20 North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U.S. marke...

  8. MARKET SNAPSHOT: U.S. Stocks Rise After Fed Officials' QE Signal

    U.S. stocks rose on Tuesday, with the Dow industrials and S&P 500 finishing at record highs, after comments from two Federal Reserve officials suggested that the cen...

  9. MARKET SNAPSHOT: U.S. Stocks Up Slightly On Fed's 'QE' Hints

    U.S. stocks edged higher Tuesday, as investors monitored speeches by three Federal Reserve officials that might hint at when the central bank will start to scale bac...

  10. MARKET SNAPSHOT: U.S. Stocks Waver Ahead Of Fed Speakers

    U.S. stocks wavered Tuesday, as investors waited for upcoming speeches by Federal Reserve officials that might hint at when the central bank may start to scale back ...

  11. Home Depot's 1st-Quarter Net Up 18% Amid Better Housing Market

    Home Depot Inc.'s (HD) fiscal first-quarter earnings jumped 18% as the improving housing market trumped uncooperative weather during the period and the home-improvem...

  12. Swiss SNB Must Stick To EUR/CHF Floor for Now, IMF Says

    The Swiss National Bank must maintain its policy of defending its exchange-rate floor as the country is still battling with deflation and fresh safe-haven inflows co...

  1. Ford adds production in North America to meet new car demand

    Ford Motor Co is adding a week of production at most of its North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U...

  2. MARKET SNAPSHOT: U.S. Stocks Hold Gains After Bernanke Bond Talk

    U.S. stocks showed solid gains in early-afternoon action Wednesday, recovering a little from a dip on Federal Reserve Chairman Ben Bernanke saying tapering of the ce...

  3. MARKET SNAPSHOT: U.S. Stocks Pare Gains On Bernanke Bond Talk

    U.S. stocks pared gains on Wednesday after Federal Reserve Chairman Ben Bernanke said tapering of the central bank's bond buying could occur in the "next few meeting...

  4. U.S. Existing-Home Sales Rise 0.6%

    The housing market continued its rebound last month, with sales of previously owned homes reaching the highest level in more than three years and a shrinking share o...

  5. Bernanke's prepared testimony to Joint Economic Committee

    Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday.Chairm...

  6. US Existing-Home Sales Highest Since Nov 2009

    ======================================================= Existing Home Sales April March ! Consensus: ! Total Sales: 4.97M 4.94Mr ! 4.99M ! % Change: +0.6% -0.2%r ! A...

  7. Stocks Rally as Bernanke Defends Aggressive Fed Easing

    FOX Business: Capitalism Lives HereThe markets posted solid gains on Wednesday after Federal Reserve chief Ben Bernanke backed the central bank's highly-expansionary...

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