Source: Made in the USA brand | Facebook
A "Made in USA" brand label requires certification

You want to support the U.S. economy, so you look for a “Made in the USA” label when you go shopping. Yet, federal regulators say some of those labels were deceptively used to boost business. A Federal Trade Commission (FTC), complaint said labels issued by an Ohio company, Made in the USA Brand, LLC, had “significant imported content.” …

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New York City is filled with anecdotal stories about rich people moving to Florida for lower taxes. A columnist in the New York Post wrote this year that, “One friend says 10 wealthy people have told him they are leaving and another says disgusted New Yorkers bought $1 billion in residential property in Florida.” Former Mayor Michael …

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Mark Zuckerberg

Facebook’s reliance on traditional Web advertising is a thing of the past. Two years removed from its controversial initial public offering, the social network has rapidly become the second-biggest recipient of mobile ad dollars, behind Google. Those tiny smartphone promotions now account for over half of sales. Even with Facebook capturing headlines in 2014 for its massive …

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Many young adults in their 20s and early 30s could teach their parents a thing or two about money. It turns out millennials—who range between 19 and 34 years old—are pretty smart about saving money. The Great Recession taught them a vital lesson: Save now in order to survive potentially catastrophic economic and financial challenges …

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Consumers’ IRA contributions have hit record levels—but are the extra funds enough to save for retirement? Account-holders contributed an average $4,150 during tax year 2013, an all-time high, according to a new report from Fidelity Investments. That tally represents a 5.7 percent increase from 2012. (See chart below for a breakdown of average contributions by age.) Read …

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A trader works on the floor of the New York Stock Exchange.

Technology led market gains on Wednesday as the S&P tech sector hit its highest level since November 2000 and the Nasdaq 100, another indicator of industry growth, reached a 14-year high. The S&P tech sector is the only division of the index that traded at a 52-week high on Wednesday morning. Companies leading gains at 52-week highs included Qualcomm, Hewlett-Packard, EMC …

Kerima Greene | CNBC
Bill Ackman

After sinking as Bill Ackman promised CNBC viewers he would deal a “death blow” to the company, Herbalife shares surged during his actual presentation. And that may have cost the head of Pershing Square Capital Management up to $70 million in paper losses on Herbalife options alone. Ackman’s position in Herbalife is often referred to as a short position, …

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Gold prices rose again last week on news of the downing of Malaysia Air Flight MH17, the latest in a series of geopolitical shocks that have sent the price of the precious metal up this year. The price of gold rose 4 percent in the year preceding July 17. On news that the airliner had …

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A stock photograph of a TransAsia Airways jet in Shanghai.

This story is developing. Please check back for further updates. A domestic TransAsia Airways plane crashed on landing on an island off the west coast of tyhoon-hit Taiwan on Wednesday, killing 47 people, the Civil Aeronautics Administration said. “It’s chaotic on the scene,” Jean Shen, director of the Civil Aeronautics Administration, told Reuters. Eleven injured …

Scott Mlyn | CNBC
A sign offering mortgage help at a Bank of America branch, New York City.

Mortgage rates didn’t move at all last week, but more borrowers made applications to refinance their home loans. A weekly measure of loan volume by the Mortgage Bankers Association showed a 2.4 percent gain in total applications week-to-week, with a 4 percent jump in refinances leading the charge. Read More Higher mortgage rates not deterring buyers …

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Tonight: Does Apple have a major product in its pipeline that could wow investors and consumers?

Nightly Business Report — July 22, 2014

Tonight on Nightly Business Report, does Apple have a major product in its pipeline that could wow investors and consumers? And, what the conflicting legal rulings on the new health law could mean for millions of Americans.

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Today’s stock stories: DD, TRV, UTX, CMCSA

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The number of homes listed for sale nationally is finally beginning to rise, but ask anyone looking to buy a home and the majority will complain there is nothing out there. Neighborhood to neighborhood, market to market, supply still seems tight, despite a 6.5 percent increase in listings from a year ago, according to the National …

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The Michael Kors Kerry Centre Flagship Store in Shanghai.

Michael Kors stock has had a fabulous run, but investors’ opinions about whether its shares are about to go out of fashion may hinge on two questions: Has the brand maxed out its U.S. potential? And how much of a boost can it get from expanding in Europe? There is no doubt that the pace of …