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Why oil is down by half, what it means for you

The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing.

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Oil plunges again, reaches recession-level depths

A 6-month rout in the price of oil accelerated this week, culminating in a 4 percent drop Friday — its third such drop in 5 days — to its lowest level since May of 2009, when the U.S. was still in recession. Friday's trigger was a lowered expectation for oil consumption from the International Energy Agency.

US stocks plunge as oil rout continues

A rout in oil prices shook financial markets Friday, pushing stocks to their worst weekly loss in two and a half years.

Falling oil prices raise new concerns

Plummeting oil prices may add a little jingle in the pockets of holiday shoppers and travelers but are raising financial worries in some states that had been tapping into surging oil tax revenues to pay for roads and other government services.

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Teen retailers get the cold shoulder for holidays

Being a teen can be tough, but catering to one is even more difficult. Teen retailers are learning that lesson the hard way this holiday season.

FINRA fines 10 banks over Toys R Us IPO conduct

The Financial Industry Regulatory Authority is fining 10 banks a total of $43.5 million, saying they tried to win roles in the initial public offering of Toys R Us by offering the company favorable analyst coverage.

White House swings behind huge $1.1T spending bill

House Republican leaders narrowly quelled a revolt among their conservatives Thursday, then worked to overcome Democratic opposition to legislation to provide $1.1 trillion in government spending and chart a new course for selected, highly shaky pension plans.

Spanish news to vanish from Google News globally

Google is locking Spanish publishers out of its popular Google News service in response to a new Spanish law that imposes fees for linking to the headlines and news stories on other websites.

Retail sales report boosts US stock market

Good news on U.S. retail sales lifted the stock market Thursday, although worries about the latest plunge in oil prices kept the gains in check.

USDA sees higher corn, soybean demand

Aside from increased demand for corn to make food sweeteners and a boost in soybean exports, the U.S. Department of Agriculture made few adjustments to Wednesday’s crop update.

Appeals court deals blow to US in insider cases

A federal appeals court dealt a blow to the government's success in insider trading prosecutions Wednesday by reversing two convictions with a decision that also jeopardizes a third — and attempts to further define how far prosecutors can push the law in their quest to clean up Wall Street.

US stocks slide the most in two months

Oil resumed its slide on Wednesday and took the stock market down with it.

Average Affordable Care premiums going up in 2015

Many people covered under President Barack Obama’s health care law will face higher premiums next year, the administration acknowledged Thursday.

LL Bean struggles to meet demand for iconic boot

Whether it’s “lumberjack chic” or old-school utility, demand for L.L. Bean boots is surging — so much so that some customers will have to wait until February to get their holiday purchases.

Apple says plaintiffs' iPods not covered by suit

Apple attorneys have raised an eleventh-hour challenge that could derail a long-running, class-action lawsuit. The lawsuit is over Apple's use of restrictive software that kept iPods from playing digital music sold by competitors to its iTunes store.

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